BC Property Transfer Tax

When you purchase or gain an interest in property in British Columbia, you’re responsible for paying property transfer tax.
The property transfer tax rate is:

• 1% on the first $200,000,
• 2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000,
• 3% on the portion of the fair market value greater than $2,000,000, and
• If the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000

More information on the property transfer tax can be found on the on the Government of British Columbia webpage

More information on exemptions to the property transfer tax cab be found here.