38
$1,049,998
$684/sqft
3 bd · 3 ba · 1,534 sqft
#15, 1200 Edgewater Drive
Squamish · Townhouse
Listed by Royal LePage SussexMLS® R3181143
Cost of buying in Squamish
The cost of buying a home in Squamish
At the $1,029,000 median, you need $99,530 to close. That is the minimum down payment plus closing costs.
- Median asking
- $1.03M
- Closing costs
- $22K
- Minimum down
- $78K
- Cash to close
- $100K
Source: BCRES MLS® median asking price.
Cash to close
Starts at the median asking price in Squamish. Enter your own.
Minimum down payment
$77,900
Closing costs
$21,630
Cash to close
$99,530
Cash to close is the minimum down payment plus closing costs.
- Median asking
- $1.03M
- Closing costs
- $22K
- Minimum down
- $78K
- Cash to close
- $100K
Source: BCRES MLS® median asking price.
Where the money goes
On a $1,029,000 home.
Closing costs, $21,630
| Cost | Amount |
|---|---|
Property transfer tax1% on the first $200,000, 2% to $2,000,000, 3% above. | $18,580 |
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 | $21,630 |
Minimum down payment5% of the first $500,000, 10% above that, 20% of the whole price from $1,500,000. | $77,900 |
Cash to closeMinimum down payment plus closing costs. | $99,530 |
- Default insurance of about $38,044 is added to the mortgage, not paid in cash.
- Not included: adjustments ($300 to $2,000) and moving ($500 to $3,000).
At the Squamish median
The median asking price in Squamish is $1,029,000. On a purchase at that price the closing costs come to roughly $21,630, about 2.1% of the price, on top of your down payment.
Property transfer tax is the largest single piece at $18,580. 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 Squamish it reaches only the lower end of the market.
The minimum down payment on $1,029,000 is $77,900, which puts the cash needed to close at roughly $99,530.
As a share of price, that is in line with the rest of the province, where the median is about 2.1%.
Homes near $1.03M in Squamish
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30
$1,049,000
$679/sqft
3 bd · 3 ba · 1,546 sqft
#28, 39893 Government Road
Squamish · Townhouse
Listed by Macdonald RealtyMLS® R3180860
30
$1,029,000
$697/sqft
3 bd · 3 ba · 1,477 sqft
#19, 39548 Loggers Lane
Squamish · Townhouse
Listed by Rennie & Associates RealtyMLS® R3170358
36
$1,099,000
$706/sqft
3 bd · 3 ba · 1,556 sqft
#53, 41050 Tantalus Road
Squamish · Townhouse
Listed by Engel & Volkers WhistlerMLS® R3169772
30
$999,000
$895/sqft
3 bd · 2 ba · 1,116 sqft
#621, 1500 Scott Crescent
Squamish · Apartment/Condo
Listed by Sotheby's International Realty CanadaMLS® R3172810
28
$1,089,000
$716/sqft
4 bd · 3 ba · 1,522 sqft
38045 Keel Way
Squamish · Townhouse
Listed by Stilhavn Real Estate ServicesMLS® R3179056
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 $22,026 in closing costs
See the breakdown
Kelowna
About $16,450 in closing costs
See the breakdown
Langley
About $20,847 in closing costs
See the breakdown
Abbotsford
About $17,048 in closing costs
See the breakdown
Coquitlam
About $20,368 in closing costs
See the breakdown
Questions
How much are closing costs in Squamish?
About $21,630 on the $1,029,000 median price, or 2.1%. Transfer tax is $18,580 of that.
How much cash do I need to close on a home in Squamish?
About $99,530 at the $1,029,000 median. That is the minimum down payment of $77,900 plus $21,630 in closing costs.
How much property transfer tax will I pay in Squamish?
On a $1,029,000 purchase the property transfer tax is $18,580. 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.