Residential Real Estate
Prairie Legal Services can meet all your residential real estate needs, including offers to purchase, sales, purchases, construction mortgages, refinance mortgages, and family transfers.
Buying a Residential Property
Below are the estimated costs when purchasing a standard residential property with one mortgage:
Purchase Price of Property
$200,000
$300,000
$400,00
Legal Fees – Purchase
$800
$800
$800
GST & PST on Legal Fees – Purchase
$96
$96
$96
Legal Fees – Mortgage
$200
$200
$200
GST & PST on legal Fees – Mortgage
$24
$24
$24
Land Titles Office Search Fee
$33
$33
$33
Land Titles Office Registration Fee – Transfer
$137
$137
$137
Land Titles Office Registration Fee – Mortgage
$137
$137
$137
Land Titles Office Copy of Registered Mortgage
$24
$24
$24
Land Transfer Tax
$1,650
$3,650
$5,650
TOTAL
$3,101
$5,101
$7,101
Other Costs:
Tax Certificate: The fee for a tax certificate is set by the municipality in which the property is being purchased and ranges from $20 to $55.
Title Insurance: A title insurance policy is a one-time paid premium of approximately $200 to $250. Many lenders require a policy to be purchased as part of the mortgage instructions.
Lender Portal Fee: If your lender is Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, or Toronto-Dominion Bank, a portal fee of $76.05 is incurred.
Identification Verification Fee: If you are signing your documents through videoconference, the Law Society of Manitoba requires your identification (passport/driver’s licence) to be verified. The service we use is Treefort and the fee is $26.25.
Xpresspost Postage or Courier Fee: Depending on where the seller’s lawyer is located, a cost of $20 to $50 may be incurred.
Selling a Residential Property
Below are the estimated costs when selling a standard residential property:
Legal Fees
$800
GST and PST on Legal Fees
$96
Land Title Search Fee
$33
TOTAL
$929
Other Costs:
Tax Certificate: The fee for a tax certificate is set by the municipality in which the property is being sold and ranges from $20 to $55.
Identification Verification Fee: If you are signing your documents through videoconference, the Law Society of Manitoba requires your identification (passport/driver’s licence) to be verified. The service we use is Vaultie and the fee is $11.76.
Xpresspost Postage or Courier Fee: Depending on where the buyer’s lawyer is located, a cost of $20 to $50 may be incurred.
We do not charge any administrative fees in addition to the above listed legal fees such as: photocopying fees, file documentation retention fees, file maintenance fees, file opening fees, file closing fees, file storage fees, technology fees, or other unspecified miscellaneous/administration file expenses.
We are a BGRS Approved Third-Party Service Provider for R.C.M.P., C.A.F., and federal employee relocations. The legal fees, administrative fees, and disbursements invoiced will be in accordance with the terms of the BGRS Third-Party Service Provider Agreement at the time the service is performed.
*Legal fees are subject to change at any time.