What are closing costs?

Closing costs are fees and expenses that are required to close the purchase of a property. Closing costs may include a variety of items depending on the property you purchase (resale or new build, residential or rural, or an investment property, etc.) For a resale home, common closing costs are things like adjustments on property taxes, propane/oil tanks (if applicable), condo maintenance fees, Land Transfer Tax, real estate commission, legal fees & disbursements, etc. For new build homes, closing costs are typically things like the Tarion warranty, property tax adjustment, Land Transfer Tax, tree planting, driveway paving, extension or NSF fees on deposit cheques (if any), the installation of a hydro or water meter, etc). All builders are different so you may want to inquire to see what costs will be payable on closing. How and when do I provide my closing funds? Our office will communicate with you in advance of your signing appointment to advise you the amount required to close your property on its scheduled closing date. These funds are typically provided to our office by bank draft or certified cheque.

How to Reach Us…

Tel: 905-576-5666

Fax: 905-576-5289

Email:

info@thomasefraimllp.com

Leon@thomasefraimllp.com

Main Office:

McLaughlin Square,

50 Richmond Street East, Suite 110

Oshawa, ON L1G 7C7

If you require parking, there is parking on Richmond Street and Mary Street by our building. We also have limited parking inside the building if requested beforehand.

Our Office

For legal assistance or inquiries about our services, reach out to Thomas, Efraim LLP today. Our seasoned legal team is ready to guide you through your legal matters with personalized solutions.

We welcome your questions and are dedicated to providing tailored assistance during our office hours. Don’t hesitate to contact us for expert legal advice and guidance. Your legal solutions start here.

Parking Info

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Thomas, Efraim LLP

By Appointment Only, offices in:

Markham, Ontario

Uxbridge, Ontario