Effective April 1, 2011, Land Titles fees will increase. The cost for a copy of title will go from $5.00 to $10.00. Base fees for registering a transfer will go from $35.00 to $50.00. The base fee for registering a mortgage will go from $15.00 to $50.00. (Remember that in addition to the base fee LTO also charges an additional percentage fee for registering transfers and mortgages. The percentage works out to $1.00 per $5,000.00 of the property value and the mortgage amount. That remains the same.)
Other government fees are also going up effective April 1, 2011. For example, the fee to register a corporation will go from $100.00 to $250.00. So if you are planning to incorporate your real estate business anyway, you should call us so it can be done before April 1.
The new Land Titles fees will increase the cost of a purchase with a new mortgage by $60.00.
-Bill Fric