B.C.’s New Home Flipping Tax

What Fort Langley Buyers & Sellers Need to Know About B.C.’s New Home Flipping Tax

As of January 1, 2025, the B.C. government introduced the home flipping tax, a new rule targeting short-term property sales across the province—including right here in Fort Langley. Whether you’re a local resident or an international investor, if you sell a property you’ve owned for less than 730 days, you may now be subject to this new tax on profit earned from the sale.

This applies not just to homes, but also pre-sale contracts, including assignments of purchase agreements. It’s important to note that this provincial tax is completely separate from federal flipping rules and does not replace property transfer tax or income tax obligations.

As a Fort Langley mortgage broker and realtor, we work with buyers and sellers every day who are navigating these evolving regulations. It’s now more important than ever to consider your investment timeline before purchasing or selling a property—especially if your intention is to renovate and resell quickly.

While there are exemptions to the tax (such as life events or certain property types), many still require you to file a flipping tax return within 90 days of the sale.

If you’re thinking about buying or selling in Fort Langley, be sure to consult with a qualified mortgage broker and realtor who understands the local market and the new rules. Having an expert on your side can help you avoid costly surprises and ensure a smooth transaction.

Have questions about how this impacts your Fort Langley property plans? Reach out—we’re happy to help guide you through it.