PURCHASING REAL ESTATE IN NOVA SCOTIA

WHAT IS YOUR LAWYER’S ROLE?

Your lawyer’s role is to offer legal advice on property title and items related to closing on your new home. The title to your new property must be investigated for any potential issues that may affect your rights to the property. The lawyer will prepare your closing documents and arrange for the transfer of funds and property title.


WHAT ARE THE TYPICAL CLOSING COSTS?

real estate

In addition to your purchase price, there are additional costs that you may need to budget for on closing day, which include:

  • • Deed Transfer Tax
  • • Courier expenses
  • • Legal fees
  • • Service Nova Scotia registration/recording fees
  • • Title insurance
  • • Repayment of property taxes prepaid by your seller
  • • Tax certificate fee
  • • Fuel adjustments (repayment of oil or propane tanks filled by your seller)

Your lawyer can provide a detailed breakdown for your property. These costs, along with any additional funds not provided by your lender, will need to be given to your lawyer by way of bank draft/certified cheque.