Congratulations, you have decided to purchase your first home.
Although this milestone can be very exciting, the home-buying
process can also be a daunting experience. Mapping out the journey
beforehand can help a great deal. It is essential that you retain a
lawyer who specializes in real estate and who can guide you
throughout the process.
- You will need to pay closing
costs
Remember, upon the closing of your property, a buyer is required
to pay certain closing costs. You must be able to access sufficient
funds to pay these closing costs.
Closing costs include:
- Legal fees and disbursements;
- Land Transfer Tax (Municipal and
Provincial Land Transfer Tax);
- Title Insurance;
