Estimated Disbursments On An Average House Purchase in Niagara

** plus land transfer tax as follows:
$1.00 to $55,000.00 = 0.5%
$55,000.00 to $250,000.00 = 1.0%
$250,000.00 to $400,000.00 = 1.5%
over $400,000.00 = 2.0%

Properties not located within a plan of subdivision, such as rural properties, and some properties which are in built up areas but still not within a plan of subdivision, fees and disbursements are generally higher. (i.e.: Health Department = $214.00)

Add the adjustments for municipal taxes, oil (about $350 for 910 litres), NHWP fee, interest adjustment on the new first mortgage from the closing date to the interest adjustment date, inspection fees, mortgage holdbacks for repairs or taxes, etc.