Know what your home is worth? Do our Market Evaluation

Your home, your dream...Try our Mortgage Calculator

Referral Reward Program...Carpenter Real Estate Group says thank you...

![]() |
Costs Associated with Home Purchase
|
Home Inspection $225. to $450. |
Mortgage Appraisal Fee $150. to $300. |
Legal Fee $700. to $1100. |
Mortgage Processing Fee $85. - $125. |
|
CMHC Loan Insurance Fee |
|
Property Transfer Tax –1% on first $200,000, 2% on Balance |
|
GST new homes only |
|
Misc. Adjustments |
|
Moving Expenses |
Total: |
Typically there are no mortgage processing fees, however if you are dealing with CMHC there is a fee.
Property Transfer Tax may be waved for qualified first time purchasers who purchase properties under $375,000.
GST is 4.48% for residential purchases under $350,000 or 6% for investment properties or residential purchases over $450,000. If the price is between $350,000. and $450,000 the formula is:
$450,000 – purchase price / $100,000 x 4.48%
Miscellaneous Expenses are adjustments made to allow for property taxes, condo fees etc.











