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Typical One-Time Expenses

  • Mortgage application and appraisal fee (paid at the time of application)
  • Appraisal fee (paid at inspection)            
  • Property inspection (optional) (paid at closing)
  • Legal fees (paid at closing)
  • Legal disbursements (paid at closing)
  • Deed and/or mortgage registration (paid at closing)
  • Property survey (sometimes provided by seller) (paid at closing)
  • Land Transfer, Deed Tax or PropertyPurchase Tax (in Quebec within3 months following signing) (paid at closing)
  • Mortgage interest adjustment and take over fee (if applicable) (paid at closing)
  • Adjustments for fuel, taxes, etc. (paid at closing)
  • Mortgage insurance (and application fee if applicable) (paid at closing)
  • Home and property insurance (paid at closing and on-going)
  • Connection charges for utilities such as gas, water, and electricity (paid on the date of the move)
  • Moving expenses (paid on the date of the move)