Bruce McCallum, REALTORĀ®

Homes In Victoria

Property Transfer Tax for Buyers

As a home buyer, you might have to pay PTT (Property Transfer Tax)

If you are planning a move and are trying to calculate all the expenses you might have, don't forget that as a home buyer, you may be subject to a Property Transfer Tax. It's based on the purchase price of the property.

For complete details on PTT, CLICK HERE.


As there are many different situations (first-time home buyers, non-residents in BC, etc.), there may be a reduction or exemption in the PTT. However, for many home buyers, the Property Transfer Tax will be equal to 1% of the first $200,000 plus 2% of the amount from $200,001 to $2 Million plus any amount over $2,000,001 will be charged at 3%


Want a PTT calculator to make it simple? CLICK HERE


First-time home buyer? CLICK HERE


It's just another detail that you should budget for.


Happy Home Hunting!


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