Home Buying – All Closing Costs and Associated Fees

What It Will Really Cost to Own a Home?

As a quick rule of thumb, any home buyer can expect to pay from 1.5% – 4.0% of the purchase price of their home in closing costs.

Here are a list of expenses and some of them are optional:

Cost of Home
Purchase Price
GST (on new/significantly refurbished homes)

Upfront Costs
Appraisal fee $250 – $400
Down Payment and Deposit
Estoppel certificate fee (for condominium/strata unit)
Home Inspection $300 – $450
Land Transfer Tax
Legal fees and disbursements ($700 – $1200)
Mortgage broker’s fees (Free! o.a.c.)
Mortgage loan insurance premium (can be included in your mortgage)
Prepaid property taxes/utility bills
Property insurance
Survey or certificate of location cost
Title Insurance (do NOT neglect this one!)

Ask us about first time home buyer benefits guide!