How much savings do you need for a Property?

It's important to know how much money you need in savings before you can consider purchasing a property. Here is a list of common start-up costs:


• Property Inspection


• Property Evaluation (Appraisal) *Subject to lender's condition*


• Provincial tax (9%) on the Mortgage Insurance premium


• Notary fees


• Adjustment costs determined by the notary (Heating, Municipal & School


•Taxes, Equipment rental contract, etc.)


• Property Transfer Tax (Welcome Tax)


• Moving expenses


The real estate agents as Landmark Group (Landmark Finance and Landmark Realties) are just a call away if you need advice on buying property. With a long lasting heritage we can ensure you will receive the best possible advice when it comes to property costs.


Please all us at 514-316-5555 or visit: https://landmarkrealties.com/en/buysel-details-2/?buysell_id=190 

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