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Effective Feb. 17, 2016:
- Newly Build Home Exemption:
- housing up to $750,000 will be exempt from Property Transfer Tax.
- Details: http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/exemptions/newly-built-home-exemption
- New Tax on High Value Transfers:
- The Property Transfer Tax rate will increase from 2% to 3% on the portion of fair market value over $2 million.