Typical Buying Expenses

Here are some of the costs in addition to the price of your home that you will need to consider. The following is a list of some typical home buying expenses that could be applicable, but every purchase will be unique:

  • GST & PST (if applicable)
  • Property Land Transfer Tax
  • Adjustments including Interest, Property Taxes, Utility Payments
  • Strata Fees
  • Survey Fee
  • Home Inspection Fee
  • Appraisal Fee
  • Mortgage Loan Insurance Premium (if less than 25% down)
  • Moving Expenses
  • Renovations/Repairs
  • Service & Utility Hook-up Fees
  • Mortgage Application Fee
  • Mortgage Registration Fee

Once you have purchased your home, in addition to your mortgage payment, you will incur some regular monthly, quarterly, or yearly payments, including:

  • Water/Sewer Payments
  • Electricity and Gas Service
  • Property Taxes
  • Homeowners Insurance
  • Strata/Condo Fees
  • Cable/Telephone Fees

When choosing a real estate agent to help you find and buy your next home, it is important to choose someone who will work with you, and for you. We really do love our job and nothing makes us happier then helping our client’s dreams come true. Contact us with any questions you may have.