Luxury Home for Sale

When buying a home, there are additional costs beyond the purchase price which become due on or before the closing date.

 Home Purchase Cost Estimate

Deposit

Amount paid when submitting an offer.
(approx. 5% of asking price)
Deposit will be held in trust, and is considered part of the down payment. The deposit amount will be deducted from the total purchase price.

Mortgage

Mortgage Insurance (CMHC, Genworth):
Required for high ratio mortgages.
(when down payment is less than 20%)

Appraisal Fee (if required):
Often required for conventional mortgages.
$100-$350+HST

Mortgage Life Insurance or Life Insurance

Status Certificate (condominium units only):
$125-$150

Legal

Legal Fees & Disbursements:
$1,200-$1,800

Closing Adjustments:
Expenses seller may have prepaid which need to be reimbursed by the buyer. Includes property tax, fuel, condo fees, rental items, utilities.

Title Insurance (or survey fees if required):
Can protect against fraud, forgery, title defects and survey problems — Strongly Recommended!
$200-$500

Home Inspection Fee

General:
Strongly Recommended!
$350-$500 + HST

Well Water Quality/Septic Inspection:
(if applicable)

Property Insurance

Required for closing date.
$500 and up

Taxes

Land Transfer Tax:
Sliding scale between 0.5%-2.0%
(A portion is refundable to first-time home buyers.)


H.S.T. On the Purchase Price (new homes only*):
* May be included in the purchase price.
* May apply if home is extensively renovated.

Moving

Movers/Storage Costs:
$1000 and up

Connection Fees:
Cable, satellite, Internet and alarms systems installation. Note: Some service & utility companies require a sizable account deposit, if no history.

Miscellaneous:
Appliances, gardening equipment, snow clearing equipment, window treatments, tools, paint.



For illustration purposes only — actual charges and amounts will vary depending on the specific situation.




Google Rating

5      10 reviews


Photo of Wendy Burtch

Wendy Burtch
  February 10, 2025

Laurence’s experience of the real-estate market made our purchase of our beautiful new home a wonderful and smooth transaction. She took the time to explain the entire process and gave professional advice. We highly recommend Laurence to help you find your dream home.

Photo of Leslie Quinsay

Leslie Quinsay
  July 12, 2024

Laurence is wonderful to work with and always goes above and beyond! She has helped us in both the buying and selling processes multiple times. Highly recommend.

Photo of Gail Alteen

Gail Alteen
  May 28, 2024

Just want to say thank you for your hard work and dedication in getting my home sold. You were very organized, professional and honest. It was a pleasure to work with you.

Photo of Clarissa

Clarissa
  May 27, 2024

Laurence is an exceptional real estate agent. She is professional, knowledgeable, and attentive to my needs. I highly recommend her to anyone looking for a great agent. Thank you, Laurence!

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