Land transfer tax
How much is the property transfer tax in B.C.? (2026 PTT)
B.C. property transfer tax is 1% on the first $200,000, 2% from $200,000 to $2 million, and higher rates above that. Before any first-time buyer exemption, $500,000 → $8,000, $750,000 → $13,000, $1,000,000 → $18,000. Eligible first-time buyers can exempt up to $8,000 on homes up to $835,000 (the exemption is then reduced in proportion until it reaches zero at $860,000). Confirm the live B.C. PTT schedule and first-time buyer amounts.
Rules verified: 2026-07-13 · Methodology
The table below is provincial PTT from the same engine as the closing costs calculator. Foreign-buyer and speculation taxes can apply on top depending on the property and the buyer. PTT is cash on completion — it is not added to the mortgage.
Tax at three prices
| Purchase price | Without FTB rebate | With FTB rebate |
|---|---|---|
| $500,000 | $8,000 | $0 |
| $750,000 | $13,000 | $5,000 |
| $1,000,000 | $18,000 | $18,000 |
Same engine as the closing costs calculator. Verified 2026-07-13. Legal fees and registration extras are separate.
Frequently asked questions
How much is property transfer tax in B.C. on a $750,000 home?
About $13,000 without a first-time buyer exemption. Homes under the provincial price cap may be fully or partly exempt if you qualify as a first-time buyer.
What is the B.C. first-time buyer PTT exemption?
A full exemption (up to $8,000) on qualifying homes up to $835,000, and a partial exemption that shrinks to zero between $835,000 and $860,000. For example, on an $845,000 home the tax before exemption is $14,900, the exemption is $4,800 and the tax payable is $10,100. Confirm current eligibility with the province before closing.
Is there a B.C. property transfer tax exemption for newly built homes?
Yes. A separate newly built home exemption applies to qualifying homes with a fair market value up to $1,100,000, with a partial exemption up to $1,150,000, if the buyer meets the province's eligibility rules. This calculator does not apply it, so for a qualifying newly built home the tax shown here is higher than the amount the province charges. For example, at $1,105,000 the tax before exemption is $20,100 and the province's table shows $2,010 payable.
Is PTT added to my B.C. mortgage?
No. Property transfer tax is a closing cost paid in cash on the completion date.