Closing Costs for Purchaser

Lawyer / Notary Fee:

approximately $600 - $1,200 including searching the title, investigating the title, preparing legal and mortgage documents, Land Title registration, and service fee.

Home Inspection Fee:

approximately $250 - $500 depending the size and the age of the subject property.

Survey Certificate (if necessary) Fee:

approximately $300 - $350


Mortgage Processing fee:

approximately $85 - $125 (if applicable)

CMHC Loan Insurance Fee:

If you are putting less than 20% down payment, you will be required to purchase CMHC (Canadian Mortgage & Home Corporation) loan insurance.

Appraisal Fee:  (required by the bank & mortgage broker)

approximately $150 - $200


GST is 5% of purchase price and is charged in cases where the property is new, substantially renovated or bare land. 

Property Transfer Tax:

Buyer is aware the Property Transfer Tax is calculated as 1% of the first $200,000 plus 2% up to $2,000,000 and 3% of the balance of the purchase price above and is payable by the Buyer on Completion. Buyer has been advised to seek independent legal and accounting advice in relation to any rebates or exemptions on this tax, or contact the Provincial Government at or 250 387-0604.

 Cost of Hiring Movers:

Anywhere between $400 - $2,000 (the cost could be higher for larger houses)

Personal content & fire insurance premium (varies).


Closing Costs Worksheet

  Click Below to download a copy