Interactive tool · British Columbia

How much cash will you actually need to close?

Estimate the down payment, BC property transfer tax, new-home GST, legal costs and other common purchase expenses — including the major first-time-buyer and new-home exemptions.

Your purchase

Closing-cost inputs

Purchase price

For resale homes, enter the purchase price. For new homes, choose below whether this includes GST. Down payment

Cash applied directly toward the purchase price. Property New homes can involve GST and may qualify for BC's newly built home PTT exemption.

I believe I qualify for BC's first-time home buyers' PTT exemptionFor qualifying buyers, the exemption applies to the first $500,000; the current property-value threshold is $835,000 with a phase-out to $860,000.

Other closing-cost estimates

Legal / notary & disbursements

Editable estimate — actual quotes vary. Home inspection

Set to $0 if not applicable. Appraisal

Some lenders cover or waive this cost. Adjustments / other cash

Optional placeholder for tax/strata adjustments, moving costs or other items.

What the calculator includes

The big BC costs that simple mortgage calculators usually miss.

Property Transfer Tax: 1% on the first $200,000, 2% from $200,000 to $2 million, 3% above $2 million, plus a further 2% on the residential portion above $3 million.

First-time buyers: qualifying buyers can receive an exemption on the first $500,000 of value. The current full program threshold is $835,000, with the exemption phased out between $835,000 and $860,000.

Newly built homes: qualifying principal residences can receive a full BC PTT exemption below $1.1 million, with a partial exemption to $1.15 million. Eligible first-time buyers of qualifying new homes can also receive the federal GST rebate of up to $50,000.

Quick examples

BC property transfer tax before exemptions

$600,000 purchase$10,000before any exemption

$850,000 purchase$15,000before any exemption

$1,100,000 purchase$20,000before any exemption

Important

Closing statements can differ from this estimate.

This tool provides a general planning estimate, not a quote, closing statement or tax or legal opinion. Tax rates, thresholds and programs can change, and eligibility depends on detailed statutory requirements, ownership percentages, residency or citizenship, property size and use, contract and completion dates, and other facts. Builder contracts differ in how GST and rebates are handled. Confirm current rules, eligibility and final cash requirements with the relevant government source and your lawyer or notary, accountant, builder and mortgage professional before removing conditions or committing funds. Full disclosures.

BC — Property Transfer Tax BC — First-time buyers BC — Newly built homes CRA — FTHB GST rebate