Calculate exactly how much PTT you'll pay buying a home in Kerrisdale
Kerrisdale is an elegant west-side neighbourhood known for its quiet, tree-lined streets, village-like shopping district on 41st Avenue, and proximity to top Vancouver schools including Magee Secondary and Point Grey Secondary. It attracts established families and downsizers who value safety, greenery, and west-side prestige.
Kerrisdale condos — many in low- and mid-rise buildings popular with retirees — typically range from $750,000 for a one-bedroom to $1.3M for a two-bedroom with updates.
Detached homes in Kerrisdale generally sell between $2.2M and $3.5M, reflecting the neighbourhood's premium west-side cachet and excellent school catchments.
| Property Type | Typical Price | Estimated PTT |
|---|---|---|
| Condo / Apartment | $900,000 | $16,000 |
| Detached House | $2,600,000 | $56,000 |
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 $900,000 purchase — close to the typical condo price in Kerrisdale:
| Tier | Calculation | Amount |
|---|---|---|
| 1% on first $200,000 | $200,000 × 1% | $2,000 |
| 2% on next portion | $700,000 × 2% | $14,000 |
| Total PTT | $16,000 |
On a $900,000 purchase in Kerrisdale, you would owe $16,000 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 Kerrisdale 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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