Additional closing costs like the land title registry and mortgage registration — about a few hundred dollars each — and legal fees — about $1,500 to $2,000 — are relatively similar across the nation and do not have much impact on buyers, Mitchell says.Article content
“When people move into new homes, they spend an average of about $40,000 more” on renovations and furniture, Mitchell says. With buyers paying thousands of dollars in taxes on a home purchase, they inevitably have less to spend on these items.“It’s billions of dollars in revenue in British Columbia or Ontario,” he says.
Yea maybe but then you need to live in Alberta or Saskatchewan
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