Mario Charron
Sales Representative
Royal LePage
Performance Realty

8 Locations across Ottawa
To service you Better
1-800-567-3326
Direct: 613-860-8660
Office: 613-830-3350
super@mariocharron.com


Ottawa Real Estate Buyers Guide

Determine What You Can Afford
Purchasing a home involves one-time costs and monthly expenses.

The largest one-time cost is the down payment. It usually represents between 5 to 25% of the total price of the property.

In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for. These are listed in the table below: (NOTE: The amounts listed below are typical costs, Mario will work out with you the costs associated to your purchase)

Typical One Time Expenses
Expenses
When Paid
Mortgage application (free) & Appraisal Fee $250 At time of application
Property Inspection (Optional) $350 - $400 At inspection
Legal Fees (incl Title Insurance)
New Construction $1,100 - $1,200 Closing
Resale $1,100 - $1,200 Closing
Includes approximate fees of $650 plus approximate disbursements (adjustments for Fuel, Taxes, etc. of $450)
Land transfer, Deed Tax or Property Purchase Tax 1% of purchase price (further information in Mortgage Calculator page) Closing
Mortgage Insurance (and application fee if applicable) Closing
Home & Property Insurance Closing and On-going
Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities, See the "What You Can Afford" Worksheet to help you estimate the approximate purchase price of a home you can afford.