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250 - 4255 Arbutus Street | Vancouver, BC | V6J 4R1
What are the Costs Associated with a Home Purchase?
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Home Inspection: $225 to $450
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Mortgage Appraisal Fee: $150 to $300
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Legal Fee: $700 to $1100
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Mortgage Processing Fee: $85 - $125*
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CMHC Loan Insurance Fee
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Property Transfer Tax: 1% on first $200,000, 2% on Balance*
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HST: 12%
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Misc. Adjustments*
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Moving Expenses
* Typically there are no mortgage processing fees, however if you are dealing with CMHC there is a fee.
* Property Transfer Tax may be waved for qualified first time purchasers who purchase properties under $375,000.
* Miscellaneous Expenses are adjustments made to allow for property taxes, condo fees etc.
