BC Property Transfer Tax Calculator
Applies across British Columbia. Pre-filled with a typical Grandview-Woodland price. Adjust the inputs below for your specific transaction.
Your PTT on a $1,100,000 BC purchase is $20,000.
Calculate
Your price $1,100,000 falls in the 2% bracket.
- Gross PTT (marginal brackets)
- $20,000
Estimate only. Confirm with a licensed professional before relying on this number.
Show the math2 steps
| Step | Amount |
|---|---|
| 1% on $0–$200,000 (slice $200,000) (bc.ptt.brackets) | $2,000.00 |
| 2% on $200,000–$2,000,000 (slice $900,000) (bc.ptt.brackets) | $18,000.00 |
| Total | $20,000.00 |
Computed from the BC Real Estate Codex · CC BY 4.0
Where this fits in your buying journey
How BC Property Transfer Tax is calculated
Property Transfer Tax brackets are identical across British Columbia — 1% on the first $200,000, 2% on $200,000–$2,000,000, 3% on $2,000,000–$3,000,000, and 5% on any portion above $3,000,000. The buyer pays PTT in cash on closing day, on top of mortgage default insurance and other closing costs.
Common questions about BC Property Transfer Tax
How is the BC PTT calculated on a home in Grandview-Woodland?
BC Property Transfer Tax is calculated marginally: 1% on the first $200,000 of fair market value, 2% on the portion from $200,000 to $2,000,000, 3% on the portion from $2,000,000 to $3,000,000, and 5% on any portion above $3,000,000 (residential class). The total is paid by the buyer in cash on closing day. Grandview-Woodland uses the same provincial bracket structure as the rest of BC — the location does not change the calculation, but it may change which exemptions apply (e.g. foreign-buyer additional PTT applies in five specified regional districts including Metro Vancouver, Capital, Fraser Valley, Nanaimo, and Central Okanagan).
When do I pay PTT in Grandview-Woodland?
PTT is paid in cash on closing day, separate from your mortgage. Your notary or lawyer will calculate the final amount on the Statement of Adjustments and disburse the payment to the Province of British Columbia from your closing-day deposit. PTT cannot be financed through CMHC default mortgage insurance — it must come out of your down-payment cash.
Are there other taxes besides PTT in Grandview-Woodland?
Yes. Beyond the general PTT, you may owe: BC's 20% Foreign Buyer Additional PTT (if you are a foreign national, foreign corporation, or taxable trustee buying in a specified regional district — Grandview-Woodland sits in one); GST (5%) on newly built homes from the builder; and the BC Speculation and Vacancy Tax annually for properties not used as a principal residence or rented at least 6 months. The BC Home Flipping Tax may also apply on disposition if you sell within 730 days. See the /codex for full provenance.
Related
Verified sources (2)Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- BC Governmentretrieved 2026-05-19Property Transfer Taxhttps://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax
- BC Governmentretrieved 2026-05-08Property Transfer Tax Act, RSBC 1996, c. 378https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/96378_01
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