Closing costs are the fees which you, as a SELLER, must pay when you SELL your home in Ontario. Closing costs are a list of charges your lawyer presents to you on the closing date of your home.

Legal Fees and Disbursements: Typically range from $1,000-$1,500

Mortgage Discharge Fees: If this applies to you and you have a mortgage, its best to call and ask what the fees and penalties are for terminating.  Or are you porting it over to another property? 

Commission: Total Commission (PLUS HST).  Commission is typically a percentage or flate fee charged by your Realtor. 

Utility and Property Tax Adjustment:  Did you pre pay for any utilities or taxes? You will get it back.  If by closing you owe on taxes or utilities those will be adjusted.

All of these above are your expected closing costs.  
Charles Ruocco

Charles Ruocco

Real Estate Broker

SUTTON GROUP-ADMIRAL REALTY INC.

Your Iron Agent

1206 CENTRE STREET, THORNHILL, Ontario, L4J3M9

YourIronAgent@gmail.com

(416) 739-7200

(416) 739-9367
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