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BC Real Estate Glossary

Property Transfer Tax

Also known as: PTT · BC PTT · Land Transfer Tax · BC 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.

Property Transfer Tax (PTT) is a one-time tax payable to the Province of British Columbia on closing whenever residential title is transferred. It 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 the portion above $3,000,000 (residential class).

PTT is separate from the buyer's mortgage and is not financeable through CMHC default insurance — it is paid in cash on closing day. Several exemptions exist, including the First Time Home Buyers' exemption (full exemption to $500,000 with phase-out to $860,000) and the Newly Built Home exemption (full exemption to $1,100,000 with phase-out to $1,150,000), which are mutually exclusive.

Foreign nationals, foreign corporations, and taxable trustees buying residential property in five specified BC regional districts (Metro Vancouver, Capital, Fraser Valley, Nanaimo, Central Okanagan) pay an additional 20% PTT on top of the general rate.

Related terms

  • First Time Home Buyers' PTT 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.
  • 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.
  • BC Foreign Buyer Additional PTT — A 20% additional Property Transfer Tax payable by foreign nationals, foreign corporations, and taxable trustees buying residential property in five specified BC regional districts.
  • Builders Lien (BC Builders Lien Act) — A statutory charge under the BC Builders Lien Act (SBC 1997, c.

See also

Cite this fact

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BibTeX — LaTeX, academic
@misc{bronsonjob-bc_ptt_brackets,
  author       = {Job, Bronson},
  title        = {{BC Property Transfer Tax brackets}},
  howpublished = {BC Real Estate Codex},
  year         = {2026},
  url          = {https://www.bronsonjob.com/codex#bc.ptt.brackets},
  urldate      = {2026-05-08},
  note         = {Fact ID: bc.ptt.brackets, version 1.}
}
APA — Press, journalism
Job, B. (2026). BC Property Transfer Tax brackets. *BC Real Estate Codex*. Retrieved 2026-05-08, from https://www.bronsonjob.com/codex#bc.ptt.brackets
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BC Property Transfer Tax brackets — Bronson Job, BC Real Estate Codex (2026-05-08). https://www.bronsonjob.com/codex#bc.ptt.brackets

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

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Bronson Job, REALTOR®
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