Calculate exactly how much PTT you'll pay buying a home in Kitsilano
Kitsilano (Kits) is one of Vancouver's most beloved west-side neighbourhoods, stretching along the waterfront near Kits Beach. Known for its mix of heritage homes, boutique shops on 4th Avenue, and a vibrant café culture, Kits attracts young professionals, families, and downsizers alike.
Kitsilano condos typically range from $750,000 for a one-bedroom to $1.2M+ for two-bedroom units with ocean views.
Detached homes in Kitsilano generally sell between $2.3M and $3.5M, reflecting the neighbourhood's premium west-side location and lot sizes.
| Property Type | Typical Price | Estimated PTT |
|---|---|---|
| Condo / Apartment | $850,000 | $15,000 |
| Detached House | $2,800,000 | $62,000 |
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 $850,000 purchase — close to the typical condo price in Kitsilano:
| Tier | Calculation | Amount |
|---|---|---|
| 1% on first $200,000 | $200,000 × 1% | $2,000 |
| 2% on next portion | $650,000 × 2% | $13,000 |
| Total PTT | $15,000 |
On a $850,000 purchase in Kitsilano, you would owe $15,000 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 Kitsilano 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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