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BC Property Transfer Tax is a land transfer tax. Property Transfer Tax is typically applicable when you purchase a home or acquire an interest in a property but there are some exemptions. If the tax is applicable, it's payable when you register the property at the Land Title Office.

If anyone has ever tried to obtain a permit at the City of Vancouver, they know the process is slow. In an effort to speed up the process, they are implementing a digital system in 2024 called eComply. This innovative system is the first of it's kind in Canada. Read more...

Starting January 2023, the Anti Flipping Tax will be in effect for homes which apply. This new rule applies to flipped residential property dispositions that occur on or after January 1, 2023.

Starting in 2023, for the 2022 tax year, an annual tax will apply on the taxable value of a vacant or underused residential property that is directly or indirectly owned by a non-resident non-Canadian.

In order to curb rising home prices and prevent money from being "parked" in Canada, the government banned foreign buyers on January 1, 2023. Some exemptions applied such as permanent residents, temporary residents and students.

Original Foreign Buyer Ban

View CMHC's article of the original January release.

We wanted to let you know about the new First Home Saving Account, and remind you of the Home Buyer's Amount Tax Credit, in addition to, other valuable home owner and buyer rebates and incentives.

The City of Vancouver, BC Canada requires that Vancouver homeowners submit a yearly declaration to determine if their property is subject to the Empty Homes Tax. Any properties which are deemed empty or declared empty, will be subject to an empty home tax.

BC’s new Home Buyer Rescission Period (HBRP) for residential real estate property takes effect on January 3, 2023.