Vancouver Island Farms & Acreage // 250-746-6621 // blairherbert@royallepage.ca

This website has been created to make the search for Agricultural property in the Vancouver Island Real Estate area easier. We have added information for out of Province and out of Canada buyers to answer questions they may have. Committed to going the extra mile and ensuring that all of your needs are successfully met in a professional and honest manner. Check out the FAQ section for info that is unique to the BC farm buying experience. Contact me with questions and I will post the question and answer.

Property Transfer Tax - What is this?

Property transfer tax is a tax buyers pay the Provincial Government in BC on the purchase price of real estate. The rate is 1% on the first $200,000 and 2% on the balance. So if you purchase a property, your lawyer or notary is required to collect this amount from you and remit it to the Government. Lets say the purchase price of the property is $400,000, you would pay 1% on the first $200K or $2,000 and 2% or $4,000 on the next $200k for a total of $6,000. This tax has been in place since 1994 and it isn't likely to go anywhere. More info at www.sbr.gov.bc.ca 

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Start Searching Listings

Search for listings now with interactive maps allowing you to get pin point results

Buying and Selling

How can I help guide you through the largest financial transaction most people make.

Free Home Evaluation

What's your farm worth? Using market trends and comparables, let us find out!