Costs can range from 1.5% to 5% of total purchase price, excluding down payment.

For example, a purchase price of $250,000 would yield:

Deposit
Your deposit will likely be around 5% of the purchase price. The deposit is then deducted from the amount owed for your down payment at a later date.

Inspection Fees - General/Structural

$400 - $500

Additional Inspection Fees - Detailed (roof, mould, asbestos, water damage, etc)

Varies

Realtor® Commissions

Dependant on contract but usually $0*

Adjustment Costs (Property Tax)

$0-$3,000

Land Transfer Fee

$200-$1,000

Mortgage Application and Appraisal (may be waived by bank)
$200 - $400

Mortgage Insurance
$2,000+

Legal Fees & Disbursements (due at time of closing)
$1,000 - $2,000

GST (for new homes only)
Varies

Home and Content Insurance
$1,500+

Moving and/or Storage Expenses
$1,000+

* In most cases, in Calgary, the realtor fees are paid for by the seller.  In the rare case that the commission is not paid by the seller, it is often with discount brokerages, builders and self-represented sellers.

Costs can range from 1.5% to 5% of total sale price. For example, a sale price of $250,000 would yield:

Home Staging
$2,500+

Real Estate Commissions
Negotiated*

Property Tax Proration
Varies

Unpaid Homeowner/Condo Fees
Varies

Legal Fees & Disbursements (due at time of closing)
$1,000 - $2,000

Real Property Report - New
$500 - $1,000

Real Property Report - Updated
$250 - $400

Mortgage Interest Adjustments - if applicable (due at time of closing)
$350+

Home and Content Insurance
$1,500+

Moving and/or Storage Expenses
$1,000

* Most real estate agents receive a commission from the seller as part of their contract. For example, in Alberta, realtors receive a commission of 7% on the first $100K and 3% on the remaining balance of the home’s sale price. This fee is usually split 50/50 between the buyer’s agent and the seller’s agent.

Please note that these closing costs are subject to change and are based on gathered averages.