New Westminster PTT Calculator
New Westminster PTT Examples 2025
| Property Type | Price | PTT (General) | PTT (FTB New) |
|---|---|---|---|
| Studio Condo (Downtown NW) | $480,000 | $7,600 | $0 |
| 1-Bed Condo | $575,000 | $9,500 | $0 |
| 2-Bed Condo | $700,000 | $12,000 | $0 |
| Townhouse (Queensborough) | $850,000 | $15,000 | ~$14,200 |
| Detached Home (Sapperton) | $1,200,000 | $22,000 | $22,000 |
Why PTT Exemptions Matter More in New Westminster
New Westminster's lower condo prices mean more buyers qualify for first-time buyer PTT exemptions than in Vancouver or Burnaby. A 2-bedroom condo at $700,000 in New West generates $0 PTT for a first-time buyer of new construction — saving $12,000 that goes directly toward furnishings, moving costs, or mortgage principal. In Vancouver, the same buyer would likely pay full PTT due to higher prices pushing past exemption thresholds.
New Westminster vs. Burnaby PTT Comparison
| Scenario | New Westminster | Burnaby (Metrotown) |
|---|---|---|
| Avg condo price | ~$600,000 | ~$750,000 |
| PTT (general buyer) | $100 | $13,000 |
| PTT (FTB new home) | $0 | $0 |
| PTT (FTB resale $500K) | $0 | N/A (prices above) |
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Beyond PTT, New Westminster buyers should budget for legal/notary fees ($1,200–$2,500), home inspection ($400–$700), title insurance (~$250), strata document review ($200–$400 for condos), and property tax adjustments. New construction also attracts 5% GST, though a partial rebate applies on homes under $450,000.