Buying Costs
When buying a home, it is very important to remember that you will have to meet other expenses besides the price of the property. These may include:
- Appraisal fee
- Mortgage insurance application fee (where required)
- Mortgage insurance premium, which can be added to the mortgage amount
- Legal fees and expenses
- Fire insurance premium
- GST, if it is not included in the selling price
Additional expenses:
- Moving expenses
- Any urgent repairs and other unforeseen expenses
- Land Transfer Tax.
For an accurate assessment of the closing costs involved in buying your property, please call Carol Wrigley at 416-443-0300.