Buying Expenses

When Buying a Home, Consider The Following:

This is just a list of some of the expenses that will be incurred with your purchase, that you should be aware of:

1.     Deposit at Time of Offer (part of down payment)                                                      $ --------
2.     Property Appraisal Fee (may be required at your expense)                                       ---------
3.     Property Inspection Fee (highly recommended)                                                           ---------
4.     Down Payment (at least 5% with mortgage loan insurance from CMHC)                 ---------
5.     Legal Fees (must be paid upon closing)                                                                           ---------
6.     Legal Disbursements (must be paid upon closing)                                                       ----------
7.     Property Survey / Title insurance                                                                                     ----------
8.     Land Transfer Tax                                                                                                               ----------
9.     Mortgage Loan Insurance  Premium (For < 20% down payment)                              ----------
10.   Adjustment of Prepaid Property Taxes and/or Utility Bill                                            ----------
11.   Home & Garden Implements                                                                                            ----------
12.   Moving Expenses                                                                                                                ----------
13.   Home & Property Insurance                                                                                            ----------
14.   Utility Hook-up (Phone, Hydro, Gas, etc)                                                                         ----------
15.   Re-decorating (Paint, Drapes, Carpet, etc)                                                                      ---------
16.   Appliances (if necessary)                                                                                                   ---------
17.   Other Expenses (sale tax, water test, septic tank inspection, etc.)                            ----------
          TOTAL:                                                                                                              $----------