Coquitlam · Closing costs
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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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
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.
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.
$1,200–$2,500 typical for a residential purchase. Higher for new construction or strata properties with extensive title work.
$200–$400 typical. Strongly recommended.
$500–$900 for a residential home inspection. Specialty inspections (e.g., oil tank scan, sewer scope) extra.
Varies by closing date. You reimburse the seller for the prepaid portion of the year's property taxes.
$200–$300 typical for strata properties (one-time fee charged by the strata corporation).
2.8%–4.0% of mortgage amount, added to mortgage balance.
$1,200–$2,500 typical for a Coquitlam home (varies by property type, replacement cost, and earthquake coverage).
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.
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.
The purchase price is not the whole cost of buying. Six closing costs to budget for so completion day holds no surprises.
Cost
BC charges a property transfer tax on most purchases, calculated on the price, with certain exemptions for eligible buyers. It is often the largest single closing cost — confirm how it applies to you.
Cost
A lawyer or notary manages the title transfer, mortgage registration and closing paperwork for a fee. It is a necessary, generally modest line item on every purchase.
Cost
A professional inspection before you commit is money well spent, giving you a clear picture of the home’s condition and any issues to plan for.
Cost
Your lender may require an appraisal to confirm value, sometimes at your expense. It is usually a small cost relative to the protection it provides.
Cost
At closing you reimburse the seller for prepaid property taxes, utilities or strata fees covering time after your possession date. These adjustments are small individually but real.
Cost
Newly built homes are generally subject to GST, with rebates that may apply. Resale homes usually are not. Confirm whether and how it applies to your specific purchase.
Buyers who budget for closing costs — commonly a meaningful percentage on top of the price — avoid a stressful scramble at completion. Knowing these figures in advance also sharpens your real budget, since the price you can offer and the cash you need to close are two different numbers that both have to work.
This page is general information for Coquitlam buyers, not financial, tax or legal advice. Exact figures, rates and rules depend on your situation and change over time — confirm the specifics with your mortgage professional, lawyer and REALTOR® before you rely on them.
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