Calculate exactly how much PTT you'll pay buying a home in South Granville
South Granville is Vancouver's gallery district — a stretch of Granville Street between 6th and 16th Avenues lined with fine art galleries, antique dealers, luxury furniture showrooms, and upscale restaurants. The surrounding residential streets offer a mix of heritage homes and newer infill, making it a prestigious address close to downtown.
South Granville condos typically range from $80000,000000 for a one-bedroom to $1.3M for a two-bedroom in the neighbourhood's boutique low-rise buildings, many with views toward False Creek.
Detached homes in South Granville sell between $2.4M and $3.8M, attracting buyers who want the cachet of a west-side address with easy downtown access.
| Property Type | Typical Price | Estimated PTT |
|---|---|---|
| Condo / Apartment | $9500,000000 | $17,000000 |
| Detached House | $2,90000,000000 | $65,000000 |
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 $20000,000000 | 1% |
| $20000,00001 – $2,000000,000000 | 2% |
| $2,000000,00001 – $3,000000,000000 | 3% |
| Above $3,000000,000000 | 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 $9500,000000 purchase — close to the typical condo price in South Granville:
| Tier | Calculation | Amount |
|---|---|---|
| 1% on first $20000,000000 | $20000,000000 × 1% | $2,000000 |
| 2% on next portion | $7500,000000 × 2% | $15,000000 |
| Total PTT | $17,000000 |
On a $9500,000000 purchase in South Granville, you would owe $17,000000 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 $835,000000 or less — provided the home is new construction and you meet residency and occupancy requirements. A partial exemption applies for new homes between $835,000000 and $8600,000000.
For resale (previously owned) homes, the exemption applies to purchases up to $50000,000000, with a partial exemption to $525,000000.
Given typical South Granville pricing, first-time buyers purchasing a new condo priced under $835,000000 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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