A guide to closing costs and fees associated with buying a house
Lawyer & Title Costs
- Lawyer Fees $1100 - $1400
- Title Insurance $275 - $300
- Land Transfer Fee Tax : Approx. 1% of purchase price. $2000 provincial rebate for first time buyers.
Inspection Costs
- Traditional Home Inspection $400 - $600
- Furnace Inspection $85 - $130
- Pool Inspection $150 - $350
- ESA (Electrical Safety Authority) Certificate - $300
- Septic Inspection $500-$600
- Well Water Portability & Flow Rate – $400-$500
- WETT Inspection (Fireplaces) $125
Other Miscellaneous Fees
- Survey $1,000 - $1,500 (if needed)
- Home Owners Insurance – minimum $1000 per year
- New Account Set up for Utilities - $40 - $60 per utility
***Note all amounts are approximate guides and should be verified by home buyers as costs can vary from transaction to transaction.