{"id":2736,"date":"2026-10-15T10:00:00","date_gmt":"2026-10-15T10:00:00","guid":{"rendered":"https:\/\/www.craigpeeling.com\/blog\/2026\/10\/15\/ontario-hidden-closing-costs-can-add-thousands-i-help-wonderful-people-buy-sell-great-homes-its-an-honour-when-you-refer-your-family-friends-and-neighbours-20\/"},"modified":"2026-10-15T10:00:00","modified_gmt":"2026-10-15T10:00:00","slug":"ontario-hidden-closing-costs-can-add-thousands-i-help-wonderful-people-buy-sell-great-homes-its-an-honour-when-you-refer-your-family-friends-and-neighbours-20","status":"publish","type":"post","link":"https:\/\/www.craigpeeling.com\/blog\/2026\/10\/15\/ontario-hidden-closing-costs-can-add-thousands-i-help-wonderful-people-buy-sell-great-homes-its-an-honour-when-you-refer-your-family-friends-and-neighbours-20\/","title":{"rendered":"Ontario Hidden Closing Costs Can Add Thousands | I help wonderful people buy &amp; sell great homes &#8211; its an honour when you refer your family, friends and neighbours!"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/craig-peeling\/ontario-home-fees-remotion-videos-1b11\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Before closing, Ontario buyers need cash for deposit, land transfer tax, legal fees, and adjustments, not just mortgage payments and the down payment.<br \/>\nOntario\u2019s minimum down payment rises as a home\u2019s price climbs, and smaller down payments can trigger mortgage insurance added into monthly payments.<br \/>\nOntario buyers need land transfer tax paid in full at closing, and the deposit is only an upfront portion of the total down payment.<br \/>\nOntario requires a Real Estate lawyer, often budgeted near ~$2K, and buyers should also expect closing adjustments for prepaid taxes, condo fees, or fuel.<br \/>\nEligible first-time buyers may access provincial rebates, including a full HST rebate on new homes through Late-Q1 2027, and pre-approval can prevent financing surprises.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Before closing, Ontario buyers need cash for deposit, land transfer tax, legal fees, and adjustments, not just mortgage payments and the down payment. Ontario\u2019s minimum down payment rises as a home\u2019s price climbs, and smaller down payments can trigger mortgage insurance added into monthly payments. Ontario buyers need land transfer tax paid in full at [&hellip;]<\/p>\n","protected":false},"author":97,"featured_media":2737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/posts\/2736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/users\/97"}],"replies":[{"embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/comments?post=2736"}],"version-history":[{"count":0,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/posts\/2736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/media\/2737"}],"wp:attachment":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/media?parent=2736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/categories?post=2736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/tags?post=2736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}