Real Estate Lawyers | Buying Property In the GTA| Nava Wilson

Buying a Property in Ontario

Property Types

Freehold ownership grants you full ownership of both the land and the house without any shared space or joint management with neighbors. You have complete responsibility for maintaining your property and covering the associated property taxes.

Typically, detached and semi-detached homes, duplexes, and townhouses fall under the category of freehold ownership.

1

Sign Agreement of purchase and sale ( APS )

2

Contact Nava Wilson and send us the APS

3

Our team gathers all documents from you

4

Initial meeting is set

5

Discuss costs, timelines and process

6

Complete Title Search, Requisitions, Document Filing

7

Reviewing and Signing Documents

8

Closing (title is transferred)

The term “new condominiums” describes units that have never been lived in before. These condos can be in various stages of development, from planning and construction to recently finished, and they are typically bought directly from a developer. Many buyers find them appealing due to their pristine condition and contemporary features, including updated surfaces and appliances. Additionally, new condos often provide buyers with the opportunity to personalize their living spaces to suit their preferences.

1

Sign Agreement of Purchase and Sale (APS)

2

Contact Nava Wilson and send the APS

3

Our team gathers documents from you

4

Initial meeting is set

5

Discuss costs, timelines and process

6

Complete Title Search, Requisitions, Document Filing

7

Reviewing and Signing Documents

8

Closing (title is transferred)

A resale home is one that has been previously owned and is not newly constructed. If you buy a house that’s been listed by a real estate agent or for sale by owner, that’s generally a resale home.

1

Sign Agreement of Purchase and Sale (APS)

2

Contact Nava Wilson and send the APS

3

Our team gathers documents from you

4

Initial meeting is set

5

Discuss costs, timelines and process

6

Complete Title Search, Requisitions, Document Filing

7

Reviewing and Signing Documents

8

Closing (title is transferred)

“Resale condominiums” are condos that have previously been lived in, often situated in older buildings, and are currently on the market by their current owners. Buying a resale condo offers several benefits, including the ability to inspect the unit, assess the condition of the building and its surroundings before committing to a purchase. You also have the opportunity to meet other unit owners, speak with a representative of the board of directors of the condominium corporation and ask questions of the property manager.

1

Sign Agreement of Purchase and Sale (APS)

2

Contact Nava Wilson

3

Send the APS and Condo Status Certificate

4

Our team gathers documents from you

5

Set up a meeting, discuss costs, timelines and process

6

Complete Title Search, Requisitions, Document Filing

7

Reviewing and Signing Documents

8

Closing (title is transferred)

How We Work

Virtual Real Estate Closings

Real Estate made easy. We offer virtual real estate closings with enhanced client interactions.

Closing Cost Calculation

Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste

Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

Lorem ipsum
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui

Featured Insights

Frequently Asked Questions

What are the basic steps involved in buying a property in Ontario?

The basic steps include finding a property, making an offer, conducting due diligence, securing financing, and closing the deal. A real estate lawyer plays a vital role in ensuring a smooth transaction.

What is the difference between a residential property and a commercial property in Ontario?

Residential properties are for personal use, while commercial properties are for business purposes. They have distinct zoning and regulations.

What is a typical timeline for closing a property deal in Ontario?

On average, it takes about 60-90 days from accepting an offer to obtaining possession, but this can vary based on the specifics of the transaction.

Are there any first-time homebuyer incentives or programs in Ontario?

Yes, programs like the First-Time Home Buyer Incentive and land transfer tax rebates may be available to eligible buyers.

How can I protect myself from potential legal issues when buying a property?

 Engage a real estate lawyer, conduct due diligence, ensure clear title, and review all documents carefully.