Closing Costs for Calgary Real Estate

What can you expect to pay when you buy or sell a home in Calgary?

One of the areas where Calgary home buyers most frequently run into problems is with closing costs. Buyers often do not accurately anticipate the costs associated with closing a Calgary real estate transaction, and the resulting cash crunch can add stress at a time when you need it least. Certain fees are automatically assigned to either the Buyer or the Seller; other costs are either negotiable or prorated to the Buyer or the Seller.

Below you will find a brief explanation of these costs, yet it may not include all items required specific to your property, or the area in which you have purchased. This is a guideline, but your lawyer can provide a fairly close estimate, and is the best resource.

Buyer's Fees

Costs can range from 1.5 to 5% of total purchase price, excluding down payment.
For example, a purchase price of $250,000 would yield:

Seller's Fees

Costs can range from 1.5 to 5% of total sale price.
For example, a sale price of $250,000 would yield: