FOREIGN BUYER TAX



This now applies to FOREIGN BUYERS 

* An additional property transfer tax applies to residential property transfers to foreign entities in the 

* Greater Vancouver Regional District

* Capital Regional District

* Fraser Valley Regional District

* Regional District of Central Okanagan

* Regional District of Nanaimo

  • The Buyer is and will be on the Completion Date, a "foreign entity" or a "taxable trustee" as defined in the British Columbia Property Transfer Tax Act [as amended[] collectively the "Foreign Entity"]. The Buyer is aware that that the Property Transfer Tax Act imposes an additional 20% Property Transfer Tax of the fair market value of any residential property being purchased by a Foreign Entity. The Buyer will thus be required to pay Property Transfer Tax equal to the total of:

1% under $200,000 = $ 2,000.00

2% over $200,000 and less than $2 million = $36,000.00
3% over $2 million and less than $3 million = $30,000.00
Tax 5% on amount over $ 3million = $150,000.00
TOTAL TAX ON $6 million = $218,000.00

PLUS

20% FOREIGN BUYERS on $6 million = $1,200,000.00 

THEREFORE TOTAL TAXES ARE $1,418,000.00

Latest Listings

East Beach

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835 STEVENS STREET

$2,248,000

  • 3,365 sq.ft.
  • 6 Beds
  • 3 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

South Marine

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1704 3430 E KENT AVENUE

$959,000

  • 943 sq.ft.
  • 2 Beds
  • 2 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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1003 14824 NORTH BLUFF ROAD

$1,399,000

  • 1,474 sq.ft.
  • 2 Beds
  • 2 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

Crescent Bch Ocean Pk.

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1408 129A STREET

$1,922,000

  • 2,516 sq.ft.
  • 3 Beds
  • 2 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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14027 BLACKBURN AVENUE

$2,188,800

  • 3,604 sq.ft.
  • 4 Beds
  • 3 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

Morgan Creek

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29 3300 157A STREET

$2,269,000

  • 3,906 sq.ft.
  • 5 Beds
  • 3 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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507 1575 BEST STREET

$775,000

  • 1,314 sq.ft.
  • 2 Beds
  • 2 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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201 1467 MARTIN STREET

$568,000

  • 1,065 sq.ft.
  • 2 Beds
  • 2 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

Grandview Surrey

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16211 31 AVENUE

$2,795,000

  • 4,173 sq.ft.
  • 6 Beds
  • 4 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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1349 ANDERSON STREET

$7,900,000

  • 5,848 sq.ft.
  • 7 Beds
  • 6 full & 2 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

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