Purchase with Mortgage
You are buying a property (new or resale) and will be borrowing funds through a mortgage for the purchase property (condominium, townhouse, or detached house).
Have you been referred by a preferred partner? (Your realtor/broker provided JKB Law to you)
Are you a first time home buyer? (as defined by the Government of Canada)
This is an estimate and we do our best to come up with the most accurate estimate possible. Depending on your lender, you may be required to pay for title insurance. If so, there is an additional cost of approximately $200-400 (depends on the purchase price). You can get a quote for title insurance by following this external link to Stewart Title, which is one of the major title insurers https://www.stepsonline.ca/quote/calculatorview. This fee does not include any additional titles (for example if there is a titled parking spot or storage unit). We charge third-party costs (courier, land title fees, etc), known as disbursements, at cost. There are no markups, and the actual costs of couriers can vary depending on the distance and type of service. Our estimate is based on average costs. The actual final costs will be billed after possession and may be lower or higher than this estimate. Please note that there is a $300 surcharge each for additional work required for bridge financing, third-party (Computershare) mortgages that have extra requirements for the solicitor than standard lenders, builder new condominium purchases, and short notice transactions where instructions are received less than 5 business days before closing. There is a $100 surcharge for multiple/separate signing appointments and remote/video signings due to the additional requirements by the Law Society of Alberta to complete the same. Please note that Alberta Land Title Office has announced an increase in land title fees effective October 20, 2024, and the calculator has not been updated yet to reflect this increase.
Our legal fees include standard conveyancing (receive realtor/mortgage instructions, preparing documents, meeting with you to sign paperwork, receive/distribute funds, and complete any steps required for the lender). This standard fee does include any disputes regarding the purchase contract, or anything outside the scope of the steps required for a standard purchase deal with a mortgage.
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