In addition to the actual purchase price of your home, there are a number of other expenses to be paid. Nancy will help you determine which of the following list will apply to your home, and what to expect as a total cost.
Deposit $3000 +/- | At time of offer |
CMHC application fee $325 | At time of application |
Bank appraisal fee $250 +/- note: deals referred from Nancy will have this fee waived |
At time of application |
Status Certificate $100 (Condominium purchase only) |
At time of offer |
Property inspection $450 +/- | At inspection |
Property survey/Title insurance Residential: $303.40 + Condominium: $233.20 + |
Closing |
Home & contents insurance | Closing |
Mortgage insurance | Closing |
Mortgage interest adjustment | Closing |
HST | Closing |
Adjustment for heating (fuel, taxes, etc.) | Closing |
Land transfer (see schedule) | Closing |
Legal disbursements $400 +/- | Closing |
Legal fees $700 +/- | Closing |
Down payment (minimum 5% of purchase price) | Closing |