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).