Costs Borne by the Buyer
- Conveyance of title (typical cost $500 - $1000).
- Standard survey (cost $500 - $1000).
- Home insurance (premiums vary consult your insurance broker).
- 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).
- GST of 6% is payable on new construction (rebates may apply, depending on your purchase price).