When you purchase or gain an interest in a property, there are many ways you may qualify to reduce the amount of tax you need to pay.
Learn more below about the available programs and the types of transfer that may qualify for an exemption.
If you’re purchasing your first home, you may qualify to reduce or eliminate the amount of property transfer tax you pay.
Effective January 1, 2024, if you’re purchasing a new qualifying purpose-built rental building, you may qualify for an exemption from the further 2% property transfer tax on the amount of the residential property value that exceeds $3,000,000.
If you’re purchasing a newly built home, you may qualify for a property transfer tax exemption.
If you are confirmed as a B.C. Provincial Nominee you may qualify for an exemption from paying the additional property transfer tax.