Immediate Costs
Land Transfer Tax
Between 0.5% to 2.0% of the purchase price, depending on the purchase price.
CMHC Insurance Fee
(Less Than 25% Downpayment)
Depending on your down payment between 1.25% to 3.75% of the mortgage amount.
CMHC Appraisal & Application Fee
$235
Appraisal Fee
$250-$350
Status Certificate
(Condo)
$100
Home Inspection
$300-$400
Registering The Mortgage
$200
Legal Fees
$500-$700
Disbursements
$600
Adjustments
Taxes / Utilities
Depending on what the seller has prepaid, you might have to credit the seller.
Home Insurance
Yearly or monthly fee that covers replacing the structure of the home and your contents.
Other Costs
Moving expenses, appliances, decorating materials, renovations or repairs, service hook-up fees, window treatments, garden equipment, etc…
© Richard Mais 2008. All rights reserved.
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