Cody Battershill Photo
Cody Battershill

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What costs are associated with buying a house?

What costs are associated with buying a home?

There are several costs to be aware of when you are planning to buy a home. The biggest factor is your down payment ( 5% minimum). After that you have legal fees (typically around $900) and adjustments (cost varies), property insurance (depends on the property), the cost of a home inspection if applicable ($420), the cost of a condominium document review if applicable ($400), appraisal fees if your bank or mortgage company asks for one, GST if your buying a new home (depends on the price and if there is a gst rebate), potential title insurance (discuss with your lawyer). This is a general list and costs can vary. Please contact me for more clarification for your personal circumstances.