So, you bought a place, freshened it up, and now you’re eyeing the market, thinking, Why not cash in? Well, hold your flip—BC’s Anti-Flipping Tax is about to change the game.

What’s the Deal?

As of January 1, 2025, if you sell a residential property in BC within two years of buying it, you could owe the government up to 20% of your profit. This tax is meant to curb speculative flipping and keep the market stable, but for sellers, it means one thing: timing is everything.

How It Works

• Sell within 1 year? Boom—20% tax on your net profit.

• Sell between 1-2 years? The tax gradually decreases the closer you get to the two-year mark.

• Sell after 2 years? No extra tax. You’re in the clear.

Who’s Affected?

• Homeowners who want to sell quickly. Whether you bought a condo, house, or even a pre-sale assignment, this tax applies.

• Investors looking for a fast turnaround. The old buy-fix-flip routine just got pricier.

• Accidental flippers. Thought you’d stay, but life had other plans? You might still owe unless you qualify for an exemption.

Exemptions Exist, But They’re Tight

Not every short-term sale gets hit with the tax. Life happens, and BC knows it. You may be off the hook if you’re selling due to:
✅ Divorce or separation
✅ Job relocation (100+ km away)
✅ A major illness or disability
✅ Personal bankruptcy
✅ Death of the owner (yes, really—it’s an exemption)

No, “I just want something new” doesn’t count.

What This Means for Sellers

If you’re thinking of selling in 2025, check your timeline. If you’re under the two-year mark, do the math: is the profit still worth it after taxes? If not, you might want to hold tight, rent it out, or explore creative options.

And if you’re buying now, consider whether your plans might change. Selling quickly could cost you more than you expect.

The Big Picture

BC’s Anti-Flipping Tax is another layer in the ever-evolving real estate landscape, and like all new rules, it comes with winners and losers. The goal? Tame speculation, stabilize prices, and keep housing accessible. The reality? It’s one more thing to consider before making a move.

If you’re unsure how this affects your home or investment, let’s talk. There’s always a strategy—let’s find yours.

📩 Contact me at PhilippaBerg.ca for a no-BS breakdown of your best options.