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Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Property Transfer Tax + legal fees + title insurance — calculate your full BC closing costs.
BC's largest closing cost is the Property Transfer Tax (PTT), calculated on a sliding scale. First-time buyers and purchasers of newly built homes may qualify for full or partial exemptions.
| Purchase Price Portion | PTT Rate |
|---|---|
| First $200,000 | 1% |
| $200,001 – $2,000,000 | 2% |
| $2,000,001 – $3,000,000 | 3% |
| Over $3,000,000 | 5% |
BC first-time buyers purchasing a home for $500,000 or less pay zero PTT. The exemption phases out between $500,000 and $525,000. To qualify: Canadian citizen or PR, BC resident for 12+ months, never owned a principal residence anywhere in the world.
Newly built homes priced at $750,000 or less are PTT-exempt. Partial exemption between $750,000 and $800,000. This applies regardless of whether you're a first-time buyer.
KOHO's high-interest savings account helps your closing cost fund grow faster. No monthly fees, earn interest on every dollar.
Open KOHO Free — Code BREMO2026| Purchase Price | PTT | Legal + Title | Total |
|---|---|---|---|
| $600,000 | $10,000 | $1,800 | $12,600 |
| $900,000 | $16,000 | $1,800 | $18,600 |
| $1,200,000 | $22,000 | $2,000 | $24,800 |
| $2,500,000 | $68,000 | $2,500 | $71,300 |
Related guides: BC real estate lawyer fees, BC home inspection costs, best banks in BC, BC PTT full guide.