Land Transfer Tax- www.torontorealestateboard.com/ltt_splash/ltt_calculator.htm
Land confirmation Transfer Tax @ $829,000 = approximately $13,500.00
Structural Report- $2,000 – $2,500
Phase I Environmental- $2,000 – $2,500
Land Transfer Tax @ $829,000 = approximately $13,500.00
Structural Report- $2,000 – $2,500
Phase I Environmental- $2,000 – $2,500
Lawyer- $3,500 – $4,500
Final Adjustments- Prepaid taxes, utilities for the day of closing etc.- $2,000 – $3,000 more or less
CMHC Inspection- $150 per door
Lending Commitment Fee- $2,500 – $5,000 approximately (non-refundable)
If mandatory repairs (determined by CMHC) require doing in year one the amount of the repair will be held back until completed Once completed the holdback will be advanced. An engineer’s report is required for confirmation of completion.