Transaction Costs

BUYER’S COSTS (APPROXIMATE)

Stamp Duty (1/2 cost) 2.00%
Registration (1/2) 0.25%
Cost of preparing Agreement for Sale (1/2) 0.20%*
G.C.T. on cost of preparing Agreement for Sale 0.04%*
Attorney’s Fees 3.00%*
G.C.T. on Attorney’s Fees 0.50%*
   
Subtotal 5.99%
If Purchaser requires a mortgage 6.00%*
TOTAL COST (Approximate) 11.99%

(*) Denotes that percentage is variable. G.C.T. is currently 16.5%

In addition, a purchase that is being financed by a mortgage will require a valuation and survey of the property.