# How Much Down Payment Do I Need in Coquitlam? > BC minimum down payment in 2026: 5% on homes under $500,000. 5% on first $500K + 10% on portion between $500K-$999,999. **Source:** https://soldbycraig.ca/how-much-down-payment-coquitlam/ **Author:** Craig Johnston, REALTOR® (BC Licence V99960) · The MACNABS · Royal LePage Elite West **Site:** https://soldbycraig.ca --- Coquitlam Real Estate FAQ · June 2026 Real Estate Q&A · Tri-Cities ## How much down payment do I need to buy a home in Coquitlam? Updated July 2026 · Craig Johnston, REALTOR® V99960 · The MACNABS Team Royal LePage Elite West Down payment is the biggest hurdle for most Coquitlam buyers. Here's exactly how much you need — including the costs most people forget. [Get my home valuation](/home-evaluation/) [Call 604-202-6092](tel:+16042026092) Quick Answer How much down payment do I need to buy a home in Coquitlam? BC minimum down payment in 2026: 5% on homes under $500,000. 5% on first $500K + 10% on portion between $500K-$999,999. 20% minimum on homes $1M and over (most Coquitlam detached + many townhomes). On... **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. Quick Answer **BC minimum down payment in 2026:** 5% on homes under $500,000. 5% on first $500K + 10% on portion between $500K-$999,999. **20% minimum on homes $1M and over** (most Coquitlam detached + many townhomes). On a $1.5M Coquitlam home, that's $300,000 minimum. **Plus closing costs of 2-4%** (legal, property transfer tax, GST on new builds, inspection, moving). All-in, plan for the down payment plus another $20K-$50K in closing on most Tri-Cities purchases. ## BC minimum down payment rules - **Home value $0–$500,000:** 5% minimum (insured mortgage) - **Home value $500,000–$999,999:** 5% on first $500K + 10% on the portion between $500K–$999,999 - **Home value $1,000,000+:** 20% minimum, on the entire purchase. **This applies to most Coquitlam detached + many townhomes.** **What this looks like in real numbers (June 2026 Coquitlam):** - **$700,000 condo (Town Centre):** 5% × $500K + 10% × $200K = $45,000 minimum down - **$1,000,000 townhome:** 20% = $200,000 minimum down - **$1,500,000 detached:** 20% = $300,000 minimum down - **$2,200,000 detached (Burke Mountain / Heritage Mountain):** 20% = $440,000 minimum down ## Closing costs — the 2-4% buyers forget Plan for these on top of the down payment: - **BC Property Transfer Tax (PTT)**: 1% on first $200K + 2% on $200K-$2M + 3% on $2M-$3M + 5% on $3M+. **First-time buyers get a partial exemption up to $500K.** - **Legal/notary fees**: $1,200-$2,500 - **Home inspection**: $500-$800 - **Title insurance**: $250-$500 - **Appraisal**: $400-$700 (sometimes covered by lender) - **Strata documents review** (condos/townhomes): typically included in legal - **GST**: 5% on NEW construction only (with partial rebate available on homes under $450K). Resale homes have no GST. - **Moving costs**: $1K-$5K ## First-time buyer programs to know - **BC First-Time Home Buyers' Program** — partial PTT exemption on homes up to $500K (full) or $525K (partial) - **RRSP Home Buyers' Plan** — withdraw up to $35,000 from RRSP for first-time home purchase, repay over 15 years - **First Home Savings Account (FHSA)** — federal program, up to $40K total contribution, tax-deductible going in, tax-free coming out for first-home purchase - **GST New Housing Rebate** — up to $6,300 federal + $5,000 BC on new homes Frequently asked ## Quick reference ### How much down payment do I need to buy a home in Coquitlam? BC minimum down payment in 2026: 5% on homes under $500,000. 5% on first $500K + 10% on portion between $500K-$999,999. 20% minimum on homes $1M and over (most Coquitlam detached + many townhomes). On a $1.5M Coquitlam home, that's $300,000 minimum. Plus closing costs of 2-4% (legal, property transfer tax, GST on new builds, inspection, moving). All-in, plan for the down payment plus another $20K-$50K in closing on most Tri-Cities purchases. Keep exploring ## Related guides. [Buyers ### Buying a property — the playbook From shortlist to keys, the full buyer guide.](/buying-a-property/)[First-time buyer ### First-Time Buyer Guide Coquitlam-specific first-time buyer strategy.](/coquitlam-first-time-buyer-guide/)[Q&A ### What does a buyer's agent do? The 6-stage role of a BC buyer's agent.](/what-does-a-buyers-agent-do-bc/)[Q&A ### How much down payment? BC minimum down payment + closing costs explained.](/how-much-down-payment-coquitlam/) Next step ## Want a direct answer for your situation? Book a 20-minute strategy call with Craig. No commitment, no pressure — just a clear read on your specific buying or selling question. [Get my home valuation](/home-evaluation/) [Book a Strategy Call](/book-a-strategy-call-with-craig-johnston/) [Call 604-202-6092](tel:+16042026092) Tri-Cities monthly ## Get the honest Tri-Cities market read, monthly. June 2026 Coquitlam detached HPI is $1,649,000, -4.8% YoY. What that means for your buy or sell decision — without the salesy fluff. One email per month. Unsubscribe anytime. No spam, no listings flood, no marketing automation games. Genuine monthly update from a 47+ year Tri-Cities resident. Best REALTOR® by area ## A specialist for your specific Tri-Cities city or neighbourhood. 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