40
$999,900
$397/sqft
3 bd · 3 ba · 2,519 sqft
12118 Acadia Street
Maple Ridge · Single Family Residence
Listed by Royal LePage Elite WestMLS® R3176442
Cost of buying in Maple Ridge
The cost of buying a home in Maple Ridge
At the $1,099,999 median, you need $108,050 to close. That is the minimum down payment plus closing costs.
- Median asking
- $1.10M
- Closing costs
- $23K
- Minimum down
- $85K
- Cash to close
- $108K
Source: BCRES MLS® median asking price.
Cash to close
Starts at the median asking price in Maple Ridge. Enter your own.
Minimum down payment
$85,000
Closing costs
$23,050
Cash to close
$108,050
Cash to close is the minimum down payment plus closing costs.
- Median asking
- $1.10M
- Closing costs
- $23K
- Minimum down
- $85K
- Cash to close
- $108K
Source: BCRES MLS® median asking price.
Where the money goes
On a $1,099,999 home.
Closing costs, $23,050
| Cost | Amount |
|---|---|
Property transfer tax1% on the first $200,000, 2% to $2,000,000, 3% above. | $20,000 |
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 | $23,050 |
Minimum down payment5% of the first $500,000, 10% above that, 20% of the whole price from $1,500,000. | $85,000 |
Cash to closeMinimum down payment plus closing costs. | $108,050 |
- Default insurance of about $40,600 is added to the mortgage, not paid in cash.
- Not included: adjustments ($300 to $2,000) and moving ($500 to $3,000).
At the Maple Ridge median
The median asking price in Maple Ridge is $1,099,999. On a purchase at that price the closing costs come to roughly $23,050, about 2.1% of the price, on top of your down payment.
Property transfer tax is the largest single piece at $20,000. 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 Maple Ridge it reaches only the lower end of the market.
The minimum down payment on $1,099,999 is $85,000, which puts the cash needed to close at roughly $108,050.
As a share of price, that is in line with the rest of the province, where the median is about 2.1%.
Homes near $1.10M in Maple Ridge
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33
$1,035,000
$537/sqft
3 bd · 2 ba · 1,928 sqft
23017 122a Avenue
Maple Ridge · Single Family Residence
Listed by RE/MAX All Points RealtyMLS® R3157034
40
$1,119,000
$666/sqft
3 bd · 1 ba · 1,681 sqft
12082 261 Street
Maple Ridge · Single Family Residence
Listed by Oracle Realty Ltd.MLS® R3180214
40
$1,149,900
$392/sqft
5 bd · 3 ba · 2,934 sqft
21776 Mountainview Crescent
Maple Ridge · Single Family Residence
Listed by One Percent Realty Ltd.MLS® R3169396
$1,198,000
$491/sqft
4 bd · 2 ba · 2,441 sqft
10560 Robertson Street
Maple Ridge · Single Family Residence
Listed by Royal LePage - WolstencroftMLS® R3181165
22
$998,000
$289/sqft
3 bd · 2 ba · 3,448 sqft
12114 Rothsay Street
Maple Ridge · Single Family Residence
Listed by Oracle Realty Ltd.MLS® R3178383
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 $28,048 in closing costs
See the breakdown
Surrey
About $21,048 in closing costs
See the breakdown
Burnaby
About $18,210 in closing costs
See the breakdown
Richmond
About $21,898 in closing costs
See the breakdown
Kelowna
About $16,450 in closing costs
See the breakdown
Langley
About $20,849 in closing costs
See the breakdown
Abbotsford
About $17,048 in closing costs
See the breakdown
Coquitlam
About $20,248 in closing costs
See the breakdown
Questions
How much are closing costs in Maple Ridge?
About $23,050 on the $1,099,999 median price, or 2.1%. Transfer tax is $20,000 of that.
How much cash do I need to close on a home in Maple Ridge?
About $108,050 at the $1,099,999 median. That is the minimum down payment of $85,000 plus $23,050 in closing costs.
How much property transfer tax will I pay in Maple Ridge?
On a $1,099,999 purchase the property transfer tax is $20,000. 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.