British Columbia calls its land transfer tax the Property Transfer Tax (PTT). It's charged on the fair market value of the home — usually the purchase price — and the buyer pays it at closing. Estimate yours below, then pair it with our mortgage calculators.
BC PTT is 1% on the first $200,000, 2% up to $2 million, 3% above that, and an extra 2% (5% total) on the residential value over $3 million. On a $700,000 home that's about $12,000. First-time buyers pay nothing up to $500,000 and get an $8,000 break up to $835,000; new homes are exempt up to $1.1 million. This is an estimate — verify with your lawyer.
| Portion of fair market value | Rate |
|---|---|
| First $200,000 | 1.0% |
| $200,000 to $2,000,000 | 2.0% |
| $2,000,000 to $3,000,000 | 3.0% |
| Residential portion over $3,000,000 | 3.0% + further 2% = 5.0% |
Marginal rates on fair market value. The further 2% applies only to the residential portion above $3 million, giving 5% on that top slice.
First Time Home Buyers' Program (registrations on or after April 1, 2024): a home worth up to $500,000 is fully exempt. From $500,000 to $835,000, eligible buyers get a flat $8,000 reduction in PTT. The exemption then phases out between $835,000 and $860,000, and is gone at $860,000 or more. You must be a Canadian citizen or permanent resident, have lived in BC for a year (or filed BC income tax), and never have owned a principal residence anywhere.
Newly Built Home Exemption: a newly built home is fully exempt up to $1,100,000 fair market value, with a partial exemption up to $1,150,000. This program has its own rules and can be used by buyers who aren't first-time buyers.
1% on the first $200,000, 2% from $200,000 to $2,000,000, 3% above $2,000,000, plus a further 2% (5% total) on residential value over $3,000,000. On a $700,000 home that's about $12,000 before any exemption.
For registrations on/after April 1, 2024, homes up to $500,000 are fully exempt; from $500,000 to $835,000 eligible buyers get a flat $8,000 reduction; the exemption phases out between $835,000 and $860,000.
Yes — the Newly Built Home Exemption fully exempts a new home up to $1,100,000, with a partial exemption to $1,150,000, under its own eligibility rules.
Yes — an additional 20% Property Transfer Tax applies to foreign nationals and corporations buying residential property in certain BC regions. This calculator does not include it. Check gov.bc.ca.
No. It's an estimate using BC's 2026 rates and assumes a residential purchase at fair market value. Confirm with your lawyer before closing.