53
$765,000
$334/sqft
5 bd · 2 ba · 2,287 sqft
1296 Kelglen Crescent
Kelowna · Single Family
Listed by REMAX KelownaMLS® 10402025
Cost of buying in Kelowna
The cost of buying a home in Kelowna
At the $769,999 median, you need $68,450 to close. That is the minimum down payment plus closing costs.
- Median asking
- $770K
- Closing costs
- $16K
- Minimum down
- $52K
- Cash to close
- $68K
Source: BCRES MLS® median asking price.
Cash to close
Starts at the median asking price in Kelowna. Enter your own.
Minimum down payment
$52,000
Closing costs
$16,450
Cash to close
$68,450
Cash to close is the minimum down payment plus closing costs.
- Median asking
- $770K
- Closing costs
- $16K
- Minimum down
- $52K
- Cash to close
- $68K
Source: BCRES MLS® median asking price.
Where the money goes
On a $769,999 home.
Closing costs, $16,450
| Cost | Amount |
|---|---|
Property transfer tax1% on the first $200,000, 2% to $2,000,000, 3% above. | $13,400 |
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 | $16,450 |
Minimum down payment5% of the first $500,000, 10% above that, 20% of the whole price from $1,500,000. | $52,000 |
Cash to closeMinimum down payment plus closing costs. | $68,450 |
- Default insurance of about $28,720 is added to the mortgage, not paid in cash.
- Not included: adjustments ($300 to $2,000) and moving ($500 to $3,000).
At the Kelowna median
The median asking price in Kelowna is $769,999. On a purchase at that price the closing costs come to roughly $16,450, about 2.1% of the price, on top of your down payment.
Property transfer tax is the largest single piece at $13,400. The rest is legal and conveyancing, an inspection, an appraisal and title insurance, which together run about $3,050.
A qualifying first-time buyer would pay $5,400 of that transfer tax instead of $13,400, bringing closing costs to about $8,450. The exemption carries residency and prior-ownership conditions, so treat it as a figure to confirm rather than assume.
The minimum down payment on $769,999 is $52,000, which puts the cash needed to close at roughly $68,450, or $60,450 as a first-time buyer.
As a share of price, that is in line with the rest of the province, where the median is about 2.1%.
Homes near $770K in Kelowna
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50
$749,000
$379/sqft
4 bd · 2 ba · 1,976 sqft
245 Holbrook Road
Kelowna · Single Family
Listed by Royal LePage KelownaMLS® 10398787
64
$699,900
$391/sqft
3 bd · 3 ba · 1,791 sqft
#118, 5300 Main Street
Kelowna · Single Family
Listed by Sotheby's International Realty CanadaMLS® 10404217
$849,000
$448/sqft
4 bd · 3 ba · 1,893 sqft
195 Jupiter Road
Kelowna · Single Family
Listed by Royal LePage Global Force RealtyMLS® 10388145
$839,000
Lot 5 Upper Booth Road
Kelowna · Vacant Land
Listed by Royal LePage KelownaMLS® 10405454
$779,000
Lot 3 Upper Booth Road
Kelowna · Vacant Land
Listed by Royal LePage KelownaMLS® 10405456
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 $21,549 in closing costs
See the breakdown
Burnaby
About $18,230 in closing costs
See the breakdown
Richmond
About $21,500 in closing costs
See the breakdown
Langley
About $20,849 in closing costs
See the breakdown
Abbotsford
About $17,049 in closing costs
See the breakdown
Coquitlam
About $20,220 in closing costs
See the breakdown
Chilliwack
About $16,048 in closing costs
See the breakdown
Questions
How much are closing costs in Kelowna?
About $16,450 on the $769,999 median price, or 2.1%. Transfer tax is $13,400 of that.
How much cash do I need to close on a home in Kelowna?
About $68,450 at the $769,999 median. That is the minimum down payment of $52,000 plus $16,450 in closing costs.
How much property transfer tax will I pay in Kelowna?
On a $769,999 purchase the property transfer tax is $13,400. 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. A qualifying first-time buyer would pay $5,400 instead.
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.