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http://www.lawsociety.ab.ca/public/l...ying_home.aspx

What other costs will you have?

There are other costs besides the actual purchase price involved in buying a home. Your lawyer can help you to understand the other costs involved. The following is the suggested check-list of cost items that you should discuss with your lawyer during the first interview:

1. Legal fees - The fees for your lawyer's own services, which may also include a component for out-of-pocket expenses or disbursements.
2. Property tax adjustments - A portion of the year's property taxes which are credited to the Seller if the Seller has already paid them, or credited to the Buyer if the Buyer will be required to pay them. If you're obtaining a new mortgage, the mortgage company may wish to hold back future taxes as well.
3. Transfer registration fees at the Land Titles Office. The Land Titles Office charges fees to register documents transferring ownership of property from one person to another. An additional fee is charged for registering mortgage documents.
4. Insurance for fire and other hazards.
5. Late interest charges. The mortgage company will not advance funds until title is transferred into your name and the lender's mortgage is registered in the Land Titles Office. Because it takes time to register these documents at the Land Titles Office and to obtain the mortgage advance from the Lender, the sale price may not be paid to the Seller until after the possession date. Until then, you will be unable to pay the Seller the full purchase price and will probably have to pay interest on the unpaid amount.
6. Opening of utilities account.
7. Goods and Services Tax (GST). There is a GST cost to the Buyer on the purchase of most new housing, although the Buyer will get a partial rebate if the purchase price is less than $450,000. Most purchases of used housing will not require you to pay any GST. The Seller should give you a written statement that no GST is payable. There is also GST payable on your lawyer's fees and disbursements and surveyor's charges. Currently, there is no GST on the Land Titles registration charge.
8. Appraisal and inspection fees (if obtained).
9. A real property report.
10. Any time a new mortgage is obtained in real estate there are costs associated with it. Your lawyer can advise you about these costs.

https://www.libro.ca/learn/Library/L...se%20costs.pdf



http://www.atb.com/learn/articles/Li...ost.aspx?ID=35

Here’s a basic rule of thumb:

• Plan on spending about 2 per cent of your purchase price on additional costs.
• If you have a down payment of less than 20 per cent, another 1–2.75 per cent of the mortgage amount will be added to your costs, although this is usually added to your mortgage amount.