House Buying Costs Victoria May 2026

In Victoria, BC , the "hidden" costs typically range from of the purchase price, excluding your down payment.

Victoria has some of the highest property transfer costs in Australia, often requiring buyers to budget an extra of the price for upfront fees. Closing costs when buying a property in Victoria BC house buying costs victoria

This is usually the largest closing cost. It follows a tiered structure: 1% on the first $200,000. 2% on the portion between $200,001 and $2,000,000. 3% on the portion over $2,000,000. Example: A $1,000,000 home triggers $18,000 in PTT. PTT Exemptions: In Victoria, BC , the "hidden" costs typically

Full exemption up to $835,000 , with partial relief up to $860,000. Newly Built Homes: Full exemption up to $1,100,000 . It follows a tiered structure: 1% on the first $200,000

Expect to pay between $1,500 and $2,500 for a lawyer or notary to handle the title transfer.

Since there are two prominent Victorias— and Victoria (Australia) —this post breaks down the unique home-buying costs for both regions. Option 1: Victoria, BC (Canada) Title: The Real Cost of Buying in the Garden City