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Between $7,500 and $20,000
- We recommend you set aside between $7,500 and $20,000 to cover your closing costs in Ontario.
athenalawoffice.com/blog/closing-costs-in-ontario/
Closing costs in Ontario are the essential yet often underestimated expenses involved in purchasing a home. These costs encompass various fees beyond the property’s purchase price, playing a pivotal role in the home-buying journey.
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.
Oct 15, 2024 · Closing costs apply to both home buyers and sellers in Ontario. Typical closing fees range from 1.5% to 4% for buyers and 1% to 3% for sellers. Major buyer costs include land transfer taxes, legal fees, and lender disbursements.
Closing costs are the one-time, up front charges you pay before taking possession of a recently purchased home. They are not included in your mortgage costs.
- CAN-legal@nerdwallet.com
Apr 24, 2024 · Generally speaking, you’ll want to set aside between 3% and 4% of the purchase price for these expenses. So, on a cozy little abode with a price tag of $600,000, you’re looking at shelling out anywhere from $18,000 to $24,000 on closing day.
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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.
