Prior to purchasing a house, really Canadians remember that they are going to need to developed an excellent down-payment with a minimum of 5% or maybe more. However, you will find some almost every other initial expenditures you will possibly not enjoys notion of – they get into the class regarding closing costs, and so they can be extreme.

How much cash can i plan for house closing costs?

As a general rule out-of thumb, you will want to funds about step one.5% of the home price to own closing costs.