Transaction Costs

BUYER’S COSTS (APPROXIMATE)

Stamp Duty (1/2 cost)             $2,500
Registration (1/2) 0.25%
Cost of preparing Agreement for Sale (1/2) 0.20%*
G.C.T. on cost of preparing Agreement for Sale 0.04%*
Attorney’s Fees 3.00%*
G.C.T. on Attorney’s Fees 0.50%*
   
Subtotal 3.99% + $2,500
If Purchaser requires a mortgage 6.00%*
TOTAL COST (Approximate) 9.99%

(*) Denotes that percentage is variable. G.C.T. is currently 16.5%

In addition, a purchase that is being financed by a mortgage will require a valuation and survey of the property.

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