Property Transfer Tax
The Property Transfer Tax, also known as a Land Transfer Tax, is often overlooked when considering the total cost of purchasing a home. All provinces have a property or land transfer tax, except Alberta and Saskatchewan, who instead levy a much smaller transfer fee. In most provinces the tax is calculated as a % of property value, using asking price as a close estimate.
To help offset the unwelcome cost, British Columbia and the City of Surrey offer property transfer tax rebates for first-time homebuyers. Use our calculator below to find out just how much your Property Transfer Tax might be!
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* Based on statistics from the fraser valley real estate board
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.