BC Home Buying Cost Calculator

Estimate mortgage payments, cash needed and monthly ownership costs. Compare two scenarios.

Free, no sign-up. Inputs stay on this page by default, not in Analytics. Amounts in CAD.

Scenario tool, not mortgage approval or tax advice. First-time/new-home exemptions, additional property transfer tax and GST are not determined automatically. Use a standard-rate scenario or professionally confirmed amounts.

1 · Price & financing assumptions

Enter your scenario or load the labelled example. Example inputs are not market quotes.

Scenario A: price *

Scenario A: total down payment *

Includes any deposit already paid; do not add it twice.

Scenario A: annual rate (%) *

User input, not a live lender quote.

Amortization (years) *

Current mortgage term (years) *

Compounding assumption

Mortgage loan insurance premium

Unknown if blank; enter 0 only when you explicitly assume no charge.

Finance the premium; uncheck to pay it in cash

A low down payment may involve insurance and other restrictions. This tool does not approve minimum down payment, insurability or borrowing capacity; confirm any premium with your lender.

2 · Closing cash & reserves

Property transfer tax (PTT)

PTT fair market value (optional)

If blank, this scenario assumes it equals price; assessed value is not automatically fair market value.

I understand this is a full-residential standard-rate scenario, including the further 2% above $3M, without exemptions or additional property transfer tax. Use confirmed amounts for other situations.

Other closing costs combined

Legal, inspection, adjustments, moving and any applicable GST/additional PTT; avoid double-counting the PTT above. Leave blank if unknown.

Cash reserve after closing

Unknown if blank; enter 0 only when you explicitly assume no charge.

3 · Monthly ownership costs

Unknown if blank; enter 0 only when you explicitly assume no charge.

Annual property tax

Monthly strata fee

Monthly home insurance

Monthly maintenance reserve

Monthly utilities

4 · Optional: compare another scenario

Add scenario B

Monthly level payments at the chosen compounding convention and a constant rate during the current term; excludes prepayments and lender-specific rounding. No renewal-rate prediction. Tax rules reviewed: 2026-09-20 · 2026-09-20-v1

BC PTT rules (external) · FCAC calculation reference (external)

Next: compare cities and neighbourhoods →

Using the tool & reading your results

For buyers planning a down payment, closing cash and monthly costs together. Organize a scenario, then verify it with the appropriate professionals.

Instructions, examples & common questions

What should I prepare?

Have an assumed price, down payment, rate and loan periods ready, along with any confirmed insurance premium, closing costs and ongoing expenses. Leave unknown costs blank; enter 0 only to assume no charge. The down payment includes any deposit already paid.

How should I read the example and results?

A $1M price and $200,000 down payment imply $800,000 principal before any financed insurance premium; they do not imply that $200,000 is all the cash needed. Load example is not a lender quote. Review missing inputs, then closing cash plus reserve, mortgage payment and monthly costs separately.

What needs separate confirmation?

The tool does not approve financing or automatically determine exemptions, GST or additional taxes. The two scenarios share some cost assumptions; calculate separately when costs differ. Payments use your settings, not a renewal-rate forecast or a lender's final payment schedule.

What can I ask in a consultation?

Ask which closing costs remain unknown, whether the two scenarios use comparable assumptions, and which amounts to verify with a lender or legal professional. After calculating, preview the summary and choose whether to carry it to the inquiry form.

Read alongside this tool

BC Home Buying Costs Beyond the Down Payment →

Separate your down payment, closing costs, reserve and monthly expenses. Work through a hypothetical BC buying budget, then use the free on-site calculator.

Worked examples from the blog

Condo to Detached in Vancouver: How Much Extra Cash? →

Work through a hypothetical condo-to-detached move: sale proceeds, BC transfer tax, a $115,000 cash gap, deposit timing and monthly payments.