The Costs

HST/GST: This applies to new residential housing. (GST/HST Calculator)

Property Transfer Tax:

The property transfer tax rate is:

  • 1% on the first $200,000,
  • 2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000,
  • 3% on the portion of the fair market value greater than $2,000,000, and
  • If the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000 (effective February 21, 2018).

If the property is classified as residential and farm, or is residential mixed class (such as residential and commercial), you pay the further 2% tax on only the residential portion of the property.

(Property Transfer Tax)

If you are purchasing your first home, you may qualify for an exemption from property transfer tax. To qualify, you must be a first time home buyer and your property must meet certain requirements. 

Property Appraisal: Before your lender approves your mortgage you may be required to have a appraisal done. The fees range from approximately $150 to $400.

Survey certificate: Your lender may require an up-to date survey of the property. If the seller did not provide you with one, you will have to pay to have one done. the fees range from about $150 to $350. Surveys are not necessary if the purchaser is buying strata property.

Home Inspection Fee: It is recommended that you get a home inspection by a certified home inspector. (CAPHI) The fees range from $400 to about $600.

Legal Fees: Lawyers/Notaries, fees vary depending on complexity, expect approximately $1000 for a purchase and $800 for a sale.

Disbursements to Land Title Office. These fees are about $350. Your lawyer or notary will arrange this payment.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.