BC Property Transfer Tax Calculator 2026

Calculate the Property Transfer Tax (PTT) owed on a BC residential purchase. Includes the First-Time Home Buyer exemption, Newly Built Home exemption, and Foreign Buyer Additional Tax. All BC PTT rates as of 2026.

Your Purchase

Purchase price (CAD)

Buyer category

Is the property in a Foreign Buyer Tax area?

Tax Breakdown

Base PTT (1% on first $200K)$2,000

PTT (2% on $200K–$2M)$16,000

PTT (3% on $2M–$3M)$0

PTT (5% on amount over $3M, residential)$0

Exemption / rebate$0

Foreign Buyer Additional Tax (20%)$0

Total PTT owed$18,000

PTT is due at closing — typically added to closing costs by your lawyer. Some lenders allow PTT to be included in the mortgage; most don't.

How BC Property Transfer Tax works

BC PTT is owed on every residential property purchase. Tier structure (2026):

1% on the first $200,000
2% on the portion between $200,000 and $2,000,000
3% on the portion between $2,000,000 and $3,000,000
5% on the portion over $3,000,000 (residential properties only)

Exemptions you may qualify for

First-Time Home Buyer Program

Full exemption on purchases up to $500,000 (no PTT). Partial exemption on purchases between $500,000 and $835,000 (sliding scale). Requirements: Canadian citizen or permanent resident, lived in BC 12+ months OR filed 2+ BC tax returns in last 6 years, never owned a principal residence anywhere in the world.

Newly Built Home Exemption

Full exemption on newly built homes up to $1,100,000. Partial exemption between $1,100,000 and $1,150,000. "Newly built" means a home that hasn't been previously occupied. Buyer must be a Canadian citizen or permanent resident moving in within 92 days.

Foreign Buyer Additional Tax

20% additional tax on residential purchases by foreign nationals in specific BC regions: Metro Vancouver, Capital Regional District (Greater Victoria), Fraser Valley, Central Okanagan, Nanaimo Regional District. Stacks on top of base PTT.

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FAQ

Can PTT be added to my mortgage in BC?

Generally no — most lenders require PTT paid at closing from your own funds, not borrowed. A few B-lenders allow PTT financing on insured purchases. Most buyers budget PTT separately as part of closing costs.

Do I pay PTT on a refinance?

No — PTT is only owed on title transfers (purchases, gifts, separation transfers). Refinancing with the same registered owner does not trigger PTT.

Are spousal buyouts in BC exempt from PTT?

Yes — transfers between spouses under a separation agreement are exempt under the Property Transfer Tax Act. Saves 1-2% of the property value. See our spousal buyout guide for the full process.