Calculate property transfer tax for any Okanagan property — Kelowna, Penticton, Vernon, Kamloops, and all communities in between.
This calculator applies BC's standard property transfer tax formula to any Okanagan property. Rates are identical province-wide — whether you're buying in Kelowna, Penticton, Vernon, Kamloops, Osoyoos, or anywhere else in the Okanagan Valley, the same provincial PTT rates apply.
KOHO has no monthly fees and cash back on groceries and gas. Use code 45ET55JSYA for a bonus when you sign up.
Get KOHO Free — Use Code 45ET55JSYA| Price Range | Rate | Maximum Tax in Tier |
|---|---|---|
| $0 – $200,000 | 1% | $2,000 |
| $200,001 – $2,000,000 | 2% | $36,000 |
| $2,000,001 – $3,000,000 | 3% | $30,000 |
| Over $3,000,000 | 5% | Unlimited |
| Community | Avg. Home Price | Typical PTT | FTB New Home Savings |
|---|---|---|---|
| Kelowna | ~$900,000 | ~$16,000 | Up to $14,700 (new only) |
| Penticton | ~$700,000 | ~$12,000 | Up to $12,000 (new only) |
| Vernon | ~$720,000 | ~$12,400 | Up to $12,400 (new only) |
| Kamloops | ~$670,000 | ~$11,400 | Up to $11,400 (new only) |
| West Kelowna | ~$820,000 | ~$14,400 | Up to $13,700 (new only) |
| Osoyoos | ~$650,000 | ~$11,000 | Up to $11,000 (new only) |
Property transfer tax in BC is due at the completion of the real estate transaction — when ownership officially transfers through the Land Title Office. Your notary or real estate lawyer will collect the exact PTT amount from you before the closing date and remit it to the Province. PTT cannot be added to your mortgage and must be paid as a cash sum at closing.
Plan to have your PTT funds available alongside your down payment on or before the completion date. Typical lead time for receiving closing funds from your lender is 1–3 business days before completion, so ensure your PTT funds are also accessible in your account by that time.
BC's PTT is among the higher transfer tax rates in Canada. Ontario has a Land Transfer Tax at similar or higher rates for Toronto properties. Alberta charges no provincial land transfer tax (only a small land title transfer fee), which is part of why many Alberta buyers are surprised by BC's PTT when purchasing Okanagan vacation homes. Quebec and Manitoba also charge transfer taxes, while several provinces have minimal or no equivalent tax.
For Albertans purchasing Okanagan recreational properties, the PTT can represent a significant and unexpected cost relative to their home province experience. An Albertan buying a $900,000 Kelowna vacation condo will pay $16,000 in PTT that they would not face purchasing a comparable property in Calgary or Edmonton.
Yes. BC property transfer tax rates are set by the provincial government and are identical in Kelowna, Penticton, Vernon, Kamloops, Osoyoos, and every other BC community. Only the purchase price determines your PTT amount.
No. PTT must be paid in cash at closing. It cannot be added to or financed through your mortgage. Budget for PTT as a separate cash requirement alongside your down payment.
The Land Title Office will not register the title transfer without PTT payment. Your notary will not complete the transaction without the funds. PTT must be paid in full for the purchase to close.
Estimates only. Verify exact PTT with a BC notary. Not legal or financial advice. Home prices shown are approximate 2025 estimates.