Buying

What extra expenses can I expect to encounter?

These costs vary. There are a number of common extra expenses.

• Land transfer tax (a sales tax on property)
• Mortgage broker's fee (as much as one per cent on the principal)
• Appraisal fee
• Surveying costs
• Mortgage Insurance premiums
• Mortgage rate adjustment (in case mortgage rates rise)
• Reimbursement to seller of any unused portion of prepaid property taxes or utility bills
• Legal fees
• Realtor fees

See our COSTS WORKSHEET to work out expenses in detail.

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