It’s not just your down payment. Here are the extras to plan for—so nothing sneaks up at closing.
One-Time Closing Costs
Land Transfer Tax (Ontario): Scaled by price; first-time buyers may get a rebate.
Legal Fees + Disbursements: Your lawyer handles title work and closing.
Title Insurance: Protects against certain title-related issues.
Home Inspection: Strongly recommended for peace of mind.
Appraisal (if required by the lender): Confirms value.
CMHC/Insurer Premium (if <20% down): Usually added to the mortgage.
HST (on some new builds): May be partially rebated depending on use.
Moving + Set-Up
Movers, utility hookups, internet, appliance delivery, first grocery haul (don’t underestimate this one).
After You Move
Maintenance, small repairs, paint, window coverings—plus a rainy-day fund for the “didn’t see that coming” moments.
Rule of thumb: Set aside a few percent of the purchase price for closing + move-in extras. Confidence loves a cushion.
👉 Thinking about your next move? Let’s chat mortgages + MLS® today.