Closing Costs and Ongoing Expenses

Friday Jun 01st, 2018


When working out your budget, consider breaking down your expenses into what you will spend monthly. ALso consider the one-time and ongoing costs associated with the transaction. Closing costs can be anywhere from 1.5-4% of the property value.


One-Time Costs

  • Closing Costs (1.5-4%)
  • Down Payment (5-20%)
  • Deposit (5-10%)
  • Land transfer tax 
  • Movers
  • Furniture
  • Home Inspection

Ongoing Costs

  • Insurance
  • Property Tax
  • Condo Fees
  • Maintenance
  • Utilities
  • Repairs

Post a comment