Do you want content like this delivered to your inbox?

Be Prepared for Closing Costs

Buying a home is a very exciting time in someone’s life. It is important to keep your spirits and the excitement up during the transaction. This will help you get through the stressful times ahead while you prepare to take ownership of your new home! Therefore, it is also important to be informed and prepared to help reduce unexpected financial stress.

Typical closing costs for buyers include:

  • Home Inspection - $500-$700 – Depending on where the property is located and where the inspection company that you choose is located you may be paying closer to the $700 range for travel time. Additional inspections you could get for your property would be a septic/sewer inspection or a water quality inspection.
  • Appraisal - $300-$500 – Sometimes the lender you are using will require an appraisal to be done on the property to get an up to date accurate market evaluation.
  • Legal Fees - $1,000-$1,500 – A real estate lawyer will help you facilitate the legal transaction of the purchase. The entire fee will include the legal fee, disbursements and any miscellaneous fees.
  • Adjustment Costs - $300-$500 – In some cases the seller will prepay the property taxes or utility payments. When this happens, you will have to reimburse the seller for those costs.
  • Property Insurance - $900 -$1400 – House dependant. Most mortgage lenders will require proof of insurance.

Costs that are typically paid by the seller:

  • Title Insurance - $300-$400 – Title insurance will typically cover costs pertaining to compliance with zoning bylaws and that there are no encroachments upon the land or onto adjoining lands.
  • Property Survey - $600-$700 – Most times the mortgage lender will require a real property report(RPR) for closing. The RPR of the land will inform you of any boundary issues and any location improvements on the property.

The items listed above are to give you an estimated value of what you can be expecting for your closing costs. Check with your realtor on their view of closing costs base on your situation.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info

Terms of Use

This website is operated by Travis Hawryluk, a Salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Travis Hawryluk, and CREA.


The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.


REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer

The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.


Travis Hawryluk may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.