# Closing Costs for Coquitlam Buyers

> Closing costs in Coquitlam typically run 1.5%–2% of the purchase price. On a $1,000,000 home that is $15,000–$20,000 in addition to your down payment.

**Source:** https://soldbycraig.ca/closing-costs-coquitlam-buyer/  
**Author:** Craig Johnston, REALTOR® (BC Licence V99960) · The MACNABS · Royal LePage Elite West  
**Site:** https://soldbycraig.ca

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Coquitlam · Closing costs

## Closing costs in Coquitlam — the actual numbers.

Closing costs in Coquitlam typically run 1.5%–2% of the purchase price. On a $1,000,000 home that is $15,000–$20,000 in addition to your down payment. Here is the line-by-line breakdown.

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Quick Answer

What should you know about Closing Costs Coquitlam Buyer?

Closing costs in Coquitlam typically run 1.5%–2% of the purchase price. On a $1,000,000 home that is $15,000–$20,000 in addition to your down payment. Here is the line-by-line breakdown. **Craig Johnston, Top 1% Team Member — Greater Vancouver REALTORS®** and 47+ year Tri-Cities resident, can walk you through the local context. Free Strategy Call ends with a written one-page plan in 24 hours.

Closing costs · Coquitlam

## Every closing-cost line item, with verified current rates.

Most Coquitlam first-time buyers underestimate their cash-to-close by $10,000–$20,000 because they only budget for the down payment. Below is every closing-cost line item with current 2026 ranges.

### BC Property Transfer Tax

1% on first $200,000 + 2% from $200,001 to $2,000,000 + 3% from $2,000,001 to $3,000,000 + 5% above $3M. On a $1,000,000 Coquitlam home: $18,000. First-time buyer exemption may apply up to $860,000.

### Legal / notary fees

$1,200–$2,500 typical for a residential purchase. Higher for new construction or strata properties with extensive title work.

### Title insurance

$200–$400 typical. Strongly recommended.

### Home inspection

$500–$900 for a residential home inspection. Specialty inspections (e.g., oil tank scan, sewer scope) extra.

### Property tax adjustments

Varies by closing date. You reimburse the seller for the prepaid portion of the year's property taxes.

### Strata move-in fees

$200–$300 typical for strata properties (one-time fee charged by the strata corporation).

### Mortgage default insurance (if <20% down)

2.8%–4.0% of mortgage amount, added to mortgage balance.

### First-year property insurance

$1,200–$2,500 typical for a Coquitlam home (varies by property type, replacement cost, and earthquake coverage).

### GST (new construction only)

5% on new builds. First-time buyer GST rebate may exempt up to $1M (new program). Existing GST rebate available on resale-condition new builds up to $450K.

## Talk to a Coquitlam REALTOR® who knows.

Craig Johnston is a 47-year Coquitlam resident and licensed REALTOR® at The MACNABS, Royal LePage Elite West. Top 1% Team Member — Greater Vancouver REALTORS®. Talk through your specific situation — no pressure, no obligation.

[Book a Strategy Call](/book-a-strategy-call-with-craig-johnston/)
[Call 604-202-6092](tel:+16042026092)
[Email Craig](mailto:Craig@SoldByCraig.ca)

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