BC Property Tax Guide (2026 Edition)
Buying the home is just the start. Keeping it requires navigating a minefield of annual taxes. If you leave a home empty in Vancouver, you could pay 3-4% of its value in taxes annually.
The "Empty" Penalties
- Vancouver Empty Homes Tax (EHT): 3% of assessed value if left vacant for more than 6 months.
- BC Speculation & Vacancy Tax: 0.5% (residents) or 2% (foreign owners) if vacant.
Solution: Rent it out or live in it. Filing the declaration annually is mandatory even if you are exempt!
Property Transfer Tax (PTT)
The one-time tax at purchase: 1% on first $200k, 2% up to $2M, 3% over $2M. (Plus 20% if foreign buyer).
Frequently Asked Questions
Everything you need to know about this topic. Can't find the answer you're looking for? Reach out to our team.
Annual property taxes are due in early July. Spec/Empty home declarations are usually due in Feb/March.
Yes, if you are 55+ or have children, you can defer your annual property taxes at a low interest rate.