BC Land Transfer Tax Calculator

BC Property Transfer Tax (PTT): 2026 Overview

British Columbia's Property Transfer Tax (PTT) is a one-time tax payable when a property changes hands. Unlike Ontario or Toronto's land-transfer tax, BC's PTT is administered solely at the provincial level — there is no separate municipal land-transfer tax in Vancouver, Burnaby, Victoria or other BC cities. The PTT is calculated on the fair market value (FMV) of the property at the time of registration with the Land Title Office, regardless of the purchase price. Most buyers pay PTT on the purchase price, but in unusual circumstances (gifts, related-party sales, foreclosure sales) Service BC may assess FMV separately.

BC's PTT uses a four-tier progressive structure: 1% on the first $200,000 of FMV, 2% on the portion between $200,000 and $2,000,000, 3% on the portion between $2,000,000 and $3,000,000, and 5% on any amount above $3,000,000 (residential property only). For residential properties valued above $3 million, the marginal 5% rate represents one of the steepest land-transfer taxes anywhere in Canada. An Additional Property Transfer Tax of 2% (rising to 20% in designated taxable regions like Metro Vancouver, Capital Regional District, Fraser Valley, Central Okanagan and Nanaimo) applies to foreign nationals, foreign corporations and certain taxable trustees acquiring residential property.

BC PTT Rates (2026)

BC offers a First Time Home Buyers' Program that fully exempts PTT on qualifying homes priced at $500,000 or less, and provides a partial exemption on homes between $500,000 and $860,000. The Newly Built Home Exemption fully exempts qualifying new-build purchases up to $1.1 million, with a partial exemption phasing out by $1.15 million. Buyers must meet residency and use-of-property tests (BC resident or new permanent resident within 12 months, principal residence within 92 days, and occupied for a minimum period). Additional refunds are available for foreign buyers who become permanent residents within one year of purchase. PTT must be paid at the time of property registration with the Land Title Office; failure to pay blocks transfer of title.