Connect your expertise to City of Toronto closing costs, condo records and a first rental.
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A purchase inside the City of Toronto can attract municipal land transfer tax in addition to Ontario’s tax. Toronto updated high-value residential rates in April 2026. Buyers should have a lawyer calculate the applicable taxes and review any rebate eligibility for their circumstances.
An Ontario resale condo’s status certificate contains information about the unit and corporation, including governing documents and reserve-fund information. For a downtown or North York purchase, an agent can obtain the package and arrange time for a lawyer to examine obligations and concerns.
Ontario requires its standard lease for most private residential tenancies, including many rented condos. A Toronto owner should also check the corporation’s rules. A property manager can organize the agreement and building requirements before occupancy; unusual clauses need appropriate legal advice.
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