Top 5 changes impacting real estate in BC
March 19th, 2018
Top 5 changes impacting real estate in BC:1. Increased Property Transfer Tax on homes above $3 million:
Increased by 2% on homes above $3 million; instead of 3% it's now 5%.
1% on the first $200k
2% between $200k and $2 million
3% between $2 million and $3 million
5% on $3 million and above
Put into context, when a person purchases a home valued at $5.5 million, they will now ...