BC Property Transfer Tax — every change since 2016

Timeline of BC Property Transfer Tax changes

• 2024-04-01Currentbc.ptt.fthb_exemption

  BC First Time Home Buyer PTT exemption

  {
    "full_exemption_max": 500000,
    "fixed_reduction_band_max": 835000,
    "fixed_reduction_amount": 8000,
    "phase_out_band_max": 860000,
    "phase_out_per_dollar_above_835k": 320
  }

  • BC Government — First Time Home Buyers' Program
• 2024-04-01Currentbc.ptt.newly_built_exemption

  BC Newly Built Home PTT exemption

  {
    "full_exemption_max": 1100000,
    "phase_out_band_max": 1150000
  }

  • BC Government — Newly Built Home Exemption
• 2018-02-21Currentbc.ptt.brackets

  BC Property Transfer Tax brackets

  [
    {
      "upper": 200000,
      "rate": 0.01
    },
    {
      "upper": 2000000,
      "rate": 0.02
    },
    {
      "upper": 3000000,
      "rate": 0.03
    },
    {
      "upper": null,
      "rate": 0.05
    }
  ]

  • BC Government — Calculate the Property Transfer Tax
  • BC Government — Property Transfer Tax Act, RSBC 1996, c. 378
• 2018-02-21Currentbc.ptt.foreign_buyer_additional

  BC Foreign Buyer Additional Property Transfer Tax

  {
    "rate": 0.2,
    "specified_areas": [
      "Metro Vancouver Regional District",
      "Capital Regional District",
      "Fraser Valley Regional District",
      "Regional District of Nanaimo",
      "Regional District of Central Okanagan"
    ]
  }

  • BC Government — Additional Property Transfer Tax for Foreign Entities
• 2017-02-22Historical · superseded 2024-04-01bc.ptt.fthb_exemption

  BC First Time Home Buyer PTT exemption

  {
    "full_exemption_max": 500000,
    "fixed_reduction_band_max": 525000,
    "fixed_reduction_amount": "partial",
    "phase_out_band_max": 525000,
    "phase_out_per_dollar_above_500k": null
  }

  Pre-April 2024 thresholds. The 2024 budget materially raised the full exemption cap and introduced a flat $8,000 reduction band.

  • BC Government — FTHB Program (pre-2024 thresholds, archived in BC Government PDF history)
• 2016-02-17Historical · superseded 2024-04-01bc.ptt.newly_built_exemption

  BC Newly Built Home PTT exemption

  {
    "full_exemption_max": 750000,
    "phase_out_band_max": 800000
  }

  Pre-April 2024 thresholds.

  • BC Government — Newly Built Home Exemption (pre-2024 thresholds)