Expenses When Purchasing
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 $350 +/- | 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 |
