Mortgage Glossary

Closing Costs

When you are considering buying a house, you will need to have additional funds set aside for closing costs. These costs can add up to a substantial amount.

The following is a list of the most common costs, with an indication of prices. Costs vary greatly across the country, so check with a BC Mortgages broker to learn what the costs will be in the area where you are intending to purchase.

APPLIANCES $0 to $ thousands
APPRAISAL $150 - $250
BUILDING INSPECTION $300 - $500
GST (Goods & Services Tax) $0 to $ thousands
HOUSE INSURANCE $150 - $650
LAND TRANSFER TAX $0 to $ thousands
LEGAL FEES $350 - $2,500
MORTGAGE BROKER FEES $0 to $ thousands
MOVING EXPENSES $200 - $ thousands
PROPERTY TAX ADJUSTMENT $0 to $ thousands
PROPERTY TRANSFER TAX $0 to $ thousands
REALTOR FEES $0 to $ thousands
RENOVATIONS $0 to $ thousands
SURVEY CERTIFICATE $250 - $750
TITLE INSURANCE $200
UTILITY CONNECTIONS $150 - $250

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