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Pre-Construction Condo Closing Costs: What You Need To Know

Author: 
Toronto Realty Boutique
Publication date:
Not Available
Article Summary: 

Buying a pre-construction condo is an exciting milestone, but it's crucial to be prepared for closing costs. This guide outlines various expenses you may encounter, including the deposit, land transfer tax, Tarion warranty fee, CMHC insurance premium, legal fees, and other miscellaneous fees. It emphasizes the importance of working with experienced professionals, such as brokers and lawyers, to navigate these costs effectively. By understanding and budgeting for these expenses upfront, buyers can avoid unpleasant surprises and ensure a smooth closing process.

Keywords: 

Pre-construction condo, closing costs, deposit, land transfer tax, Tarion warranty fee, CMHC insurance premium, legal fees, property appraisal, HST, title insurance, utility service deposits, builder levies, educational levies, condominium investment, real estate, property buying.

Source Citation: 
Toronto Realty Boutique
Pre-Construction Condo Closing Costs: What You Need To Know
Not Available
https://torontorealtyboutique.com/pre-construction-condo-closing-costs/
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