Closing costs are the legal, administrative and disbursement fees associated with buying a home. Understanding these fees will help you budget more accurately. Remember these are additional costs over and above the price of the home.

In this section:

• How much land transfer tax will you have to pay?
• Have you budgeted for the associated legal costs?
• Do you need a home inspection?
• What other costs can you expect?

Now that you have arrived at your destination, it's time to enjoy your new home!