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®.
General information only — not legal, tax, financial, or real-estate advice. Verify with a licensed BC professional before acting.
The double-cost period is the interval during a buy-first transaction (or a briefly overlapping simultaneous transaction) during which the consumer is carrying costs on both the existing home and the newly purchased home at the same time. Costs typically include two mortgage payments (or one mortgage plus bridge-financing interest), two sets of property taxes, two utility bills and, if applicable, two sets of strata fees. Consumers commonly estimate this period at 30 to 90 days when planning finances. Any specific budget should be discussed with a mortgage broker or financial professional.
Frequently Asked Questions
How long is a typical double-cost period?
It varies with market conditions and the buyer's transaction sequence. Consumers often plan for 30–90 days, with a longer runway (up to 120 days) recommended in slower markets. Discuss the appropriate contingency with your mortgage broker.
All content on EZtoFind.ca, including Doogie's responses, the Glossary, Terms, FAQ's, community pages, weather, mortgage calculator, property transfer tax calculator is general information provided for educational purposes and is not a substitute for professional guidance tailored to your situation.
