Get the Andre Advantage
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).
