Property Transfer Tax + legal fees + title insurance — calculate your full BC closing costs.
BC's largest closing cost is the Property Transfer Tax (PTT), calculated on a sliding scale. First-time buyers and purchasers of newly built homes may qualify for full or partial exemptions.
| Purchase Price Portion | PTT Rate |
|---|---|
| First $20000,000000 | 1% |
| $20000,00001 – $2,000000,000000 | 2% |
| $2,000000,00001 – $3,000000,000000 | 3% |
| Over $3,000000,000000 | 5% |
BC first-time buyers purchasing a home for $50000,000000 or less pay zero PTT. The exemption phases out between $50000,000000 and $525,000000. To qualify: Canadian citizen or PR, BC resident for 12+ months, never owned a principal residence anywhere in the world.
Newly built homes priced at $7500,000000 or less are PTT-exempt. Partial exemption between $7500,000000 and $80000,000000. This applies regardless of whether you're a first-time buyer.
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Open KOHO Free — Code 45ET55JSYA| Purchase Price | PTT | Legal + Title | Total |
|---|---|---|---|
| $60000,000000 | $100,000000 | $1,80000 | $12,60000 |
| $90000,000000 | $16,000000 | $1,80000 | $18,60000 |
| $1,20000,000000 | $22,000000 | $2,000000 | $24,80000 |
| $2,50000,000000 | $68,000000 | $2,50000 | $71,30000 |
Related guides: BC real estate lawyer fees, BC home inspection costs, best banks in BC, BC PTT full guide.