BC Property Transfer Tax Calculator 2026 (Rates & Exemptions)
By Wealthvieu
·
Updated
BC property transfer tax (PTT) is calculated at 1-3% of the purchase price. A $900,000 home costs $17,000 in PTT.
BC Property Transfer Tax Rates
| Purchase Price Portion |
Tax Rate |
| First $200,000 |
1% |
| $200,001 - $2,000,000 |
2% |
| Over $2,000,000 |
3% |
| Foreign buyers |
Additional 20% |
PTT by Home Price
| Home Price |
Property Transfer Tax |
| $400,000 |
$6,000 |
| $500,000 |
$8,000 |
| $600,000 |
$10,000 |
| $750,000 |
$13,000 |
| $900,000 |
$17,000 |
| $1,000,000 |
$19,000 |
| $1,500,000 |
$29,000 |
| $2,000,000 |
$39,000 |
| $2,500,000 |
$54,000 |
First-Time Home Buyers’ Exemption
| Feature |
Details |
| Full exemption |
Homes up to $500,000 |
| Partial exemption |
$500,001 - $525,000 |
| No exemption |
Over $525,000 |
| Max savings |
$8,000 |
Most Vancouver-area homes exceed the exemption threshold.
Newly Built Home Exemption
| Feature |
Details |
| Full exemption |
Homes up to $750,000 |
| Partial exemption |
$750,001 - $800,000 |
| No exemption |
Over $800,000 |
| Max savings |
$13,000 |
This applies to new construction regardless of buyer status.
Calculation Examples
Example 1: $600,000 Home (First-Time Buyer)
| Component |
Amount |
| PTT calculated |
$10,000 |
| First-time exemption |
$0 (over $525K limit) |
| Total PTT owing |
$10,000 |
Example 2: $500,000 Home (First-Time Buyer)
| Component |
Amount |
| PTT calculated |
$8,000 |
| First-time exemption |
-$8,000 |
| Total PTT owing |
$0 |
Example 3: $750,000 New Build
| Component |
Amount |
| PTT calculated |
$13,000 |
| New home exemption |
-$13,000 |
| Total PTT owing |
$0 |
First-Time Buyer Eligibility
| Requirement |
Details |
| Canadian citizen/PR |
Required |
| BC resident |
1 year before or within 92 days after |
| Never owned home |
Anywhere worldwide |
| Live in home |
Primary residence |
| Fair market value |
Under $525,000 |
Foreign Buyer Additional Tax
| Property Location |
Additional Tax |
| Greater Vancouver |
20% |
| Fraser Valley |
20% |
| Capital Regional District |
20% |
| Nanaimo |
20% |
| Central Okanagan |
20% |
A foreign buyer purchasing a $1M home pays $19,000 PTT + $200,000 additional tax = $219,000.
PTT by Metro Vancouver Scenario
| Scenario |
Home Price |
PTT |
Net (with exemptions) |
| First-timer, condo |
$500,000 |
$8,000 |
$0 |
| First-timer, townhouse |
$700,000 |
$12,000 |
$12,000 |
| Move-up buyer |
$1,200,000 |
$23,000 |
$23,000 |
| New build |
$750,000 |
$13,000 |
$0 |
| Luxury home |
$2,500,000 |
$54,000 |
$54,000 |
When Is PTT Due?
| Timing |
Details |
| Due date |
At time of registration |
| Payment |
Through notary/lawyer |
| Financing |
Must be paid in cash |
| Refunds |
Apply after if exemption missed |
Reducing Your PTT
| Strategy |
Savings |
| Buy under $500K (first-time) |
Up to $8,000 |
| Buy new under $750K |
Up to $13,000 |
| Become PR before purchase |
Avoid foreign buyer tax |
| Joint purchase with Canadian |
Partial savings |
BC PTT vs Ontario LTT
| Home Price |
BC PTT |
Ontario LTT |
Winner |
| $500,000 |
$8,000 |
$11,475 |
BC |
| $750,000 |
$13,000 |
$19,475 |
BC |
| $1,000,000 |
$19,000 |
$31,475 |
BC |
BC rates are lower than Ontario, but home prices are higher.
