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Apr 25, 2023 · Find out your closing costs using our interactive closing cost calculator. Get a full breakdown of what you’ll need to pay in Canada, from land transfer taxes to title insurance.
Lawyer Fees: $ 1,800. Title Insurance: $ 450. Home Inspection Fees: $ 750. Home Appraisal Fees: $ 500. Apply Now.
Find out how much money you'd need to keep aside upon closing your property purchase in Canada. Let RATESDOTCA’s Closing Cost Calculator do the math for you.
Create a more accurate home buying budget by estimating your closing costs — the one-time, upfront expenses you'll pay before receiving the keys.
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The LTT in Ontario is calculated based on the property value and can be substantial, especially for higher-value homes. However, first-time home buyers may qualify for a rebate of up to $4,000 providing a significant reduction in closing costs. The LTT rates are: 0.5% of the first $55,000. 1% on the next $195,000.
Closing costs can run from 1% to 4% of your home purchase price — and they're are on top of your down payment. Calculate yours to avoid ‘mortgage-close shock' for a stress-free process. Here are the approximate amounts for your Closing Costs and how they're paid.
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Closing costs range from 1.5% to 4% of a home’s purchase price. On a $500,000 home, expect $7,500 to $20,000 in fees. Major closing costs include land transfer taxes, legal fees, and title insurance. Costs vary by province and property type.
