Expenses When Purchasing

In addition to the actual purchase price of your home, there are a number of other expenses to be paid. I will help you determine which of the following list will apply to your home, and what to expect as a total cost. 

Deposit approximately 5% of offer At time of offer
CMHC application fee $325 At time of application
Bank appraisal fee $250 +/- (Lender may waive this fee) At time of application
Status Certificate $100 (Condominium purchase only) At time of offer
Property Inspection $500 +/- At inspection
Property Survey/Title Insurance (Residential + Condominium)       Closing
Home & Contents in Insurance Closing
Mortgage Insurance Closing
Mortgage interest adjustment Closing
HST Closing
Adjustment for heating (fuel + taxes etc.) Closing
Land transfer (see schedule) Closing
Legal disbursements $400 +/- Closing
Legal fees $1000 +/- Closing
Down payment (minimum 5% of purchase price) Closing
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.