There are costs that homebuyers incur, especially when purchasing your first home that you should expect to pay. Some of the expenses related to buying a home are one-time costs, while others are continuing costs.
Your largest cost will be your down payment. As a first time buyer, this would likely represent only 5 - 10% of the purchase price. However, you should be prepared to pay for additional costs, such as:
- Legal Fees & Disbursements
- GST, PST, HST (if applicable)
- Property or Land Transfer Tax
- Home Inspection Fee
- Appraisal Fee (if applicable)
For more information about costs associated to buying a property. Please contact me at 604-306-5120.