Property Transfer Tax – Grant Wiebe’s Kelowna Real Estate Blog
If you’re moving to Kelowna from out of province, one of your biggest surprises may be our “wonderful” Property Transfer Tax. Payable on every real estate transaction in BC (except for 1st time buyers who meet required criteria), this tax is 1% on the first $200,000 & 2% on the remainder of the purchase price. I guess that’s just price we pay for tall mountains, warm blue lakes, and minimal mosquitoes:)
Grant Wiebe – Kelowna Realtor 250.869.2279 http://www.GrantWiebe.com Century 21 Assurance Realty
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