The down payment gets all the attention, but it is the closing costs that catch GTA buyers off guard. On a $1,050,000 townhouse in Clarkson, you should have roughly $21,000 to $22,000 in cash ready on closing day, on top of your down payment. Buy at the same price in the Junction instead and that number jumps by about $14,000, because Toronto charges its own land transfer tax that Mississauga buyers never pay. Here is the full list of what you actually pay at closing in 2026, which costs are... [read more]

Purchasing a home in the Canadian real estate market will be one of the most significant decisions of your life. Therefore, you need to know what you are paying for as you find a home to budget the home-buying process accurately. One of the expenses associated with buying or selling a detached house, a townhome, or a condominium is closing costs. These are a wide range of fees generally paid at the end of the transaction, accounting for roughly one percent to four percent of the overall... [read more]