As of January 1, 2020, some Land Titles fees will be increasing.
Land Titles and Surveys common documents fee schedule
The following scenarios illustrate the fee increase in typical transactions.
If you are purchasing a property and not getting a mortgage or a line of credit:
Purchase Price $400,000.00
Current Land Titles fees: $130.00
New Land Titles Fees $210.00
If you are purchasing a property and getting a mortgage or a line of credit
Purchase Price $400,000.00 Mortgage/Line of Credit Amount $350,000.00
Current Land Titles fees: $250.00
New Land Titles Fees $365.00
If you are selling a property:
If there is a mortgage/line of credit or encumbrance that needs to be removed from title, Land Titles will charge $10.00 for each encumbrance to be removed as of January 1, 2020. The current charge to remove an encumbrance from title is $5.00 each.
If you are refinancing a property (no change to the owners just a new mortgage or line of credit)
New Mortgage Amount $300,000.00
Current Land Titles Fees: $110.00 for registration of new mortgage plus $5.00 for each encumbrance that needs to be removed from title (ie. Discharge your existing mortgage)
New Land Titles Fee: $140 for the registration of the new mortgage plus $10.00 for each encumbrance that needs to be removed from title (ie. Discharge your existing mortgage)
Please contact us if you have any questions about Land Titles Fees.
