Tips

What are the Closing Costs?

1. Insurance application fee, if applicable, is $165
2. Insurance premium tax, if applicable, of 8%
3. Legal fees
4. Property tax adjustment
5. Appraisal fee, if applicable
6. Mortgage interest adjustment
7. Broker fees
8. Land Transfer Tax

   How to Calculate Land Transfer Tax
   $5,000	x	0.05
   $5,000 - 250,000	x	0.01 - 275
   $250,000 - 400,000	x	0.015 - 1525
   over 400,000	x	0.02 - 3523
   Industrial
   Purchase Price	x	0.015 - 1525

Moving List

Here are just some of the items that need to be considered when moving residences.

1. If you are renting, provide your landlord with written notice of your moving date.
2. Transfer your account for:
   • telephone
   • internet
   • cable
   • water
   • hydro
   • gas
   • home insurance
3. Provide the post office with your change of address.
4. Update your address for:
   • driver's license
   • credit card companies
   • banks
   • work place
   • investment companies
5. Transfer/change the address of your children's school.
6. Book moving truck.
7. Book elevators for existing and new property (if appropriate).
8. Ask new landlord, or selling agent, for location of main utility services and security monitoring information.
9. Arrange for final utility meter readings, for both existing and new property.

Remember to arrange a gathering for your new neighbours!