Closing costs
Land transfer tax, the lawyer, and the rest.
On closing day
CA$17,011
Land transfer tax
CA$12,475
Cash to close
CA$117,011
Line by line
- Land transfer tax
- CA$12,475
- Lawyer
- CA$1,500
- Title insurance
- CA$300
- Appraisal
- CA$500
- Home inspection
- CA$500
- Property tax adjustment
- CA$0
- Utility adjustments
- CA$0
- PST on mortgage insurance
- CA$1,736
What people usually pay
- LawyerCA$1,500 to CA$2,500
Your real estate lawyer: title search, the paperwork and representing you at closing. At closing.
- Title insuranceCA$300 to CA$500
One-time cover against problems with the property’s title, for as long as you own it. At closing.
- AppraisalCA$300 to CA$500
The lender’s valuation of the home. Usually required for the mortgage. During mortgage approval.
- Home inspectionCA$400 to CA$600
A professional look at the home’s condition before you commit. Before the offer is firm.
- Property tax adjustmentDepends on the home and the date
Paying the seller back for property tax they prepaid past the closing date. At closing.
- Utility adjustmentsDepends on the home and the date
Paying the seller back for utilities they prepaid past the closing date. At closing.
On closing dayCA$17,011