British Columbia charges a Property Transfer Tax (PTT) on all real estate purchases. This calculator estimates your PTT and applies first-time buyer and newly built home exemptions if you qualify.
PTT is due on the completion date and is separate from your down payment and closing costs.
This calculator is specific to British Columbia. If you are purchasing in another province, contact us — land transfer taxes vary significantly by province and we can help with any region in Canada.
Property Details
Your PTT Estimate
How BC PTT Works
The Property Transfer Tax is calculated on a sliding scale: 1% on the first $200,000, 2% on the portion from $200,001 to $2,000,000, and 3% on any amount above $2,000,000. It is payable on the completion date.
First-Time Buyer Exemption
If you are a Canadian citizen or permanent resident, have lived in BC for at least one year, and have never owned a principal residence anywhere in the world, you may qualify for a full PTT exemption on properties up to $835,000. A partial exemption applies between $835,000 and $860,000. You must move in within 92 days and live there for at least one year.
Newly Built Home Exemption
Available to all buyers (not just first-time) on newly built homes up to $1,100,000, with partial exemption to $1,150,000. The home must not have been previously occupied.
Foreign Buyer Tax
Foreign nationals and foreign-controlled corporations pay an additional 20% tax in designated areas, which includes the Capital Regional District (Victoria and surrounding municipalities).