FREE 2025 CALCULATOR

Vancouver Property Transfer Tax Calculator

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BC's property transfer tax applies to all Vancouver home purchases. Calculate your PTT instantly — includes first-time buyer exemption toggle.

Calculate Your BC Property Transfer Tax

1% on first $200K
$0
2% on $200K–$2M
$0
3% above $2M
$0
Total Property Transfer Tax
$0
First-Time Buyer Note
High PTT in Vancouver: With median home prices exceeding $1,000,000, most Vancouver buyers pay 2% on the bulk of their purchase. On a $1.1M home, PTT is approximately $18,000. Budget carefully.

BC Property Transfer Tax Rates 2025

Purchase PriceRate
First $200,0001%
$200,001 – $2,000,0002%
Above $2,000,0003%

First-time buyer exemption: Full exemption on homes up to $500,000; partial exemption $500,001–$525,000. Must be a Canadian citizen/PR, never owned a principal residence anywhere, and occupy within 1 year.

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Frequently Asked Questions

What is BC's Property Transfer Tax?+
BC's Property Transfer Tax (PTT) is a provincial tax paid when a property changes ownership. It applies to virtually all real estate transactions in British Columbia, including Vancouver. The tax is progressive: 1% on the first $200,000, 2% on amounts up to $2 million, and 3% above $2 million. It is paid at closing and cannot be rolled into your mortgage.
Who qualifies for BC's first-time buyer exemption?+
To qualify for BC's First Time Home Buyers' Program exemption: you must be a Canadian citizen or permanent resident; you must have never owned a principal residence anywhere in the world; you must have lived in BC for at least 12 consecutive months before the purchase date OR have filed 2 BC income tax returns in the past 6 years; and the property must become your principal residence within 92 days. The full exemption applies only to homes priced at or below $500,000.
Is there a partial PTT exemption for first-time buyers in Vancouver?+
Yes. If the purchase price is between $500,001 and $525,000, first-time buyers receive a partial PTT exemption. The exemption is phased out gradually across this $25,000 range. Most Vancouver homes exceed $525,000, however, so many first-time buyers do not qualify for any exemption given local price levels.
Are there other property taxes when buying in Vancouver?+
Yes. In addition to the PTT, Vancouver buyers may also owe the Additional Property Transfer Tax (APTT) of 20% if they are foreign buyers or foreign-controlled corporations. Canadian citizens and permanent residents who are BC residents are exempt from the APTT. There is also the Speculation and Vacancy Tax for properties left unoccupied.
Can PTT be included in my mortgage?+
No. BC property transfer tax must be paid in cash at closing. It cannot be added to your mortgage. This is a significant upfront cost — on a $1,100,000 Vancouver home, the PTT alone is approximately $18,000. Budget for this in addition to your down payment and other closing costs.