2018 Richmond Foreign Buyers’ Tax Increase in Greater Vancouver
Blog by Shali Tark | February 22nd, 2018
Foreign Buyers’ Tax Increase. Effective February 21, 2018, the foreign buyers’ tax (also known as the additional property transfer tax) has been increased from 15% to 20%. This tax has also been extended outside of the Lower Mainland to include the Capital Regional District, the Fraser Valley, the Central Okanagan and the Nanaimo Regional District (though there will be a short grandfathering period for transactions in these regions).