Closing Costs

Contact Ryan Taylor at (604) 551-0401 or [email protected] for a complimentary BUYER'S PACKAGE


There are many costs that buyers must pay. Buyers should always consider these costs when deciding to purchase. This will ensure transactions flow smoothly and that the buyer has the sufficient funds to complete the purchase. Most expenses are a one-time costs. However, there could also be continuing costs that buyers will have to bear. 

The largest cost borne by a buyer will be the down payment. Typically, buyers will make a down payment between 5 - 20% of the purchase price. 

Buyers should be also be ready to pay the following costs (applicable costs vary with the type of property being purchased): 


  • Legal Fees & Disbursements
  • GST and PST (if applicable)
  • Property or Land Transfer Tax
  • Adjustments (reimbursed to the vendor)
  • Interest
  • Property Taxes
  • Utility Payments
  • Strata or Condominium Fees
  • Survey Fee
  • Home Inspection Fee
  • Appraisal Fee
  • Mortgage broker's fee (if applicable)
  • Mortgage Loan Insurance Premium (if only 5% down)
  • Mortgage Loan Insurance Application Fee (if only 5% down)
  • Moving Expenses
  • Renovations and repairs
  • Furniture, paint, carpeting, window coverings, etc.
  • Service and Utility Hook-up Fees
  • Property/Condominium Insurance
  • Mortgage Application Fee
  • Deed and/or Mortgage Registration Fee


  • Mortgage Payment
  • Water and/or Sewer Payments
  • Electricity and Gas Services
  • Cable and Telephone Services
  • Property Taxes
  • Strata or Condo Fees
  • Repair/maintenance Expenses
  • Homeowner s Insurance