The main advice given by Canadian realtors: do not buy suspiciously cheap housing. The low cost of apartments or townhouses is often explained by large utility costs for electricity, gas, water.
All transactions related to the purchase or sale of real estate in Canada are conducted by licensed law firms. The interests of the seller and the buyer are reliably protected by Canadian law. The risk of losing money or becoming a victim of fraud is practically reduced to zero. In addition to the cost of real estate, the buyer incurs additional costs, namely: Payment for the services of a lawyer. Payment for registration of ownership rights.
Home insurance. State duty (LandTransferTax), the exact cost of which depends on the value of the property. The cost of technical inspection of the house. Connection to public utilities (gas, electricity, water, telephone). The transaction is carried out by bank transfer, and special trust accounts are established, which cannot be used for other purposes other than the purchase and sale of a specific real estate object. The seller gets access to funds only after the housing is reissued in the name of the buyer.