Costs Borne by the Buyer:

Lawyer or Notary Fees and Expenses for attending to the execution of documents and Land Title Registration ($600 - $1,200).

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).

HST of 12% is payable on new construction. There is a generous new HST REBATE equal to 71.43% of the HST Payable for new homes under $525,000 up to $26,250; while homes over that price may apply for a flat $26,250 rebate.

Home insurance (premiums vary consult your insurance broker).

Appraisal ($200-$600)

Inspection ($250-$500)

Costs Borne by the Seller:

 Lawyer Fees for Transfer of Title and Conveyancing. ($600-$1200)

Costs of clearing title, such as Discharge fees charged by encumbrance holders and Prepayment penalties (Costs vary).
The Real Estate Commission is to be determined with your realtor.

HST of 12% is payable on the Real Estate Commission.