Understanding Closing Costs in 2026

Halton Edition
🏡 Ana Bastas Realty | Experience the AB Advantage™

Purchasing a home in Halton — whether in Oakville, Burlington, Milton or Halton Hills — comes with a number of closing costs that first-time and repeat buyers should understand before making an offer. Preparing for these expenses early ensures you avoid surprises and move through your purchase with confidence.

Here’s a full breakdown of the closing costs you can expect when buying in Halton in 2026.

1. Ontario Land Transfer Tax (LTT)

Unlike Toronto, Halton buyers pay only the provincial land transfer tax.

Key details

• based on purchase price
  
  
• paid on closing
  
  
• first-time buyers may qualify for rebates
  
  

This is typically one of the largest upfront costs.

2. Legal Fees & Disbursements

Your real estate lawyer ensures the transaction is completed legally and securely.

Legal fees typically include

• lawyer’s professional fee
  
  
• title search
  
  
• registration fees
  
  
• courier and administrative costs
  
  

Your lawyer will also review contracts and handle the transfer of funds.

3. Title Insurance

Title insurance protects you from legal or ownership issues that may arise after closing, such as

• undisclosed liens
  
  
• boundary disputes
  
  
• clerical errors
  
  
• title fraud
  
  

This one-time fee offers long-term protection.

4. Home Inspection (For Freehold Purchases)

A professional inspection helps identify any issues with the home’s structure or systems.

Inspection may include

• electrical and plumbing review
  
  
• roof and foundation evaluation
  
  
• heating and cooling system assessment
  
  

Knowledge is power, especially in older Halton neighbourhoods.

5. Status Certificate (For Condo Purchases)

Condo buyers must review a status certificate to understand the building’s financial health.

It includes

• reserve fund details
  
  
• ongoing or upcoming special assessments
  
  
• current budget
  
  
• bylaws and rules
  
  
• litigation history
  
  

This document helps you avoid unexpected condo-related expenses.

6. Appraisal Fee

Lenders often require an appraisal to confirm the home’s value supports the mortgage amount.

This ensures

• fair pricing
  
  
• mortgage approval alignment
  
  
• reduced lending risk
  
  

Appraisals are standard for many mortgage types.

7. CMHC or Mortgage Default Insurance (If Applicable)

If your down payment is under 20%, mortgage default insurance is required.

Important notes

• the premium is added to your mortgage
  
  
• the PST on the premium must be paid at closing
  
  

Your mortgage specialist will calculate these costs for you.

8. Adjustments on Closing

You may need to reimburse the seller for prepaid expenses.

This can include

• property taxes
  
  
• utilities
  
  
• condo fees (if applicable)
  
  

Your lawyer will outline these adjustments in your final statement.

9. Moving & Immediate Home Setup Costs

Many buyers overlook post-closing expenses — but they add up quickly.

Prepare for

• movers or truck rental
  
  
• utility connection fees
  
  
• furniture or appliance purchases
  
  
• cleaning or small repairs
  
  

A clear budget helps avoid stress.

10. Emergency or Contingency Fund

A buffer of 1–2% of the purchase price is smart planning.

This protects you from

• unexpected repairs
  
  
• appliance replacements
  
  
• minor renovations
  
  

A financial cushion brings peace of mind.

What This Means for Halton Buyers in 2026

Understanding closing costs ensures you’re fully prepared — not just for your purchase, but for life in your new home.

With the AB Advantage™, you gain

• a personalized closing cost breakdown
  
  
• early financial guidance
  
  
• step-by-step support from pre-approval to possession
  
  
• a smooth, stress-free buying experience
  
  

Preparation is the key to confident homeownership.

Ready to buy in Halton with clarity and confidence?

Request your Closing Cost Breakdown & Buyer Consultation and experience the AB Advantage™.

📞 289.670.5888
🌐 www.anabastas.ca
🏡 Ana Bastas Realty — Proudly serving Halton Hills, Milton, Burlington, Oakville, Toronto, Hamilton & the Niagara Region