Costs
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.