How Much are Closing Costs for a Home? (a comprehensive guide)

This is a comprehensive guide to all the costs you need to know about before purchasing a home. This guide will help ensure you don’t get caught off guard by surprise expenses, or get tricked into paying any unnecessary extra fees.

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Links and Resources Mentioned in this Episode:

As mentioned in the episode, having a downpayment of less than 20% will require you to obtain mortgage insurance through the CMHC (the Canada Mortgage and Housing Corporation). The amount will vary depending on how small your downpayment is. You can get the current rates directly from the source here: CMHC Mortgage Insurance

When getting your mortgage ready, you can also get the exact amounts that you’ll need to pay by speaking with your potential mortgage provider or mortgage broker.

If you have any questions, use the comments section below and I’ll gladly help you with any questions.

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