Legal fees, land transfer tax, and title insurance are due on top of your down payment — budget for them upfront.
Budget roughly 1.5–4% of the purchase price beyond your down payment
This range covers legal fees, land transfer tax, title insurance, and other closing-day costs — a real, separate budget line from your down payment.
Understand land transfer tax applies in Ontario
Ontario charges land transfer tax on every purchase — first-time buyers may qualify for a refund, but everyone pays it at closing regardless.
Budget for legal fees separately from land transfer tax
Your real estate lawyer's fee covers the legal transfer and title work — a distinct cost from the tax itself.
Ask your lawyer for a full Statement of Adjustments before closing
This document itemizes every cost due at closing, so you know the real total well before the day itself.
Your real estate lawyer's fee for the legal transfer, title search, and closing process.
Ontario charges this on every purchase — first-time buyers may qualify for a partial refund.
Protects against certain title defects or fraud discovered after closing — typically a one-time cost.
A realistic total range for closing costs beyond your down payment, though the exact figure varies by purchase.
Book a free consultation with Narges to talk through the full cost picture, or ask HAI a question.
