Basic purchase price
— Unit sale price
— Upgrades (negotiable)*
— Development charges*
— GST or HST on the sale price*
— GST and PST or HST on appliances and other items being purchased with the unit*
— Utility hookup fees*
— Landscaping fees*
— Two months’ common expenses to build the reserve fund*
— Occupancy fees (if you move into your unit before the unit is
registered) that may include estimated common expenses based on the disclosure statement budget
— Estimated realty taxes on the unit
— Warranty program enrolment fees*
Costs of closing price
— Remainder of purchase price
— Legal fees and disbursements
— PST and GST on extras or upgrades to unit finishes, equipment and
systems if not included in purchase price*
— Provincial or territorial land transfer tax, if applicable
— Adjustments
Recurring Costs
— Monthly condominium fees or common expenses (or monthly occupancy fees if you move into your unit before it is
registered)
— Property taxes
— Unit and contents insurance
— Mortgage payments
— Amenity fees, such as storage, pool and extra parking, if not included in the common expenses
— Utilities (if not included in the common expenses)
— Telephone, cable & Internet access (if not included in the common expenses)
— A contingency for emergency repairs
— Maintenance costs associated with the upkeep of your unit
— Other Costs
*May not apply to resale units, since it was already paid and/or factored into the purchase price. There are exceptions.
— Canadian Mortgage and Housing Corporation