Closing costs checklist

A practical list of closing costs and who pays what in Canada.

By Pragmatic Mortgage Editorial TeamReviewed by Licensed Broker Team6 min readUpdated 2025-02-01

Table of contents

Typical closing costs

Expect legal fees, land transfer tax, appraisal costs, and title insurance. Some are lender-specific and some are province-specific.

Most costs are due on or before closing. Ask your lawyer for a statement of adjustments so you are not surprised.

Rate holds, cashback programs, or lender promos can offset some expenses. We compare options side by side so trade-offs are clear.

Are closing costs part of the down payment?

No. They are separate and must be paid in addition to your down payment.

Can closing costs be financed?

Sometimes through cashback mortgages or by refinancing, but it depends on lender guidelines.

Plan your next step

Create a free account to save this guide, upload documents, and keep your broker team in the loop.