British Columbia

Property transfer tax

BC’s property transfer tax, with the first-time home buyers’ and newly built home exemptions.

Rules for

Purchase details

Purchase price

BC taxes fair market value, which for an ordinary sale is the price.

Residential propertyUntick for commercial or other non-residential property.First-time home buyerCanadian citizen or PR, a year in BC (or two BC tax returns), never owned a principal residence anywhere, and moving in within 92 days.Newly built homeThe first sale of a new home you will live in. You do not need to be a first-time buyer.

Property transfer tax to pay

$14,000.00

Property transfer tax: $14,000.00

Good to know

The first-time exemption covers the tax on the first $500,000 — up to $8,000 — for homes up to $835,000, and phases out by $860,000.
The newly built exemption covers the whole tax up to $1.1 million and phases out by $1.15 million. Only one exemption can be claimed; the larger one is shown.
Not included: the 20% additional tax on foreign buyers in Metro Vancouver, the Capital, Fraser Valley, Central Okanagan and Nanaimo regional districts.

Where the rules come from

BC — property transfer tax · checked 2026-09-29
BC — first time home buyers’ program · checked 2026-09-29
BC — newly built home exemption · checked 2026-09-29
BC — additional property transfer tax · checked 2026-09-29

An estimate from the published government rules. The lawyer or notary registering the purchase works out the final amount; confirm with them before quoting a figure.