If the transfer results from an open market transaction, PTT is calculated on the purchase price. If the purchase price is not the fair market value of the property—for reasons such as a related party transfer or an open market price that was determined far in advance of the registration—you may choose to use the assessed value by BC Assessment as the fair market value for the transfer.
Canada Post disruption:
Alert Level: MEDIUM
Due to the Canada Post strike action with national overtime ban, customers are advised that mail applications may be subject to delays. LTSA offers online resources and electronic filing services to access front counter services. You may wish to consult a lawyer or notary to complete any filings.
1 / 2
Front Counters Open By Appointment Only
Alert Level: LOW
Please be aware that LTSA’s Land Title Office front counters are open 9 am – 3 pm, Monday to Friday by appointment only. Many common transactions are now available online. To book an in-person visit, contact 1-877-577-LTSA (5872) .
2 / 2