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Has The Toronto Bubble Finally, Popped?

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Understanding the Shift Toward Digital-First Agents

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Do I Need A Lawyer to Sell My Home in Toronto?

Yes, in Ontario, you must hire a real estate lawyer to finalize the sale of your Toronto home and ensure that all legal, financial, and title matters are appropriately handled.

Selling property in Toronto requires a lawyer because real estate transactions involve legal contracts, financial transfers, and registration of title. Your lawyer will review the Agreement of Purchase and Sale, ensure conditions are satisfied, manage mortgage discharge or payout, and handle closing-day funds. They also confirm that property taxes are up to date, utilities are adjusted, and legal documents are correctly registered.

Why Do You Need A Lawyer In Toronto

  • Legal Requirement: In Ontario, only lawyers are authorized to register the transfer of property and ensure a clear title for the buyer.
  • Financial Protection: A lawyer holds funds in trust, pays out your mortgage, commissions, and closing costs, then transfers net proceeds to you.
  • Contract Review: They make sure the terms in your Agreement of Purchase and Sale are accurate and protect your interests.
  • Problem Solving: If issues arise with title searches, liens, or buyer financing, your lawyer resolves them before closing.

Fox Marin’s Perspective

With average downtown condos selling for around $700,000 and detached homes exceeding $1.5 million (TRREB, 2025), sellers cannot afford mistakes at closing. The Fox Marin Real Estate Team works closely with top Toronto real estate lawyers to provide a seamless process for our clients. From reviewing paperwork to ensuring mortgage discharges are complete, this partnership protects your financial outcome and peace of mind.

Key takeaway: In Ontario, a real estate lawyer is mandatory when selling your home, ensuring that contracts, funds, and title transfers are completed legally and safely.

 


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