Buyers - Do Not Forget Closing Costs
Irina Bartnik, Notary Public • October 11, 2019
Not budgeting properly for closing costs is most common mistake that Buyers make, in my opinion.
If you are expecting to be exempt from paying Property Transfer tax as a First time buyer, carefully examine the eligibility criteria. Not everyone is qualified. Do your own homework.
It is important to check what fees out of the following list will be applicable to you.
Ask your Bank or Mortgage Broker:
- Mortgage application fee
- Mortgage default insurance
- Appraisal fee
- Survey fee or Title insurance fee
- Cost of any Bridge financing if needed.
Ask the Realtor:
- Property Transfer tax
- Property and municipal tax
- GST
- Home inspection fees
- Strata fees for forms, move in fee, monthly strata fees
Ask your Accountant:
- Foreign Buyers property tax
Ask Insurance Provider:
- Cost of Insurance and cost of Insurance binder
Ask your Notary:
- Legal Closing fees
- Land Title Registration fee
Happy House Hunting!
Langley Township council gave preliminary approval to a new development in Brookswood, but it’s unclear exactly how many homes will be built there. πFull Details Here
β οΈ Setting Up for 2026 | Watch Your Step The Fraser Valley real estate market is still adjusting as we move through January and begin setting up for the year ahead. π Prices continue to soften ποΈ Inventory remains elevated π Sales volumes are unusually low As we look toward the spring season, these three forces are shaping what comes next in the Langley and Fraser Valley real estate market. In this update, I break down the latest Fraser Valley Real Estate Board statistics and explain what I’m seeing on the ground, including: π·οΈ Pricing and where values are settling π¦ Inventory and who has leverage right now π Sales volume and what buyer behaviour is really telling us This is a market that rewards preparation, not prediction. Whether you’re buying, selling, or planning ahead for 2026, understanding how these pieces fit together can help you make better decisions. π Full market breakdown and stats π https://rly.forsale/Jan2026Stats π
Book a time to talk π https://rly.forsale/Chat-with-Andy
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