10 Unexpected Costs of Buying a Home in Ottawa (And How to Budget for Them)

Most buyers focus on the down payment and mortgage when planning to purchase a home in Ottawa. But there are plenty of additional costs that can catch you off guard if you’re not prepared. Knowing what they are—and how to budget for them—can make the difference between a smooth transition into your new home and a stressful financial scramble.

Here are 10 of the most common unexpected costs of buying a home in Ottawa and what you should plan for in your budget.

1. Land Transfer Tax in Ontario

When you buy a property in Ottawa, you’ll pay Ontario’s land transfer tax. This is a percentage of the home’s purchase price, calculated on a sliding scale. For example, on a $500,000 home, the tax is roughly $6,475. First-time buyers may qualify for a rebate, but for most buyers, this is one of the largest upfront costs.

2. Status Certificate Fees (for Condos)

If you’re buying a condo in Ottawa, your lawyer will recommend reviewing the status certificate. This document shows the building’s financial health, rules, and upcoming repairs. In Ontario, the fee is capped at $100, but it’s still an added cost many buyers don’t anticipate.

3. Home Inspection Fees

A professional home inspection is highly recommended before finalizing your purchase. In Ottawa, inspections typically cost between $400 and $700, depending on the size and type of property. This upfront investment can save you thousands by identifying potential issues before closing.

4. Appraisal Costs

Even with a pre-approval, your lender may require a home appraisal to confirm the property’s value. Appraisals usually cost between $300 and $500 in Ottawa, and while some lenders cover the cost, buyers should be prepared to pay.

5. Moving Expenses in Ottawa

Whether you’re hiring a moving company or renting a truck, moving comes with its own costs. Professional movers in Ottawa generally charge $150–$200 per hour, while truck rentals average $80–$120 plus mileage. Don’t forget to budget for packing supplies and storage if needed.

6. Utility Setup & Connection Fees

When you move into your new home, you’ll need to set up hydro, gas, internet, and water services. Hydro Ottawa and Enbridge both charge connection fees, often in the $30–$60 range per service. Internet and cable companies also charge activation fees, which can add up quickly.

7. Property Insurance & Title Insurance

Lenders require you to have property insurance in place on closing day. Annual premiums vary but often start around $1,000. Title insurance, which protects against ownership issues or fraud, is a one-time fee of about $250–$400 in Ontario.

8. Condo Reserve Fund Contributions or Special Assessments

If you’re buying a condo, you’ll contribute monthly to the reserve fund through condo fees. Occasionally, buildings levy special assessments to cover unexpected major repairs. These can range from a few hundred to several thousand dollars, so it’s wise to budget some wiggle room.

9. Legal Fees & Disbursements

Your lawyer’s work—reviewing contracts, registering your mortgage, and managing closing documents—comes with professional fees. In Ottawa, legal fees typically range from $1,500 to $2,500, plus HST and disbursements like title searches and courier charges.

10. Immediate Home Maintenance & Furniture

Even in move-in ready homes, you’ll likely face some “day-one” costs: changing locks, painting, replacing appliances, or buying new furniture. Setting aside at least 1–2% of the home’s purchase price for these initial expenses is a smart move.

How to Budget for These Costs in Ottawa

The best way to avoid surprises is to plan ahead. Beyond your down payment and closing costs, set aside an additional 3–5% of the home’s purchase price to cover these unexpected expenses. This buffer ensures you’re financially prepared for the true cost of home ownership.

At New Purveyors, we walk our clients through these numbers step-by-step so there are no last-minute surprises. From explaining land transfer tax to reviewing status certificates and connecting you with trusted professionals, we help you budget with confidence.

Looking to buy a home in Ottawa?
Reach out to our team of experienced real estate professionals today. We’ll guide you through the process, keep your budget on track, and make sure your move is as smooth as possible.