Closing Costs

Closing costs need to be budgeted for in addition to your down payment.  

Appraisal Fee

A cost that may be required by your financial institution to determine the value of your home.

Home Inspection

Is a report by a Professional Home Inspector of the condition of your home and generally ranges - 400-900.00.

Legal Fees

Are fees payable to your Lawyer for services rendered.

Mortgage Insurance

A cost associated with mortgages with less than 20% down payment. The cost of the premium is usually added to your mortgage and is based on the amount of your down payment.

Property / Home Insurance

This insurance covers the replacement value of your home and it's contents.  All lenders will require proof  of insurance prior to taking possession.

Land Transfer Tax

This tax is payable based on the value of the transaction.


Is payable on all new home purchases.

Other Costs

Some other expenses to consider

  • Appliances
  • Outdoor equipment
  • Re-decorating
  • Internet service
  • Moving expenses