Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How much are closing costs on a Saskatoon condo?

Closing costs on a Saskatoon condo generally run 4 to 6 percent of the sale price for a seller, covering commission, legal fees and adjustments together, with legal fees typically $800 to $1,500 since every Saskatchewan sale closes through a lawyer regulated by the Law Society of Saskatchewan.

A condo carries one extra step a detached house does not: the lawyer requests a status certificate and estoppel information from the condo corporation, which discloses reserve fund health and any pending special assessments, and that review is usually included in the standard legal fee range.

Buyers add their own layer on top, including a home inspection, typically $400 to $600, focused on the unit itself since the building's shared systems fall under the condo corporation's own reserve fund and maintenance plan rather than the individual owner's responsibility.

The condo corporation's paperwork is the one thing that makes a condo closing different from a house closing, and it is worth budgeting the time for even though the dollar range is similar. Get your hand-reviewed valuation from Joel Dyck.

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