Condominium purchase and recurring costs
Expenses included in buying a condo.
Don’t Forget to Factor These Costs Into Your Budget:
- Basic purchase price
- Unit sale price
- Upgrades (negotiable)*
- Development charges*
- GST or HST on the sale price*
- GST and PST or HST on appliances and other items being purchased with the unit*
- Utility hookup fees*
- Landscaping fees*
- In some provinces, two months’ common expenses to build the reserve fund*
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Original Article Source Credits:CMHC SCHL, https://www.cmhc-schl.gc.ca
Article Written By: NA
Original Article Posted on: March 31
Link to Original Article: https://www.cmhc-schl.gc.ca/en/consumers/home-buying/buying-guides/condominium/condominium-purchase-and-recurring-costs