Don’t get caught by unexpected costs
Even if you make money off the sale of your home, moving will take a bite out of your profits. Closing costs—which include things like a home inspector fee, bank appraisal fee and, in many provinces, land transfer tax—range from 1.5 to 4 per cent of the selling price. If you’re buying a condo, factor in monthly maintenance fees and keep a small reserve for unforeseen expenses.
Check out these tips from Canadian home inspectors before moving.