{"id":60,"date":"2026-09-17T17:00:00","date_gmt":"2026-09-17T17:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/joeannsellshomes-ca\/2026\/09\/17\/closing-costs-surprise-canadian-home-buyers\/"},"modified":"2026-09-17T17:00:00","modified_gmt":"2026-09-17T17:00:00","slug":"closing-costs-surprise-canadian-home-buyers","status":"publish","type":"post","link":"https:\/\/www.joeannsellshomes.ca\/blog\/2026\/09\/17\/closing-costs-surprise-canadian-home-buyers\/","title":{"rendered":"Closing Costs Surprise Canadian Home Buyers"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/joeann-chabrol\/christopher-liew-home-buying-costs-that-new-buyers-always-underestimate-remotion-videos-2028\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Many first-time buyers save for the down payment, then face a second wave of cash closing costs in the final weeks before closing.<br \/>\nClosing costs can add thousands beyond the down payment, so building a separate fund before house hunting can help avoid a scramble.<br \/>\nLand transfer tax is often the biggest surprise. It is usually due in full at closing, though some provinces offer first-time buyer relief.<br \/>\nWith a smaller down payment, mortgage default insurance can add a sizable premium to the loan, and some provinces still require the sales tax upfront.<br \/>\nProfessional fees and move-in costs also add up: legal work, inspections, appraisals, title insurance, prepaid taxes, utilities, locks, blinds, appliances, and repairs.<br \/>\nIf using tax-advantaged savings or a homebuyer withdrawal program, set aside closing costs first; the remaining funds show what is truly available for down payment.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Many first-time buyers save for the down payment, then face a second wave of cash closing costs in the final weeks before closing. Closing costs can add thousands beyond the down payment, so building a separate fund before house hunting can help avoid a scramble. Land transfer tax is often the biggest surprise. It is [&hellip;]<\/p>\n","protected":false},"author":189,"featured_media":151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/users\/189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":0,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joeannsellshomes.ca\/blog\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}