Summary of closing costs
To estimate the closing costs for completion of your transaction,
it will be a combination of the following items. This covers the
majority of cases, but individual transactions may have others types
of expenses.
- Land Transfer Tax (LTX)
- Tarion (Ontario New Home Warranty) Fee
- Water meter connection
- Hydro meter connection
- Boulevard tree planting
- Driveway paving
- Fence installation
- Subdivision damage deposit
- Survey costs
- Educational development charge
- Condo reserve fund
- Law Society Transaction Levy
- Goods and Services Tax (GST)
- Legal fees and disbursements
- Mortgage application fee
- Mortgage appraisal fee
- Mortgage insurance
Please note this is only a summary, designed to provide a general idea
of some of the more common charges that are required to complete your
transaction.