What costs are associated with purchasing a home?

When you buy a home, you will be asked for a down payment, usually between 5 and 25% of the total price of the property. You might also have a number of other fees and expenses to pay.What costs are associated with purchasing a home?

Some of the most common expenses are listed below. These expenses may vary, depending on your area:

Expense Paid
Mortgage application and appraisal fee At time of application
House inspection (optional) At time of application
Legal fees Closing
Legal disbursements Closing
Deed and/or mortgage registration Closing
Property survey (sometimes provided by the seller) Closing
Land Transfer Taxes by province Closing
Property tax adjustments Closing
Fuel adjustments Closing
Mortgage insurance Closing
Title insurance Closing

For additional information on these costs, contact us.

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