Typical Buying Expenses

There are many costs in addition to the price of your home that you will need to consider. The following is a list of some typical home buying expenses that could be applicable:

• Legal Fees & Disbursements
• GST & PST (if applicable)
• Property or Land Transfer Tax
• Adjustments including Interest, Property Taxes, Utility Payments
• Strata Fees
• Survey Fee
• Home Inspection Fee
• Appraisal Fee
• Mortgage Loan Insurance Premium (if less than 25% down)
• Moving Expenses
• Renovations/Repairs
• Service & Utility Hook-up Fees
• Mortgage Application Fee
• Mortgage Registration Fee

Once you have purchased your home, in addition to your mortgage payment, you will incur some regular monthly, quarterly, or yearly payments, including:

• Water/Sewer Payments
• Electricity and Gas Service
• Property Taxes
• Homeowners Insurance
• Strata/Condo Fees
• Cable/Telephone Fees