Closing Fees for a Buyer of a Home in Toronto Depending on the property, closing fees will vary.
Here are some Fixed Costs and Variables Costs when purchasing a Toronto Home.
Provincial Land Transfer Tax -- first time buyers are exempt up to $2000 Toronto Land Transfer Tax. Legal Fees on Closing.
Moving is a variable cost. Mortgage Insurance (varies pending down payment).
Hook Up Fees (vary pending pre construction vs resale purchase). Construction Levies (only applicable on New Construction, condos/homes).
HST is applicable on New construction.
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