Closing Cost Calculator

When purchasing a property in Canada, in addition to the down payment, there may be other costs associated with purchasing a property which are referred to as closing costs, and these can be significant.

Closing costs may include land transfer taxes, lawyer fees, and adjusted property tax. Generally, closing costs must be paid to your lawyer when you visit your lawyer to sign registration documents. Your lawyer will advise you on the total closing cost prior to the completion of the transaction.

The closing costs cannot be included in a mortgage. When buying a resale property, it is recommended to set aside 2-4% of the purchase price for closing costs.

Use the calculator below to calculate your closing costs.