How Much Do I Need for a Down Payment in BC?

This is probably the #1 question we get.

In British Columbia, your minimum down payment depends on the purchase price:

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  5% on the first $500,000

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  10% on the portion between $500,000 and $1,500,000

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  20% for homes $1,500,000+

• Investment property 20% minimum

In communities like Abbotsford, Langley, and Chilliwack, understanding price bands makes a big difference in planning.

What Many Buyers Forget

Your down payment isn’t your only cost. You should also budget for:

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  Closing costs (legal fees, inspections, insurance)

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  Property Transfer Tax

• Other tax implications eg. GST or Flipping taxes

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  Moving expenses (and yes, pizza for your friends counts)

We walk every client at The Lucas Group through a clear financial roadmap so there are no surprises on move-in day.

Want to see homes in your price range?
Start here: https://viewfraservalleyhomes.com