For Rebates , Grants and other ways for a first time buyer to save some money when purchasing a home, please see the Save Money page.

Costs Borne by the Buyer:

Conveyance of title (typical cost $500 - $1000).
 - This is conducted by the Lawyer or Notary of your choice who reviews your contract of purchase and sale, ensures that the title gets transferred and is clean and confirms that the money is transferred properly to the correct people.

Standard survey (cost $500 - $1000).

House appraisals (cost $250 - $500)

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). Rebates may also apply to PTT if you are a first time buyer, please see the Save Money page.

GST of 5% is payable on new construction (rebates may apply, depending on your purchase price).


Always get a Home Inspection

A home inspection is a comprehensive visual examination of the home's structure and working systems. It should cover the exterior building envelope, all accessible structural components from the foundations to rooftop and includes basic testing of the bathrooms, plumbing, heating, electrical and ventilation systems. A home inspection will reduce the risk of having to deal with unexpected defects or problems in a house. You will gain knowledge and familiarity with the house and determine whether or not it meets your expectations.

A home inspection should cover the following:

  • Foundations, crawl space
  • Structure
  • Garage or Carport
  • Exterior walls and windows
  • Doors, porches and decks
  • Roofing, gutters and skylights
  • Chimneys and masonry
  • Attic, ventilation and insulation
  • Interiors
  • Kitchen and bathrooms
  • Plumbing and domestic hot water systems
  • Heating systems
  • Electrical system
  • Abandoned fuel oil tanks
  • Signs of mould
  • Swimming pool or Spa (if on property)
  • Evidence of bugs, termites or other pests

You should be present, at least for part of the home inspection to review any observations, and to answer any resulting questions or concerns.

For recommended Inspectors please see view the inspectors listed on the links page.  

Pre-Completion Checklist

Here's what you can expect between the time the contract is accepted and subject-free and the time the transaction completes:


  • Deposit cheque given to Buyer's agent for deposit in trust account
  • Buyer's Agent delivers Contract of Purchase & Sale to Buyer & Seller
  • Buyer & Seller choose conveyancer/lawyer/notary public to handle preparation of transfer and/or mortgage documents
  • Macdonald Realty Conveyancing Department will forward fully-accepted Contract of Purchase & Sale to the conveyancer
  • Buyer to arrange transition of:
    • BC Hydro
    • Terasen Gas
      (604-576-7000 or 888-224-2710)
    • Shaw Cable (TV &/or High-Speed Internet)
    • Telus (Phone &/or High-Speed Internet)
    • Canada Post  -


  • Client to make appointment with his/her chosen conveyancer to execute (sign) the required transfer and/or mortgage documents
  • Conveyancer will advise buyer of exact amount of funds required for closing (purchase price, adjustments, property transfer tax) and will advise seller of the amount to be received


  • Transfer documents registered at Land Title office
  • Respective lawyers will call their clients to advise of registration number
  • Macdonald Realty Conveyancing will be advised of registration number to evidence successful closing
  • Excess deposit cheque will be issued to the sellers by the buyer's real estate company or the buyer's conveyancer (an amount equal to the amount of the buyer's deposit less the realtor's commission + GST). If issued by the buyer's real estate company, this may take up to a few days to receive, depending on the company's procedures.
  • Cheque for interest, if any, on the buyer's term deposit will be issued to the buyer


  • Buyer will receive keys at noon through their agent