Taxes on Victoria Real Estate

When purchasing real estate there are several taxes to consider depending on your citizenship and status as a first time home buyer.

Property transfer tax, GST, foreign buyer tax and the speculation tax are a few of the applicable taxes to real estate purchases.

BCREA has created a handy tax calculator that you can play with to see what you might have to pay on your next purchase.

It can be found here:  https://www.bcrea.bc.ca/tools-for-realtors/tax-calculator/