Closing costs can vary in price depending on the circumstances of the sale. Costs you are going to encounter if you are buying a property will include: Ontario land transfer tax, legal fees and utility and property tax adjustments. Again depending on the specifics you may also have to pay municipal land transfer tax, property survey, HST and CMHC Insurance Premiums. Closing costs again vary significantly when selling a property as well. Common costs associated with closing will include: Real estate commissions, legal fees, utility and property tax adjustments and mortgage discharge fees. The best way to budget for closing costs is to speak with your realtor, lawyer and bank to try to calculate them as best as possible.