Closing Fees

By
Real Estate Agent with Royal LePage Real Estate Services Ltd.

Closing Fees for a Buyer of a Home in Toronto Depending on the property, closing fees will vary.

Here are some Fixed Costs and Variables Costs when purchasing a Toronto Home.

Provincial Land Transfer Tax -- first time buyers are exempt up to $2000 Toronto Land Transfer Tax. Legal Fees on Closing.

 Moving is a variable cost. Mortgage Insurance (varies pending down payment).

Hook Up Fees (vary pending pre construction vs resale purchase). Construction Levies (only applicable on New Construction, condos/homes).

 HST is applicable on New construction.

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