Real estate law
Looking for a real estate lawyer in Richmond Hill? Mayo Law supports buyers, sellers, investors, landlords, tenants, and business owners with residential and commercial real estate matters across Richmond Hill 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. Every residential and commercial real estate closing in Ontario must be handled by a lawyer — this applies to Richmond Hill, including Oak Ridges, Bayview Hill, Jefferson, and Mill Pond. Your lawyer registers the transfer, reviews title, coordinates with your lender, and ensures funds move correctly through statutory trust accounts on closing day.
No. Unlike Toronto, Richmond Hill does not levy a municipal land transfer tax. Buyers of Richmond Hill property pay only the Ontario Land Transfer Tax, which is roughly half the combined tax burden of an equivalent Toronto purchase. First-time homebuyers may qualify for a rebate on the Ontario tax. 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 office 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 Richmond Hill clients from our Toronto office at 100 King Street West.
For a typical Richmond Hill 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. New build freehold closings in Oak Ridges, Jefferson, and other developing areas sometimes carry additional fees due to Tarion paperwork and developer disclosure review. We provide a clear written fee quote at the start of every file.
Yes. Richmond Hill has a substantial volume of new freehold and townhouse builds, particularly in Oak Ridges, Jefferson, and the newer developments north of Stouffville Road. New build closings involve developer agreement review, Tarion enrolment confirmation, HST rebate handling, statement of adjustments review, and final inspection coordination — all of which need careful handling. We handle new build closings as part of our regular GTA real estate practice.
Richmond Hill is predominantly freehold and family-oriented, with newer subdivisions in Oak Ridges and Jefferson and established neighborhoods like Bayview Hill and Mill Pond. Title work is generally clean on newer builds but older areas occasionally surface easements, historical encroachments, or unregistered side-yard issues that need to be resolved before closing. Experienced GTA counsel handles these as routine.
Yes. We handle Richmond Hill investment property purchases for individuals and corporations, plus commercial real estate transactions and leases. 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 Land Transfer Tax. There are also FINTRAC reporting obligations for source of funds and cross-border tax considerations that should be coordinated with a tax professional. Our cross-border practice handles these issues regularly.
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