If you buy a newly constructed home or a substantially renovated home, you must pay the 5% GST. Depending on your purchase price, there will be a GST rebate. Calculate your rebate at http://www.bcrealestatelawyers.com/gst-calculator/
Property Transfer Tax (PTT)
When a residence is purchased a Property Transfer Tax (PTT) is applied. The tax is calculated at 1% on the 1st $200,000 and ...