27
$899,900
$667/sqft
3 bd · 3 ba · 1,349 sqft
#58, 1320 Riley Street
Coquitlam · Townhouse
Listed by RE/MAX All Points RealtyMLS® R3170251
Cost of buying in Coquitlam
The cost of buying a home in Coquitlam
At the $962,900 median, you need $91,598 to close. That is the minimum down payment plus closing costs.
- Median asking
- $963K
- Closing costs
- $20K
- Minimum down
- $71K
- Cash to close
- $92K
Source: BCRES MLS® median asking price.
Cash to close
Starts at the median asking price in Coquitlam. Enter your own.
Minimum down payment
$71,290
Closing costs
$20,308
Cash to close
$91,598
Cash to close is the minimum down payment plus closing costs.
- Median asking
- $963K
- Closing costs
- $20K
- Minimum down
- $71K
- Cash to close
- $92K
Source: BCRES MLS® median asking price.
Where the money goes
On a $962,900 home.
Closing costs, $20,308
| Cost | Amount |
|---|---|
Property transfer tax1% on the first $200,000, 2% to $2,000,000, 3% above. | $17,258 |
Legal and conveyancingA typical fee, not a quote. | $1,800 |
Home inspectionDone before your offer is final. | $600 |
AppraisalOften required by the lender. | $400 |
Title insurance | $250 |
Closing costs | $20,308 |
Minimum down payment5% of the first $500,000, 10% above that, 20% of the whole price from $1,500,000. | $71,290 |
Cash to closeMinimum down payment plus closing costs. | $91,598 |
- Default insurance of about $35,664 is added to the mortgage, not paid in cash.
- Not included: adjustments ($300 to $2,000) and moving ($500 to $3,000).
At the Coquitlam median
The median asking price in Coquitlam is $962,900. On a purchase at that price the closing costs come to roughly $20,308, about 2.1% of the price, on top of your down payment.
Property transfer tax is the largest single piece at $17,258. The rest is legal and conveyancing, an inspection, an appraisal and title insurance, which together run about $3,050.
At this price the first-time buyer exemption does not apply. It phases out between $835,000 and $860,000 and is gone above that, so in Coquitlam it reaches only the lower end of the market.
The minimum down payment on $962,900 is $71,290, which puts the cash needed to close at roughly $91,598.
As a share of price, that is in line with the rest of the province, where the median is about 2.1%.
Homes near $963K in Coquitlam
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9
$989,900
$727/sqft
3 bd · 3 ba · 1,362 sqft
#113, 1301 Brewster Drive
Coquitlam · Townhouse
Listed by MLA Canada RealtyMLS® R3157235
12
$899,900
$615/sqft
2 bd · 3 ba · 1,464 sqft
#123, 1292 Rosenburg Way
Coquitlam · Townhouse
Listed by Breakside Real Estate GroupMLS® R3178583
7
$949,900
$649/sqft
3 bd · 3 ba · 1,464 sqft
#124, 1292 Rosenburg Way
Coquitlam · Townhouse
Listed by Breakside Real Estate GroupMLS® R3174862
25
$879,000
$566/sqft
3 bd · 4 ba · 1,554 sqft
#33, 1299 Coast Meridian Road
Coquitlam · Townhouse
Listed by Sutton Group - 1st West RealtyMLS® R3119259
15
$954,900
$1,005/sqft
3 bd · 2 ba · 950 sqft
#2409, 609 Tyndall Street
Coquitlam · Apartment/Condo
Listed by 1NE Collective Realty Inc.MLS® R3142261
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).
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Closing costs in other BC cities
Vancouver
About $28,050 in closing costs
See the breakdown
Surrey
About $21,048 in closing costs
See the breakdown
Burnaby
About $18,050 in closing costs
See the breakdown
Richmond
About $21,946 in closing costs
See the breakdown
Kelowna
About $16,626 in closing costs
See the breakdown
Langley
About $20,930 in closing costs
See the breakdown
Abbotsford
About $17,048 in closing costs
See the breakdown
Chilliwack
About $16,048 in closing costs
See the breakdown
Questions
How much are closing costs in Coquitlam?
About $20,308 on the $962,900 median price, or 2.1%. Transfer tax is $17,258 of that.
How much cash do I need to close on a home in Coquitlam?
About $91,598 at the $962,900 median. That is the minimum down payment of $71,290 plus $20,308 in closing costs.
How much property transfer tax will I pay in Coquitlam?
On a $962,900 purchase the property transfer tax is $17,258. British Columbia charges 1% on the first $200,000, 2% on the portion to $2,000,000, and 3% above that, with a further 2% on residential value over $3,000,000.
Who qualifies for the first-time home buyer exemption in BC?
A first-time buyer who qualifies pays no transfer tax on the first $500,000, saving up to $8,000, on a home priced up to $835,000. The saving shrinks between $835,000 and $860,000 and ends above that. Conditions apply. Check with gov.bc.ca before you rely on it.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: BCRES MLS® asking prices, with tax rates from gov.bc.ca and canada.ca.
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).
CorrectionsReport a correction
Rates verified against gov.bc.ca on 2026-07-22. Other costs are typical amounts, not quotes. Not tax or legal advice.