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Every correction, in public.

When a fact in the BC Real Estate Codex changes, the earlier value stays here: what it was, what it is now, and when it changed. The verification trail shows what is believed today; this log shows what was believed before.

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15 corrections logged. Most recent first.

Show earlier corrections (10)
  • CMHC default insurance maximum purchase pricemortgage

    Replaced . The earlier rule applied from .

    • Max price
      Was1,000,000Now1,500,000
    • Added
      • Downpayment tier boundary: 500,000

    3 other fields unchanged.

    $1M cap from 2012-07-09 to 2024-12-15.

    View in Codex →Earlier rule's source (CMHC)
  • Home Buyers' Plan RRSP withdrawal limittax

    Replaced . The earlier rule applied from .

    • Withdrawal max
      Was35,000Now60,000
    • Added
      • Repayment grace period years extended: 5
      • Extended grace window: 2022-01-01; 2025-12-31

    2 other fields unchanged.

    $35,000 withdrawal limit applied for withdrawals before April 16, 2024.

    View in Codex →Earlier rule's source (CRA)
  • BC First Time Home Buyer PTT exemptiontax

    Replaced . The earlier rule applied from .

    • Fixed reduction band max
      Was525,000Now835,000
    • Fixed reduction amount
      WaspartialNow8,000
    • Phase out band max
      Was525,000Now860,000
    • Added
      • Phase out per dollar above 500k: not set
      • Phase out per dollar above 835k: 0.32
      • Max parcel hectares: 0.5

    1 other field unchanged.

    Pre-April 2024 thresholds. The 2024 budget materially raised the full exemption cap and introduced a flat $8,000 reduction band.

    View in Codex →Earlier rule's source (BC Government)
  • BC Newly Built Home PTT exemptiontax

    Replaced . The earlier rule applied from .

    • Full exemption max
      Was750,000Now1,100,000
    • Phase out band max
      Was800,000Now1,150,000

    Pre-April 2024 thresholds.

    View in Codex →Earlier rule's source (BC Government)
  • Federal Prohibition on the Purchase of Residential Property by Non-Canadians Actforeign-buyer

    Replaced . The earlier rule applied from .

    • Current expiry
      Was2025-01-01Now2027-01-01
    • Added
      • Effective date: 2023-01-01
      • Geographic scope: Census Metropolitan Areas + Census Agglomerations
      • Unit count exclusion: residential property of 4+ units excluded
      • Penalty max: 10,000
      • Penalty includes forced sale: yes

    Original Act had 2-year sunset until Jan 1, 2025.

    View in Codex →Earlier rule's source (Government of Canada)
  • BC Real Estate Boards (MLS-operating)legal

    Replaced . The earlier rule applied from .

    • Count
      Was11Now8
    • Added
      • Largest boards: Greater Vancouver REALTORS (GVR, formerly REBGV); Fraser Valley Real Estate Board (FVREB); Vancouver Island Real Estate Board (VIREB)
      • Mls rules framework: CREA + BCREA
      • Fvreb territory: Surrey; Langley; North Delta; White Rock; Abbotsford; Mission
      • Gvr rebgv territory: Vancouver; Burnaby; North Shore; Richmond; New Westminster; Tri-Cities; Pitt Meadows; Maple Ridge; Squamish
      • Primary publications: HPI Composite Benchmark; monthly market reports; MLS data feeds for IDX websites
      • Governance: member-owned not-for-profit
      • Regulator relationship: BCFSA regulates individual licensee conduct; boards regulate MLS access and member rules

    Pre-amalgamation: BC had 11 MLS-operating boards before Kamloops, Okanagan Mainline, and South Okanagan merged into the Association of Interior REALTORS (2021) and the Kootenay board joined (2022), consolidating to 8.

    View in Codex →Earlier rule's source (BCREA)
  • Material Latent Defect disclosure obligationlegal

    Replaced . The earlier rule applied from .

    • Statutory basis
      WasReal Estate Services Rules (BC Reg 14/2005), s. 5-13NowReal Estate Services Rules (BC Reg 209/2021), s. 59

    3 other fields unchanged.

    Same obligation, renumbered. Under the pre-2021 Rules this was s. 5-13; BC Reg 209/2021 took effect 2021-08-01 with new numbering and it became s. 59. The site carried the old number until 2026-08-02.

    View in Codex →Earlier rule's source (BC Government)
  • City of Vancouver Empty Homes Tax ratetax

    Replaced . The earlier rule applied from .

    • Rate
      Was1.25%Now3%
    • Added
      • Combined with svt canadian pr: 0.04
      • Combined with svt foreign: 0.06
      • Declaration deadline: 2026-02-03
      • Payment deadline: 2026-04-16
      • Late declaration deadline: 2026-07-03

    1.25% for the 2020 reference year; 1% for 2017-2019.

    View in Codex →Earlier rule's source (Other)
  • BC Property Transfer Tax bracketstax

    Replaced . The earlier rule applied from .

    Previous value
    [
  {
    "upper": 200000,
    "rate": 0.01
  },
  {
    "upper": 2000000,
    "rate": 0.02
  },
  {
    "upper": null,
    "rate": 0.03
  }
]
    New value
    [
  {
    "upper": 200000,
    "rate": 0.01
  },
  {
    "upper": 2000000,
    "rate": 0.02
  },
  {
    "upper": 3000000,
    "rate": 0.03
  },
  {
    "upper": null,
    "rate": 0.05
  }
]

    Budget 2016 added a third rate of 3% on the portion above $2 million; 1% on the first $200,000 and 2% up to $2 million carried on. Budget 2018 added a further 2% on the residential portion above $3 million, for 5% in total.

    View in Codex →Earlier rule's source (BC Government)
  • BC Foreign Buyer Additional Property Transfer Taxtax

    Replaced . The earlier rule applied from .

    • Rate
      Was15%Now20%
    • Specified areas
      WasMetro Vancouver Regional DistrictNowMetro Vancouver Regional District; Capital Regional District; Fraser Valley Regional District; Regional District of Nanaimo; Regional District of Central Okanagan

    Introduced at 15% covering Metro Vancouver only. Raised to 20% and widened to five regional districts on 2018-02-21.

    View in Codex →Earlier rule's source (BC Government)

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