Blog - Seabright Farm Cottages

How much cheaper are real estate taxes in Point Roberts, compared to Vancouver?

In recent months we have seen a number of new taxes implemented on Vancouver-area property, particularly for non-resident buyers. But these taxes don’t apply to real estate taxes in Point Roberts, which is rapidly gaining the benefits of a Monaco-like “tax haven”; being an easy 1 hour’s drive to the cosmopolitan center but with a significantly lower tax burden for its property owners.

To be specific:

  • If you are buying in Greater Vancouver there is a 5% Goods and Services Tax applied, which is a federal tax for new properties. No sales tax applies in Point Roberts.
  • There is also a Property Transfer Tax at 1.8% ($9,000) and an Additional Property Transfer Tax at 20% for foreign buyers (e.g. $100,000). Point Roberts only has an 1.78% excise tax, and that’s paid by the seller.
  • Vancouver also has an Empty Homes Tax (also known as a Vacancy Tax) at 1% for empty or under-utilized properties. And Vancouver also has a Speculation Tax at 2% for properties not owner-occupied or a qualifying long-term rental property. There are no such taxes in Point Roberts.  

All in all, the tax differences can add up to $149,000 difference on a $500,000 property.

The continued and rapid rise in real estate prices in Vancouver have indirectly supported property values in Point Roberts for a long time, and now the tax differentials add a direct boost.

Yet another great reason for Vancouverites, British Columbians, and Canadians in general to look into owning your second home in Point Roberts, Washington.

For Foreign Buyers to Purchase Residential Real Estate

  Greater Vancouver
British ColumbiaCanada
Point Roberts
WashingtonUSA
Pre-Tax Price   $500,000   $500,000
Goods and Services Tax (GST)  5% $25,000 Not applicable $0
Property Transfer Tax (PTT) 1.8% $9,000 Not applicable $0
Additional Property Transfer Tax for Foreign Buyers (20% from Feb 21, 2018)  20% $100,000 Not applicable $0
Vacancy Tax  (Annual)  1% $5,000 Not applicable $0
Speculation Tax  (Annual) 2% $10,000 Not applicable $0
After-Tax Price   $649,000   $500,000

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New Interactive Lot Map

There’s a lot of construction going on and the Seabright Farm neighbourhood is starting to fill out. To guide current and future residents, we’ve created a new Interactive Lot Map that shows which lots are currently available and which are sold.

Our lots can be characterized into three zones: the Meadows sit within the Seabright Farm Loop, the Woodlands is to the north, and the Bluff is to the south looking over the Strait of Georgia. In the south-east corner you’ll find the Seabright Farm community areas, including the greenhouse & gardens, pool & hot tubs, outdoor kitchen & picnic area, sports field, Farmhouse and other amenities.

Hover over each lot to see the price, square footage, a contact link and a short description of what you can expect from the property. Each lot also includes at least one recommended design from our cottage plans. These recommendations are based on the lot’s location, elevation and shape, and are meant to help you maximize your enjoyment of your property.

If you’re interested in owning your own cottage at Seabright Farm or you just want to more know about our lots and cottages, contact us today and our Seabright Farm team can help you decide what will work best for you and customize it to be the cottage of your dreams!

Interactive Lot Map

Dredging at the Point Roberts Marina

All photos credit All Point Bulletin

The community of Point Roberts is growing and improving every day. The latest news here at the Point is dredging 25,000 cubic yards at the marina to improve the boating experience. This marks a continued commitment by the marina’s owners to the development of Point Roberts as a top-tier recreation destination.

Below is the original article from the All Point Bulletin: Continue reading

North Cascade Park

North Cascades National Park

One of America’s most beautiful and diverse national parks is just a 2 ½ hour drive from Point Roberts – the perfect distance for a day trip or a weekend getaway. The North Cascades National Park is home to numerous lakes, rivers, creeks, mountains and beautiful hiking paths, making it popular for hiking and mountaineering. It offers a mix of easy, moderate and difficult trails and hikes, so it’s perfect for both the casual explorer and experienced hiker alike. Continue reading

Forest Fire Prevention Tips

Although he’s got an updated look, everyone still recognizes Smokey the Bear, the mascot of forest fire prevention for over 70 years. He may be old, but wildfires are  becoming a growing concern, especially here in the Pacific Northwest and interior BC. We are blessed with an abundance of forests and long, hot, dry summers; so we should all learn what we can about how to avoid contributing to the risks of a forest fire. Continue reading

Point Roberts Historical Society

As we’ve written about before, Point Roberts is chock full of history. From its discovery by Spanish explorers in the 18th century, to the first Icelandic settlers and the heyday of the fishing and canning industry, all the way up to present day, the Point is full of stories. But without a dedicated museum, Point Roberts’ residents took it upon themselves to preserve this history by forming the Point Roberts Historical Society. Continue reading

Point Roberts Golf Course

New Ownership at the Point Roberts Golf Course

Point Roberts’ local golf club is now under new ownership, and they are planning a major investment to improve the greens and facilities. Earlier plans to revitalize the course didn’t get going, but this sale to Bald Eagle Valley Resort Holdings Inc. will get the renovations and revitalizations going, an exciting prospect for local golfers. Continue reading

Point Roberts Real-estate