10/14/2026
Buying your first home? The purchase price is just the beginning! 🏡🇨🇦 Closing costs typically add another 1.5% to 4% to your total bill. Here are 5 hidden costs you need to budget for:
1️⃣ Land Transfer Tax: Ontario first-time buyers might qualify for a rebate of up to $4,000, but you still need to plan for the tax!
2️⃣ Legal Fees: Set aside $1,500–$2,500 for your lawyer, title search, and closing paperwork.
3️⃣ Inspection & Appraisal: Expect to pay $700–$1,200 for a home inspection and lender-needed appraisal.
4️⃣ Insurance & Adjustments: Budget $500–$2,000 for home insurance, property tax adjustments, and utility setups before closing.
5️⃣ Moving & Setup: Don't forget the $1,000–$5,000 needed for movers, furniture, appliances, and getting settled after closing. Plan smarter before you buy so there are no surprises. Swipe to save this checklist and let's connect to start your home-buying journey in Ontario! 📞 +1 (416) 884-8888
✉️ [email protected]
📍 5865 McLaughlin Road, Unit 6, Mississauga, ON
