BC Homebuyer Series · Episode 01 companion
Before choosing a price range, make room for the costs that arrive before, during and after the purchase. Use this page to prepare questions for your mortgage professional and your lawyer or notary.
1. Cash you need upfront
Start with your down payment and ask which closing expenses apply to your purchase. Your checklist may include legal or notary fees, inspections, applicable taxes, adjustments and moving costs. Ask when each amount is due, so you can plan the timing as well as the total.
2. The monthly cost of living there
Look beyond the mortgage payment. Write down estimates for property taxes, insurance, utilities, strata fees where applicable, and maintenance. Include your ordinary household commitments so the housing budget fits your actual life.
3. A cushion you keep available
Decide what reserve you want after the purchase. A repair or change in circumstances should be part of the planning conversation. There is no single amount on this page that will suit everyone.
A worksheet to discuss, not an affordability verdict
| Budget area | Your estimate | Who will confirm it? |
|---|---|---|
| Cash due before and at completion | ________ | Lender and lawyer/notary |
| Total monthly ownership costs | ________ | Lender, documents and providers |
| Reserve remaining after moving | ________ | Your personal financial plan |
Ask: “What could change between this estimate and completion?” Record the answer and the date. Avoid treating an early estimate as a final financing commitment.
Watch the short lesson
The episode uses an AI-generated presenter and voice. This companion is a written guide, not a verbatim transcript.
Further reading: BCFSA’s buyer resources. Video title, description and channel checked October 26, 2026. Amounts, rates and eligibility rules are intentionally not estimated here.
General education, not legal, tax or mortgage advice. Property details and individual circumstances matter. Confirm current requirements with the appropriate professional before acting.