Free Tool · Jeremy Zdrill Real Estate Team
True Cost to Buy Calculator
See your mortgage payment at every down payment, plus property transfer tax, GST, legal fees, inspections and the monthly costs that come with owning a home in BC.
Minimum down payment
Cash needed to buy
True monthly cost
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Tap a column to see its full breakdown below.
What you'll pay to buy
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Get pre-approved with a lender, then we'll run the true cost on the homes you're actually considering.
For educational purposes only. This calculator gives estimates, not quotes or financial, legal or tax advice. All mortgage financing is subject to lender approval (OAC, on approved credit). Your actual rate, payment, mortgage insurance premium and qualification will depend on your lender, credit, income and the property. Speak with a licensed mortgage professional or lender before making any decisions.
Property transfer tax exemptions and GST rebates have eligibility rules (citizenship or permanent residency, BC residency, principal residence, move-in deadlines and value limits) and the rules can change. Confirm eligibility with your lawyer or notary and the CRA. Closing costs are typical Greater Victoria estimates; get quotes for your purchase. Mortgage payments use semi-annual compounding. CMHC premiums are added to the mortgage. Insured mortgages are available on homes under $1.5 million; 30-year insured amortization is for first-time buyers and new builds.
Sources: BC Ministry of Finance (property transfer tax, first time home buyers' and newly built home exemptions); Canada Revenue Agency (GST/HST new housing rebate and first-time home buyers' GST rebate); CMHC (mortgage loan insurance premiums); Department of Finance Canada and FCAC (down payment and amortization rules); Ratehub.ca (rates, Oct 27, 2026). Rules current to October 2026.
Jeremy Zdrill PREC* · Royal LePage Coast Capital · (250) 816-9811
110-4460 Chatterton Way
Victoria, BC, V8X 5J2