Closing Costs in BC: What You’ll Actually Pay

Posted on Dec 22, 2025


You’ve found the one. The offer’s accepted. You’re already mentally arranging furniture.And then someone casually says, “Don’t forget about closing costs.”Cue the pause.
Closing costs are one of the most common surprises for buyers in BC — not because they’re hidden, but because no one really explains them clearly. So let’s fix that.
Here’s what I make sure my clients understand before they start house hunting — and definitely before they put any money down.












What Are Closing Costs, Exactly?

Closing costs are the one-time expenses you pay on top of your purchase price to legally complete the transaction.In BC, they typically range from 1.5%–4% of the purchase price, depending on the home, your situation, and whether you qualify for exemptions.Not scary — as long as you plan for them.

The Big One: Property Transfer Tax (PTT)

This is the headline act in BC.Standard BC Property Transfer Tax rates:
  • 1% on the first $200,000
  • 2% on $200,001 – $2,000,000
  • 3% on $2,000,001 – $3,000,000
  • 5% on the portion over $3,000,000
Yes — it adds up quickly in the Lower Mainland.

First-Time Buyer Exemption

Good news if you qualify:
  • Full exemption on homes up to $500,000
  • Partial exemption up to $525,000
This alone can save you tens of thousands — but eligibility rules matter, so it’s always worth confirming before you assume.

Legal Fees & Disbursements

You’ll need a real estate lawyer or notary to:
  • Transfer the title
  • Register your mortgage
  • Handle trust funds
  • Make everything legally sound
Typical cost:
💼 $1,200 – $2,000, depending on complexityWorth every penny. This is not the line item to bargain hunt.

Home Inspection (Optional, But Highly Recommended)

Not always required — but often very wise.
Typical cost:
🏠 $400 – $800
Think of it as a relatively small upfront cost that can save you from very expensive surprises later.

Adjustments (The Sneaky One)

This one catches people off guard because it’s not a “fee,” but it is money.Adjustments cover things the seller has already paid for — like:
  • Property taxes
  • Strata fees
You reimburse them for the portion that applies after completion.Amount varies, but your lawyer will calculate this for you ahead of time — no surprises if you’re prepared.

Mortgage-Related Costs (If Applicable)

Depending on your mortgage:
  • Appraisal fee (sometimes covered by the lender)
  • Mortgage insurance (if your down payment is under 20%)
  • Interest adjustment (a few days of interest before your first payment)
Not always large individually, but they do add up.

So… How Much Should You Budget?

A safe rule of thumb in BC:Set aside 2%–3% of the purchase price for closing costs
More if:
  • You don’t qualify for PTT exemptions
  • You’re buying a higher-priced property
  • The transaction is complex
Less if:
  • You’re a first-time buyer with exemptions
  • You’re purchasing at the lower end of the price spectrum


Final Thoughts (From Someone Who Sees This Weekly)

The buyers who feel most confident on possession day aren’t the ones who stretched the furthest — they’re the ones who understood the full picture. Closing costs aren’t meant to scare you. They’re just part of buying real estate in BC — and when you know what’s coming, they’re completely manageable.If you’re thinking about buying and want a clear, personalized breakdown (not a generic online calculator), I’m always happy to walk you through it — no pressure, no confusion, no fine print.
Because informed buyers make better decisions… and sleep better at night.


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