Vancouver Closing Costs Calculator
Estimate your full cash-to-close in seconds. Includes BC Property Transfer Tax, the foreign buyer 20% surcharge, first-time and newly built home exemptions, legal fees, CMHC, GST, and more.
Quick answer: Closing costs in Vancouver typically run 1.5%–4% of the purchase price for Canadian buyers (PTT, legal, inspection, title insurance, GST on new construction, CMHC if under 20% down). Foreign buyers add a 20% Additional Property Transfer Tax in Metro Vancouver, which can dwarf every other line item. Use the calculator below for an exact estimate.
Your Purchase Details
Your Closing Costs
Total Out-of-Pocket Closing Costs
$19,138
2.6% of purchase price
Estimates based on 2026 BC rates. Actual costs may vary. Legal fees, inspection, and insurance are approximate ranges — get quotes for your specific purchase. GST amounts for new builds may already be included in the developer's listed price.
That's your cash to close — let's make sure nothing's missing
Every purchase has its own quirks. Greyden can review your numbers, flag costs you might have missed, and help you plan the funds you'll need on completion day.
What this calculator estimates
Buying in Metro Vancouver involves more than the down payment and the mortgage. The calculator above adds together every typical closing-day cost so you know what to wire to your lawyer:
- BC Property Transfer Tax (PTT) — tiered 1% / 2% / 3% / 5% with first-time buyer and newly built home exemptions. Run the standalone PTT calculator →
- Foreign buyer 20% Additional PTT — applies in Metro Vancouver to non-citizens / non-PRs and foreign-controlled entities.
- Legal and conveyancing fees — typically $1,500–$2,500 plus $300–$500 in disbursements.
- Home inspection — $500–$800 paid during the subject removal period.
- Title insurance — $200–$400 one-time.
- GST on new construction — 5% federal GST applies to newly built homes and presale assignments (with possible partial rebate under $450K).
- CMHC mortgage default insurance — required when down payment is under 20%, 2.8%–4.0% of mortgage amount (added to the loan).
Want the full narrative version with examples and timing? Read the comprehensive Vancouver closing costs guide or the complete Vancouver buyer's guide. International buyers should also review the international buyers guide and use the currency converter to plan in your home currency.
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Closing costs FAQ
How much should I budget for closing costs in Vancouver?
Budget 1.5%–4% of the purchase price for closing costs in Vancouver. On a $750,000 condo, that's roughly $11,000–$30,000 depending on whether you're a first-time buyer (lower end with PTT exemptions) or purchasing a higher-value property. The biggest variable is the Property Transfer Tax, which alone can be $8,000 to $60,000+.
What does the Vancouver closing costs calculator include?
The calculator estimates BC Property Transfer Tax (with first-time buyer and newly built home exemptions), additional 20% PTT for foreign buyers, legal and conveyancing fees, home inspection, title insurance, GST on new construction, CMHC mortgage default insurance for under-20% down payments, and other typical adjustments — giving you a complete cash-to-close figure.
Are closing costs paid upfront or at completion?
Most closing costs are due on completion day, when ownership transfers. Your lawyer prepares a Statement of Adjustments showing the exact amounts and you typically deliver a bank draft 1–2 business days before completion. The home inspection (about $500–$800) is the main cost paid earlier, during the subject removal period.
Do foreign buyers pay extra closing costs in Vancouver?
Yes. Foreign nationals and foreign-controlled corporations pay an additional 20% Property Transfer Tax on residential properties in Metro Vancouver, on top of regular PTT. On a $1,000,000 property, that adds $200,000 to your closing costs. The calculator factors this in automatically when "foreign buyer" is selected.
Is CMHC insurance counted as a closing cost?
CMHC mortgage default insurance is required when your down payment is less than 20% of the purchase price. The premium (2.8%–4.0% of mortgage amount) is usually added to your mortgage balance rather than paid upfront — so it raises monthly payments instead of cash-to-close — but it's still a real cost of buying that the calculator displays.
Are first-time buyers exempt from closing costs?
No, but costs can be significantly reduced. As of April 1, 2024, first-time buyers qualify for a full PTT exemption on resale homes up to $835,000 (saving up to $17,200) and newly built homes up to $1,100,000. Legal fees, inspection, and insurance still apply — typically $3,000–$5,000 in non-exempt costs for first-time buyers.