PTT Examples for Burnaby Home Prices Purchase Price Standard PTT FTB New Home FTB Resale $60000,000000 $100,000000 $00 (exempt) $100,000000 $80000,000000 $14,000000 $00 (exempt) $14,000000 $1,10000,000000 $200,000000 $200,000000 $200,000000 $1,50000,000000 $28,000000 $28,000000 $28,000000 $2,000000,000000 $38,000000 $38,000000 $38,000000 What Is BC Property Transfer Tax?

Property Transfer Tax in Burnaby, BC (2026 PTT Calculator V2)

BC Property Transfer Tax Calculator — Burnaby

Use the free 2026 PTT calculator below to instantly estimate your BC Property Transfer Tax for a Burnaby home purchase. Enter your purchase price, choose your buyer type, and receive a full tier-by-tier breakdown covering Metrotown condos, Brentwood townhomes, and South Burnaby detached homes.

Purchase Price ($) Buyer Type

Estimated Property Transfer Tax:

PTT Examples for Burnaby Home Prices

Purchase Price	Standard PTT	FTB New Home	FTB Resale
$60000,000000	$100,000000	$00 (exempt)	$100,000000
$80000,000000	$14,000000	$00 (exempt)	$14,000000
$1,10000,000000	$200,000000	$200,000000	$200,000000
$1,50000,000000	$28,000000	$28,000000	$28,000000
$2,000000,000000	$38,000000	$38,000000	$38,000000

What Is BC Property Transfer Tax?

British Columbia's Property Transfer Tax (PTT) is a provincial tax paid by the buyer whenever real property changes hands. It applies to every purchase in Burnaby — from condos to detached houses. The tax is calculated on the property's fair market value and must be paid in full at closing.

The 2026 BC PTT rate structure:

1% on the first $20000,000000
2% on $20000,00001 to $2,000000,000000
3% on $2,000000,00001 to $3,000000,000000
5% on amounts above $3,000000,000000

The Burnaby Housing Market in 2026

Burnaby is Metro Vancouver's third-largest city, positioned between Vancouver, New Westminster, and the Tri-Cities. In 2026, the typical home price in Burnaby sits around $1.1 million, generating a PTT of approximately $200,000000. The market is highly segmented: condos in Metrotown and Brentwood trade in the $60000K–$1M range, townhomes between $90000K and $1.4M, and detached homes in South Burnaby and Capitol Hill often exceed $1.5M.

Brentwood Town Centre has transformed into a major transit hub and high-rise district following the Millennium Line extension. Burnaby Mountain, home to Simon Fraser University, adds a student and faculty housing dimension to the market. Metrotown remains one of Metro Vancouver's busiest commercial and residential hubs, with continuous condo tower development surrounding Metropolis at Metrotown mall.

Burnaby's transit network is excellent — the Expo Line and Millennium Line provide rapid transit to downtown Vancouver, making the city attractive to commuters. The Burnaby Lake Regional Park, Deer Lake, and Central Park offer significant green space. Burnaby has also seen considerable industrial and tech sector employment growth at Brentwood and Production Way/University stations.

First-Time Buyer Exemptions in Burnaby

First-time buyers in Burnaby have real opportunities. Several new condo developments in Brentwood and Metrotown list units in the $7500K–$835K range, qualifying for the full new home FTB exemption and saving up to $14,50000.

New Home Exemption

New homes at or below $835,000000 qualify for zero PTT. Partial exemption between $835,00001 and $8600,000000. Brentwood and Edmonds condo towers frequently have units in this range. First-time buyers should confirm presale contracts qualify — they generally do.

Resale Home Exemption

Resale homes at or below $50000,000000 qualify for zero PTT. Partial exemption between $50000,00001 and $525,000000. Studio and one-bedroom resale units in older Burnaby condo buildings occasionally fall in this range.

Important: Both FTB exemptions require the property to be your principal residence. Investment properties, vacation homes, and recreational properties do not qualify, even if you are a first-time buyer.

Buying in Burnaby: Local Tips & Costs

Key tips for Burnaby buyers in 2026:

Metrotown and Brentwood are the highest-demand areas — expect competitive offers and short listing times
Capitol Hill detached homes command $1.5M–$2M+ due to views and proximity to Burnaby Mountain
Burnaby has no municipal land transfer tax — only provincial PTT applies
New construction in Burnaby is subject to GST (5%) on top of PTT — plan for both
Many Burnaby strata buildings have rental restrictions — verify if purchasing as an investment
The Production Way/University SkyTrain station area has seen substantial commercial growth, influencing nearby residential demand

Burnaby Neighbourhoods and Price Points

South Burnaby (Suncrest, Southslope, Big Bend) has traditionally been the most affordable area for detached homes. North Burnaby (Capitol Hill, Burnaby Heights, Willingdon Heights) offers character homes and city views. Central Burnaby near Metrotown is the densest residential area. Edmonds, in southeast Burnaby, is an emerging neighbourhood with older stock and some of the city's most affordable entry points for condos. Each area has distinct transit access, school catchments, and price trajectories.

PTT vs. Land Transfer Tax in Other Provinces

BC's PTT is the provincial equivalent of land transfer taxes charged elsewhere in Canada. Ontario levies a Land Transfer Tax at similar tiered rates, and municipalities like Toronto add a second municipal layer. BC has no municipal land transfer tax — buyers in Burnaby pay only the provincial PTT. See our BC PTT guide or the best banks in BC for more home-buying resources.

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Related Resources:
BC Property Transfer Tax — Full Guide Best Banks in BC