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Closing Costs & Associated Fees When Buying A House

How much will buying a home cost according to the Canada Mortgage and Housing Corp?

Cost Of Home

• Purchase price
• GST ( on new/significantly refurbished homes.)

Upfront Costs

• Appraisal fee
• Down payment  Deposit
• Home inspection fee
• Land registration fee
• Legal fees and disbursements
• Mortgage broker fees
• Mortgage loan insurance premium for mortgages with less than 20% down ( can be added to mortgage.)
• Prepaid property taxes/utility bills
• Property insurance
• Title  insurance

Please not all costs are always applicable.

This entry was posted on Saturday, July 18th, 2009 at 5:16 pm and is filed under The World Of Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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