When you buy you pay no commission.

As a potential buyer, you should be aware that you are about to make a decision that will affect your life for many years to come.

Buying a home is all about decision making, and you can only make good decisions when you have all the best information that's available. It also helps to use the services of an experienced professional who can assist you in interpreting all the information, particularly given that there is so much of it – on the Web, in print, everywhere. Most for sale by owners are willing to work with real estate agents who bring them a buyer. Ask your agent to include private for sale homes in his search.

Cost & Requirement of Buying a Home

Downpayment: You will need a minimum of 5% of the purchase price.

A deposit must be paid upon agreement of a deal.

Closing & Legal Fees

Land Transfer Tax

CMHC Fee if you are putting down less than 25% of the purchase price.

Home ownership comes with three monthly re-occurring cost:

• Monthly Mortgage payment
• Monthly Property Taxes
• And all Monthly Utilities
  • Gas
  • Electricity
  • Water