LAWYER’S FEES  

 Approximately $800 - $1,200

TITLE INSURANCE  

 Homes $400,000 or less = Approx. $325
 Homes $780,000 = Approx. $625.00

STATUS CERTIFICATE  

 If purchasing a condominium - $100

LAND TRANSFER TAX  

 0.5 % to 2% - based on purchase price

CMHC FEES  

 If mortgage is high ratio (less than 25% of purchase price down payment) $75-$235 depending on whether appraisal is available from lender (appraisal cost - approx. $175) Negotiate with lender - most will waive this fee

CMHC INSURANCE  

.5% to 2.75%, depending on ratio of value / loan - this can be added to mortgage amount and financed over term of mortgage

P.S.T ON CMHC INSURANCE    PREMIUM  

8% PST applies to CMHC premiums and must be paid on closing (cannot be rolled into the mortgage)

TAX ADVANCE REQUIRED BY     LENDERS ON HIGH RATIO     MORTGAGES   

 May be up to one half year’s tax amount

UP-TO-DATE SURVEY  

Lender may request - approximately $800

PROPERTY INSURANCE  

Your house must be insured in order to get a mortgage

UTILITY HOOK-UP  

Phone, cable, etc. may cost around $200.00

MORTGAGE ADJUSTMENT PERIOD   

 This is the portion of the month following closing, to the end of that month. The bank is entitled to mortgage interest on closing to that point, however, your actual mortgage payments won’t start until one calendar month AFTER closing.

MOVING COSTS  

Varies according to distance and volume.

* This information is provided as a guideline only, Coldwell Banker Rhodes & Company, Brokerage  does not warrant or guarantee accuracy as each transaction may incur different levels and types of fees.