The Russell Team
Your Closing Cost Checklist
Navigating Expenses Before, During, and After Closing
Planning Your Expenses Step-by-Step
Successful budgeting is about timing just as much as total numbers. To ensure there are no surprises along the way, we break down your financial obligations into three distinct phases: what you need before making an offer, what is required on closing day, and what to plan for once you have the keys. Before you buy, we will work with you to ensure every cost that applies to your unique purchase is factored into your overall plan.
Support Center
Your Complete Cost Checklist
Navigate every stage of your real estate journey with answers on pre-offer expenses, closing day fees, and post-closing carrying costs.
Before Making An Offer
- Down payment
- Deposit
- Mortgage-related costs
- Potential appraisal
- Home inspection
At Closing
- Ontario Land Transfer Tax
- Toronto Municipal Land Transfer Tax
- Legal fees and disbursements
- Status Certificate review, if purchasing a condominium
- Title insurance
- Mortgage registration and related costs
- Adjustments
- HST, if applicable
- New-construction costs, if applicable
After Closing
- Mortgage payments
- Property taxes
- Condo or maintenance fees
- Home insurance
- Utilities
- Repairs and maintenance