Costs of Buying


By facing your new financial responsibilities head-on,you may even manage to dodge some of them. Don’t forget to ask me about these and other costs when calculating the total cost of your new home.

Mortgage costs
  • Mortgage company’s lawyer or notary
  • Appraisal, if applicable
  • Land title registration fee
  • Mortgage loan insurance and application fee - if you get a high-ratio mortgage (where you pay less than a 20% down payment) you will have to buy the mortgage loan insurance from CMHC or a private company.

Legal or notary fees and expenses
  • Title search
  • Investigating title
  • Drafting documents
  • Land title registration fee

Property Transfer Tax (PTT) - click to learn more

Pre-paid property taxes or utility bills
You will need to reimburse the sellers for any prepayments.

HST - Click here for an explanation of the new transitional rules

Appraisal fee
Before your lender approves your mortgage, you may be required to have an appraisal done. Sometimes your lender will cover this cost, if not, you are responsible. The fee ranges from $150 to $350.

Home inspection fee
A home inspection is a report on the condition of the home that can alert you to any protential issues such as moisture problems, pyrite, radon gas or urea-formaldehyde. The fee is about $500 to $700, depending on the size and complexity of the inspection.

Home insurance
To be safe, make the insurance effective on the earlier of either the completion date or the date that you pay the balance of the funds in trust.

Survey fee
Your lender may require an up-to-date survey of the property. If the seller does not provide the document, you will have to pay to have one done. The fee ranges form $150 to $350.

Moving fees

To get the ball rolling, all you need to do is fill out the form below or simply get in touch with me and I will help you find you dream home, loft or any style of home you are interested in:

Quick Contact

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Chris Frederickson OAKWYN REALTY LTD. 
3195 Oak Street Vancouver BC V6H 2L2 

Mobile: 604 306 1062 Phone: 604 620 6788 Fax: 604 620 7970 Email: