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British Columbia Land Transfer Tax Calculator

Work out the land transfer tax on a home in British Columbia, with any first-time buyer rebate.

$

In Metro Vancouver and some other areas

Land transfer tax

$12,000

1.71% of the price

BC property transfer tax
$12,000

What this means

Land transfer tax works in slices: each rate applies only to the part of the price in its band, which is why bigger homes pay a higher share.

It’s due in cash at closing and can’t be added to your mortgage, so save for it.

Next step

How it’s worked out

BC property transfer tax
$0 to $200,0001%$2,000.00
Over $200,0002%$10,000.00
To pay$12,000.00

British Columbia at a glance

British Columbia charges property transfer tax of 1% on the first $200,000, 2% up to $2 million, 3% above that, and a further 2% on a home’s value over $3 million. First-time buyers pay no tax on the first $500,000 of a home worth up to $835,000, and newly built homes up to $1.1 million are exempt.

Assumptions in this estimate
  • Both exemptions phase out: the first-time buyer one by $860,000 and the new home one by $1,150,000.
  • Foreign buyers pay an additional 20% in Metro Vancouver, the Fraser Valley, the Capital Regional District, Central Okanagan and Nanaimo.
  • Lawyer or notary fees, title insurance and land registration fees aren’t included unless shown.
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British Columbia land transfer tax at a glance

British Columbia charges property transfer tax of 1% on the first $200,000, 2% up to $2 million, 3% above that, and a further 2% on a home’s value over $3 million. First-time buyers pay no tax on the first $500,000 of a home worth up to $835,000, and newly built homes up to $1.1 million are exempt.

The tax is usually paid by your lawyer or notary when the sale closes, so you need it in cash on top of your down payment. Use the calculator above to see the exact amounts for your home.

Source: Government of BC: Property transfer tax

Notes for British Columbia

  • Both exemptions phase out: the first-time buyer one by $860,000 and the new home one by $1,150,000.
  • Foreign buyers pay an additional 20% in Metro Vancouver, the Fraser Valley, the Capital Regional District, Central Okanagan and Nanaimo.
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