38
$799,900
$405/sqft
4 bd · 3 ba · 1,975 sqft
32724 Mcrae Avenue
Mission · Single Family Residence
Listed by Team 3000 Realty Ltd.MLS® R3179846
Cost of buying in Mission
The cost of buying a home in Mission
At the $874,950 median, you need $81,044 to close. That is the minimum down payment plus closing costs.
- Median asking
- $875K
- Closing costs
- $19K
- Minimum down
- $62K
- Cash to close
- $81K
Source: BCRES MLS® median asking price.
Cash to close
Starts at the median asking price in Mission. Enter your own.
Minimum down payment
$62,495
Closing costs
$18,549
Cash to close
$81,044
Cash to close is the minimum down payment plus closing costs.
- Median asking
- $875K
- Closing costs
- $19K
- Minimum down
- $62K
- Cash to close
- $81K
Source: BCRES MLS® median asking price.
Where the money goes
On a $874,950 home.
Closing costs, $18,549
| Cost | Amount |
|---|---|
Property transfer tax1% on the first $200,000, 2% to $2,000,000, 3% above. | $15,499 |
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 | $18,549 |
Minimum down payment5% of the first $500,000, 10% above that, 20% of the whole price from $1,500,000. | $62,495 |
Cash to closeMinimum down payment plus closing costs. | $81,044 |
- Default insurance of about $32,498 is added to the mortgage, not paid in cash.
- Not included: adjustments ($300 to $2,000) and moving ($500 to $3,000).
At the Mission median
The median asking price in Mission is $874,950. On a purchase at that price the closing costs come to roughly $18,549, about 2.1% of the price, on top of your down payment.
Property transfer tax is the largest single piece at $15,499. 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 Mission it reaches only the lower end of the market.
The minimum down payment on $874,950 is $62,495, which puts the cash needed to close at roughly $81,044.
As a share of price, that is in line with the rest of the province, where the median is about 2.1%.
Homes near $875K in Mission
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40
$939,900
$307/sqft
4 bd · 4 ba · 3,058 sqft
#66, 14500 Morris Valley Road
Mission · Single Family Residence
Listed by RE/MAX Nyda Realty Inc.MLS® R3112860
37
$925,000
$362/sqft
5 bd · 3 ba · 2,558 sqft
33601 11th Avenue
Mission · Single Family Residence
Listed by Royal LePage Little Oak RealtyMLS® R3179662
38
$834,900
$344/sqft
3 bd · 2 ba · 2,427 sqft
20758 Edelweiss Drive
Mission · Single Family Residence
Listed by eXp RealtyMLS® R3181442
40
$799,000
$321/sqft
4 bd · 3 ba · 2,491 sqft
34757 Moffat Avenue
Mission · Single Family Residence
Listed by Team 3000 Realty Ltd.MLS® R3181324
2
$799,000
9479 Plateau Place
Mission · Land
Listed by Oakwyn Realty Ltd.MLS® R3181901
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 $21,550 in closing costs
See the breakdown
Burnaby
About $18,220 in closing costs
See the breakdown
Richmond
About $21,500 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 $17,049 in closing costs
See the breakdown
Coquitlam
About $20,220 in closing costs
See the breakdown
Questions
How much are closing costs in Mission?
About $18,549 on the $874,950 median price, or 2.1%. Transfer tax is $15,499 of that.
How much cash do I need to close on a home in Mission?
About $81,044 at the $874,950 median. That is the minimum down payment of $62,495 plus $18,549 in closing costs.
How much property transfer tax will I pay in Mission?
On a $874,950 purchase the property transfer tax is $15,499. 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.