Question: You decide to buy your dream townhouse that is only $660000 (cheap for Toronto). You manage to save up enough money to make a down-payment

You decide to buy your dream townhouse that is only $660000 (cheap for Toronto). You manage to save up enough money to make a down-payment of 10%. But you also have to remember you have to have enough money for your closing costs. Let's pretend the land transfer tax is 5%, the lawyer costs $1200, the building inspector is $700. How much money should you set aside for closing costs ?

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