What are the closing costs when buying a home in Canada?

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Uploaded by on Jan 10, 2011

http://propertysold.ca In addition to a down payment, buyers need to pay closing costs (hidden costs) when buying a home in Canada can include: Lawyer costs, land transfer taxes, title insurance, HST (on new homes), mortgage insurance, appraisal fee. Ongoing other costs can include property taxes, utilities, condo fees. 5% of the purchase price is a good rule of thumb to know how much money you will need to close a real estate sale.

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