Closing Cost – What Should I Expect!

You should always budget 1.5% of the purchase price of your home.

Which may include but not limited to:

• Land Transfer Tax for Province of Ontario

• Real Estate Lawyer Fees, plus lawyer's disbursements

• GST/HST (if applicable)

• Registration of Mortgage

• Registration of Transfer

• Property Tax Adjustment

• Interest Adjustment

• PST of Mortgage Insurance (if applicable)

Additional Costs (but not limited to):Inspection on a septic system, home inspection, wet certification, property and fire insurance, appraisal, Title Search fees, moving expenses. All these costs have the potential of not being included in your mortgage. You would require your down payment and the above noted (but not limited to) closing costs. I am happy to discuss what the approx. cost is once you have decided on the home you will be purchasing.