Costs for a buyer to consider

Here's a checklist of things that will or may come into play during a real estate transaction. In the unlikely event you have not yet figured out what you can afford here's a mortgage payment calculator.
Deposit at time of offer	5% or more of the purchase price, usually to the listing brokerage, credited towards the down payment.
Balance of Purchase Price	On closing, to your lawyer, a day or so before possession.
Mortgage	Most closings include a mortgage for some proportion of the purchase price.
Ontario Land Transfer Tax	0.5% up to $55,000, 1.0% above $55,000 to $250,000, 1.5% above $250,000 to $400,000, 2.0% above $400,000 to $2,000,000, 2.5% above $2,000,000.  A land transfer tax calculator is included in the mortgage payment calculator above. First time buyers qualify for a rebate.
HST (new construction)	13%.
High Ratio Mortgage  Insurance	Available for mortgages exceeding 80% of property value from CMHC, Sagen (formerly Genworth) and Canada Guarantee.
Legal Fees	Approximately $2,000 + HST.
Property Inspection	Usually $500-$600 + HST.
Adjustments	Taxes and condo fees prepaid or unpaid by seller to date of closing.
Property Survey/Status Certificate	Usually $1,500-$2,500 + HST. Detached, semi and freehold towns. For condos a status certificate which includes corporation financials and rules will be provided, usually paid for by the seller.
Toronto Land Transfer Tax	Only in the City of Toronto. 0.5% up to $55,000 1.0% above $55,000 to $400,000 2.0% above $400,000 to $2,000,000 2.5% above $2,000,000 A land transfer tax calculator is included in the mortgage payment calculator above. First time buyers qualify for a rebate.
Title Insurance	Generally 0.05% of purchase price. Click here for what it covers.
House Insurance	Roughly 0.06% - 0.08% of purchase price. Look at your current insurance policy cost. Get a quote from your broker.