Estimated Upfront Costs

Appraisal (Usually $275-375)

Inspection (Usually $375-500)

Well or Septic Inspection (rural)

Status Certificate (Usually $100)

Deposit(s) to Vendor

Deposit(s) to Utilities (Gas, Hydro, Water, Cable) – sometimes they charge a connection fee

Property insurance

Total (Sum of above items)

Estimated Closing Costs (Paid to lawyer)

Down Payment (RRSPs, Savings)

PST on CMHC insurance (high ratio mortgages)

Ontario Land Transfer Tax Less Rebates

Municipal Land Transfer Tax Less Rebates

Legal Fees and Disbursements

Title Insurance

Lenders Fees (usually on B mortgages)

Property Taxes - Prepaid to lender on closing

Property Taxes – Vendor portion (prorated)

Condo Fees – Vender portion (prorated)

GST/HST (sometimes included in new home contracts)

Other

Total (Sum of above items)

Estimated Additional Costs

Appliances not included in agreement.

Drapes and Blinds not included in agreement

Moving Expenses

Renovations and Repairs

Security System Monitoring Fees

Driveway (new home contract)

Tree Planting (new home contract)

Water and Hydro Meter Purchase (new home contract)

Warranty program enrolment (new home contract)

Other

Total (Sum of above items)