Mortgage pre-approval in British Columbia.

Lower Mainland and Victoria carry premium pricing and tighter lender appetite on leasehold and strata files. Wildfire/flood disclosures now affect insurance binders in the Interior.

Property Transfer Tax: 1% on first $200K, 2% to $2M, 3% above, 5% above $3M on residential.

• First-Time Home Buyers' Program (PTT exemption up to $500K)
• Newly Built Home Exemption
• FHSA

• Strata depreciation reports and contingency reserves are underwriter-grade documents in BC.
• Speculation and Vacancy Tax applies to certain owners — disclose residency status upfront.
• Foreign Buyer ban interacts with BC's additional property transfer tax.

Self-employed BC borrowers should expect to provide T1 Generals plus business bank statements going back 12 months.

For reference: brokers in British Columbia are licensed and supervised by the BC Financial Services Authority (BCFSA), which maintains a public licence registry and handles formal complaints. Before signing, it's worth confirming your broker's licence is active on the BC regulator's public search — a clean licence is the baseline, not a guarantee of a strong file.