The 5 Hidden Costs First-Time Buyers Forget

First-time buyers often focus on the down payment and mortgage payment, but the total cost of purchasing a home includes several less obvious expenses. In Mississauga, plan for closing costs such as land transfer tax, legal fees, title insurance and adjustments. You may also need to pay for an inspection, appraisal, moving services, utility setup, appliances and early repairs. Eligible Ontario buyers may qualify for a land transfer tax rebate, but the amount depends on the purchase. Creating a complete budget before shopping can help prevent stressful surprises and keep your home search realistic.