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EZtoFind.ca provides general educational information about BC real estate — not legal, tax, financial, or real estate advice. For your own situation, speak with the appropriate licensed professional: a BC lawyer or notary, an accountant or tax professional, a licensed mortgage broker, or a licensed REALTOR®.
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Frequently Asked · Closing Costs

How much are closing costs in BC?

The complete line-item breakdown

Closing costs in BC typically total 1.5%–4% of purchase price. Here's every line item.

Property Transfer Tax (PTT)

1% on the first $200K + 2% on the portion $200K–$2M + 3% on $2M–$3M + 5% above $3M. First-time buyer exemption available under $835K (2024). See /glossary/property-transfer-tax-ptt.

GST (new homes only)

5% GST on new-build homes. 36% rebate available up to $350K purchase price; sliding scale to zero at $450K.

Legal/notary fees

$1,500–$2,500 typical for a straightforward residential purchase with mortgage.

Title insurance

$300–$500 one-time. Often required by the lender.

Home inspection

$500–$800 for a standard detached home. More for acreage or heritage properties.

Property Tax and Strata Fee adjustments

Pro-rated at closing — you reimburse the seller for the portion of the year they've prepaid.

Mortgage-related

Appraisal ($350–$500), CMHC/Sagen/Canada Guaranty insurance premium (if <20% down).

Move-in costs

Moving company, utility hookups, home insurance premium — not strictly 'closing' but budget these.

Ready to talk numbers?

Educational information only — not legal, tax, financial, or real-estate advice. Doug LeMaire, REALTOR® · BCFSA #167790 · Fraser Property Management Realty Services Ltd. Not intended to solicit or induce an agreement already in place.
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