Buyer’s Estimated Expenses
l Property Selling price $__________
l GST (on services – legal, brokerage) $__________
l GST on net NEW PROPERTY VALUE $__________
l Property Transfer Tax $__________
1% to $200,000 & 2% on balance
l Mortgage Insurance (GE or CMHC) $__________
– Application fee & policy fee into mortgage total
l Appraisal Fee (lender req’mt) $__________
l Survey Fee (lender req’mt)
Or Title Insurance in lieu of Survey $__________
l Legal fees (buyer title and mortgage) $__________
l House insurance (@ conveyance date) $__________
l Closing adjustments to P/Tax & Utilities $__________
l Other (eg) Loan interest adjustment / brokerage $__________
OPTIONAL FEES / your discretion
l House Inspection fee – pre purchase $__________
l Legal advise fees (ILA) – pre purchase $__________