Tax Changes for Real Estate in BC

Tax changes for real estate in British Columbia, Canada:

Increase in Property Transfer Tax (Stamp Duty)

The Property Transfer Tax paid when purchasing residential property was increased to 5% (from 3%) on the purchase price for the value above $3,000,000 effective February 21st, 2018 for all properties closing as of that date regardless of the date the contract was written.

The Foreign Buyer Tax has been increased to 20% as of February 21, 2018 and expanded to areas outside of the Greater Vancouver Regional District. Outside of Greater Vancouver which has no transitional rules, the timelines for transitional rules are in the link below. Essentially the increased Foreign Buyer’s Tax is effective on all transactions completing as of February 20, 2018 in Greater Vancouver and in the other...


Open House on Saturday, January 14, 2017 1:00PM - 3:00PM Investors, great opportunity, For those of you that love community, this is the best one around. Love this Village!


Click HERE to view photos and full property info. 


1. Update Your Curb Appeal

Landscapers planting in a front yardImage: Laurin Lindsey, Landscape Designer

Curb appeal is important, make sure the bushes are all trimmed. Re-mulch or replace stone walkways and paths. Remove any dead plants and trees, and aerate your lawn so it will be lush come spring. Pressure wash the driveway, the front walk, and the exterior of your home. If need be, have the exterior of the house painted and, at the very least, apply a fresh coat of paint on the front door.

Related: Tips on Aerating for a Lush Lawn in Spring

2.  Get a Home Inspection

To avoid nasty surprises once you’re in the process of selling your home, have your own inspection done and make any repairs over the winter months before you list the home. Homebuyers often use flaws and needed repairs to negotiate a lower price....

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