Welcome to the first edition of Realty Check — our newsletter for real estate professionals looking to learn more about the legal side of real estate. You can expect a quick monthly check-in with valuable insights, resources, and tips straight from our legal team. From the founders Welcome to the first edition of Realty Check — our newsletter for real estate professionals looking to learn more about the legal side of real estate. You can expect a quick monthly check-in with valuable insights, resources, and tips straight from our legal team.  Have you ever wished you had a lawyer in your back pocket? That’s exactly what this newsletter is for. We’re here to unpack real estate trends and topics, with particular focus on legal, no jargon, just clear, helpful info. Think of it like grabbing a coffee with your lawyer friend every month. Got suggestions or topics you'd love us to cover? We’re all ears — let us know how we can make this newsletter even better for you. All the best, display:block; object-fit: cover;" alt="Joel Fox"> Joel Fox COO Legal corner: Q&A: Land Transfer Tax (LTT) We get a lot of questions about LTT and we’re sure you do too. For a good overview of the tax and its nuances, check out our LTT page here. For a quick reference, these are some of the most common questions our clients have about LTT. No more guesswork — you’ll have clear answers on LTT next time your clients ask. Q: Are first-time homebuyers exempt from LTT? A: Not entirely. As a first-time homebuyer, you’re eligible for a rebate, but not a full exemption. In Ontario, the maximum rebate is $4000. This will be applied immediately —no waiting to receive the credit. Q: Can I pay my LTT later or in multiple payments? A: Unfortunately not. You must pay the full LTT on or before closing. Q: Can I still get the Land Transfer Tax Rebate if I'm not going to live at the property as my principal residence? No, you must live at the property as your primary residence to qualify for the LTT rebate. Market snapshot With sales volumes down sharply and inventory climbing to decade-high levels, we’re seeing more conditional offers and extended negotiation timelines re-emerge. This environment makes it especially important to clarify conditions related to financing, home inspections, and even delayed closings. All of this puts added pressure on airtight APS drafting from the outset. Client spotlight Real people. Real results. Here’s what some recent clients had to say about working with us. J Jayden C. “What an amazing platform! As someone who has interacted with traditional law firms before, Ownright blew them out of the water in terms of efficiency, straightforward processes, and easy-to-understand procedures. Will use again, and would definitely recommend!” Z Zoë L. We moved in last week and my husband and I will continue to use Ownright for EVERY property sale/purchase we will ever make. As younger buyers, we felt like we were fully explained the process but also respected throughout. With Ownright as your lawyer, you will not only save money on your real estate deal, but also your sanity!! They were the best part of our moving process. We <3 Ownright!!! The Ownright advantage Have a client in need of a real estate lawyer? We'd love to support them. Refer a client now About Us Contact Us Privacy Policy Ownright Inc. 545 King Street West, Toronto, ON M5V 1M1