Is a home inspection a closing cost and how much does it usually cost?

A home inspection is typically paid before closing rather than on closing day, so it is more accurately a pre-closing cost — but it is part of the overall budget buyers need to plan for when purchasing in Ontario. Skipping it to save money is generally not advisable, particularly on older or complex properties.

Home inspection fees in Ontario vary depending on the size, age, and type of property, as well as the inspector you hire. For a typical detached home, costs commonly range from a few hundred dollars upward, with larger or older homes often costing more. Specialized inspections — such as thermal imaging, radon testing, or sewer scope inspections — are additional and charged separately.

Most offers in Ontario include a condition allowing the buyer to conduct an inspection within a set period. In competitive markets, some buyers have waived inspection conditions to strengthen their offers, which carries real risk. If you are buying without an inspection condition, consider having a pre-offer inspection arranged before submitting your bid. Your real estate lawyer can advise on the risks of waiving conditions in your specific situation.