The purchase price or sale proceeds are only part of an Ontario real-estate transaction. Buyers and sellers should prepare for professional fees, taxes, adjustments, moving and property-related costs.
Common buyer costs
- Deposit submitted according to the agreement
- Legal fees and disbursements
- Ontario land transfer tax and registration costs
- Inspection, appraisal or specialist reviews where appropriate
- Insurance, moving and immediate repairs
- Property-tax, utility or condominium adjustments on closing
Mortgage default insurance, lender fees or other financing costs may apply depending on the loan and down payment. First-time buyer rebates or programs have eligibility rules and can change.
Common seller costs
- Real-estate service and marketing arrangements stated in the listing agreement
- Legal fees and mortgage discharge costs
- Cleaning, repairs, staging, storage or moving
- Adjustments and outstanding property obligations
- Possible tax or accounting considerations for some properties
Ask for estimates early
Exact costs depend on the property, financing, contract and personal circumstances. Request written estimates from the lawyer, lender, insurer, accountant and other professionals involved. This article is general information and is not legal, tax, mortgage or financial advice.
Review the buyer guide or seller guide, then discuss your real-estate plan with Tahani.
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Last updated: September 5, 2026