Your estimate
Closing costs
Enter a purchase price to begin.
See the full breakdown
Where the money goes
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Sourced rule items come from government sources listed below. Estimate items are typical-cost assumptions with no official price list. They are editable under “Edit the estimates” and are not quotes.
Your monthly payment, step by step
Estimates only. Not tax, legal or financial advice.
These are planning estimates built from the public rules linked in the sources, the numbers you enter and typical-cost assumptions. They are not a quote, a mortgage pre-approval or a lender's decision, and they are not tax, legal, mortgage or financial advice. Rules change and your situation may differ, so confirm with the official pages and a qualified professional (a lawyer or notary, an accountant, your lender). See Disclosures and Methodology.
Fine-tune (optional)
Open only what you want to change. The estimate above updates right away.
About the purchaseNew build, strata, mortgage, appraisal
New homes: the BC newly built homes PTT exemption is not modelled, so property transfer tax is shown in full on the price you enter. The standard GST new housing rebate for buyers who are not first-time buyers (up to $6,300 on homes under $450,000) is also not modelled.
Monthly paymentRate, amortization, income
The prefilled rate is an example, not a quote or a forecast.
Type the rate you expect. Fixed rates compound twice a year in Canada, and the estimate does the same.
30 years only if you qualify.
30 years is allowed on an insured mortgage (under 20% down) for first-time buyers and new builds only (since December 15, 2024). Otherwise 25 years is used.
Before tax. Adds a quick affordability check.
Only used for the comfort check. Property tax and strata fee for the monthly cost come from “Edit the estimates” below.
Edit the estimatesOther costs to include, legal fees, inspection and more
Typical-cost ranges, not quotes. Replace them with real quotes as you get them. Set low and high to the same number once you have a firm figure.
Legal, inspection and adjustments
No official price list. GST (5%) and PST (7%) on the fee, and land title registration fees, are added automatically from the sourced rules.
E-filing service charges, tax certificate, courier and similar.
Often arranged by your lawyer or notary; higher-priced homes cost more.
A planning placeholder; the cost depends on distance and how much you move.
Look up the current bill or assessment. The default is only an example.
Depends on your completion date and when the seller paid the bill (0 to 12 months).
Use the figure on the strata’s Form B. The default is only an example.
The strata can charge at most $35 for the Form B plus up to 25¢ per page.
Lender and insurance
The first insurance payment is the premium divided by 12, times the months you pay up front.
Typical BC range about $1,200 to $2,200 a year. Your insurer’s quote is the number that counts. The default is only an example.
Typical BC range about $500 to $900 a year for the unit owner’s policy. The default is only an example.
Some insurers take only the first monthly payment (1 month), others bill the whole year (12).
CMHC: a lender may ask for one, at about $1,000 to $2,000.
Strata
Strata fees you owe from the possession date are already in the adjustments above.
Many stratas charge a move-in fee (about $100 to $300) and a refundable damage deposit (about $200 to $500). Check the bylaws in the strata documents.
Getting set up
Small costs of moving in. Each can be unticked above.
About $25 to $65 per lock to rekey; a whole house is often $140 to $320.
BC Hydro charges $13.50 + GST for a new account and FortisBC $15 + GST. A refundable deposit may apply.
Canada Post: $66.50 for 4 months to $100.75 for 12 months within a province, before any tax.
Your own extras
Both start at $0 and are only counted if you enter a number.
Not a closing cost. Add it if you want the total to cover your first few months too.
For example a mortgage broker or lender fee, a water test or septic inspection, or a deposit.
What a BC closing-cost estimate includes
Closing costs are the one-time costs you pay on top of your down payment when a BC home purchase completes. This calculator adds up:
- BC property transfer tax (PTT) — 1% / 2% / 3% tiers on fair market value, with the first-time buyer exemption applied when you tick the box. Same logic as the planner, including the $835,000 to $860,000 phase-out.
- GST on a new home — 5% on the price before GST, less the first-time buyer GST rebate where it applies. Resale homes carry no GST on the home.
- Legal or notary fees and disbursements — your professional fee plus GST and PST on that fee, and the Land Title and Survey Authority registration fees for the transfer and, if you borrow, the mortgage.
- Title insurance, home inspection and appraisal — typical-cost ranges you can edit.
- Strata documents — the Form B information certificate, at the most a strata corporation may charge.
- Adjustments — property tax (and strata fees) the seller has already paid for the part of the period after you take over.
- Moving costs — a placeholder range.
- Other costs to include (optional) — tick the ones that apply under “Edit the estimates”: the first home-insurance payment (a house policy or a condo policy, as the strata box is set), the strata move-in fee and refundable deposit, rekeying the locks, utility start-up charges, mail forwarding, and a survey or certificate of location if your lender asks for one. Insurance, strata move fee, rekeying and utilities are ticked at first; mail forwarding and the survey are not. Each is a typical-cost range you can edit.
- Your own extras — a move-in budget (repairs, painting, furnishing) and an “anything else” line. Both start at $0 and only count when you enter a number.
Not included
Anything you leave unticked or at $0 (for example a survey, mail forwarding, repairs and furnishing), mortgage broker or lender fees unless you enter them, internet or cable set-up, a new-home deposit, interest adjustments, a water test or septic inspection for a rural home, the additional property transfer tax for foreign entities, partial-interest transfers, and the BC newly built home PTT exemption. The mortgage default insurance premium is not a closing cost here: it is added to your mortgage, and the monthly payment estimate includes it. Home insurance is counted only for the first payment before possession, not in the monthly payment estimate. Many of these only apply in some purchases; ask your lawyer or notary for a full statement of adjustments.
Is this a quote?
No. Tax rates and fees are taken from the government pages linked below, and a few rules have documented ambiguities (see the Methodology page), but legal fees, title insurance, inspections, insurance premiums, adjustments and moving costs vary by provider, property and completion date. Treat the range as a budgeting guide and get written quotes. Full detail is on the Methodology page.
Sources for the sourced rules
Each rule below is read from the official page linked and re-checked on the date shown. Last verified:
| Rule | Current value | Source | Verified on |
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Typical-cost estimates (not rules)
Verified-on date for this list: 2026-10-26. Where an official page gives a figure it is cited; otherwise the range is a rounded planning assumption.
| Estimate | Basis | Reference |
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Rules change. Always confirm with the official page and a qualified professional before relying on a number.