Closing Fees for a Buyer of a Home in Toronto Depending on the property, closing fees will vary. Here are some Fixed Costs and Variables Costs when purchasing a Toronto Home. Provincial Land Transfer Tax -- first time buyers are exempt up to $2000 Toronto Land Transfer Tax. Legal Fees on Closing. Moving is a variable cost. Mortgage Insurance (varies pending down payment). Hook Up Fees (vary pending pre construction vs resale purchase). Construction Levies (only applicable on New Construction, condos/homes). HST is applicable on New construction.
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