{"id":57893,"date":"2022-06-06T14:31:00","date_gmt":"2022-06-06T18:31:00","guid":{"rendered":""},"modified":"2024-10-22T11:24:25","modified_gmt":"2024-10-22T15:24:25","slug":"10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/","title":{"rendered":"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/real-estate\/\">\n\t\t\t\t\t\t\t<span>Real Estate<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Belle Wong<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Man and woman doing research on a laptop in the dining room\u201d\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published June 6, 2022 \u2022 6 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>For many recent newcomers to Canada, buying a home is a big step towards feeling settled. It&#8217;s exciting to be buying a new home in your new country. As a Canadian immigrant, you&#8217;ve likely been thinking about how much home you can afford. But the cost of a new home in Canada goes beyond the home&#8217;s purchase price.<\/p>\n\n\n\n<p>Here are 10 \u201chidden&#8221; new home costs you may not know about as a newcomer to Canada.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. Land transfer tax<\/h2>\n\n\n\n<p>Land transfer tax is payable on any purchase of property in Canada. Each province has its own rules for determining the amount payable. And some municipalities also levy their own land transfer tax. For example, Toronto home buyers have to pay a <a href=\"https:\/\/www.toronto.ca\/services-payments\/property-taxes-utilities\/municipal-land-transfer-tax-mltt\/municipal-land-transfer-tax-mltt-rates-and-fees\/\" target=\"_blank\" rel=\"noopener\">Municipal Land Transfer Tax<\/a> in addition to <a href=\"https:\/\/www.fin.gov.on.ca\/en\/tax\/ltt\/\" target=\"_blank\" rel=\"noopener\">Ontario&#8217;s land transfer tax<\/a>.<\/p>\n\n\n\n<p>The good news for first time home buyers is that in some provinces when you buy your first home you may be eligible for a rebate. <a href=\"https:\/\/www.ratehub.ca\/land-transfer-tax-british-columbia\" target=\"_blank\" rel=\"noopener\">British Columbia<\/a>, for example, offers a land transfer tax rebate for first time home buyers who meet certain conditions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. Legal fees and disbursements<\/h2>\n\n\n\n<p>Your real estate lawyer has probably given you a flat fee quote for their services, plus GST\/HST and disbursements. It&#8217;s easy enough to calculate the GST\/HST, but what about the disbursements?<\/p>\n\n\n\n<p>A disbursement is any cost or fee that your lawyer incurs while working on your purchase transaction. These disbursements include fees for searches and registrations, as well as office expenses, such as photocopies and courier costs. For example, your lawyer will need to do a title search, and that fee is included in your disbursements.<\/p>\n\n\n\n<p>The disbursements you&#8217;ll be charged will vary depending on your lawyer. Also, some lawyers include land transfer tax as part of a transaction&#8217;s disbursements, while others list it as a separate item. To help you budget for your disbursement costs, it&#8217;s always a good idea to ask your lawyer for an estimate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. Title insurance<\/h2>\n\n\n\n<p>When you purchase your new home in Canada, the title to the property \u2014 its legal ownership \u2014 is transferred to you. Title insurance provides coverage for any issues affecting your property&#8217;s title.<\/p>\n\n\n\n<p>For example, title insurance would provide coverage for any liens against the property, such as unpaid utility bills. It would also protect you against any errors in official records that might affect your ownership of the property. While title insurance is optional, it&#8217;s often recommended for first time home buyers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. Land survey fee<\/h2>\n\n\n\n<p>A land survey provides information about the property&#8217;s boundaries and shows where buildings are situated. Most Canadian mortgage lenders require an up-to-date land survey of the property being mortgaged.<\/p>\n\n\n\n<p>Many properties listed for sale will already have an up-to-date land survey, but if the property you&#8217;re purchasing doesn&#8217;t, and your lender requires one, you&#8217;ll need to commission and pay for a survey.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5. Appraisal fee<\/h2>\n\n\n\n<p>An appraisal confirms that a property is worth the amount for which it&#8217;s being sold or mortgaged. Your mortgage lender might also require a home appraisal. In Canada, an appraisal is performed by a licensed professional who assesses the home and provides you with an estimate of its market value.<\/p>\n\n\n\n<p>If your lender requires an appraisal, they may ask you to obtain one, or they may get one done themselves, but typically the buyer is expected to pay the fee.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">6. Home inspection fee<\/h2>\n\n\n\n<p>A home inspection is another recommended but optional cost when buying a home in Canada. A professional home inspector may turn up hidden problems even if your new home looks defect-free. For example, the roof might need to be replaced in a couple of years or there may be a slow leak hiding behind a wall. This could influence your decision to buy \u2014 or the amount of your offer.<\/p>\n\n\n\n<p>As the buyer, you&#8217;re responsible for paying for the inspection. But if the seller has already obtained a home inspection, you will need to decide whether you want to get your own as well.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">7. Canada Mortgage and Housing Corporation (CMHC) costs<\/h2>\n\n\n\n<p>If your down payment for your new home is less than 20% of the purchase price, you&#8217;re required to have a mortgage loan or mortgage default insurance, which is typically obtained from CMHC. Usually, your mortgage lender pays the CMHC premium and then passes the cost on to you.<\/p>\n\n\n\n<p>If you haven&#8217;t applied for a mortgage yet, you can check <a href=\"https:\/\/www.cmhc-schl.gc.ca\/en\/consumers\/home-buying\/mortgage-loan-insurance-for-consumers\/cmhc-mortgage-loan-insurance-cost\" target=\"_blank\" rel=\"noopener\">CMHC&#8217;s rate chart<\/a> to get an idea of the costs before you apply. Keep in mind, too, that if you&#8217;re buying a home in Ontario, Quebec, or Saskatchewan, you&#8217;ll also pay Provincial Sales Tax (PST) on the CMHC premium.<\/p>\n\n\n\n<div class=\"wp-block-columns has-border-color has-grey-border-color has-light-grey-background-color has-background is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\" style=\"border-width:1px\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>Looking to buy a home as a newcomer to Canada? Make an appointment with a&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/dms\/enterprise\/newcomers\/meeting-place.html\" target=\"_blank\" rel=\"noreferrer noopener\">RBC Newcomer Advisor<\/a>&nbsp;and see how they can help.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">8. Property insurance<\/h2>\n\n\n\n<p>If you&#8217;re getting a mortgage, you&#8217;ll need property insurance in place before you close on your new home. But even if you&#8217;re purchasing a house without a mortgage, property insurance can be important.<\/p>\n\n\n\n<p>This type of coverage insures against the risk of damage to your property and provides you with the funds to replace your home \u2014 and its contents \u2014 if necessary. In Canada, you can obtain property insurance from most insurance providers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">9. New home warranty costs and GST\/HST<\/h2>\n\n\n\n<p>If your home is a newly built home, the builder or seller must provide you with a new home warranty that protects against certain construction defects. While builders pay the fee for this warranty, they often pass this cost along to the purchaser.<\/p>\n\n\n\n<p>New homes are also subject to GST\/HST. Your builder may have included this amount in your purchase price, but if not, you&#8217;ll need to pay it at closing. There is some good news here, as well, as you might be eligible to get some of it back through the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/forms-publications\/publications\/rc4028\/gst-hst-new-housing-rebate.html\" target=\"_blank\" rel=\"noopener\">federal GST\/HST new housing rebate<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">10. Adjustments<\/h2>\n\n\n\n<p>There are two types of adjustments you may need to budget for when buying a home in Canada.<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">First, there are closing adjustments that represent your reimbursement of any property taxes or utility fees that the seller has already prepaid.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>The second type of adjustment has to do with your mortgage interest. If your closing is mid-month, your lender might ask you to pay an interest adjustment on the first of the following month, even though your first mortgage payment isn&#8217;t due until the middle of that month.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>It&#8217;s exciting to be buying a new home in your new country. Some of these costs are optional, depend on the type of property you&#8217;re purchasing, or may be required by your mortgage lender. But as a first time home buyer, it&#8217;s important to know about potential costs so you can factor them into your new home budget.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large  mar-b-hlf\"><a href=\"https:\/\/www.rbc.com\/newcomers\/_assets-custom\/pdf\/Finding-a-Home-Guide-for-Newcomers.pdf\"><img loading=\"lazy\" decoding=\"async\" height=\"512\" width=\"1024\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?quality=80&amp;w=1024\" alt=\"Finding a Home Guide for Newcomers\" class=\"wp-image-90170\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg 1600w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=300,150 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=768,384 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=1024,512 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/113076-WEB_131868_Newcomer_Home_0924_E.jpg?resize=1536,768 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-2ccf1bac-3b47-40ea-bd68-dd2d9cb53319\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-6faa0fd9-1062-4504-a46d-df7cc62844b1\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/home-ownership\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Home Ownership<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/real-estate\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Real Estate<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"The Drive Halifax\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg 3840w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=300,169 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=768,432 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=1024,576 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=1536,864 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/Drive-Halifax-V-2.jpg?resize=2048,1152 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n    <div class=\"content-type-meta\">\n      <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/06\/icon-video-1.png?quality=80\" width=\"80\" height=\"76\" alt=\"icon-video\">\n      <p>4:24<\/p>\n    <\/div>\t\t<div class=\"content-type-meta\">\n\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/06\/icon-video-1.png?quality=80\" width=\"80\" height=\"76\" alt=\"icon-video\">\n\t\t\t<p>4:24<\/p>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/drive\/\">\n\t\t\t\t\t\tThe Drive\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/drive\/new-beginnings-money-banking-and-building-your-future-in-canada\/\" class=\"card-title h4 mar-t-0\">New Beginnings: Money, Banking, and Building Your Future in Canada<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"A newcomer volunteers to manage a local community event\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg 7373w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=300,169 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=768,432 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=1024,576 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=1536,864 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2413196147.jpg?resize=2048,1152 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/employment-in-canada\/\">\n\t\t\t\t\t\tEmployment in Canada\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/employment-in-canada\/why-newcomer-to-canada-should-volunteer\/\" class=\"card-title h4 mar-t-0\">Why newcomers to Canada should volunteer<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"563\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Newcomer couple asking questions to a realtor\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg 7488w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=300,165 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=768,422 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=1024,563 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=1536,844 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/Newcomer-couple-asking-questions-to-a-realtor.jpg?resize=2048,1126 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/\">\n\t\t\t\t\t\tSettling in Canada\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/questions-newcomers-should-ask-the-landlord-or-property-manager-before-you-rent\/\" class=\"card-title h4 mar-t-0\">Questions newcomers should ask the landlord or property manager before you rent<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-2ccf1bac-3b47-40ea-bd68-dd2d9cb53319 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-2ccf1bac-3b47-40ea-bd68-dd2d9cb53319 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-6faa0fd9-1062-4504-a46d-df7cc62844b1 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-6faa0fd9-1062-4504-a46d-df7cc62844b1 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>Are you new to Canada and buying your first home? Here are 10 hidden costs to know that can help you figure out your budget.<\/p>\n","protected":false},"author":80,"featured_media":69096,"parent":57306,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[57,60],"rbc_content_type":[31],"rbc_audience":[59],"rbc_lob_group":[154],"rbc_difficulty_level":[33],"rbc_mmm_category":[310,336,303,314,316,359],"class_list":["post-57893","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-home-ownership","tag-real-estate","rbc_content_type-article","rbc_audience-newcomer","rbc_lob_group-newcomer","rbc_difficulty_level-beginner","rbc_mmm_category-buying-a-home","rbc_mmm_category-buying-your-first-home","rbc_mmm_category-goals-aspirations","rbc_mmm_category-life-events","rbc_mmm_category-new-to-canada","rbc_mmm_category-settling-in-canada"],"acf":{"contently_publication_id":"317981","custom_author":"Belle Wong","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Are you new to Canada and buying your first home? Here are 10 hidden costs to know that can help you figure out your budget.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"Are you new to Canada and buying your first home? Here are 10 hidden costs to know that can help you figure out your budget.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T15:24:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"930\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\"},\"author\":{\"name\":\"jacquelinewu\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e\"},\"headline\":\"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada\",\"datePublished\":\"2022-06-06T18:31:00+00:00\",\"dateModified\":\"2024-10-22T15:24:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\"},\"wordCount\":1161,\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80\",\"keywords\":[\"Home Ownership\",\"Real Estate\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\",\"name\":\"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80\",\"datePublished\":\"2022-06-06T18:31:00+00:00\",\"dateModified\":\"2024-10-22T15:24:25+00:00\",\"description\":\"Are you new to Canada and buying your first home? Here are 10 hidden costs to know that can help you figure out your budget.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80\",\"width\":930,\"height\":620,\"caption\":\"Man and woman doing research on a laptop in the dining room\u201d\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"My Money Matters\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Life Events\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New to Canada\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Settling in Canada\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e\",\"name\":\"jacquelinewu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"caption\":\"jacquelinewu\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"Are you new to Canada and buying your first home? Here are 10 hidden costs to know that can help you figure out your budget.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/","og_locale":"en_US","og_type":"article","og_description":"Are you new to Canada and buying your first home? Here are 10 hidden costs to know that can help you figure out your budget.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/","og_site_name":"RBC Royal Bank","article_modified_time":"2024-10-22T15:24:25+00:00","og_image":[{"width":930,"height":620,"url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/"},"author":{"name":"jacquelinewu","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e"},"headline":"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada","datePublished":"2022-06-06T18:31:00+00:00","dateModified":"2024-10-22T15:24:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/"},"wordCount":1161,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80","keywords":["Home Ownership","Real Estate"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/","name":"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80","datePublished":"2022-06-06T18:31:00+00:00","dateModified":"2024-10-22T15:24:25+00:00","description":"Are you new to Canada and buying your first home? Here are 10 hidden costs to know that can help you figure out your budget.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80","width":930,"height":620,"caption":"Man and woman doing research on a laptop in the dining room\u201d"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"My Money Matters","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/"},{"@type":"ListItem","position":2,"name":"Life Events","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/"},{"@type":"ListItem","position":3,"name":"New to Canada","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/"},{"@type":"ListItem","position":4,"name":"Settling in Canada","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/"},{"@type":"ListItem","position":5,"name":"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e","name":"jacquelinewu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","caption":"jacquelinewu"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/settling-in-canada\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\/"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"jacquelinewu"}],"creator":["jacquelinewu"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["home ownership","real estate"],"dateCreated":"2022-06-06T18:31:00Z","datePublished":"2022-06-06T18:31:00Z","dateModified":"2024-10-22T15:24:25Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"10 Hidden Costs Every Newcomer Should Know When Buying a New Home in Canada\",\"url\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/life-events\\\/new-to-canada\\\/settling-in-canada\\\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/life-events\\\/new-to-canada\\\/settling-in-canada\\\/10-hidden-costs-every-newcomer-should-know-when-buying-a-new-home-in-canada\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/09\\\/TD-2022-06-03T164713.686-1.jpg?quality=80&w=150&h=150&crop=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/09\\\/TD-2022-06-03T164713.686-1.jpg?quality=80\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"jacquelinewu\"}],\"creator\":[\"jacquelinewu\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"RBC Royal Bank\",\"logo\":\"\"},\"keywords\":[\"home ownership\",\"real estate\"],\"dateCreated\":\"2022-06-06T18:31:00Z\",\"datePublished\":\"2022-06-06T18:31:00Z\",\"dateModified\":\"2024-10-22T15:24:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-06-03T164713.686-1.jpg?quality=80&w=930","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/jacquelinewu\/","display_name":"jacquelinewu"},"relative_dates":{"created":"Posted 4 years ago","modified":"Updated 1 year ago"},"absolute_dates":{"created":"Posted on June 6, 2022","modified":"Updated on October 22, 2024"},"absolute_dates_time":{"created":"Posted on June 6, 2022 2:31 pm","modified":"Updated on October 22, 2024 11:24 am"},"featured_img_caption":"","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/home-ownership\/\" class=\"advgb-post-tax-term\">Home Ownership<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/real-estate\/\" class=\"advgb-post-tax-term\">Real Estate<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Home Ownership<\/span>","<span class=\"advgb-post-tax-term\">Real Estate<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/article\/\" class=\"advgb-post-tax-term\">Article<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Article<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/audience\/newcomer\/\" class=\"advgb-post-tax-term\">Newcomer<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Newcomer<\/span>"],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/newcomer\/\" class=\"advgb-post-tax-term\">Newcomer<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Newcomer<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/difficulty-level\/beginner\/\" class=\"advgb-post-tax-term\">Beginner<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Beginner<\/span>"],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/buying-a-home\/\" class=\"advgb-post-tax-term\">Buying a Home<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/buying-your-first-home\/\" class=\"advgb-post-tax-term\">Buying Your First Home<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/goals-aspirations\/\" class=\"advgb-post-tax-term\">Goals &amp; Aspirations<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/life-events\/\" class=\"advgb-post-tax-term\">Life Events<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/new-to-canada\/\" class=\"advgb-post-tax-term\">New to Canada<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/settling-in-canada\/\" class=\"advgb-post-tax-term\">Settling in Canada<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Buying a Home<\/span>","<span class=\"advgb-post-tax-term\">Buying Your First Home<\/span>","<span class=\"advgb-post-tax-term\">Goals &amp; Aspirations<\/span>","<span class=\"advgb-post-tax-term\">Life Events<\/span>","<span class=\"advgb-post-tax-term\">New to Canada<\/span>","<span class=\"advgb-post-tax-term\">Settling in Canada<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"60","primary_rbc_mmm_category":"359","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/80"}],"version-history":[{"count":6,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57893\/revisions"}],"predecessor-version":[{"id":90177,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57893\/revisions\/90177"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/69096"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=57893"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=57893"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=57893"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=57893"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=57893"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=57893"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=57893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}