Here is a detailed summary of the closing costs that you are likely to incur when closing your real estate transaction. This summary is only an estimate, designed to assist you in budgeting for your closing. Legal Fees: Range from $450 to $700 depending on which lawyer you choose Disbursements: Approximately $350, but can fluctuate depending on the property. This includes:
	Register Deed $60.00 Register Mortgage $60.00 Sheriff's Certificate * $44.00 - $200.00 Tax Certificate $15.00 Planning and Zoning Report $50.00 Union Gas Report $10.70 Title Search and Copies $70.00 Estoppel Certificate (condos only) $50.30 Photocopies/Fax/Postage/Etc. $20.00 G.S.T. (legal & some disbursements are subject to GST) $40.00
* go back 40 years on title at $11.00 per person The above are approximate and subject to change. Please consult your lawyer for actual costs. Adjustments: You should also budget for adjustments to the vendor such as property taxes and heating oil as often these expenses have been paid by the vendor past the date of closing. Land Transfer Tax: 1% of your purchase price less $275.00 C.M.H.C. Fee: 2.5% of mortgage amount on 10% down mortgage. This is added to your mortgage. There is 8% P.S.T. on this amount and is payable to your financer on closing. On 5% down mortgage the fee is 3 3/4%. C.M.H.C. Application Fee: Consult your financial institution as fee may vary. Appraisal Fee: Consult your financial institution as fee may vary. Please note: you will be required to provide your lawyer proof of insurance on the property prior to closing. . Legal fees + Disbursements + Adjustments + Land transfer tax = Closing Costs