Property Transfer Tax
$0| Purchase Price | $0 |
| Provincial Tax | $0 |
| Total Tax | $0 |
| Average Tax Rate | 0% |
British Columbia Property Transfer Tax Rates
| Property Purchase Price | Tax Rate |
|---|---|
| First $200,000 | 1% |
| Over $200,000 to $2,000,000 | 2% |
| Over $2,000,000 to $3,000,000 | 3% |
| Over $3,000,000 | 5% |
First-Time Home Buyers Program
What is the First-Time Home Buyers Program?
Eligible first-time home buyers in British Columbia may receive an exemption of up to $8,000 on the Property Transfer Tax. Qualifying buyers receive a full exemption on Provincial Property Transfer Taxes for the purchase of homes with a value of $835,000 or less. A partial exemption on the property transfer tax is provided for homes with a value of more than $835,000 but less than $860,000. No first-time home buyer property transfer tax exemption is available for homes over $860,000 in fair market value.
Who is Eligible for the First-Time Home Buyers Exemption?
The eligility requirement for first-time home buyers is outlined on the B.C. government website.
Newly Built Home Exemption
What is the Newly Built Home Exemption?
Purchasers of a newly built eligible home in British Columbia receive a full exemption on Provincial Property Transfer Taxes for homes with a value of $1,100,000 or less. A partial exemption on the property transfer tax is provided for homes with a value of more than $1,100,000 but less than $1,150,000. No newly built home property transfer tax exemption is available for homes over $1,150,000 in fair market value.
Who is Eligible for the Newly Built Home Exemption?
The eligility requirement for first-time home buyers is outlined on the B.C. government website.