Closing DocumentsI'm very fortunate to work with a brokerage that has on-going education for and by Realtors in our office.  I was in one of our classes last week, and the topic of Closing Costs came up.   As we began to discuss this topic, and how we educate our clients with regard to preparing for closing costs, the question of the difference in closing costs from province to province came up. 

For example, here in Alberta, we don't (at least not at the moment) have Land Transfer Tax, which is a considerable expense, and may be quite daunting for the first time home buyer who is struggling just to save up for their down payment. 

I'm interested to know what home buyers and sellers can expect to pay in provices across Canada when finalizing their real estate transactions.  What can you expect where you live?

If you have any questions about living in Calgary Alberta and it's wonderful Lake Communities, or you'd like to view Calgary Homes For Sale, Call Bernice Dubon with Royal LePage Solutions at 403-607-9117 or visit YourHomeInCalgary.com

 
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2 Comments on Closing Costs Across Canada

OCT
27
165,041 Points Outside Blog

Good Article.  We deal with a lot of Canadian buyers of winter vacation homes in Arizona.

It would be interesting to find out what they pay back home for closing costs.  We are not a lawyer state, so that expense is eliminated here.

10:26am • #1
Outside Blog

BC has to either have a lawyer or notary to convey docs.

PTT property transfer tax 1% on the 1st 200K 2% thereafter.

GST on new dev. or housing or business at 5%. Then in July 10 HST comes in to replace GST @ 12% OUCH!

9:58pm • #2

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Bernice Dubon, Calgary Alberta Realtor

Calgary, AB

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Royal LePage Solutions

Address: 16, 11625 Elbow Drive SW, Calgary, AB, T2W 1G8

Office Phone: (403) 252-5900

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