Buying a home is one of the most exciting milestones in life, but many Canadians discover hidden costs and challenges along the way. From financial surprises to logistical headaches and emotional burnout, moving can be more complicated and more expensive than expected. That’s why REALTORS® across Canada have compiled real-world insights to help Canadians prepare. Here are 10 things buyers wish they knew before moving.

10 Things Canadians Wish They Knew Before They Moved

1. Closing costs add up.
Tip: Don’t forget about legal fees, land transfer taxes, and insurance. They can total thousands on top of your down payment.

2. Pre-approval beats pre-qualification.
Tip: Getting fully pre-approved gives buyers more confidence and gives realtors leverage when negotiating.

3. Renovation reality check.
Tip: A fixer-upper can look affordable until you factor in the true cost of repairs. Get estimates early.

4. The emotional toll is real.
Tip: Buying and moving is stressful. Give yourself time and don’t let pressure force a bad decision.

5. The house isn’t the only expense.
Tip: Movers, storage, new locks, paint, and utilities can add up to more than you think.

6. Timing can save (or cost) thousands.
Tip: Buying and selling in the same market often evens things out but rushing can lead to expensive compromises.

7. Never skip a home inspection.
Tip: Even new builds can hide costly problems. An inspection can save you thousands down the line.

8. Neighbourhood matters more than finishes.
Tip:You can change the floors, but you can’t change your commute, schools, or street.

9. Cash buffers are essential.
Tip: Having three months of mortgage payments in savings can protect you from surprises.

10. The right REALTOR® makes all the difference.
Tip: Trusted advice from someone who’s seen it all helps buyers avoid the mistakes first-timers often make.

Canadians can explore 100 tips from REALTORS®, and even order a fun packing tape featuring all tips, at tapetips.ca.