In the excitement of beginning a search for a home, many people jump right in without considering all of the elements that make a home truly right for them. It is a complicated and personal process and making the wrong purchase can be costly in many ways: you could lose money, waste time and effort relocating, or even put your family’s happiness by the wayside.

The following are some things to consider when identifying your ideal home and planning a successful purchase.


Land Transfer Tax

When you acquire land, you pay a Land Transfer Tax to the province when the transaction closes. It is normally based on the amount paid for the land, in addition to any mortgage or debt assumed as part of the agreement to buy the land.

Land Transfer Tax is generally calculated using the following formulas based on your purchase price:

  • on the first $55,000: 0.5%
  • from $55,000 to $250,000: 1%
  • from $250,000 to $400,000: 1.5%
  • over $400,000: 2%

Please note, if you are a first-time homebuyer, you are eligible to receive an exemption. Speak to your lawyer for the most up-to-date information.

Lawyer’s Fees

You’ll need to hire a lawyer to review your Agreement of Purchase and Sale, as well as any documents like Status Certificates or requisitions. The lawyer will make arrangements for Title Insurance, mortgage statements, any adjustments, ownership changes, payment of fees, keys, etc.

Lawyers’ rates vary from practice to practice depending on many factors such as disbursement fees, mortgage type, etc.

Home Owners’ Insurance

All mortgage companies require you to carry home insurance. The costs vary depending on your coverage and the company you use (just as with car insurance). Some companies offer a discount if you insure your home and automobile with them.

Home Inspections

You may wish to have the home inspected as part of the buying process. Check out our page of tips regarding Inspections and their different types.

Moving Costs & Utility Hook Ups

Moving costs are something to consider, whether you’re making the move across town or across the country! You may choose to rent a truck and move everything yourself, or you may want to hire a reputable moving company to do the heavy lifting for you.

Make sure they are insured and bonded, and that they come with the gleaming recommendation from people you trust. You don’t want to leave all your belongings with people you don’t know!

Once you have purchased a home, you can begin setting up your utilities at the new property. Often this can (and should) be done in advance of closing, so don’t wait until the last moment to get these accounts set up.

In Brantford, the following companies are generally used for utilities:

  • GAS: Enbridge Gas 1-888-774-3111
  • HYDRO: Brantford Power (519) 751-3522
  • WATER/SEWER: City of Brantford (519) 756-1360
  • WATER HEATER RENTALS: Reliance Home Comfort 1-888-837-1451
  • PHONE/TV/INTERNET: Bell, Rogers, Teksavvy, etc.


Choosing a Neighbourhood

Remember that you can renovate a house, but neighbourhoods take years to change — and there’s no guarantee they’ll change for the better! On the other hand, if you really love a certain part of town but it’s out of your price range you may want to consider buying a less-than-perfect home and doing some renovations.

Improvements can become expensive if you’re not sure what you’re getting into – this is where a knowledgeable home inspector and REALTOR® can help!

When searching for a home to renovate, try to focus on the areas that will provide the greatest return on investment.

These renovations have been found to have the greatest payback: kitchen 70%, bathroom 68%, interior painting 65%, exterior painting 62%.

When you find a locale you like, spend some time in that neighbourhood (walk around, shop, go for lunch, etc). It’s often a good idea to visit the neighbourhood at different times of the day.

This will give you a good idea of how busy the area actually is. During your time have you noticed if the people are friendly? Are there stores and recreation facilities nearby that suit you and your family’s needs?

You may wish to also look for a neighbourhood close to the school(s) you want your children to attend. In Brantford, we have two school boards that you can contact and inquire about their services.

Grand Erie District School Board:
33 Elementary Schools (JK-Grade 8) and 6 Secondary Schools (Grade 9-12)
School Board Office: 519-756-6301

Brant Haldimand Norfolk Catholic District School Board:
16 Elementary Schools (JK-Grade 8) and 3 Secondary Schools (Grade 9-12)
School Board Office: 519-756-6369

Speak to a Professional

Speaking to a financial expert is the best way to start off on the right foot. Mortgage specialists or financial planners are excellent resources to give you accurate numbers on what you can comfortably afford without being “house poor”.

Taking this initial step will benefit you and your family prior to searching for the perfect home. Often when people are unsure of what they can afford, they inevitably end up with feelings of “being let down” and “disappointed” when they find the homes they love are out of their price range.


This refers to documents from a financial institution indicating that you have the financing to purchase a home. Pre-qualification is free and most lenders are happy to sit down with prospective buyers and figure out how much they can afford.

Having an accurate idea of price range will save time in the bidding process. If there are several people making offers on your dream home, being pre-qualified can make your offer more attractive since financing is not in question.

It is important to note, however, that lending institutions will base their final decision about a mortgage on the ability of the buyer to service the debt as well as the property.

Most lenders state that the two components go hand in hand – the buyer with the ability to repay a mortgage and the property as security in the event of default on payment.

It is important to note that a pre-qualification is highly dependent on the accuracy of the information provided by the buyer. No credit report is pulled and lenders often do not look in depth at a person’s financial situation during this stage of qualifying.

By taking all these points into consideration, you can worry less about the process of buying and get busy finding your ideal home! For more information on the costs and considerations of buying a home, please contact The Kate Broddick Team, Brantford, Brant County & Norfolk County Real Estate Agents with Revel Realty Inc.

*All information provided by the Brantford Regional Real Estate Association (BRREA) and ITSO for the highest number of completed transactions since January 1, 2015. All Brantford MLS® House Listings come from the various systems operated by Real Estate Boards and Associations across Canada. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used underlicense. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Chris Tomlin
Chris Tomlin
Kate and her team sold our house much quicker than expected and for more than what we hoped to get from a buyers market. We are very happy with our result. Kate’s honest approach without the typical “sales spin” was without a doubt what impressed us the most. Start to finish a flawless transaction.
Kate and her amazing team know their stuff when it comes to selling a home. Friendly , professional , knowledgeable are just a few thoughts that come to mind. I can easily highly recommend Kate Broddick - The Kate Broddick Team to meet your real estate needs.
Kim J Pollock
Kim J Pollock
From start to finish Kate and her team were amazing to deal with... any questions we had were answered very quickly as well. Would highly recommend this team to look after your next move.... every member we dealt with were very professional .
David Pollock
David Pollock
Selling a home in today's market isn't fun, with the increased interest rates folks are really taking their time with choosing a home and houses are on the market longer than they used to. That said, Kate and her team were professional and managed to get our house as well as my mother's home sold. It was unfortunate that interest rates increased during the time we initially spoke to her and her team and when we listed, so we didn't get quite what we were expecting. The Broddick team got the job done as promised and we're settled in our new home. I'd recommend using Kate and her team if your considering selling your home.
Mary Potter
Mary Potter
We appreciated that Jess Brennan was our agent during the purchase and sale of our homes. Not only was she friendly and personable, her legal experience was invaluable when we purchased a home that hadn’t gone through probate yet. When things did not go as planned and the sale of our home unexpectedly fell through the day we were to move, Jess was with us every step of the way and worked quickly to put our house back on the market and get our home sold so that we could move. Although it was a stressful time, Jess gave us excellent advice and we had confidence that she was looking out for our best interest.
nathan costa
nathan costa
Kate and her team made selling our home an easy process. The knowledge and experience she has made any bumps in the road a smooth drive. I would highly recommend!
Kassie Barlow
Kassie Barlow
Hands down the best real estate agent. Kate and her team are incredible, very knowledgeable and over all just made my husband and I comfortable with the sale of our first home. I would recommend them to anyone.
Leeanne Vreugdenhil
Leeanne Vreugdenhil
Kate and her team took the time and care to make the process easy and less stressful then it could have been. We are thankful for all their wonderful work for both our purchase and sale.

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