Closing costs are the fees you pay at the closing of a real estate transaction and can range from 1.5-4% of the purchase price.

In addition to the closing costs mentioned below, there may be other expenses, fees or events that may require budgeting for when your house closes. 

Some examples of closing cost would be:
  • The PST on mortgage insurance
  • Appraisal costs
  • Home inspection
  • Moving costs
  • Legal fees