Skip to main content
BC Real Estate Glossary

First Time Home Buyers' PTT Exemption

Also known as: FTHB exemption · FTHB · First Time Home Buyer exemption

A BC Property Transfer Tax exemption for qualifying first-time home buyers — full exemption to $500,000 fair market value, fixed $8,000 reduction $500,000–$835,000, linear phase-out $835,000–$860,000.

The First Time Home Buyers' (FTHB) exemption was raised April 1, 2024 to provide full PTT relief for fair market values at or under $500,000 and a fixed $8,000 reduction for FMVs between $500,000 and $835,000. Above $835,000 the reduction phases out linearly, reaching $0 at $860,000 — buyers above $860,000 receive no exemption.

To qualify, the buyer must be a Canadian citizen or permanent resident, must occupy the home as their principal residence within 92 days of registration and remain for at least 1 year, and must never have held a registered interest in a principal residence anywhere in the world. Foreign nationals are not eligible. The exemption is mutually exclusive with the Newly Built Home Exemption.

Related terms

  • Property Transfer Tax — A provincial tax payable to the Province of British Columbia on the registered fair market value of any residential property title transfer, calculated using marginal-rate brackets.
  • Newly Built Home PTT Exemption — A BC Property Transfer Tax exemption for newly constructed homes with FMV at or under $1,100,000, with linear phase-out to $1,150,000.

See also

Cite this fact

Use any of these formats. Codex content is licensed under CC BY 4.0 — attribution required.

BibTeX — LaTeX, academic
@misc{bronsonjob-bc_ptt_fthb_exemption,
  author       = {Job, Bronson},
  title        = {{BC First Time Home Buyer PTT exemption}},
  howpublished = {BC Real Estate Codex},
  year         = {2026},
  url          = {https://www.bronsonjob.com/codex#bc.ptt.fthb_exemption},
  urldate      = {2026-05-08},
  note         = {Fact ID: bc.ptt.fthb_exemption, version 2.}
}
APA — Press, journalism
Job, B. (2026). BC First Time Home Buyer PTT exemption. *BC Real Estate Codex*. Retrieved 2026-05-08, from https://www.bronsonjob.com/codex#bc.ptt.fthb_exemption
Plain link — Slack, email, Twitter
BC First Time Home Buyer PTT exemption — Bronson Job, BC Real Estate Codex (2026-05-08). https://www.bronsonjob.com/codex#bc.ptt.fthb_exemption

Fact id: bc.ptt.fthb_exemption · v2 · machine-readable: /api/v1/facts/by-id/bc.ptt.fthb_exemption.json

Verified sources (1)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.

Fact ID: bc.ptt.fthb_exemption · v2View in Codex →
Spot an issue? Report an inaccuracy · How we verify
Bronson Job, REALTOR®
Bronson JobREALTOR® · GVR Member #6015742 · FVREB Member #FJOBBR