What it costs to close, beyond the price.

• Property transfer tax is 1% on the first $200,000, 2% up to $2 million, 3% up to $3 million and 5% above $3 million for a home. Sellers do not pay it.
• First-time home buyers pay no tax on the first $500,000 (a saving of up to $8,000) when the price is $835,000 or less. The saving shrinks to nothing between $835,000 and $860,000.
• A newly built home is fully exempt up to $1.1 million. The exemption shrinks to nothing between $1.1 million and $1.15 million.
• Legal costs use an example quote for a purchase, shown as a low and high range. Sellers' legal costs can differ. Enter your own quote for a closer number.
• Inspection estimates are for a typical 2-bedroom condo ($500), a 1,600 sq ft townhouse ($600) and a 2,500 sq ft detached house ($700). Bigger homes can cost more.
• Property tax is billed for the whole calendar year. Due dates vary by municipality, from February to September. If the seller has already paid, the buyer pays the seller back from the completion date to December 31. If not, the seller credits the buyer from January 1 to the day before completion, and the buyer pays the full bill when it is due. "Not sure" assumes the tax is due in early July. Utilities are adjusted the same way.
• Property tax is shown before any home owner grant. Strata fees, mortgage default insurance tax, GST on new homes and moving costs are not included.

Tax rules checked October 2026. These are estimates for illustration, not legal or tax advice. Your lawyer or notary prepares the final statement of adjustments.