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Everything beyond your down payment — bundled into one estimate so there are no surprises at the lawyer's office.
Estimated total closing costs
$23,525
3.6% of purchase price
Budget 1.5%–4% of your purchase price for closing costs, on top of your down payment. Land transfer tax is usually the largest single line item — use the land transfer tax calculator to model it precisely for your city.
A common rule of thumb is 1.5% to 4% of the purchase price, on top of your down payment — land transfer tax is usually the largest single item within that range.
Legal and notary fees, title insurance, home inspection, appraisal, land transfer tax, tax on your CMHC premium if applicable, moving costs, and standard tax/utility adjustments between you and the seller.
Generally, no — lenders expect closing costs to be paid from funds separate from your mortgage financing, which is exactly why it's worth estimating them well before your closing date, not after.
The main relief is the land transfer tax rebate (see our land transfer tax calculator) — other closing costs like legal fees and inspections don't currently have first-time buyer discounts.