Residential & Commercial Real Estate Services

PURCHASING/Selling/Refinancing

At Iqra Law we help all sorts of first time home buyers, investors, developers, etc., with purchasing, selling, or refinancing properties.

We engage in both residential and commercial real estate transactions.

Agreement of Purchase and Sale Review

If you are looking to enter into an Agreement of Purchase and Sale (APS) on a resale home or with a builder, you need to consult with a lawyer prior to signing anything. You need to ensure that you fully understand the contract you are about to sign as the ramifications of default of any terms and conditions of an APS come with great consequences.

TITLE TRANSFERS

Whether you need to add someone to the title of the property or remove an individual, our team is ready to assist you in this process and ensure your rights are protected throughout the process.

NEW HOME BUILD PURCHASE

Have you entered into an Agreement of Purchase and Sale (APS) to purchase a brand new home from a builder? Is your Occupancy Closing approaching soon? Has the builder sent you a notice of Final Closing?

Handling new home build purchase transactions requires great attention to detail and expertise. There are several important deadlines to look out for and you should contact our real estate department as soon as you sign your APS with the Builder so you are informed of your rights from the onset of your transaction.

Real Estate Law FAQs

Please reach us at 905-216-6667 if you cannot find an answer to your question.

What is Land Transfer Tax in Ontario?

When you buy land or an interest in land in Ontario, you pay Ontario's land transfer tax. Land includes, but is not limited to, any buildings, buildings to be constructed, and fixtures (such as light fixtures, built‑in appliances and cabinetry). In addition, for certain transfers of land, a 25 per cent Non‑Resident Speculation Tax (NRST) may apply.

What are Closing costs in a Real Estate transaction?

Typical closing costs in any real estate transactions in Ontario can include land transfer tax, title searches, corporate searches, registration fees, title insurances, legal fees, transaction levy fees, etc.

What is a First Time Home Buyer's Rebate in Ontario?

In Ontario, as of January 1, 2017, you may be eligible for a maximum rebate of $4,000.00 off of your Land Transfer Tax if you qualify as a first time home buyer according to the laws of Ontario.