British Columbia · 2026
B.C. mortgage calculator
Payments, CMHC insurance and B.C. property transfer tax with the first time home buyers’ exemption (up to $8,000 on homes to $835,000).
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Buying a home in British Columbia
- Property transfer tax: 1% on the first $200,000, 2% to $2 million, 3% above, and a further 2% on residential value over $3 million.
- First time home buyers’ exemption: full exemption to $500,000; up to $8,000 off to $835,000; partial to $860,000.
- Newly built homes may be fully exempt up to $1.1 million (not modelled here yet).
- No sales tax on the CMHC premium in B.C.
On a $900,000 Vancouver home, property transfer tax is $16,000. A first-time buyer at $835,000 would pay $6,700 instead of $14,700.
Frequently asked questions
How much is property transfer tax on a $900,000 home in B.C.?
$16,000: 1% of $200,000 plus 2% of $700,000. At $900,000 the first-time buyer exemption no longer applies.
Is there a first-time buyer exemption in B.C.?
Yes. Since April 1, 2024, homes up to $500,000 are fully exempt, up to $835,000 the exemption is $8,000, and it phases out at $860,000.
Official sources Checked November 1, 2026