For you out-of-province buyers, this is VERY important.For most residential properties the Property Transfer Tax rate is as follows1% on the first $200,000, 2% on the portion of the fair market value greater than $200,000 up to and including $2,000,000.If your buying a home for more than $2,000,000 (please call me) Then there is another 2% charged between 2 and 3 million.There are some exemptions to first-time home buyers and those of you purchasing on leasehold land.