Rates
| Value | Rate |
|---|---|
| First $200,000 | 1% |
| $200,000 – $2,000,000 | 2% |
| Over $2,000,000 | 3% |
| Residential over $3,000,000 | +2% |
Exemptions (since April 1, 2024)
- First-time buyers: no tax on the first $500,000 (saving up to $8,000) for homes up to $835,000, phasing out by $860,000.
- Newly built homes: full exemption up to $1,100,000, partial to $1,150,000.
Foreign buyers pay an additional 20% in specified areas.
FAQ
How much is property transfer tax on an $800,000 home in B.C.?
$14,000, or $6,000 for a first-time buyer.
Sources (checked Nov 6, 2026): B.C. Ministry of Finance, Property Transfer Tax; Budget 2024 exemption changes.