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.
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 |
|
