Real estate law
Looking for a real estate lawyer in North York? Mayo Law supports buyers, sellers, investors, landlords, tenants, and business owners with residential and commercial real estate matters across North York and the Greater Toronto Area. From purchase agreements and title review to refinancing, commercial leases, contract issues, and closing day, our team helps ensure every legal detail is handled properly from the start.
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Yes. All residential and commercial real estate closings in Ontario must be handled by a lawyer — this applies to North York, including Willowdale, Yonge and Finch, Yonge and Sheppard, Bayview Village, and the rest of the Yonge corridor. Your lawyer registers the transfer, reviews title, coordinates with your lender, and ensures funds move correctly through statutory trust accounts on closing day.
Yes. North York is part of the City of Toronto, so buyers pay both the Ontario Land Transfer Tax and the Toronto Municipal Land Transfer Tax. Combined, this typically adds 3 to 4 percent of the purchase price in tax for residential properties. First-time homebuyers may qualify for partial rebates on both. Your lawyer calculates the exact amount and includes it in your statement of adjustments.
No. Real estate closings in Ontario happen electronically through Teraview, so your lawyer’s physical location does not affect the closing. What matters is that the lawyer is licensed by the Law Society of Ontario and handles GTA transactions regularly. We serve North York clients from our downtown Toronto office at 100 King Street West.
For a typical North York residential purchase, expect legal fees of $1,200 to $2,500 plus disbursements (title search, title insurance, registration, courier, software fees) of approximately $1,000 to $2,500. Pre-construction condo closings along the Yonge corridor sometimes carry additional fees due to developer disclosure paperwork and HST rebate analysis. We provide a clear written fee quote at the start of every file.
Yes. North York has one of Toronto’s highest concentrations of pre-construction condo developments along Yonge Street, particularly around Yonge and Sheppard, Yonge and Finch, and Yonge and Eglinton. We handle pre-construction condo assignments, interim occupancy, and final closing — including developer agreement review, statement of adjustments analysis, HST rebate handling, and Tarion enrolment confirmation.
A freehold closing transfers full ownership of the land and structure to you. A condo closing transfers ownership of your specific unit plus a proportional share of the common elements managed by a condominium corporation. Condo closings include additional documentation: status certificate review, reserve fund disclosure, declaration and by-laws review, and ongoing common element fees that need to be apportioned on closing. Both are routine in North York, where the housing stock is roughly split between high-rise condos and detached freeholds.
Yes. We handle North York investment property purchases and sales for individuals and corporations — including condo investment units, duplexes and small multi-unit residential, and commercial properties. Investment closings typically involve additional considerations like rent rolls, tenant assumption, capital cost allowance coordination with your accountant, and corporate ownership structuring.
Non-resident purchases of residential property in Ontario are subject to the Non-Resident Speculation Tax (currently 25 percent), which applies to foreign nationals, foreign corporations, and taxable trustees on top of the standard Ontario and Toronto land transfer taxes. There are also FINTRAC source of funds reporting obligations and cross-border tax considerations that should be coordinated with a tax professional. Our cross-border practice handles these layered issues regularly.
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