The price you agree is not the only number in a purchase. Closing costs sit on top of it, and buyers who plan for them early avoid surprises on the day of the transfer.
The main costs to expect
- Property transfer tax
- Legal fees for due diligence and the purchase agreement
- Notary and public registry fees
- Any property taxes or condominium dues that must be settled at closing
Rates change — always verify
Rates, fees and exemptions are reviewed from time to time and can depend on the type and age of the property. Your attorney can give you current figures and an itemised estimate before you sign anything.
Plan your funds
Keep a clear budget for the purchase price, the closing costs and any furnishing or renovation. If you are buying from abroad, allow time for international transfers and for the documents the bank and the registry will ask for.
The best closings are the quiet ones, where every cost was known weeks in advance.
Your advisor can introduce you to trusted local attorneys and walk you through the timeline from offer to registration.