Calculate exactly how much PTT you'll pay buying a home in Point Grey
Point Grey is one of Vancouver's most prestigious addresses, situated on the peninsula west of Dunbar and north of Pacific Spirit Park. Home to UBC's main campus, Jericho Beach, and some of the city's grandest estate homes, Point Grey commands top dollar and attracts high-net-worth buyers from across Canada and internationally.
Condos in Point Grey are scarce and premium-priced, typically ranging from $850,000 for a one-bedroom to $1.5M+ for larger units, particularly along the waterfront blocks near Jericho.
Point Grey detached homes rank among Vancouver's most expensive, typically selling from $2.8M to $6M+, with trophy waterfront properties exceeding $10M.
| Property Type | Typical Price | Estimated PTT |
|---|---|---|
| Condo / Apartment | $950,000 | $17,000 |
| Detached House | $3,200,000 | $78,000 |
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 $950,000 purchase — close to the typical condo price in Point Grey:
| Tier | Calculation | Amount |
|---|---|---|
| 1% on first $200,000 | $200,000 × 1% | $2,000 |
| 2% on next portion | $750,000 × 2% | $15,000 |
| Total PTT | $17,000 |
On a $950,000 purchase in Point Grey, you would owe $17,000 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 Point Grey 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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