Purchase Costs

TYPICAL COSTS ASSOCIATED WITH A RESIDENTIAL HOME PURCHASE  (all costs approximate and provided as a guide)

Building Inspection                           $400 - $500

Chimney or WETT inspection              $250

Water quality inspection                   $120

Water quantity inspection                 $400

Septic system inspection                  $500

Site survey                                    $500

Appraisal                                       $400

Conveyancing                                 $1200

GST (on new or substantially
renovated home)                              5%

Property Transfer Tax
(first-time buyer MAY be exempt)        1% up to $200,000
                                                                       2% on the balance*

*Over certain amounts of house price, these may be adjusted