The Real Closing Costs First-Time Buyers in Ontario Don’t See Coming (2026 Guide)

Описание: Buying your first home in Ontario is exciting — but many buyers underestimate the real closing costs that come after the down payment.

In this video, I break down the hidden costs first-time buyers in Ontario often don’t expect, including land transfer tax, legal fees, title insurance, adjustments, and other expenses that can add up quickly.

If you're planning to buy in Toronto, Vaughan, Richmond Hill, or anywhere in the GTA, understanding these costs ahead of time can save you thousands and help you plan your budget properly.

In this video you’ll learn:
• Land Transfer Tax explained (Ontario vs Toronto)
• First-Time Buyer rebates
• Legal fees and title insurance
• Mortgage insurance tax surprises
• Property tax adjustments
• Pre-construction closing costs many buyers miss

If you're a first-time home buyer in Ontario, this guide will help you understand what you really need to budget before closing day.

If you’d like help estimating your total buying cost based on your situation, feel free to reach out.

Chapters:
0:00 Intro
0:35 1. Land Transfer Tax (The Biggest One)
2:02 2. Legal Fees & Disbursements
2:40 3. Title Insurance
3:03 4. Home Inspection
3:24 5. Mortgage Default Insurance (If Under 20% Down)
4:00 6. Adjustments (The Quiet Costs)
4:35 7. Development Charges (Pre-Construction Buyers — Pay Attention)
5:10 8. Moving Costs & Setup Costs
5:33 So How Much Should You Budget?

—
Soheil Shivarani
Real Estate Broker | Ontario
Specializing in Toronto, Vaughan, Richmond Hill & Markham
https://soheilshivarani.com/