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

What do buyers pay in closing costs on a Pleasant Hill multi-family?

Buyers of a multi-family property in Saskatoon's Pleasant Hill area face the standard legal fees of $800 to $1,500 and provincial sales tax on mortgage insurance if the down payment is under 20 percent, plus a lender-driven step that single-family buyers skip: rent roll and tenant lease review before financing is approved.

A lawyer handles the closing through Information Services Corporation, and a multi-family purchase often needs a slightly larger legal fee within that $800 to $1,500 range because the file includes tenant estoppel certificates and, where relevant, security deposit transfers documented under the Residential Tenancies Act.

Lenders typically require a larger down payment on a true multi-family building than the standard owner-occupied minimum, so confirm your specific ratio with your mortgage broker before you make an offer, since it changes both your insurance requirement and your cash needed at possession.

Joel Dyck can pull comparable multi-family sales in Pleasant Hill and nearby neighbourhoods so your offer is grounded in what actually closed, not what is listed. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

Still have a question?

Ask Joel directly. No form, no obligation, and a real answer even when the answer is that now is not the time to sell.