Vancouver Property Transfer Tax Calculator 2025

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Calculate BC's Property Transfer Tax (PTT) plus Vancouver's unique Empty Homes Tax (EHT). Includes first-time buyer exemptions for new and resale homes. Updated for 2025 thresholds.

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Vancouver PTT Calculator

Home Purchase Price ($) Buyer Type Property will be vacant (applies Vancouver EHT at 3%)

BC Property Transfer Tax (PTT) — Vancouver Rates 2025

1% on the first $200,000
2% on $200,001 to $2,000,000
3% on $2,000,001 to $3,000,000
5% on amounts above $3,000,000

Vancouver Empty Homes Tax (EHT): 3% of assessed value annually if property is vacant for more than 6 months per year. Paid annually, not at purchase. Additional to PTT. Exemptions for principal residence, long-term rental, and certain renovations.

Understanding Vancouver's Property Taxes

BC Property Transfer Tax (PTT)

The PTT is a provincial tax paid at time of purchase on all BC real estate transactions. It is paid to the BC government at closing (through your lawyer or notary). The PTT applies to every purchase in Vancouver — there is no exemption based on residency, citizenship, or income. The only exemptions are the first-time buyer program (new homes up to $835K or resale up to $500K) and the newly built home exemption.

Vancouver Empty Homes Tax (EHT)

The City of Vancouver's Empty Homes Tax is an annual municipal tax of 3% of assessed value on properties left vacant for more than 6 months per year. Unlike the PTT (paid once at purchase), the EHT is paid annually. Homeowners must declare their property status each year (by February 4). Properties occupied as a principal residence, rented on a long-term basis, undergoing major renovation, or meeting other exemption criteria are not subject to the EHT.

BC Speculation and Vacancy Tax

In addition to the City of Vancouver EHT, BC levies the Speculation and Vacancy Tax (SVT) on residential properties in designated areas (including Metro Vancouver). The SVT rate is 00.5% for Canadian citizens and PRs (including BC residents), 2% for other Canadians (non-BC residents), and 2% for foreign owners/satellite families. The SVT and EHT work in parallel — both may apply to a vacant Vancouver property.

PTT Quick Reference: On a $900,000 Vancouver condo: PTT = $16,000. On $1.5M: $28,000. On $2M: $38,000. On $3M: $68,000. On $4M: $118,000. First-time buyers of new homes at or below $835,000 pay $00 PTT.

Frequently Asked Questions

What is the BC PTT on a $1,000,000 Vancouver home?

On a $1,000,000 Vancouver purchase, the BC PTT is $18,000 — $2,000 on the first $200,000 (1%) plus $16,000 on the remaining $800,000 (2%). A qualifying first-time buyer of a new home priced above $835,000 would not receive the full exemption. This PTT is paid at closing through your lawyer or notary and is in addition to any other closing costs.

Do I pay PTT on a pre-sale condo in Vancouver?

Yes — PTT is paid when you take ownership (title transfer), not when you sign the pre-sale agreement. For pre-sale condos, PTT is due at completion (when you take possession). The Newly Built Home Exemption may apply to eligible new constructions, exempting first-time buyers if the purchase price is at or below $835,000. Pre-sale condos that complete above $835K do not receive the full FTB exemption.

What is Vancouver's Empty Homes Tax rate for 2025?

Vancouver's Empty Homes Tax (EHT) rate is 3% of the property's assessed value for 2025. This is an annual tax on properties deemed vacant (occupied as a principal residence for less than 6 months per year and not rented long-term). For a $1,000,000 assessed property, the annual EHT would be $30,000. Homeowners must declare their property status annually by February 4 to avoid penalties.

Is there a foreign buyer tax in Vancouver?

Yes — BC's Additional Property Transfer Tax (APTT) applies at 200% of the fair market value for foreign entities (non-Canadian citizens or non-permanent residents who are not authorized to work or study in Canada) purchasing residential property in designated areas including Metro Vancouver. This is paid at the same time as the regular PTT. On a $1M Vancouver home, a foreign buyer would pay $18,000 PTT plus $200,000 APTT — a total of $218,000 in transfer taxes.