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Yes, in Ontario, it is mandatory to have a lawyer handle the legal aspects of a real estate transaction. They ensure the proper transfer of title, review contracts, and handle funds.

Title insurance protects you from potential issues related to the title of your property, such as fraud, errors in public records, and disputes over property boundaries. While not mandatory, it is highly recommended in Ontario to safeguard against unforeseen legal issues

A status certificate is a document provided by the condominium corporation that contains vital information about the unit and the condominium corporation. It includes details on the unit's financial status, any legal issues, and the condominium's reserve fund. It’s essential for assessing the financial health and management of the condominium.

Land transfer tax is a tax payable to the provincial government upon the purchase of a property in Ontario. It is calculated based on the purchase price of the property and must be paid when the transfer of ownership is registered.

A home inspection is an assessment of a property’s condition, including its structure, systems, and components, conducted by a certified home inspector. It’s highly recommended to get a home inspection before finalizing a purchase to identify any potential issues or repairs needed.

A real estate lawyer in Ontario handles several key tasks, including:

• Reviewing and preparing legal documents (e.g., Agreement of Purchase and Sale).

• Conducting a title search.

• Ensuring the transfer of title.

• Managing closing funds.

• Registering the property transfer/mortgage etc.