Victoria Home Buying Costs
If you’re buying a home in Victoria there are many costs to consider before writing an offer. This table outlines all the costs from taxes to inspections and closing costs. Lasted updated January 2023.
Home Buying Costs
| Cost | Price |
|---|---|
| Home Inspection | $600 |
| Septic Inspection | $400-1200 |
| Drain Scoping | $300-$500 |
| Lawyer Review | $500 |
| Appraisal | $400 |
| GST | 5% |
| Property Transfer Tax | 1% of the fair market value up to and including $200,000 2% of the fair market value greater than $200,000 and up to and including $2,000,000 3% of the fair market value greater than $2,000,000 |
| Mortgage Insurance | Varies |
| Legal Fees | $1500 |
