Has The Toronto Bubble Finally, Popped?
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.
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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