Closing Costs 101
Posted by Greg Dewar on
You’ve saved enough money for your down payment and have been preapproved for a mortgage but now what? Before you go ahead and purchase your dream house, you need to be aware of the hidden closing costs in Ontario which could impact your home buying budget. Having enough money to cover all the closing costs and hidden fees you might not have considered will make for a smooth closing with no surprises.
Typical Closing Costs in Ontario:
- Home Inspection – If the home you’re purchasing isn’t brand new, a home inspection fee will cost around $500. The home inspector goes through each room of the house to evaluate the structures and its condition. You’ll get a written report with the findings and what the costs to any repairs would be when the…
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