Condominium purchase and recurring costs

Author: External Author | | Categories: , Civil Litigation Lawyers , Corporate Law , Insurance Lawyers , Legal Services , Power Of Attorney , Real Estate Lawyers , Refinance Property

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,

Article Written By: NA

Original Article Posted on: March 31

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