It will be charged in addition to B.C.’s existing property transfer tax set between one per cent and three per cent. He calls the 15-per-cent property transfer tax “discriminatory,” and he wonders how Vancouver will look for vacant homes it can tax. VANCOUVER — Every foreign national who purchases a home in Metro Vancouver will be expected to fork over a special property transfer tax set at 15%, B.C. The existing property transfer tax is applied to most real estate transactions in the province. University of British Columbia economist Joshua Gottlieb doesn’t think the new measures will have much of an impact on Vancouver real estate prices, or on vacancy rates.

Source: National Post July 26, 2016 21:45 UTC