Closing Costs & HST

Learn what to expect when closing a preconstruction property in the GTA. Closing costs and HST can be significant, learn how we minimize these costs for our clients.

General Breakdown of Closing Costs

Closing costs will vary for each purchase depending on the purchaser price, developer, and municipality. We do our best to cap the closing costs for our clients while negotiating our allocations and terms of the Agreement of Purchase and Sale. This of course is exclusive to our clients.

Below is a typical list of closing costs - but remember each unit is different. Usually we see closing costs to be 2%-4% of the purchase price. We highly encourage you ask your realtor for a detailed estimate of your closing costs so you can be prepared.

can be around ~$30k and more - we try to cap these in our contracts

usually $100-$200 depending on the provider

typically between $2,000 to $2,500 depending on your lawyer

builder banking fees, deposit admin fees, park and education levies, prepaid taxes, etc ~$800

~ $1,800 - see rates by Tarion here

**Investors are able to claim a rebate from the additional HST paid upon closing if the unit is rented out for a year. Rebates are typically processed 4 months after closing

For an approximate estimate, use our calculator below.

All content on this site is provided for educational purposes only and does not constitute legal, financial, or real estate advice.