When you’re going over your home buying budget, it’s vital that you set aside an additional two to five per cent of your home’s price to pay for closing costs.

Closing costs are the costs associated with buying a new home, and these are costs that usually need to be paid upfront. They can include:

–   Extra fees

–   Utility transfers

–   HST on new homes/condos

–   Toronto Land Transfer Tax

–   Provincial Land Transfer Tax

–   Professional Movers

–   Property Insurance

–   Legal Fees

–   Home Insurance

–   Title Insurance

–   Land Survey

–   Misc

If you have any questions about closing costs please feel free to contact us.

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Toronto-based real estate professional who creates and curates relevant online real estate content to help busy people stay informed.