I was asked about 'Property Transfer Tax'.

Yes BC has a 'Property Transfer Tax'. It does not apply to everyone, but most likely applies to you. Exemptions may include first time Buyers. The Tax is 1% on the first $200,000 and 2% on the balance. As distasteful as this is it should be remembered that after the 'Homeowners Grant' BC has some of the lowest Property Taxes. If you are from Alberta or are a first time owner you may not be aware of the Homeowner Grant or the Pensioners Grant.

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David DeShane

David DeShane

CENTURY 21 Executives Realty Ltd.
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