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Approximate Closing Costs When Buying a Home
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This document will give you an idea of the approximate closing
costs you can expect to have pay when buying a home.
Payable to the Minister of Finance:
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Registering Deed
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$50.00
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Registering Mortgage
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$50.00
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Sheriff s Certificate
per name (usually 6 or 7 names)
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$11.00
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Search Cost: varies with complexity of title.
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Land Transfer Tax: See Chart
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Payable to the City or Township:
(subject to change by municipal government)
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Zoning Compliance: cost varies between cities and townships.
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Tax Certificate
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$20.00
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Gas Inquiry
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$10.00
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Other Charges:
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Postage, photocopies, fax
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$25.00
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Transaction Levy
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$25.00
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Total
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Lawyer's Fees:
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$400.00 - $600.00
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Disbursements:
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approx. $500.00
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* fees and disbursements vary with complexity and are subject to GST
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LAND TRANSFER TAX
(Provincial tax on sale of property, payable by the purchaser)
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House Cost
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Land Transfer Tax
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$50,000.00
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$225.00
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$60,000.00
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$325.00
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$70,000.00
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$425.00
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$80,000.00
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$525.00
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$90,000.00
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$625.00
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$100,000.00
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$725.00
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$110,000.00
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$825.00
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$120,000.00
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$925.00
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$130,000.00
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$1025.00
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$140,000.00
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$1125.00
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House Cost
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Land Transfer Tax
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$150,000.00
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$1225.00
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$160,000.00
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$1325.00
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$170,000.00
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$1425.00
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$180,000.00
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$1525.00
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$190,000.00
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$1625.00
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$200,000.00
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$1725.00
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$210,000.00
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$1825.00
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$220,000.00
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$1925.00
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$230,000.00
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$2025.00
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$240,000.00
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$2125.00
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$250,000.00
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$2225.00
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Mildred Frey
Broker
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Len Frey
Sales Representative
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Wendy Taylor
Broker |
Mary Lou
Murray
Sales Representative |
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- Selling Your Home
- Buying a New Home
- Securing a Mortgage
- Choosing a Home Inspector
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- Relocating to a New Community
- Land and Commercial Sales
- Sale of a Business
- Moving and Storage
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