tips for buyers

Closing Costs For Buyers In Ontario

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Budgeting for a home purchase ensures that you’ll be able to afford to pay for costs such as the down payment and monthly mortgage payments, but there are a number of other significant costs that many buyers often overlook. These include closing costs (land transfer tax, adjustments on closing, lawyer fees) and additional monthly costs (property tax, insurance, utilities, maintenance). All of these costs need to be taken into account so that you truly know if you can afford the home that you’re looking for.

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do buyers pay realtor fees in ontario

Do Buyers Pay Realtor Fees In Ontario?

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One of the most common questions that I get from buyers is “do buyers pay realtor fees in Ontario?”. Many buyers and sellers are unsure about realtor fees (commissions) regarding how much they will be, who pays them, when they are paid, and so on. How real estate commissions work in Ontario is actually very straightforward, and knowing this will give you a better idea of what to expect going forward with your purchase or sale.

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