Closing Costs Calculator · BC
BC Closing Costs Calculator
Plan for roughly 1.5% to 4% of the price in BC closing costs, with property transfer tax usually the largest item.
Cost to Close
Everything beyond the price tag — itemised.
- Property Transfer Tax (net)
- $18,000
- Legal / notary fees
- $1,500
- Title insurance
- $300
- Home inspection
- $500
- · PTT calculated per BC Bill 3, 2024 (FTHB ≤ $500k full, phase-out to $860k).
- · GST 5% on new construction with federal New Housing Rebate (36% of GST ≤ $350k, phase-out to $450k).
- · BC charges 7% PST on CMHC insurance premium, payable at closing.
- · Legal, title, inspection and appraisal are typical defaults — editable.
How it works
Closing costs are the cash you need beyond your down payment. In BC they include property transfer tax, legal or notary fees, title insurance, inspection, appraisal, PST on any CMHC premium, and property tax adjustments.
Lenders expect you to show at least 1.5% of the price available for closing costs.
Common questions
How much are closing costs in BC?
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Typically 1.5% to 4% of the purchase price, depending mostly on property transfer tax.
Are closing costs included in the mortgage?
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No. They are paid in cash at completion.
What are legal fees for buying a home in BC?
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Usually $1,200 to $2,000 including disbursements.
Sources: Province of BC: Property transfer tax · CMHC
Written and reviewed by Mani Garcha, REALTOR® with Royal LePage Wolstencroft Realty. Last reviewed November 2026. Guidance only, not legal or tax advice.