- Phone: 1.778.688.4444
- Email: michael@thinkmichael.ca
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 |
