Hidden Costs of Buying a Home in Calgary
Posted by Ray Yang on
Buying a home in Calgary is an exciting milestone—but many first-time and even repeat buyers are surprised by the hidden costs that come along with the purchase. Beyond your down payment and mortgage, here are the expenses you should plan for to avoid financial surprises.
1. Home Inspection Fees
Before you commit, a home inspection is essential. In Calgary, inspections typically cost $400–$700, depending on the property size and whether you add services like radon or mold testing. While it feels like an extra expense, it can save you from costly surprises later.
2. Legal Fees and Disbursements
Hiring a real estate lawyer is required to complete the purchase. Expect to budget $1,000–$2,000 for legal services, title registration, and other…
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