Buyer Tools
Closing Cost Calculator — Vancouver BC
See the full cash you need on completion day: PTT, GST, legal fees, title insurance, home inspection, and adjustments — all in one place.
This closing cost calculator for Vancouver BC rolls every cash item your notary will demand into one number. The Property Transfer Tax (PTT) alone can be $20,000+ on a Vancouver home — and that's before legal fees, title insurance, GST on new construction, and inspection.
Plan for closing costs of roughly 1.5%–4% of purchase price for resale, and 4%–7% on a new build (because of GST on top of PTT).
Closing Costs in Vancouver BC: What You'll Actually Pay
Most Greater Vancouver buyers underestimate closing costs by 50%. Beyond your down payment, you need cash for the Property Transfer Tax (the largest single line item), legal fees, possibly GST, and a few smaller items. Here's the full menu.
Property Transfer Tax (PTT) — by far the biggest
1% on the first $200K, 2% on $200K–$2M, 3% on $2M–$3M, plus an extra 2% (5% total) on the residential portion above $3M. See full PTT calculator →
GST (only on new builds and presales)
5% federal GST applies to new construction. First-time buyers may qualify for the new federal FTHB GST Rebate eliminating GST on new builds up to $1M (with phase-out to $1.5M). See full GST calculator →
Legal Fees, Title Insurance, Inspection
Notary or lawyer fees for a standard purchase typically run $1,200–$1,800. Title insurance averages $200–$400. A home inspection in Vancouver runs $500–$800 for a standard condo, $700–$1,200 for a detached home.
Adjustments
On completion day your notary "adjusts" prepaid property taxes and strata fees so you reimburse the seller for any prepaid period. These are typically a few hundred dollars and depend on your completion date.
FAQ
How much should I budget for closing costs in Vancouver?
For a resale property, budget ~1.5%–3% of purchase price. For a new build, budget 4%–7% (because of GST on top of PTT).
Can closing costs be added to my mortgage?
Generally no. PTT, legal fees, and title insurance must be paid in cash from your closing-day funds. GST can sometimes be financed.
⚠️ Legal Disclaimer
This closing cost calculator is provided for general informational and estimation purposes only. BC PTT brackets, federal GST rates and FTHB rebates, foreign buyer surtax rules, legal fees, and other closing-day costs change from time to time and vary by transaction. The results shown are illustrative estimates only and are not legal, tax, accounting, or financial advice. Final closing costs are determined by your notary or lawyer based on your specific transaction and the documents at the Land Title Office. Always consult a qualified BC real estate lawyer or notary before closing. Dan Marusin PREC, Renanza Realty, and danmarusin.com assume no liability for any errors, omissions, or financial decisions made on the basis of this calculator's output.