LEGAL FEES: These are the costs payable to your lawyer upon closing, they include searching the title of the property, arranging a property survey if necessary and handling other disbursements as required. HST applies to these fees.

TITLE INSURANCE: One time premium, it is a protection against title fraud, title unmarketability, or municipal by-law contraventions of title for various reasons.
It is highly recomended as it provides assurance to the homeowner as well as the lending institution.

ADJUSTMENTS: These are apportioned and allowed to the day of completion, they may include property taxes, utility charges, maintenance fees, or rental charges associated with the property being purchased. A statement of adjustments is provided to the buyer by their lawyer on day of completion.

LAND TRANSFER TAX: Anyone purchasing a property in Ontario, wheather for the first time, for investment, or recreaction is legally obligated to pay this tax. This tax ranges anywhwre from 0.5% - 2%, please refer to the LTT calculator for the exact amount

MORTGAGE INSURANCE AND APPLICATION FEE: It is required by a lender on all high ratio mortgages that are 80% or more of the actual purchase price.

HST (13%): Payable on the purchase price new homes only, rebates are available on 75% of the provincional portion of the HST up to a maximum of $24,000

PROPERTY INSURANCE: This insurance covers the replacement value of your home and its contents. It is required by the lender prior to closing.

HOOKUPS: Most common installations include Telephone, TV cable, Internet, Security Alarm

MOVING COSTS: Renting a Moving Truck or hiring a Moving Company, purchasing or renting storage containers and boxes, arranging for a change of adress with your local post office

EXTRAS: Arranging for change of adress with local post office, opening new or transferring existing accounts with utility companies, this may involve nominal set up or transfer fees