Category Archives: Real Estate

Home Purchase Expenses

Home Inspection Fee = ~$420
Down payment (largest cost) = $48,800
Legal Fees & Disbursements (notary) = ~$1400
Property or Land Transfer Tax (Welcome tax) = $2190
GST and PST (if applicable)
Adjustments (reimbursed to the vendor)
Property Taxes = ~$2100
Utility Payments
Strata or Condominium Fees = $125/month
Estoppel certificate fee
Survey Fee
Water quality and quantity certificate
Appraisal Fee
Mortgage broker’s fee (if applicable)
Mortgage Loan Insurance Premium (if less than 25% down)
Mortgage Loan Insurance Application Fee (if less than 25% down)
Moving Expenses
Renovations and repairs
Furniture, paint, carpeting, window coverings, etc.
Service and Utility Hook-up Fees
Property/Condominium Insurance = ~$25/month
Mortgage Application Fee
Deed and/or Mortgage Registration Fee