Everything you need to know about Closing Costs when buying a home in Toronto Ontario. We talk about the land transfer tax, lawyer fees, adjustments & additional expenses such as inspection and appraisal fees. If you’re a first-time buyer, you’re in luck! You can benefit from land transfer tax rebates at both the provincial and municipal levels. Buying in the city of Toronto? Find out why closing costs are higher for you vs the rest of the province.
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Chapters:
00:00 Intro
01:58 Land Transfer Tax
02:38 Land Transfer Tax Sample Computation
03:55 Lawyer Fees
04:26 Adjustment Fees
05:42 Inspection & Appraisal Fees
05:55: Final Thoughts
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Closing Costs & Land Transfer Tax: What You Need to Know
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