Closing costs are the fees you have to pay just before you take possession of your new home. The term closing costs refers to a variety of different items. Some of the most common closing costs are:

  • Legal Fees for Lawyers – $650 – $1000
  • Land title charges and other disbursements paid through the lawyer’s office – $250 – $600
  • Home inspection – $300 – $900
  • Property appraisals – $200 -$350
  • Landscaping Deposit (refundable once you complete landscaping) – $1,000 – $2,500
  • Home/Fire Insurance – $700 – $2,000

You can learn more about closing costs here; https://www.sterlingedmonton.com/closing-costs/