Basic Steps in an Investment Property Transaction in BC
Investing in property can be a rewarding path but buying an investment property in British Columbia comes with its own unique steps and considerations. Whether it’s your first time or you're expanding a portfolio, here’s a friendly guide to the key stages, from finding a property to closing the deal.
1. Crunch the Numbers & Get Informed
Before you start shopping:
Save a sizable down payment — typically 20% or more for investment properties in BC (this will depend on the lender requirements)
Get in contact with me to get yourself pre-qualified
2. Find & Make an Offer
Once you're ready to go:
Work with a realtor familiar with investment strategies.
Use the BCREA’s standard contract forms and consider subjects: financing, inspections, and strata review for condos
In hot markets, be prepared for multiple offers and short subject removal timelines
3. Due Diligence & Inspections
If your offer is accepted:
Conduct a home inspection focused on investment wear and tear
For strata properties: review minutes, budgets, depreciation reports, and rental/bylaw restriction
Title search, boundary checks, easements, zoning and permit reviews are essential
Review landlord‑tenant regulations, rent control limits
4. Finalize Financing & Legal Prep
After due diligence passes:
Complete mortgage financing and secure your terms.
A lawyer or notary handles:
Title transfer, mortgage registration, property transfer tax (PTT) filings.
Calculates closing expenses such as appraisals, solicitor fees, property transfer tax
Ensures compliance with strata or foreign‑buyer taxes
5. Adjustments & Closing Day
Your solicitor prepares a statement of adjustments, outlining credits (like prepaid strata or taxes) and what you owe on closing day
On closing day, funds are transferred, documents registered via the LTSA, and you receive the keys. The Land Title and Survey Authority ensures secure registration of your new ownership and mortgage.
6. Post‑Closing Moves
After closing:
Transfer utilities and insurance
Set up accounting—track mortgage, property taxes, strata fees, repairs, and rental income for tax purposes
Why Each Step Matters
Due diligence uncovers strata issues, rental restrictions, legal encumbrances, or unexpected expenses.
Proper financing, and review of closing costs including PTT and foreign‑buyer tax planning, avoids nasty surprises.
Legal expertise ensures title is clean, registered, and protects your investment.
Final Thoughts
Buying an investment property in BC is more than finding a roof and reno potential. It’s a multi-step process from financing to strata to legal registrations. Each stage serves to protect your money and future rental income.
If you'd like help navigating any part from mortgage pre‑approval to finding reliable property managers, I’m here to help make your BC investment journey smooth and successful.