Hugh Dale-Harris'
Homes On Line
in Ottawa

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Performance Realty

Independently Owned &
Operated, Brokerage

613-744-2000
Toll Free  1-877-744-8750

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Guide to BUYING Your Home      " Determine What You Can Afford "


  • Purchasing a home involves one-time costs and monthly expenses.
  • The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property.
  • In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for. These are listed below:

    Typical One-Time Expenses

    EXPENSE PAID
    Mortgage Application and Appraisal Fee At time of application
    Appraisal Fee At inspection
    Property Inspection (optional) Closing
    Legal Fees Closing
    Legal Disbursements Closing
    Deed and/or mortgage registration Closing
    Property Survey
    (sometimes provided by seller)
    Closing
    Land Transfer, Deed Tax or Property
    Purchase Tax (in Quebec within
    3 months following signing)
    Closing
    Mortgage Interest Adjustment and
    Take Over Fee (if applicable)
    Closing
    Adjustments for Fuel, Taxes, etc. Closing
    Mortgage Insurance
    (and application fee if applicable)
    Closing
    Home and Property Insurance Closing and on-going
    Connection charges for utilities
    such as gas, water and electricity
    Date of move
    Moving Expenses Date of move

    Other costs may include landscaping, redecorating, furnishings, appliances and repairs.

    Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.

    Return to Guide to BUYING Your Home




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