It is not only the down payment that should be a concern for prospective Canadian homebuyers. Closing costs can come up to a not inconsiderable sum, and may be as much as 4 per cent of the selling price of a Canadian home. Those looking to buy a home need to account for the fees and expenses associated with closing on a home. In many instances, payment is required prior to closing.
Understand more about closing costs and the need to budget for specific fees before taking the steps to purchase a home.
Closing Costs: Deposit and Down Payment
Closing costs may vary depending on whether or not prospective…