Legal fees (Conveyance) and disbursements associated with a real estate purchase are about $1,000 Cdn, assuming a typical purchase conveyance and a conventional mortgage. Legal fees may be higher for out-of-country buyers or non-conventional financing situations. Property Transfer Tax The rate is 1% on the first $200,000 of the purchase price and 2% on the balance. Some buyers may qualify for an exemption on the property purchase tax if they meet the following criteria: 1. The buyer has never owned property; 2. The buyer is a British Columbia resident; and 3. The buyer has resided in Canada for the past 12 months.