Buying a home? Plan for more than the down payment.
Estimate the common costs that can come with buying a home in British Columbia, including Property Transfer Tax, legal costs, inspections, appraisal costs and more.
Estimate My Closing CostsSee the costs separately, then see the total cash you may want available for closing.
What to budget for
Property Transfer Tax
Including an estimated exemption when applicable.
Closing expenses
Legal, inspection, appraisal and title-related costs.
Total cash needed
Down payment plus your estimated closing costs.
Purchase price
Start with the price of the home you're considering.
Buyer details
Tell the planner if you're a first-time buyer or buying new.
Instant estimate
Your closing-cost estimate updates as your numbers change.
Build Your Estimate
What could you need on closing day?
Change the numbers below and your estimate will update automatically.
Your information
Estimate your closing costs.
Tell us about the home you are planning to buy. We'll estimate the cash you may need beyond your down payment.
Are you a first-time home buyer?
What type of home are you buying?
Include estimated moving costs?
Your results
Here's what to plan for.
Your estimated closing-cost plan is ready.
Beyond your down payment, this estimate includes approximately $7,200 in common closing costs.
Property Transfer Tax
$3,000
Estimated first-time buyer exemption applied: $8,000
Legal and registration
$1,800
Planning estimate
Inspection, appraisal and title insurance
$1,400
Combined planning estimate
Moving costs
$1,000
Optional planning estimate
Estimated cash needed
Estimated total cash required
$57,200
What this means
Your down payment is not the only cash you may need.
Closing costs cover the legal, tax and practical steps involved in transferring a home into your name. Some are predictable, while others depend on the property and your lender.
Property Transfer Tax
This provincial tax is generally based on the property's fair market value. Eligible buyers may qualify for an exemption or reduction.
Legal and registration
A lawyer or notary handles the transfer of ownership, registers the mortgage and helps complete the financial adjustments.
Property-related costs
Inspections, appraisals and title insurance may be recommended or required depending on the home and the lender.
One thing to remember
This calculator does not yet include every possible cost, such as property-tax adjustments, prepaid strata fees, utility adjustments, insurance or GST on a newly built home. Your lawyer, notary and mortgage professional can help confirm the final amount before closing.
Continue Planning
Continue Your Home Buying Journey
These resources build on what you’ve just learned and can help you take the next step with more confidence.
Down Payment Calculator
Understand the minimum down payment requirements and how your down payment may affect your mortgage.
Open CalculatorMortgage Payment Calculator
Estimate your mortgage payment and compare monthly, bi-weekly and accelerated bi-weekly options.
Open CalculatorFirst-Time Home Buyer Guide
Learn how the home-buying process works, from preparing your finances to receiving the keys.
Read GuideA Note from Kiersten
Want to double-check your numbers?
This calculator is designed to give you a solid starting point, but every home purchase is unique. The property, your lender, your down payment, and even where you're buying can all affect your actual costs. I'd be happy to review your plans, answer your questions, and help you understand what to expect before you buy.