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 |