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Sample Closing Costs

HOUSE PRICE: $350,000

Lawyers fees for services rendered
In connection with the transaction
And first mortgage (Plus GST)



$650.00 (approx)

DISBURSEMENTS:

Provincial Land Transfer Tax

$3,725.00

Toronto Land Transfer Tax

$3,225.00

Register Deed

$70.70

Register Mortgage

$70.70

Water Certificate

$25.00

Tax Certificate

$65.00

Zoning Certificate

$100.00

Search of Title

$120.00

Executions

$22.00

Couriers, Postage + other soft costs

$ 250.00

Total Disbursements + Legal Fees
$8,323.40

Plus GST (5%)

$ 36.17

Only on disbursements

TOTAL FEES AND DISBURSEMENTS
$8,359.57

Land transfer tax is based on a purchase price of $350,000. Please note that these figures are only a sample! They will fluctuate with each particular property.

*Title insurance is extra if required.

**First time buyers may be eligible for a rebate of the City of Toronto Land Transfer Tax (up to $3,725) and a rebate of the Provincial Land Transfer Tax (up to $2,000).

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