Calculate exactly how much PTT you'll pay buying a home in Fairview
Fairview slopes gently from the west side of Cambie Street down to False Creek, offering spectacular views, proximity to Vancouver General Hospital, and the amenities of South Granville and Broadway. It's a popular choice for medical professionals and young families who want west-side access without Shaughnessy prices.
Fairview condos — many with False Creek or city views — typically range from $700,000 for a one-bedroom to $1.1M for a two-bedroom. The False Creek waterfront has some of the neighbourhood's most premium inventory.
Detached homes in Fairview sell between $1.9M and $2.8M, with properties closer to Granville and 16th commanding premiums.
| Property Type | Typical Price | Estimated PTT |
|---|---|---|
| Condo / Apartment | $820,000 | $14,400 |
| Detached House | $2,200,000 | $44,000 |
BC PTT is calculated on the fair market value of the property at the time of transfer. The tax uses a tiered structure:
| Price Tier | Rate |
|---|---|
| First $200,000 | 1% |
| $200,001 – $2,000,000 | 2% |
| $2,000,001 – $3,000,000 | 3% |
| Above $3,000,000 | 5% |
For a full breakdown and more examples, see our BC Property Transfer Tax guide.
Here's a step-by-step PTT calculation for a $820,000 purchase — close to the typical condo price in Fairview:
| Tier | Calculation | Amount |
|---|---|---|
| 1% on first $200,000 | $200,000 × 1% | $2,000 |
| 2% on next portion | $620,000 × 2% | $12,400 |
| Total PTT | $14,400 |
On a $820,000 purchase in Fairview, you would owe $14,400 in property transfer tax. This amount is due on the closing date and is paid through your BC notary or real estate lawyer.
BC first-time home buyers may qualify for a full property transfer tax exemption on homes priced at $835,000 or less — provided the home is new construction and you meet residency and occupancy requirements. A partial exemption applies for new homes between $835,000 and $860,000.
For resale (previously owned) homes, the exemption applies to purchases up to $500,000, with a partial exemption to $525,000.
Given typical Fairview pricing, first-time buyers purchasing a new condo priced under $835,000 could save thousands of dollars in PTT. Always confirm your eligibility with a BC notary or real estate lawyer before closing.
Enter any purchase price to calculate your exact property transfer tax.
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