Century 21 Bachman & Assoc. & Welcome to Winnipeg Inc.

Recruiting Tours & Real Estate Services

(204) 453-7653 // karen@welcometowinnipeg.ca

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Closing Costs

When purchasing a new home there are some additional costs to be expected.  These are normally between 1 1/2 - 2% of the purchase price of your new home with the following breakdown: 


Legal Fees


Legal fees are paid to the lawyer for completing the legal work on the purchase of the home.  A normal house transaction can range from $595 - $700 please check with your lawyer.  If you would like a recommendation for a lawyer do not hesitate to ask us.




Disbursements are expenses incurred in purchasing your new home.  These include:


1. Transfer Tax - Paid to the Land Titles Office and is based as a percentage of the purchase price.  Different rates apply to each part of the purchase price as follows.


Under $30,000.......................... $69.00

$30,000 - $90,000.................... 0.5%

$90,000 - $150,000................. 1%

$150,000 - $200,000............... 1.5%

Over $200,000.......................... 2%


2. Mortgage Registration - $69.00


3. Surveyor's Certificate (If Required) Approximately $360.00 (This document may be provided by the seller)


4. Zoning Memorandum (If Required) $53.55 (This document may be provided by the seller)


5. Title Insurance (If Required) Approximately $200.00


6. Tax Certificate (If Required) $35.00


7. Couriers, Searches and Miscellaneous Approximately $100 - $200


*The above are based on Winnipeg properties only.  Other areas may differ.  Through time these estimates may change.  Always check with a lawyer to ensure information is up to date. 

Property Taxes


The Purchaser is responsible to pay property taxes for only the portion of the year that they own the home.  Property taxes are based on the calendar year (January 1 to December 31).  Taxes are payable June 30 in Winnipeg and generally September 30 or October 31 in most rural areas.  Depending on the possession date, either the seller or purchaser will pay the annual tax bill and will be reimbursed by the other party for their share.  If you wish to enroll in the City of Winnipeg Tax Installment Payment Plan you must telephone the city (204-986-2161).


Late Interest


If you are arranging a new mortgage, the receipt of these mortgage monies may be delayed until the transfer documents are registered and the title to the property is in your name (approximately two to four weeks).  During this period of time, you must pay interest to the seller on your mortgage amount at the same rate of interest as under your mortgage. 


Please remember that this does not result in any increased costs to you since you are not paying interest on the mortgage funds to your financial institution until the mortgage funds have been advanced.


Balance of Down Payment


This is the purchase price less the amount of your mortgage and your deposit.




GST is payable on legal fees and some disbursements.




PST is payable on legal fees.


Possession Date


You will see your Lawyer approximately 2 days prior to possession date.  Once monies have been transferred to the vendor's Lawyer, your Lawyer will release the keys.  You are not allowed to use these keys until the possession date and time stated on your Offer to Purchase.