10/14/2026
Your down payment is only one part of the money you may need to buy a home. š”
Before you write an offer, plan for the full cash-to-close picture. That can include your home inspection, legal and title costs, property tax adjustments, moving expenses and, in B.C., property transfer tax.
Hereās a useful example: on a $650,000 purchase, the property transfer tax before any exemption is $11,000. If the buyer and property qualify for the first-time home buyersā program and the full transfer is eligible, the $8,000 exemption could bring the tax payable to $3,000, before other closing costs.
Eligibility depends on the buyer, ownership and property requirements. Use this as an illustration, and ask your legal professional to confirm your exact amount.
Buying in the Cowichan Valley? Save this guide, then message Lighthouse Mortgage Duncan to talk through your mortgage plan and build a realistic budget before you make an offer.
š 135 First Street, Duncan
š 250-748-9742
