10 Home Purchase Closing Costs
Posted by Kent Braaten on
The total cost of buying a house goes beyond just its price. Your Real Estate Agent or Lawyer will be able to tell you exactly how much you’ll have to pay.
LAND TRANSFER TAX | .5-2% of value
When a home changes hands, many provinces and a few municipalities, charge a property transfer tax, or title transfer fee. It can add thousands to your purchase price. (First time home buyers qualify for rebates or exemptions in some provinces)
APPRAISAL FEE | around $500
Your lender may ask you to have a home appraised to confirm its market value. Fees vary depending on a property’s value and complexity.
LEGAL FEES | $500-$800
A lawyer or notary will help protect your interest by reviewing your purchase agreement, searching the property titles, and…
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