9 FEES TO BE EXPECTED WHEN BUYING A HOUSE

1. Evaluation costs
Your financial institution may request an assessment of the property to confirm the market value.

2. Inspection fees
It is essential to hire a building inspector for existing homes. This will save you from unpleasant surprises that could cost you a lot.

3. Notary fees
For any real estate transaction in Canada, you must do business with a lawyer. The cost of this transaction varies according to several criteria.

4. Taxes
​Mutation fees collected by municipalities during a purchase. The CMHC premium tax, if applicable (for example, 9% in Quebec) ​ Municipal taxes​, School taxes 

5. Connection to the electricity network, television and internet
Connecting to the grid is a cost that new buyers often forget, as well as costs associated with Internet and cable access.

6. Renovations
Even recent properties require some minor renovation work: caulking around windows, a new coat of paint or new ceramic in the bathroom.

7. Purchases of furniture and appliances
Furnish a large single-family cottage while living in a small two-bedroom unit so far, it can be expensive! Depending on the furniture we choose, it is not uncommon for the total bill goes up quickly, especially when you have several pieces to furnish.

8. Moving expenses
Depending on the season and the company, the hourly rate of movers ranges from $ 50 to $ 250, a significant cost to plan if you want to move without having to lift a finger … or almost.

9. Co-ownership fees
If you have purchased a Condo, you will have to pay a condo fee that will cover some common costs such as expenses related to indoor and outdoor maintenance, snow removal, and so on.