Buyer Costs
Choosing an agent you trust and feel comfortable with is an important part of a successful real estate experience.
My buyer clients describe me as a strong advocate for protecting their best interests, as well as a patient, calm, and supportive partner throughout the process.
My role is to give you the knowledge, perspective, and guidance you need to make confident decisions without pressure to move before you're ready.
What You Can Expect Working With Me
I believe in patience, timing, and alignment. My goal isn't to rush you into a purchase. It's to help you find the right property, at the right value, and feel confident in the decision you're making.
Knowledge & Guidance
I make it a priority to educate my clients about the market so you feel informed, empowered, and confident throughout the process.
Real estate is both an art and a science. Market data gives us an important foundation, but a property ultimately sells for what a buyer is willing to pay - and buyers don't always behave according to the market conditions on paper. Emotion, competition, scarcity, and timing can all influence a transaction, particularly in a competitive market.
My job is to help you understand both the data and the human element. I'll provide honest advice, thoughtful perspective, and steady guidance so you can make smart decisions even when the market moves quickly. Preparation is key. Confidence comes from knowing what to expect.
My Approach
- Market insight grounded in experience and local knowledge
- Calm, steady guidance in competitive and high-pressure situations
- Strong advocacy that puts your interests first
- Thoughtful strategy tailored to your goals, priorities, and timeline
- Education and transparency so you can make informed decisions
From our first conversation to closing day - and beyond I'm here to make your buying experience feel informed, supported, and intentional.
Step 1: Intro Call
Let's chat. Before we get started, I want to take the time to get to know you - what you're looking for, what matters most to you, and what you value in a real estate agent and advocate. The greatest wins often come from strong agent-client relationships. We're a team, and I believe the best results start with making sure we're the right fit for one another. Let's connect, talk through your goals, and see if we're the right team to move forward together.
Step 2: Buyer Onboarding
Once we've decided to work together, we'll set you up for success before you start seriously looking. We'll walk through the key pieces of the buying process together so you understand what to expect and feel prepared when the right property comes along.
Understanding Homeownership Costs
A comprehensive breakdown of the expenses you can expect before, during, and after your move.
Pre-purchase Costs
Mortgage Application
Some lenders will pass on the cost to process your application. These fees vary and some lenders will waive them entirely if you have other accounts with them.
Appraisal Fee (AT INSPECTION)
Although lenders request most appraisals, the borrower pays the appraisal cost. From the appraiser’s perspective, the lender is the client, not you. However, when you order the appraisal yourself the appraiser works for you and you have access to all the information. Appraisal costs vary depending on the appraiser.
Costs are typically $350-500 plus tax.
Property/Building Inspection
Many Buyers choose to have a professional home inspector inspect property they want to buy. A report on the current status of the mechanical aspects of a house goes a long way to assist with budgeting for repairs needed immediately and for those in the future. Eg: If the roof is new, money is unlikely to be needed for that maintenance item for 10 – 15 years. Conversely, a 20 year old furnace means a Buyer will be facing a $3500 – $10,000 cost almost immediately.
The cost of the home inspection will vary depending on factors such as age, size and location of the property. Depending on circumstances, you may decide to commission an inspection before submitting your Offer with a view to making an unconditional bid. There will be other times when you may be further ahead making your offer conditional upon such an inspection. We will discuss your options with you and assist in your decision making.
The cost of inspection is usually linked to the square footage of the space being inspected. Expect quotes ranging from $500 – $1,000.
Costs Associated With Moving Day
Connection Charges for Utilities such as Gas, Water and Electricity
Moving Expenses
Closing Costs
Deposit
Deposits most often are approximately 5% of the purchase price. Larger deposits, (think 10%) go a long way in making your offer attractive to the Seller. A higher deposit helps to instill confidence and could be the factor that differentiates one offer from another.
Legal Fees
Legal work includes the land title search, closing costs and in the case of condo purchases, the review of status certificate.
Costs are approximately $1500 plus disbursements and HST. This number may vary due to any complexities discovered during the title search.
Mortgage broker Commission (if applicable, usually paid by the lender)
Property Survey
If you are buying a property with a view to rebuilding or adding an addition, a topographical survey of the property will be helpful. Topographical surveys will show any trees that are protected by current legislation. The cost of a new topographical survey for most Toronto lots will fall between $1500 and $2500.
Title Insurance
An alternative to an up to date survey. You can get this from a variety of insurers and the cost is based on a sliding scale depending on purchase price. Costs typically fall in the range of $??? plus tax.
Legal Disbursements
This involves some of the closing fees that your lawyer will pay on your behalf. This includes things like photocopies, tax certificates, zoning clearances, work orders, couriers, registration of the deed and mortgages, searching executions, mortgage schedules, status certificates.
Costs typically fall in the range of $$600-$800 plus tax.
Deed and/or Mortgage Registration
Ontario Land Transfer Tax
(Varies depending on purchase price – see our Land Transfer Calculator)
Toronto Land Transfer Tax
(Varies depending on purchase price – see our Land Transfer Calculator)
If you are a first time home buyer you are eligible for rebates for both the Municipal and Provincial Land Transfer Tax
| Municipal Land Transfer Tax (MLTT) | Maximum $3725 |
| Provincial Land Transfer Tax (PLTT) | Maximum $2000 |
ADJUSTMENTS ON CLOSING
Property Taxes:
If the Seller you are buying from has paid property taxes beyond the closing date, your lawyer will reimburse him from the closing funds which becomes an added cost to you.
HST:
Applies to new construction (condos and houses). It is owed by the builder and is usually buried in the purchase price you pay. May on occasion apply to renovated houses (subject to the extent of the renovation).
Tarion Warranty Fees
(Warranty on new construction condos and houses only, not resale) – click here to estimate Tarion Fees
Provincial Sales Tax
(Only applicable on chattels purchased from vendor – amount varies)
CMHC Insurance Premium
(Insurance premium charged if you have less then 20% down payment – click here to estimate CMHC insurance)
Mortgage Interest Adjustment and Take Over Fee (if applicable)
Statements of Adjustments
This is calculated by your lawyer. It refers to any fees or utility payments the seller has made that carry forward past the date of closing. If the seller has paid property taxes for the full year, you will be responsible for your portion from the time of closing until the end of the year. Utilities and gas are metered and will be read on closing. The seller is responsible for all costs up to the date of closing.
Mortgage Insurance
Balance on closing
(Need to explain how this is made….)
NOTE:
Ask your lender or mortgage broker in advance to detail everything that will be deducted from your loan on closing. Being prepared for the mortgage lending process means you are not surprised with the total loan amount you will receive from your lender on closing, but also that your closing will be completed in a stress-free manner.
Monthly Costs Associated With Home Ownership
Mortgage payments
Maintenance/Condo Fees
They are non-negotiable. If you wanted to apply to be on the condo board, you could try to find cheaper service providers and influence the overall maintenance fees for the entire building. But the difference would likely be marginal.
Property taxes
In terms of how these are paid, it will depend on your mortgage arrangement. The lender may insist that the taxes are folded into the mortgage to protect themselves in the event of a default. This is because the city has first rights to tax money ahead of the lender in the event of a mortgage default so lenders like to protect themselves where they can. In some co-op buildings, property taxes are included in the maintenance fees i.e. The Avoca Co-op Building at Yonge and St. Clair
Utilities
Homeowner’s Insurance
Also known as property or home insurance, this helps protect your home from physical threats like fire, water damage, accidents, and loss of property from theft. It’s required when you have a mortgage.
Mortgage Life Insurance
This is a prudent way to protect your family or beneficiaries. Your premium is based on your age and mortgage amount and is added to your mortgage payment.
Disability Insurance
Important to consider if your mortgage payments depend entirely or in part on your income. Disability insurance provides replacement income if an accident or i• llness prevents you from working.
Job Loss Mortgage Insurance
This insurance covers mortgage payments in the event that one involuntarily loses their job.
Ongoing/Future Costs May Include
Connection Charges for Utilities such as Gas, Water and Electricity
Moving Expenses