Costs Born by the Buyer

Conveyance of title (typical cost $500 - $1500).


Standard survey (typical cost $500 - $1500).  (Detailed surveys are more expensive.)


Home insurance (premiums vary consult your insurance broker).


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).


GST of 5% is payable on new construction (rebates may apply, depending on your purchase price).