If I buy a property, what purchase costs should I be aware of and budget for?
How much does it cost to buy a home?
What are the costs involved?
Use this Purchasing Costs Calculator to find the answers you need to make a good buying decision.
Buying a property means you should know you’re going to spend as much as 5% of the contract price on charges, duties, and fees. If you’re purchasing the property for $500,000, you can expect as much as $25,000 worth of costs you’ll have to pay as you complete the transaction.
So what fees are associated with buying a property? The following are the primary government fees you should expect to pay as you purchase a home:
As you input your details into our Purchasing Costs Calculator, you’ll find how much you can expect to pay in government fees. Please reach out to our mortgage experts for any questions you may have.