Buyers' Costs

• Building Inspection Fee: $350 - $500

• Lawyer or Notary Fees and Expenses: $700 - $1200 (includes searching and investigating title, drafting documents, and Land Title Registration fees)

• Survey Certificate (if required): $250 - $400

• Costs of Mortgage: $300 - $500

• Fire Insurance Premium: Varies

• Appraisal Fee: $250 - $350

• Property Transfer Tax: 1% on 1st $200,000, 2% on balance

• Property Tax Adjustment (if seller has prepaid) - Varies

• Strata Fee Adjustment - Varies

• Goods and Services Tax: Applicable on new and commercial properties