British Columbia Land Transfer Tax Calculator

Home / Mortgage Calculators / Canada Land Transfer Tax Calculator / British Columbia Land Transfer Tax Calculator

Land transfer tax (LTT) – also known as property transfer tax – is one of the largest fees associated with the closing of your home and is often overlooked when calculating your total purchase amount. LTT is paid by homebuyers to the province when the ownership of the home or property is transferred from the seller to the buyer. 

See: Everything You Need to Know About the Land Transfer Tax

British Columbia Land transfer tax calculator

Land transfer tax rates in British Columbia

Land transfer tax rates in British Columbia are calculated based on the purchase price of your property. 

Home Purchase PriceMarginal Tax Rate
First $200,0001.0%
$200,001-$2,000,0002.0%
Over $2,000,0003%
Over $3,000,000+2% for residential properties (5% total)

British Columbia land transfer tax rebate

In British Columbia, first-time home buyers are eligible for a refund of all or part of the land transfer tax. Homes purchased for $500,000 or less will receive a full refund, while homes with a purchase price between $500,000 and $525,000 will receive a partial rebate.

The newly built home exemption also reduces or eliminates the amount of property transfer tax you pay when you purchase a newly built home.

First-time home buyer eligibility in British Columbia

As mentioned above, first-time home buyers are eligible for a refund of all or part of the land transfer tax. Homes purchased for $500,000 or less will receive a full refund, while homes with a purchase price between $500,000 and $525,000 will receive a partial rebate.

How nesto works

We offer all the help of a mortgage broker, without the commission. Simply put, our salaried mortgage advisors are rewarded based on your satisfaction. We’re here to help you reach your goal and guide you through the complicated world of home financing. #yesyoucan #empowermentisthenewsexy

Every mortgage professional knows the market’s best rates every time they check their email. Only a few of them will give you that rate without making you work for it. nesto’s here to change the industry for this very reason. You always get the best rate upfront with nesto.