Free calculator · BC closing costs · 2026
BC closing costs add roughly 1.5–3% on top of your purchase price, depending on price tier, first-time buyer status, and whether it's new construction. This calculator runs the BC Property Transfer Tax math (with First-Time Buyer rebate phase-out), Additional PTT for foreign buyers, GST on new construction, plus the standard line items.
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Your closing costs
BC closing costs are dominated by the Property Transfer Tax: 1% on the first $200K, 2% on $200K–$2M, 3% on $2M–$3M, and 5% on the portion above $3M (residential). At a $1.5M Coquitlam home, PTT alone is $28,000. First-time buyers get a partial rebate up to $835K purchase price.
Additional layers: 20% Foreign Buyer PTT applies in Metro Vancouver (Coquitlam included). GST applies on new construction at 5%, with a phased federal rebate that disappears at $450K. Standard line items (legal, title, inspection, property tax adjustment, appraisal) add about $4,000–$5,000 on top.
Honest total for most Coquitlam transactions: 1.5–3% of purchase price all-in. The calculator above gives you a personalized estimate based on your specific situation.
Frequently asked
Standard PTT on $1,500,000 = $1,000 (1% on first $100K) + $1,000 (1% on $100K-$200K) + $26,000 (2% on $200K-$2M, but only $1.3M of it applies) = $28,000. Wait — actually: 1% on first $200K = $2,000, then 2% on $200K-$1.5M = $26,000. Total $28,000. Use the calculator above for exact numbers.
Yes — full exemption up to $500K, phasing out linearly to zero at $835K. So a $475K first home pays $0 PTT (savings ~$7,000). A $700K first home pays about $4,300 PTT (rebate of about $9,000 from the $13,400 standard). The calculator runs your exact number.
If you're not a Canadian citizen or permanent resident purchasing residential property in Metro Vancouver (which includes Coquitlam), Additional PTT of 20% applies on the full purchase price. A $1.5M home triggers $300,000 in Additional PTT. Exemptions exist for some work visa holders — verify with a lawyer.
GST applies to first sale of a new home from a developer (5% of purchase price). Resale homes don't attract GST. Federal GST New Housing Rebate phases out between $350K-$450K. Above $450K, no rebate. Builder may have included GST in the listed price — verify before assuming.
Your lawyer adjusts property tax between you and the seller based on the closing date. If the seller has prepaid the year, you reimburse them for your portion. If property taxes are due after closing, the seller credits you for their portion. Typically $500–$1,500 either direction.
Closing costs are just one line item in a Coquitlam transaction. The bigger questions — timing your offer, structuring subjects, sequencing your purchase against your sale — that's where transactions go right or sideways. Free 20-minute strategy call ends with a written one-page plan.
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