What Closing Costs Should Buyers in B.C. Expect?

There are several additional expenses beyond the purchase price.

Property Transfer Tax (PTT)

One of the largest costs unless you qualify for exemptions as a first-time buyer or new construction buyer.

Legal Fees

Required for conveyancing and registration.

Inspection

A highly recommended cost for due diligence.

Appraisal Fees

Lenders may require an appraisal.

Move-In Fees

Common in strata properties.

The Bottom Line

Budgeting for closing costs prevents surprises and ensures a smoother purchase experience.