The federal ban (to 2027) and BC’s 20% additional property transfer tax — explained
The short answer
Two rules affect foreign buyers in BC. The federal ban on non-Canadians buying residential property runs to January 1, 2027 (with limited exceptions). Separately, BC charges a 20% Additional Property Transfer Tax on residential purchases by foreign nationals in designated regions, including Metro Vancouver.
There are two distinct layers here that are often confused. The first is a federal prohibition that blocks most non-Canadians from buying residential property at all. The second is a long-standing BC tax that adds 20% to the cost for foreign nationals who are permitted to buy. If you are not a Canadian citizen or permanent resident, both may be relevant.
| Rule | What it does |
|---|---|
| Federal ban (Non-Canadians Act) | Prohibits most non-Canadians from buying residential property; in effect since Jan 1 2023, extended to Jan 1 2027 |
| BC Additional Property Transfer Tax | Adds 20% on residential property bought by foreign nationals in designated regions (incl. Metro Vancouver) |
The Prohibition on the Purchase of Residential Property by Non-Canadians Act took effect January 1, 2023 and was extended to January 1, 2027. It prevents most non-Canadians (and certain foreign-controlled entities) from purchasing residential property in Canada, with penalties for breaches.
There are limited exceptions — for example, certain temporary residents such as eligible work-permit holders and international students who meet specific conditions, and some property types or locations outside census metropolitan/agglomeration areas. The rules are detailed, so anyone who is not a citizen or permanent resident should get legal advice before attempting to buy.
Separately from the ban, BC charges an Additional Property Transfer Tax of 20% on the fair market value of residential property transferred to a foreign national, foreign corporation, or taxable trustee in designated regions — which include the Metro Vancouver Regional District (covering the Tri-Cities), the Capital, Fraser Valley, Central Okanagan, and Nanaimo regional districts.
This 20% is on top of the regular Property Transfer Tax. It applies to those who are permitted to buy but are not Canadian citizens or permanent residents, and is paid at completion.
Can foreigners buy property in BC?
Generally no, for now — a federal ban prohibits most non-Canadians from buying residential property in Canada, in effect until January 1, 2027. Limited exceptions exist for certain temporary residents and locations. Canadian citizens and permanent residents are not affected.
How long is the foreign buyer ban in effect?
The federal Prohibition on the Purchase of Residential Property by Non-Canadians Act took effect January 1, 2023 and has been extended to January 1, 2027.
What is the foreign buyer tax in BC?
It is an Additional Property Transfer Tax of 20% on residential property bought by foreign nationals in designated regions, including Metro Vancouver. It applies on top of regular PTT and is paid at completion.
Does the 20% tax apply in the Tri-Cities?
Yes. Coquitlam, Port Moody, and Port Coquitlam are within the Metro Vancouver Regional District, which is a designated region for BC’s 20% Additional Property Transfer Tax.
Do permanent residents pay the foreign buyer tax?
No. Canadian citizens and permanent residents are not subject to the federal ban or BC’s 20% Additional Property Transfer Tax. The rules target foreign nationals, foreign corporations, and taxable trustees.
Are there exceptions to the foreign buyer ban?
Yes, limited ones — for example certain work-permit holders and international students meeting specific conditions, and some properties outside larger census areas. The rules are detailed; get legal advice before relying on an exception.
This page is general information, not tax, legal, or financial advice, and figures are current as of May 2026 and subject to change. Tax rules have exemptions and conditions that depend on your situation — always confirm with the BC Government, the CRA, and a qualified tax professional or real estate lawyer before acting. Sebastian Czarkowski is a licensed REALTOR® (BCFSA), not a tax advisor.