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Closing Costs Surprise Many

43% of Canadians polled recently by Ipsos said they were unprepared for up-front closing costs before making the offer on their first home.

Mortgage insurance, legal fees and land transfer taxes were the most common “shockers.”

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Last modified: July 5, 2007

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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