Please note that the following is only a guideline. The lawyer/conveyancer will be able to provide you with the actual closing costs when instructions and information from 3rd parties are gathered:

1. Land Transfer Tax- 1% On the First $200,000 & 2% On the Balance

2. GST 5% of Sale Price can be applicable on some New Home Purchases, Raw Land Purchases, Business Purchases

3. Home Inspection – Can be $500 or more.

4. Bank Appraisal fees

5. Lawyer / Notary Conveyancing fees can be $1000.00 or more.

6. Home Insurance fees.

7. Adjustments for Property Taxes fees

8. Strata fees.

9. Moving fees.

10. Mortgage Insurance fees.