Found 1 blog entry tagged as BC Property Transfer Tax.

Buying or selling a home in Vancouver involves more than the purchase price or final sale price. Closing costs can add thousands of dollars to a real estate transaction, so understanding them ahead of time can help you budget properly and avoid surprises on completion day.

Whether you're purchasing a Vancouver condo, townhouse, or detached home, or preparing to sell, here are the key Vancouver real estate closing costs to know.

Closing Costs for Vancouver Home Buyers

1. BC Property Transfer Tax

Property Transfer Tax (PTT) is one of the biggest closing expenses for many Vancouver buyers. It is generally calculated on the property's fair market value at:

  • 1% on the first $200,000
  • 2% from $200,000 to $2 million
  • 3% on the portion above…

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