Interest Adjustments
This covers any costs in the gap between closing dates and first mortgage payment. Avoid or minimize this by arranging the closing date and first payment to be exactly one month apart.
Mortgage Insurance
This is often required by lenders if your payment is 20 per cent or less.
Home Inspection
The average cost is roughly $100 per hour, but some inspectors may charge by size or flat fee packages.
Survey Certificate
If there is not one available and your bank requires one, expect to pay anywhere from $750 - $1500.
Legal Costs
These will vary greatly, depending on who you choose to use, but expect to pay anywhere from $1000 to $3000.
Property Appraisal
This may be required by your lender, however it is often included as part of the mortgage package (or broker service). If it is not, expect to pay $100-250 dollars.
Home Insurance
Cost will vary greatly, as will the services offered.
Vendor Reimbursements
This covers the costs of items paid for in advance by Seller, such as taxes or hydro.
Land Transfer Tax
Property purchase tax must be paid for any property to be transferred to a new owner.
Condo Costs
Parking or storage may incur a seperate monthly fee. There are often move in or elevator fees. Review the bylaws and minutes beforehand.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.