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!
Whether you're looking to sell your luxury home or purchase a stunning ocean-front property, Glenn and his award-winning team can help you find the home you are looking for. Contact us today and get South Surrey & White Rock's #1 RE/MAX® team working for you!