Property Transfer Tax is a provincial tax that must be paid when you purchase or gain an interest in a property in British Columbia. 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 the 2026 residential rate tiers and standard exemptions. Consult a legal professional for exact closing costs.
The tax is tiered: 1% on the first $200,000, 2% on the portion up to $2,000,000, and 3% on the portion above $2,000,000. An additional 2% (total 5%) applies to the portion of residential property value over $3,000,000.
Yes. Qualifying first-time buyers may be exempt from paying the tax on homes with a purchase price of up to $835,000, with a partial exemption available for homes up to $860,000.
You may qualify for a full exemption if the purchase price of your newly built home is $1,100,000 or less, with a partial exemption available up to $1,150,000.