Codex Changelog
BC Property Transfer Tax — every change since 2016
The BC Property Transfer Tax has been amended several times in the past decade — the top-bracket rate, the surcharge foreign buyers pay, and the thresholds for both the First-Time Home Buyer and Newly Built exemptions have all moved. This page lists every change, newest first, with the citation for each one.
Last reviewed by Bronson Job PREC, REALTOR®Sources: BC.gov.ca, BC Hansard, bclaws.gov.bc.caCC BY 4.0How we verify
Timeline of BC Property Transfer Tax changes
- Currentbc.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 } - Currentbc.ptt.newly_built_exemption
BC Newly Built Home PTT exemption
{ "full_exemption_max": 1100000, "phase_out_band_max": 1150000 } - Currentbc.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 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Valley Regional District", "Regional District of Nanaimo", "Regional District of Central Okanagan" ] }- Historical · superseded 2024-04-01bc.ptt.fthb_exemption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.
- Historical · superseded 2024-04-01bc.ptt.newly_built_exemption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.