British Columbia
On a $900,000 home with 20% down, expect about $18,900 to $25,300 on completion day. Most of it is transfer tax.
An estimate, not a quote.
Down payment
Closing costs, estimated
$18,900 to $25,300
Cash to close, with down payment
$198,900 to $205,300
Estimates only. Your lawyer or notary gives you the final figures before completion.
Property transfer tax is $16,000. The first-time buyer exemption ends at $860,000.
Lawyer or notary, title insurance, an appraisal and an inspection add about $2,100 to $4,300. Adjustments and moving are extra.
Total closing costs are about $18,900 to $25,300, or 2.1% to 2.8% of the price. With the $180,000 down payment, you need about $198,900 to $205,300 on completion day.
At 10% down, default insurance of $25,110 (3.10% of the loan) is added to the loan, not paid in cash. BC charges no PST on it.
What each cost is.
Paid through your lawyer on completion day. 1% to $200,000, 2% to $2,000,000, 3% above, plus 2% on residential value over $3,000,000. Only the first-time buyer and newly built home exemptions lower it.
Expect $1,200 to $2,500, including land title fees. Ask for a written quote.
About $200 to $400, one time. Most lenders require it.
About $300 to $600, if the lender asks for one. Some lenders cover it.
Optional but usual, about $400 to $800. BC inspectors are licensed by Consumer Protection BC.
A Form B costs up to $35 by regulation. The full document set is often $100 to $300.
You repay the seller for property tax, strata fees or utilities they prepaid past completion. It ranges from near zero in January to a few thousand dollars after the July tax due date.
Required under 20% down on homes under $1,500,000. The premium is 2.80% of the loan at 15% down, 3.10% at 10% and 4.00% at 5%. It is added to the mortgage, not paid in cash.
Expect $500 to $3,000 for a local move.
Property transfer tax: 1% to $200,000, 2% to $2,000,000, 3% above, plus 2% on residential value over $3,000,000.
No. It is added to your mortgage, and BC charges no sales tax on it.
You repay the seller for property tax, strata fees or utilities they prepaid past your completion date. If the seller owes tax, you get a credit.
Usually $1,200 to $2,500, including land title fees. Ask for a written quote.
Most lenders require it. It costs about $200 to $400, one time.
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Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Tax rates checked on 2026-10-06. Other costs are typical ranges, not quotes. Not legal, tax or financial advice.