For Buyers
Closing Costs in Manitoba
Know what to budget for beyond your down payment.
Closing costs are the extra expenses paid around possession and closing day. They are separate from your down payment and must be covered in cash — they cannot be rolled into your mortgage. Planning for them early prevents last-minute surprises.
The Details
Common Closing Costs
- Manitoba Land Transfer Tax
- A provincial tax on every property purchase. Rates are tiered: 0% up to $30K, 0.5% up to $90K, 1% up to $150K, 1.5% up to $200K, and 2% on the amount above $200K. Manitoba does not currently offer a provincial land transfer tax rebate for first-time buyers.
- Legal Fees
- A real estate lawyer is required in Manitoba to complete your purchase. Fees typically range from $1,200–$2,000 depending on complexity, and cover document review, title transfer, and disbursements.
- Title Registration Fees
- Charged by the Province of Manitoba to register the new title in your name. Based on the purchase price; typically a few hundred dollars.
- Title Insurance
- A one-time premium (usually $200–$400) that protects against title defects, fraud, and survey issues. Most lenders require it.
- Home Inspection
- Strongly recommended before waiving conditions. A licensed inspector assesses the structure, roof, mechanical systems, and more. Typically $400–$600 in Winnipeg.
- Appraisal (if required by lender)
- Your lender may require an independent appraisal to confirm the property value supports the loan. Usually $300–$500. Not always required.
- Property Tax Adjustment
- If the seller has prepaid property taxes past your possession date, you reimburse them for the unused portion. This is calculated at closing and varies by timing.
- Moving and Utility Setup
- Moving costs vary widely by distance and volume. Budget for deposits or connection fees on gas, electricity, and internet if switching providers.
Rule of Thumb
Most Manitoba buyers should plan for roughly 1.5%–3% of the purchase price in closing costs. On a $400,000 home that is $6,000–$12,000. The exact amount depends on your situation, lender requirements, and possession timing.
This is general information only. Exact costs should be confirmed with your lender and real estate lawyer before removing financing conditions.
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