| | You should be prepared for the many costs associated with the purchase of a home. Some of the more common costs, which vary by province, include:
- LEGAL FEES
- FEES FOR THE REGISTRATION OF YOUR DEED AND MORTGAGE
- MORTGAGE PROCESSING FEES
- MORTGAGE INSURANCE AND APPLICATION FEE (if you have a high ratio mortgage)
- HOME, FIRE, MORTGAGE LIFE AND DISABILITY INSURANCE
- GST (on only newly constructed homes)
- ADJUSTMENTS FOR PROPERTY TAXES AND/OR UTILITY COSTS ALREADY PAID BY THE EXISTING OWNER
- CONNECTION CHARGES FOR UTILITIES SUCH AS GAS, ELECTRICITY AND WATER
- PROVINCIAL TAXES (B.C. ONLY)
- LAND TRANSFER TAX
- LAND SURVEY FEE
- HOME INSPECTION (if desired)
- MOVING EXPENSES
- APPLIANCES, FURNITURE, DRAPERIES AND GARDENING EQUIPMENT
- LANDSCAPING
- DECORATING
- REPAIRS
If you have any questions regarding estimates of these costs, Brian can provide you with the required information. Back to First Time Buyer Home Page |