33
$799,999
$536/sqft
3 bd · 2 ba · 1,493 sqft
2460 Driftwood Place
Sooke · Single Family
Listed by Maxxam Realty Ltd.MLS® 1043653
Cost of buying in Sooke
The cost of buying a home in Sooke
At the $779,900 median, you need $69,638 to close. That is the minimum down payment plus closing costs.
- Median asking
- $780K
- Closing costs
- $17K
- Minimum down
- $53K
- Cash to close
- $70K
Source: BCRES MLS® median asking price.
Cash to close
Starts at the median asking price in Sooke. Enter your own.
Minimum down payment
$52,990
Closing costs
$16,648
Cash to close
$69,638
Cash to close is the minimum down payment plus closing costs.
- Median asking
- $780K
- Closing costs
- $17K
- Minimum down
- $53K
- Cash to close
- $70K
Source: BCRES MLS® median asking price.
Where the money goes
On a $779,900 home.
Closing costs, $16,648
| Cost | Amount |
|---|---|
Property transfer tax1% on the first $200,000, 2% to $2,000,000, 3% above. | $13,598 |
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 | $16,648 |
Minimum down payment5% of the first $500,000, 10% above that, 20% of the whole price from $1,500,000. | $52,990 |
Cash to closeMinimum down payment plus closing costs. | $69,638 |
- Default insurance of about $29,076 is added to the mortgage, not paid in cash.
- Not included: adjustments ($300 to $2,000) and moving ($500 to $3,000).
At the Sooke median
The median asking price in Sooke is $779,900. On a purchase at that price the closing costs come to roughly $16,648, about 2.1% of the price, on top of your down payment.
Property transfer tax is the largest single piece at $13,598. 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 $5,598 of that transfer tax instead of $13,598, bringing closing costs to about $8,648. The exemption carries residency and prior-ownership conditions, so treat it as a figure to confirm rather than assume.
The minimum down payment on $779,900 is $52,990, which puts the cash needed to close at roughly $69,638, or $61,638 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 $780K in Sooke
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55
$779,900
$439/sqft
3 bd · 3 ba · 1,775 sqft
6711 Nott Place
Sooke · Single Family
Listed by RE/MAX CamosunMLS® 1052414
38
$838,000
$331/sqft
5 bd · 3 ba · 2,529 sqft
6736 Rhodonite Drive
Sooke · Single Family
Listed by RE/MAX CamosunMLS® 1047537
68
$700,000
$374/sqft
3 bd · 3 ba · 1,874 sqft
6554 Goodmere Road
Sooke · Single Family
Listed by RE/MAX CamosunMLS® 1051248
46
$730,000
$441/sqft
3 bd · 3 ba · 1,655 sqft
#254, 6995 Nordin Road
Sooke · Single Family
Listed by Rennie & Associates Realty Ltd.MLS® 1053312
19
$719,900
$430/sqft
4 bd · 3 ba · 1,674 sqft
D – 6897 Galaxie Drive
Sooke · Single Family
Listed by Maxxam Realty Ltd.MLS® 1050307
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
Coquitlam
About $20,308 in closing costs
See the breakdown
Questions
How much are closing costs in Sooke?
About $16,648 on the $779,900 median price, or 2.1%. Transfer tax is $13,598 of that.
How much cash do I need to close on a home in Sooke?
About $69,638 at the $779,900 median. That is the minimum down payment of $52,990 plus $16,648 in closing costs.
How much property transfer tax will I pay in Sooke?
On a $779,900 purchase the property transfer tax is $13,598. 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 $5,598 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.