Property Transfer Tax

Property Transfer Tax (PTT) was first introduced in 1987; *"it was touted as a wealth tax that would discourage speculation at the high end of the real estate market."*  That same year, 95% of homes sold were under $200,000...the average price was $138,205 which would mean you paid $764 in PTT.  Nowadays, the average home sells for $689,366 which means you pay $11,787 in PTT.  One way you can help to get the message to the Victoria is to go to: and like the "Help Reduce the PTT" button.

*Vancouver Sun excerpt*