Vancouver Island Farms & Acreage // 250-746-6621 //

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 


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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.