Buyer Resource

    Closing Costs When Buying a Home in Kelowna

    Beyond the purchase price and down payment, there are several costs to budget for. Here's everything you need to know so there are no surprises on closing day.

    Complete Cost Breakdown

    Legal / Notary Fees

    Conveyance, title search, mortgage registration

    $1,000 – $2,500

    Property Transfer Tax

    1–3% of purchase price (exemptions may apply)

    Varies

    Home Inspection

    Structural, electrical, plumbing, roof assessment

    $400 – $600

    Appraisal Fee

    Required by some lenders to confirm property value

    $300 – $500

    Title Insurance

    One-time premium, covers title defects and fraud

    $250 – $500

    Strata Document Review

    For condo/townhome purchases only

    $200 – $400

    Property Insurance

    Required before closing; varies by property

    $1,200 – $3,000/yr

    Moving Expenses

    Depends on distance and volume

    $500 – $3,000

    Utility Connections

    Hydro, gas, internet setup deposits

    $100 – $300

    Rule of Thumb

    Budget approximately 1.5% to 4% of the purchase price for closing costs. On a $700,000 home in Kelowna, that's roughly $10,500 – $28,000 in addition to your down payment.

    Frequently Asked Questions

    Want a Personalized Cost Worksheet?

    We provide every buyer with a detailed cost estimate specific to their purchase. Reach out and we'll prepare one for you.

    Get in Touch Back to Buyer's Guide