| Buyers Costs
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Legal fees for transfer of title and draw up mortgage documents (typical cost $500 - $1500).
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Standard survey (typical cost $500 - $1500). (Detailed surveys are more expensive.)
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Home insurance (premiums vary consult your insurance broker).
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Property Transfer Tax (PTT) which is payable to the Land Title and Survey Authority of BC (1% of the first $200,000 of purchase price and 2% of the balance of the purchase price).
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HST of 12% is payable on new construction only (rebates may apply, depending on your purchase price). |
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