A foreign national purchases a $900,000 residential property in Metro Vancouver. What is the TOTAL Property Transfer Tax payable, including the additional foreign buyers tax?

Taxation

What is the PTT rate on the portion of a property's value that exceeds $2,000,000 in British Columbia?

Taxation

What is the Property Transfer Tax (PTT) rate on the first $200,000 of a property's fair market value in British Columbia?

Taxation

A property in Vancouver sells for $1,200,000 to a Canadian citizen who is not a first-time buyer. What is the Property Transfer Tax owing?

Taxation

What additional Property Transfer Tax rate is imposed on foreign nationals and foreign corporations purchasing residential property in specified areas of BC?

Taxation

What is the maximum fair market value at which a first-time home buyer in BC qualifies for a FULL exemption from the Property Transfer Tax?

Taxation

Which federal tax applies to the purchase of a newly constructed home in British Columbia?

Taxation

What is the maximum fair market value of a newly built home that qualifies for the BC newly built home PTT exemption?

Taxation

Which of the following best describes BC's Speculation and Vacancy Tax?

Taxation

Access All Questions

Why Practice Questions Are Essential for Your Canadian Real Estate Exam

The Canadian real estate licensing exam is a significant milestone in your career. Whether you are preparing for the RECO exam in Ontario, the BCFSA exam in British Columbia, or the RECA exam in Alberta, consistent practice with exam-quality questions is the most effective way to prepare.

Our question bank of 1760+ questions covers all 10 major exam topics at the same difficulty level you will encounter on the actual provincial licensing exam. Each question includes a detailed explanation of why the correct answer is right and why the other options are wrong, helping you build deep understanding of Canadian real estate concepts.

Many questions also include memory techniques, real-world scenarios from the Canadian market, and exam tips specific to provincial regulations. Topics cover everything from the Torrens land registration system to FINTRAC anti-money laundering requirements — the full breadth of knowledge expected of a licensed Canadian real estate professional.

Provincial Exam Coverage

Our questions cover the common knowledge base tested across all Canadian provinces. Topics include property law, contracts, agency, mortgage finance, and regulatory compliance — all adapted to the Canadian legal and regulatory framework.

Province-specific questions are tagged so you can focus on content most relevant to your licensing jurisdiction.

Study Strategy for Success

Start with a diagnostic session to identify weak areas. Focus 2-3 days on each topic, completing 20-30 practice questions per session. Review explanations carefully even for questions you answer correctly.

Aim to score 80%+ consistently on practice questions before scheduling your exam. The provincial pass rate is typically 70-75%, so a strong practice performance gives you a comfortable margin.

Exam-level difficulty

Detailed explanations

Updated for 2026

Frequently Asked Questions

How many questions are on the Canadian real estate exam?

The number of questions varies by province. In Ontario (RECO), the exams typically have 50-100 multiple choice questions per course module. In British Columbia (BCFSA), the licensing exam has around 60-80 questions. Our question bank covers 540+ practice questions across all major topic areas.

What topics are covered on Canadian real estate licensing exams?

Canadian real estate exams cover: Real Property Law, Contracts & Agreements, Agency & Professional Ethics, Mortgage & Real Estate Finance, Land Use & Planning, Property Valuation, Real Estate Taxation, Regulatory Compliance, Residential Trading, and Commercial Real Estate.

Are these practice questions relevant for all Canadian provinces?

Yes, our questions cover the common knowledge base required across Canadian provinces. While some questions are specifically tagged for Ontario, BC, or Alberta, the majority cover fundamental concepts that apply to real estate practice across Canada.

What is the passing score for Canadian real estate exams?

Passing scores vary by province and exam. In Ontario, you generally need 75% on RECO exams. In BC, the BCFSA licensing exam requires 70%. In Alberta, RECA exams typically require 70-75%. We recommend aiming for 80%+ on practice questions to ensure exam readiness.

How should I study for the Canadian real estate exam?

We recommend a structured approach: 1) Complete all questions in your weakest topic areas first, 2) Review detailed explanations for every question (even ones you get right), 3) Use memory techniques provided with each question, 4) Take timed practice sessions to build exam endurance, 5) Focus on understanding concepts rather than memorizing answers.

Explore More Resources

Ontario (RECO)

Licensing info, exam format & requirements

British Columbia (BCFSA)

BC licensing, UBC Sauder exam details

Alberta (RECA)

Alberta licensing courses & exam info

Exam Readiness Quiz

Test if you're ready for the real exam

Real Estate Glossary

Key terms for Canadian real estate exams

All Canadian Tools

Calculators, checklists & study aids

← Back to Canada Exam Overview

Ready to Pass Your Canadian Real Estate Exam?

Create a free account to track your progress and get personalized study recommendations.

Get Started Free