When And What Taxes Are Due For The Purchase Of A Property In BC?

I'm sure most have heard by now but in case you didn't the BC Government announced at the end of July that 
Non Residents will now be subject to a 15% PTT(Property Transfer Tax) when they purchase homes here in the Lower Mainland.
That same PTT has not changed for us BC Residents; that is 1% of the 1st 200K of the purchase price & 2% of everything thereafter. Unless you're a 1st time HB making a purchase under 475K. Or, and this is new as of this spring, you purchase a brand new property; then any BC Resident is exempt from the PTT up to 750K Purchase Price. Keep in my though on a purchase of a brand new place you still have to pay GST; existing properties you do not. 
Clear as mud? Hopefully a little more clear than that. If you have any tax related questions with regards to buying a home please don't hesitate to contact me anytime.


Tony Marchigiano
310-328 West Hastings Street
Mortgage Broker
Vancouver, BC


*indicates required fields.

Meet the team

  • Will Pratt
  • Justin Sabbagh
  • Mike Wilcox

Mortgage Calculator

Purchase Amount:
Down Payment:
Interest Rate:
Payment Interval:
Mortgage Term (Years)
Total Payments:
Total Amount Paid:
Total Interest Paid: