This is an estimate of your principal + interest payment, or in other words, what you send to the bank each month.
Based on fair market value of land and improvements (e.g. buildings)
1% on the first $200,000
2% on portion between $200,000 – $2,000,000
3% on anything over $2,000,000
Qualifying first time buyers may be exempt: First Time Home Buyer’s Program
If you’re a foreign national or foreign corporation and the residential property is located in the Greater Vancouver Regional District, you also pay a 15% additional property transfer tax on the fair market value of your proportionate share.