I would be tempted to run the whole thing from one transformer, as I can see your not afraid of using a switching regulator. But, then, the thing that drives transformer cost is often the current rating, so I can see why you thought it would be better to go with a higher voltage and just switch down to +5V. The thing that bothers me about this is that a 5A switcher of such a simple configuration is going to be noisy, both electrically and magnetically and may be a hassle, forcing you to add some additional output filtering which may reduce your efficiency. I wonder if it might be better to go the other way, that is to just get only one transformer that can put out enough power for all outputs, then use a linear regulator for the 5V output (perhaps the transformer is a 6.3V type), and switching regulators to generate the +12 and -5 at 1 A. This will need a bit more thought.
By the way, your circuit can't work they way you've drawn it, since you can't get a negative voltage from a positive voltage using a 7905. And your rectifier configuration on the output of T2 doesn't make any sense. Why have you taken the output from the terminal 2 of D4 rather than terminal 1?