{
  "country": "CA",
  "region": "BC",
  "regionName": "British Columbia",
  "isScaffold": false,
  "currency": "CAD",
  "currencySymbol": "$",
  "locale": "en-CA",
  "lengthUnit": "sqft",
  "mortgageCompounding": "semi-annual",
  "minDownPct": 0.05,
  "defaultAmortYears": 25,
  "mortgageInsuranceName": "CMHC",
  "cmhcTiers": [
    {
      "minDownPct": 0.05,
      "maxDownPct": 0.0999,
      "insuranceRate": 0.04
    },
    {
      "minDownPct": 0.1,
      "maxDownPct": 0.1499,
      "insuranceRate": 0.031
    },
    {
      "minDownPct": 0.15,
      "maxDownPct": 0.1999,
      "insuranceRate": 0.028
    },
    {
      "minDownPct": 0.2,
      "maxDownPct": 1,
      "insuranceRate": 0
    }
  ],
  "transferTaxLayers": [
    {
      "name": "BC Property Transfer Tax",
      "brackets": [
        {
          "upTo": 200000,
          "rate": 0.01
        },
        {
          "upTo": 2000000,
          "rate": 0.02
        },
        {
          "upTo": 3000000,
          "rate": 0.03
        },
        {
          "upTo": null,
          "rate": 0.05
        }
      ],
      "firstTimeBuyerRebate": 0,
      "firstTimeBuyerRebateMax": 8000,
      "notes": "First-time buyer exemption: full exemption on purchases <= $500,000; partial exemption $500K-$525K.",
      "source": "https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax"
    },
    {
      "name": "Additional Property Transfer Tax (Foreign Buyers / Speculation)",
      "brackets": [
        {
          "upTo": null,
          "rate": 0.2
        }
      ],
      "notes": "Applies to foreign entities and taxable trustees in specific taxable regions of BC. Verify applicability.",
      "source": "https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/additional-property-transfer-tax"
    }
  ],
  "typicalPropertyTaxRate": 0.003,
  "depreciationMethod": "CCA",
  "depreciationRate": 0.04,
  "capitalGainsInclusionRate": 0.5,
  "salesTaxOnNewConstruction": 0.05,
  "deposit": {
    "cap": 0.5,
    "interestRate": null,
    "holdType": "trust",
    "source": "https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/deposits"
  },
  "rentIncrease": {
    "guideline": 0.03,
    "noticeDays": 90,
    "belowMarketExempt": false,
    "abi1482Style": false,
    "source": "https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/rent-increases"
  },
  "lateFeeMax": null,
  "lateFeeGraceDays": 0,
  "str": {
    "requiresLicense": true,
    "primaryResidenceOnly": true,
    "source": "https://www2.gov.bc.ca/gov/content/housing-tenancy/short-term-rentals"
  },
  "officialLinks": {
    "tenancyAct": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/02078_01",
    "rentIncreasePage": "https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/rent-increases",
    "depositRules": "https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/deposits",
    "transferTax": "https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax",
    "ltb": "https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies",
    "revenueDept": "https://www.canada.ca/en/revenue-agency.html"
  },
  "lastVerified": "2025-01-15",
  "notes": "BC STR principal-residence requirement came into force May 1, 2024. PTT foreign-buyer tax applies in designated regions."
}