It’s very important to have an idea of closing costs associated with buying a home
Expense you need to know
When planning to swim in unknown waters it’s hard to know the do's and don’ts, so is the first time buying a property, when budgeting for cost related to purchase, a lot will add up quickly in addition to your down payment, expense like, Home inspection, land transfer tax, legal or solicitor’s fess, movers, matching furniture, home warming celebrations and not to mention trips you make.
The cost will vary on your circumstances but you should spare about 2% to 2.5% of your property purchase price when you pay 10% in down, use Canadian land transfer tax calculator to get a fare idea
Land Transfer Tax Calculator
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