There are many costs that homebuyers incur, especially upon purchasing your first home that you should expect to pay. Some of the expenses related to buying a home are one-time costs, while others are continuing costs. Your largest cost at the beginning is your down payment. As a first time buyer, this would likely represent only 5-10 per cent of the purchase price. However, you should be prepared to pay for additional costs, such as: • Legal fees and disbursement • GST • Property or Land Transfer Tax • Adjustments (reimbursed to the vendor)       - interest       - property taxes       - utility payments • Strata or condominium fees • Estoppel certificate fee • Survey fee • Home inspection fee • Water quality and quantity certificate • Appraisal fee • Mortgage broker's fee (if applicable) • Mortgage Loan insurance premium (if only 5 per cent down) • Mortgage Loan insurance application fee (if only 5 per cent down) • Moving expenses • Renovations and repairs • Furniture, paint, carpeting, window coverings, etc. • Service and utility hook-up fees • Property/condominium insurance • Mortgage application fee • Deed and/or mortgage registration fee Additionally, once you have purchased your home, you will incur regular expenses on a monthly, quarterly or yearly basis. Some of these costs include: • Mortgage payment • Water and/or sewer payments • Electricity and gas services • Cable and telephone services • Property taxes • Strata or condo fees • Repair/maintenance expenses • Homeowner's insurance