In Addition to your mortgage there are many other costs. Some of the following may not require a fee from you, but most will.

• Mortgage application and processing fee
• Mortgage insurance -- if down payment < 25%, then you must pay 0.5 to 3.75% insurance plus application fee of $75 to $235, as you're considered a risk to the lender
• Mortgage life insurance -- in case you die, it pays your mortgage for your family (optional)
• Property insurance -- required by lenders
• Home inspection fee (optional but recommended, approx. $150 to $350 for homes under $300,000 and make sure inspector has errors and omissions insurance)
• Appraisal (optional to seller and/or buyer, recommended, $150-$250)
• Lawyer (Offer to Purchase, title search from registry, mortgage documents, closing)
• Registration of deed and mortgage
• Land title insurance (optional)
• Land transfer tax (See calculator on web page)
• GST (General Sales Tax) if a newly constructed home (7%, with 2.5% rebate if < $450,000, none on resold homes unless major renovation)
• Property tax ( if you would like to know what the property tax is on a home please contact me)
• If condominium, then Estoppel Certificate on the condominium corporation's financial and legal state
• If condominium, then monthly fees for common elements maintenance
• Connection charges for utilities (electricity, water, telephone, gas), or transfer
• Appliances, repairs and completely fitting out the home (new drapes, decor, furniture, etc.)