Buying A Home

Buying a home can be an exciting but confusing process. We can help make this process easier so you can enjoy peace of mind and know that all the details have been looked after.

When Should you contact us?

When the Contract of Purchase and Sale has been fully executed and all the subject clauses have been removed, you are now ready to contact your Notary Public in order to move to the next phase of the process – conveyance of the property.

What are the costs involved?

There are several costs you will incur when buying a home. These will vary based on your circumstance and can include:

  • Searches – government registries, municipal tax information, insurance binder/certificate, land title including financial and non-financial charges on the property, strata plans, site survey, etc.
  • Property Transfer Tax: This tax is payable to the BC Minister of Finance and is calculated at 1% of the first $200,000 and 2% on the remainder of the purchase price. For example, if you purchase a home for $350,000 the total Property Transfer Tax would be $5000. First time buyers may be eligible for an exemption if certain conditions apply. More information regarding Property transfer tax is available throught the BC government website at
  • Real estate commission – payable by the seller of the property for the listing and selling commission.
  • Goods and Services Tax: This tax may be applicable if the home is a single-family lot, newly constructed home or substantially renovated home. The purchaser may be able to qualify for a GST rebate.
  • Land Title and Registration Fees: These are fees charged through the Land Title Registry to transfer the property, register a mortgage, discharge a mortgage, etc.
  • Adjustments: These involve adjustments between the buyer and seller and can include adjustments for municipal property taxes, utilities, and strata fees.
  • Strata Property: If your new purchase is a strata, we will need a Form F and Form B Certificate. Typically these will cost $50 to obtain, unless rush charges (less than 7 days notice) are involved.
  • Legal Fees and Disbursements: These include the cost for the Notary Public to prepare all the necessary documentation, conduct all necessary searches, and obtain information as required for the purchase or sale to complete, dealing with trust funds, and undertakings with the other party’s legal representative.

How does your Notary Public assist you when buying a home?

We will ensure all the necessary tasks are completed in order to convey the property. This will include:

  • Search title; discuss charges to remain on title; and to review a copy of the Plan as filed in the Land Title Office;
  • Obtain and review municipal tax information specific to the property;
  • Prepare or obtain transfer and mortgage documents and documents required by the registry or others;
  • Attend to or arrange for execution of transfer and mortgage documents;
  • Negotiate appropriate closing undertakings with the Seller’s legal representative;
  • Receive and account for trust funds;
  • Provide your Lender with its requested security documents;
  • Register relevant documents at the appropriate Land Title Office;
  • Disburse trust funds;
  • Compile and send a final report and provide you with a State of Title Certificate , if applicable.

Contact Maple Ridge Notary Today

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