top of page
< Back


Save this article  > 

Closing Costs and Their Impact on Condo Prices

Oliver Triskan
Publication date:
August 5, 2021
Article Summary: 

This blog discusses the impact of closing costs on condo prices. Closing costs usually range between 3% and 5% of the purchase price, and they can be higher depending on various factors. Examples of closing costs include loan application fees, legal fees, appraisal fees, inspection fees, land transfer taxes, title insurance, and prepaid fees. The closing costs vary depending on the condition and location of the condo and are performed by third parties with different prices. To minimize the amount charged, it is advisable to cap closing costs whenever possible. When purchasing a pre-construction condo, be aware that the closing costs are increasing annually. The most expensive and common closing costs for pre-construction condos are land transfer taxes, development charges, and legal fees. It is crucial to keep closing costs in mind and set aside enough capital to make the purchase.


closing costs, condo prices, land transfer taxes, legal fees, pre-construction condo, development charges, third parties.

Source Citation: 
Oliver Triskan
Closing Costs and Their Impact on Condo Prices
August 5, 2021
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page