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Buying Expense Budget... - Jim Norris RE/MAX Hallmark Realty Group
Jim Norris Broker
  • Jim Norris
  • Broker
  • 613-769-7147
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Buying Expense Budget

  • Purchasing a home involves one-time costs and monthly expenses.
  • The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property.
  • In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for.

Typical One-Time Expenses 


Mortgage Application and Appraisal Fee  At time of application
Appraisal Fee At inspection
Property Inspection (optional)  Closing
Legal Fees  Closing
Legal Disbursements  Closing
Deed and/or mortgage registration Closing
Property Survey (sometimes provided by seller)  Closing
Land Transfer, Deed Tax or PropertyPurchase Tax (in Quebec within3 months following signing)  Closing
Mortgage Interest Adjustment andTake Over Fee (if applicable)  Closing
Adjustments for Fuel, Taxes, etc. Closing
Mortgage Insurance(and application fee if applicable) Closing
Home and Property Insurance  Closing and on-going
Connection charges for utilities such as gas, water and electricity  Date of move
Moving Expenses  Date of move






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