Posts from July 2025
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What Is Property Transfer Tax and Do You Have To Pay It?
If you're buying real estate in Victoria, one cost that can catch buyers off guard is the Property Transfer Tax (PTT). Unlike property tax, which you pay yearly, PTT is a one-time tax paid when you purchase or gain an interest in real estate.
Here's some information, including how much it costs — and whether you might be eligible for an exemption.
How Much is the Property Transfer Tax?
The amount you pay is based on the fair market value of the property on the date it is registered with the Land Title Office. Here's the standard calculation:
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Explore These Flavour Trail Stops Around Central Saanich
BC is home to all kinds of small-scale farms and food providers, but you won't always find these businesses' products at your local grocery store. Flavour Trails is an initiative that aims to expose more British Columbians to all the delicious, wholesome foods that this province has to offer. Each season, small farms and agricultural businesses across a specific area invite participants to visit their premises during a festival weekend to enjoy tours, samples, and special discounts.
The Central Saanich Flavour Trail is coming up on July 12th and 13th, and our real estate agents are excited to get out there and see what the many food producers near our Victoria homes for sale have in store. Join them at the following locations and get a taste of our region's bounty.
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