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GENWORTHCANADAFALL2O1493.PROVINCIALLANDTRANSFERTAXAllprovinceswiththeexceptionoAlbertaandSaskatchewanchargealandtransertaxwhenyoupurchaseproperty.Ratesareapercentagethatvariesbasedonpropertyvalue.AVERAGECOSTOntarioslandtransertaxrangesrom0.5to2dependingonpropertyvalue.TheaverageCanadianhousepriceisnow365000whichwouldrequireanOntariolandtransertaxpaymento3675.Thegoodnewsfrst-timebuyersinOntarioB.C.andP.E.I.canapplyorarebateoupto2000.Checkyourprovincialgovernmentswebsiteormoreinormationonavailableresourcesandrebates.1.HOMEINSPECTIONAlthoughintightmarketslikeTorontobidderssometimesorgohomeinspectionsthesmartmoneyisongettingahomeinspectionreportbeoreputtinginyouroer.Acertifedhomeinspectorcansaveyouthousandsodollarsbytippingyouotoproblemareasandrepairsneededdowntheroad.AVERAGECOST200to500perinspection.2.LEGALFEESOnceyousignyouroertopurchaseyoullneedtohirearealestatelawyertohandleyourpaperworkandfleyourtransactions.Thisincludesconductingatitlesearchregisteringyournewplaceinyournameandmakingsurethedownpaymentandlandtransertaxgotothecorrectofcesontime.AVERAGECOST1500andupincludingbotheeanddisbursementsortitlesearcheescouriersandadministration.HOUSEEXPENDITURESBeawareothesethreehouse-specifcsurprisecostsUTILITYDEPOSITIyoureanewcustomerbepreparedtopayadepositoupto300perutilitywhenyousignuporyourservices.HOUSEUPGRADESWhenyouleastexpectityoumightneedtoputinanewrooorripothatInsulbrickinordertoqualiyorhomeinsuranceorapreerredrate.HOMEMAINTENANCEGEARAllyouneededasatenantwasasmalltoolbox.Butaseveryhouseownerknowspowertoolsandproperty-maintaininggadgetslikealawnmowerpressurewasherwetdryvacladdersandotheritemsaremust-haves