Appraisal Fee: Paid to assess the home’s market value (often required by lenders).
Credit Report Fee: Covers your lender’s cost to pull your credit file.
Mortgage Loan Fees: May include processing, underwriting, and possibly discount points if you buy down your interest rate.
Legal Fees: In PEI, a lawyer must handle the legal transfer of title. Legal costs typically range from $800–$1,500+.
Title Search / Land Registry Fees: Ensures clear ownership and records the transaction with the provincial land registry.
Property Tax Adjustments: You may need to reimburse the seller for taxes they’ve already paid for the year.
Home Insurance: Lenders require a policy in place before closing.
Interest Adjustment: Covers interest from your closing date to the end of the month.
Home Inspection (optional but recommended): Usually paid at the time of inspection, not at closing.
HST (if applicable): Only applies to some new-build homes or services—not typically charged on resale properties.