purchase price and lawyer (approximately $1,800 for a $500,000 purchase in Toronto) • Title Insurance — sometimes included in legal fees ($250-$400) • Realtor Commission — if you use an agency/real estate professional to sell your home. • Land Transfer Tax — varies according to province and depends on purchase price • Adjustments/Prorated Costs for Annual Expenses — includes property taxes, condominium fees, and utilities • Other Fees Sometimes Paid by Seller — appraisals, inspections, closing costs, etc.* **According to Mortgages.ca, lenders request appraisals and the borrower (seller) pays the appraisal cost. However, many home buyers, especially first-timers, order one on their own to protect themselves. Further, closing costs can’t usually be paid by the seller on the buyer’s behalf in Canada. Spending Earnest Money Given to You Don’t believe that earnest money given at the time an offer is accepted is yours until the deal has closed and been recorded. Too many stories tell about sellers who used up the
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