BC Property Transfer Tax: 2 Ways You Don’t Have to Pay

Buying a home in BC comes with extra costs including the Property Transfer Tax (PTT), which can add up to thousands at closing. But here’s the good news: there are two major exemptions that can help you avoid paying PTT when purchasing real estate *terms and conditions apply

In this video, I break down:
✅ What Property Transfer Tax is and how it’s calculated
✅ The new construction exemption (full exemption up to $1,100,000, partial up to $1,150,000)
✅ The first-time home buyer exemption ($8k rebate up to $835,000, further partial rebates up to $860,000)
✅ How these exemptions could save you $8,000–$20,000+ when buying a home in BC
✅ Which option might apply to YOU

Whether you’re a first-time home buyer in BC or considering new construction, this video will help you understand how to save big on your next purchase.

0:00 - How to Avoid Paying Property Transfer Tax (PTT) in BC
0:13 - Introduction: The $18,000 Tax on a Million Dollar Home
0:45 - Quick Refresher: How BC Property Transfer Tax is Calculated
1:07 - *Exemption 1: The New Residential Property Exemption*
1:16 - Key Requirement: Must be Your Principal Residence in BC
1:40 - Full PTT Exemption Up To $1.1 Million Purchase Price
2:09 - Why the PTT Exemption Threshold Increase Helps Fraser Valley Buyers
2:34 - *Exemption 2: First-Time Home Buyer Exemption (FTHB)*
2:50 - FTHB Exemption Stretches Up To $835,000 Purchase Price
3:06 - Real Numbers: $8,000 Tax Savings for First-Time Buyers
3:45 - When the FTHB Exemption Phases Out (Above $835k)
4:02 - Key FTHB Qualification Requirements (Citizenship, Residency, Tax Returns)
4:37 - Recap: New Build vs. First-Time Buyer Tax Savings
5:04 - GST Warning: GST is Still Applicable on New Construction
5:12 - Determining if You Qualify for BC Tax Exemptions

Property Transfer Tax website: https://www2.gov.bc.ca/gov/content/ta...

👉 Don’t forget to like this video, subscribe, and hit the notification bell for more real estate tips, home prep advice, and market updates in BC!

📲 Thinking of selling your home in the Fraser Valley or South Delta? Reach out anytime, I’d love to help you prepare, market, and sell with confidence.
Need to move to another area not listed here? Let me help connect you with one of my referral partners!

Whenever you’re ready, here are a few ways to get in touch! 👇

𝑪𝒐𝒏𝒕𝒂𝒄𝒕 𝑭𝒐𝒓𝒎 https://courtneyrufh.com/contact
𝑪𝒂𝒍𝒍 𝒐𝒓 𝑻𝒆𝒙𝒕: 778-686-RUFH (7834)
𝑬𝒎𝒂𝒊𝒍: [email protected]

📷 𝑰𝒏𝒔𝒕𝒂𝒈𝒓𝒂𝒎:   / courtneyrufhrealestate  
⚫️ 𝑻𝒊𝒌𝑻𝒐𝒌: https://www.tiktok.com/@courtneyrufhr...
🔵 𝑭𝒂𝒄𝒆𝒃𝒐𝒐𝒌:   / courtneyrufhrealtor  
🔴 𝒀𝒐𝒖𝒕𝒖𝒃𝒆:    / @courtneyrufhrealtor