When you buy a home, you will be asked for a down payment, usually between 5 and 25% of the total price of the property. You might also have a number of other fees and expenses to pay.

Some of the most common expenses are listed below. These expenses may vary, depending on your area:

At time of application: Mortgage application and appraisal fee, House inspection.

At time of Closing: Legal fees, Legal disbursements, Deed and/or mortgage, registration Property survey (sometimes provided by the seller), Land Transfer Taxes, by province Property tax adjustments, Fuel adjustments, Mortgage Title insurance, Moving Costs.

We will calculate fees you may incur in closing the home so that you know exactly what you will be paying. Having unexpected expenses when moving is something you’ll want to avoid.

Purchasing a home involves one-time costs and monthly expenses.

The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property.

In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for. These are listed below:

Mortgage Application and Appraisal Fee At time of application
Appraisal Fee At inspection
Property Inspection (optional) At inspection
Legal Fees Closing
Legal Disbursements Closing
Deed and/or mortgage registration Closing
Property Survey (sometimes provided by seller) When completed
Land Transfer, Deed Tax or Property Purchase Tax (in Quebec within 3 months following signing) Closing
Adjustments for Fuel, Taxes, etc. Closing
Mortgage Insurance (and application fee if applicable) Closing
Home and Property Insuranc Closing and ongoing
Connection charges for utilities such as gas, water and electricity Date of move
Moving Expenses Date of move


Other costs may include:

  • landscaping
  • redecorating
  • furnishings
  • appliances repairs

Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.