When the time comes and you finally Sell or Buy your home, there are additional costs associated with the transaction which most are shown below:

SELLERS


• Lawyer’s fees
• Mortgage discharge or transfer fees, if applicable.
• Moving Cost
• Realtor’s commission
• Capital Gains Tax (only for Investment properties)

BUYERS


• Lawyer’s fees
• Land Transfer Taxes (click for calculator)
• Title Insurance
• Mortgage Administration and Appraisal fees, if applicable.
• CMHC Mortgage Insurance, if applicable.
• Home Inspection, if required.
• Moving Costs
• Realtor Commission (Very rare, depending on agreement)
• GST - please note that there is NO GST on resale residential homes/condos.

No two real estate transactions are similar so you may see alternate or additional costs not listed above.