We saw Chris's Signs with sold stickers in our area. Chris did a good job helping us sell out condo. He recommended a price drop when he though it was necessary. He also got is 2 offers! We would use Chris again and we will, and have, recommended him to our friends.
Mr. Ince & Ms. Horsman
Determining What Can You Afford
- Before You Move
- Choosing A Neighbourhood
- Closing The Deal
- Classifieds Terms
- What Can You Afford
- Home Inspection
- Buyers Glossary
- Home Owner's Insurance
- Retirement Living
- Making an Offer
- Land Transfer Taxes
- Pre-Approved Mortgages
- Rental Units Ease $$ Burden
- Moving Tips
- Having Good Credit
- Major Elements of an Offer
- Title Insurance
- Types of Home Ownership
- Viewing an Open House
Purchasing a home involves one-time costs and monthly expenses.
The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property.
In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for. These are listed below:
Typical One-Time Expenses| EXPENSE | PAID |
| Mortgage Application and Appraisal Fee | At time of application |
| Appraisal Fee | At inspection |
| Property Inspection (optional) | Closing |
| Legal Fees | Closing |
| Legal Disbursements | Closing |
| Deed and/or mortgage registration | Closing |
| Property Survey (sometimes provided by seller) | Closing |
| Land Transfer, Deed Tax or Property Purchase Tax (in Quebec within 3 months following signing) | Closing |
| Mortgage Interest Adjustment and Take Over Fee (if applicable) | Closing |
| Adjustments for Fuel, Taxes, etc. | Closing |
| Mortgage Insurance (and application fee if applicable) | Closing |
| Home and Property Insurance | Closing and on-going |
| Connection charges for utilities such as gas, water and electricity | Date of move |
| Moving Expenses | Date of move |
Other costs may include landscaping, redecorating, furnishings, appliances and repairs.
Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.