Property Transfer Tax is a provincial tax that must be paid when you purchase property in BC. Use this 2026 tool to estimate your closing costs and check eligibility for exemptions.
| General PTT Rate | Tiered 1-5% |
| Exemption Applied | None |
*Calculations include 2026 rates. Consult a legal professional for exact closing costs.
"In my 30 years as a BC Realtor, I've seen PTT surprise many buyers on closing day. For 2026, keep a close eye on the Newly Built Home threshold—at $1.1M, it offers a massive saving for families. If you're a first-time buyer, ensure you meet the 'principal residence' requirement to keep your exemption valid, or the province may claw it back later."
The tax is tiered: 1% on the first $200k, 2% up to $2M, 3% up to $3M, and 5% on the portion over $3M for residential properties.
Yes. Qualifying buyers may be exempt on homes up to $835,000, with a partial exemption up to $860,000.