View all 40 imagesAbout Burnaby
Perched on the southside of the Fraser River is the town of Burnaby, British Columbia. As members of the Vancouver Metropolitan area, over 266,000 residents call the 98.6 kilometres home. The city is home to many high-tech companies.
As the tech capital of Vancouver, Burnaby comes with an extremely high price of living. The average home costs around 1.7 million dollars, with rent fetching equally high prices. Burnaby is one of the most expensive cities in British Columbia and continues to grow in price with its unrelenting development.
However, the high price of living pays for some of the best city features. Inhabitants enjoy excellent school systems, a vast selection of shopping centres, and accessible methods to outdoor recreational activities. The luxurious city of Barnaby accommodates those who seek the more refined side to living in Metro Vancouver.
Burnaby - Land Transfer Tax
When purchasing a property in Burnaby, you’ll have to pay the British Columbia Property Transfer Tax, which is due upon closing. There is no municipal transfer tax. If you’re a first-time home buyer, you could be eligible for a rebate to a maximum of $8,000. See below for British Columbia Property Transfer Tax rates.