For most resale purchases, the largest closing cost outside the down payment is property transfer tax. The rest should be entered as explicit line items, not hidden in a broad percentage allowance.
Decision points
- 01
Ask for a written conveyancing quote with disbursements.
- 02
Model adjustments separately because they vary by closing date.
- 03
Treat new-build GST and foreign-buyer tax as specialist-confirmation items.
Costs to price before subjects
Estimate inspection, lender appraisal, legal or notary fees, title insurance if used, home insurance, moving, and an initial repair reserve before the subject-removal deadline. These amounts influence the offer budget even when they are not paid until later.
Costs finalized near completion
Your conveyancer prepares the final statement of adjustments. It may allocate prepaid property taxes, utilities, strata fees, and other contract items between buyer and seller. Compare the final statement with your calculator file and ask about every unfamiliar amount.
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