closing costs when buying a home in Ottawa

Family celebrating beside a sold sign in front of their new home

How Much Are Closing Costs When Buying a Home in Ottawa?

When buying a home in Ottawa, you need more than the down payment. You also need money for land transfer tax, legal work, inspections and other expenses that arise before or on closing day.As a general planning guideline, the Canada Mortgage and Housing Corporation estimates that closing costs can range from 1.5% to 4% of the purchase price. The actual amount depends on the price and type of property, your...