As of August 2nd, 2016, the BC government put into law an additional tax on foreign buyers in the Greater Vancouver Regional District. Once a property is registered at the Land Title Office, the tax applies with no exceptions and strict non-compliance penalties. The tax’s sudden introduction with seeming little-to-no consultation from real estate professionals in the Vancouver market left a lot of people in uncertain waters over the August long weekend.

What Is The Foreign Buyers Tax?

The 15% Property Transfer Tax applies to all residential property transfers to foreign entities. It is important to note that this is in addition to the general property transfer tax that is already in place. Failure to pay or providing incorrect information to avoid the tax can result in up to $100,000 in fines or two years in prison.

Who’s Affected?

Foreign entity transferees including: foreign nationals, foreign corporations, and taxable trustees. This additional tax is applicable on the foreign entity’s proportionate share of any residential property transfer, and on transactions that were previously exempt from property transfer taxes such as a transfer between related individuals.

However, the new tax does not apply to mutual fund trusts, real estate investment trusts, or specified investment flow-through trusts.

For further information on filing, paying, and avoidance penalties, see the Ministry of Finance’s Tax Information Sheet.

What Does The REBGV Have To Say?

President Dan Morrison of the Real Estate Board of Greater Vancouver states, “We must ensure we’re doing what we can to help our clients understand and comply with the new tax.” For a more in-depth look at the REBGV’s stance, see their official statement.

If you have any questions regarding the new tax or its impact on the selling or purchase of your home, please don’t hesitate to contact us.


With an abundance of beautiful courses scattered across the Lower Mainland, it’s hard to narrow it down, but we’ve done our best to choose just five with exemplary characteristics. From private clubs to public courses, these are anything but par for the course.

University Golf Club

A luxurious public course amid old-growth forest, the University Golf Club has 10-minute tee time intervals for a leisurely experience. It also features a 1,600 sq ft retail space that stocks premiere gear and the latest products for golf lovers of all levels. Only a short drive from the city by UBC, it offers a private country club vibe. The original clubhouse is now home to the BC Golf Museum.

Furry Creek Golf and Country Club

Along the famed Sea-to-Sky Highway, Furry Creek is a full 18-hole public course offering panoramic ocean views and the occasional encounter with indigenous wildlife. Warm up at the two hitting nets and putting green on your way to the first hole, aptly named “The Drop Zone”.

The Redwoods Golf Course

Surrounded by panoramic views of the coastal mountains, Redwoods is a Ted Locke-designed championship course just 30 minutes outside Vancouver in Langley. Extensive amenities including practice facilities, driving range, lessons, golf shop and a licensed restaurant.

Nicklaus North Whistler

This award-winning course prides itself on guest services, exceptional course conditioning, and features the largest clubhouse in Whistler. Designed to complement the area’s natural habitat, Nicklaus North bares the name of the pro himself to underscore the exceptional experience one would expect.

Northview Golf & Country Club

With an international reputation, Northview’s claim-to-fame is its two courses, designed by legendary Arnold Palmer. The championship Ridge and Canal courses are accompanied by the Academy, home to Canadian PGA and LPGA golf pros ready to help you master the game on the same courses used as practice facilities for the PGA tour.

What’s your favourite course in the Lower Mainland? Share with us!

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