Expenses When Purchasing

In addition to the actual purchase price of your home, there are a number of other expenses to be paid. I will help you determine which of the following list will apply to your home, and what to expect as a total cost. 

Deposit approximately 5% of offer At time of offer
CMHC application fee $325 At time of application
Bank appraisal fee $250 +/- (Lender may waive this fee) At time of application
Status Certificate $100 (Condominium purchase only) At time of offer
Property Inspection $500 +/- At inspection
Property Survey/Title Insurance (Residential + Condominium)       Closing
Home & Contents in Insurance Closing
Mortgage Insurance Closing
Mortgage interest adjustment Closing
HST Closing
Adjustment for heating (fuel + taxes etc.) Closing
Land transfer (see schedule) Closing
Legal disbursements $400 +/- Closing
Legal fees $1000 +/- Closing
Down payment (minimum 5% of purchase price) Closing