No one likes unexpected bad news—especially the financial kind! This worksheet can help you prepare for the cost of closing, moving, and getting settled into your new home.

Common Closing Costs:
Balance of down payment after initial deposit with offer
Mortgage loan administration and/or appraisal fees
Points or loan discount fees paid to receive a lower interest rate
Credit report fees
Mortgage insurance premiums
Land transfer tax and title registration fees
Title insurance policy premiums
Survey expense
Legal fees and related costs (couriers, photocopies, etc.)
Pro-rated amounts for your share of any prepaid costs, such as utility bills and
property taxes

Moving Costs:
Packing supplies
Movers
Vehicle rentals
Ancillary expenses (food, hotels, etc.)
*On average, a Canadian home buyer may spend approximately $1,325 on moving costs.

Settling-In Costs:
Changing locks
Cleaning
Painting, minor renovations, and repairs
Furniture for additional rooms
Lawn care and landscaping
*On average, a Canadian home buyer may spend approximately $3,550 on general household purchases, $6,575 on furniture and appliances, and $9,525 on renovations.
*Altus Group Economic Consulting, “Economic Impacts of MLS® Home Sales and Purchases in Canada and the Provinces,” The Canadian Real Estate Association, last modified May 14, 2015, http://crea.ca/sites/default/files/Altus%20Report%20Economic%20 Impact_OS_En.pdf