Glossary · Taxes and government
Additional property transfer tax (foreign buyers)
BC charges foreign nationals and foreign entities an additional 20% property transfer tax on residential property in specified areas, including Metro Vancouver.
Separately, a federal ban stops most non-Canadians from buying residential property in Canada; it's been extended to January 1, 2027. Both have exceptions, so anyone affected should get legal advice before making an offer.
Related terms
General information, not legal or tax advice. Rules change; confirm the current figures with the province or your notary or lawyer before relying on them.
