Calculating Your Costs
Below is a list of extra costs involved in buying a home. Not all of these costs will apply in all circumstances. This is provided as a guideline as amounts vary from transaction to transaction.
Legal/Related Fees:
Lawyer Fees $600 - $900
Legal Disbursements $600 - $800
Prepaid Taxes or Utility Bills To be determined
Land Transfer Tax See Chart
Title Insurance $270
Financial Fees:
Appraisal Fee $150 - $250
Bank Application Fee $150 - $250
CMHC Application Fee $75 to $235
Mortgage Broker’s Fee (if applicable) To be determined
Inspection Costs:
Home Inspection Fee $400
Status Certificate (Condo only) $100
Water Quantity and Quality Certificate $50 - $100
Miscellaneous Expenses:
Moving Costs $500 - $5000
Service Charges for utility hook-up To be determined
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Land Transfer Tax Calculations |
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Property Value |
Calculation
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Under $55,000 |
$5.00 per $1,000 |
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$55,000 to $250,000 |
$10.00 per $1,000 less $275 |
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$250,000 to $400,000 |
$15.00 per $1,000 less $1525 |
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Over $400,000 |
$20.00 per $1,000 less $3,525 |