CITY HOMES AND CONDOS
HOME
March 18th, 2010 
Fania Belaoussoff
Broker

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TYPICAL TRANSACTION COSTS OF BUYING A HOME:

  • Insurance (Fire) (cost depends on home type and condition)
  • Home Inspection ($350+)
  • Land Titles Insurance ($300+)
  • Legal Fees ($1200+)
  • Mortgage fees (costs depend on financial institution)
  • Mortgage Insurance if under 20% (residential)
  • Adjustments - on a pro rata basis (taxes, fuel, interest, water, etc)
  • Moving and set-up costs.
PLEASE NOTE, that the deposit for a home is usually in the 5% to 10% range and due within 24 hours after acceptance of the Agreement of Purchase and Sale.



* Check with your solicitor for a complete list.

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