British Columbia
The purchase price is the number everyone quotes. Closing costs are the ones that decide whether you can actually complete, and property transfer tax is the largest of them. Here is what each is, and what they come to in your city.
Cities covered
53
Typical share of price
2.1%
Exemption up to
$500K
Minimum down
5%
The tax is charged on a rising scale, so it is not one rate on the whole price. Each band applies only to the part of the price that falls inside it.
| Purchase price | Transfer tax |
|---|---|
| $500,000 | $8,000 |
| $800,000 | $14,000 |
| $1,200,000 | $22,000 |
| $2,000,000 | $38,000 |
A qualifying first-time buyer pays no transfer tax on the first $500,000 of value. The exemption phases out between $835,000 and $860,000 and is gone above that, which in the higher-priced parts of the province means it reaches only the lower end of the market. Eligibility turns on residency, tax filing history and never having owned a principal residence anywhere, so confirm it with gov.bc.ca or your conveyancer rather than assuming it.
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Each figure is worked against that city's current median asking price, so the gap between them is mostly the gap in price level.
Surrey
Median $1.04M
About $21,848 to close
Vancouver
Median $1.39M
About $28,830 to close
Richmond
Median $1.04M
About $21,810 to close
Burnaby
Median $899K
About $19,030 to close
Kelowna
Median $799K
About $17,030 to close
Langley
Median $950K
About $20,050 to close
Abbotsford
Median $820K
About $17,448 to close
Coquitlam
Median $950K
About $20,048 to close
Chilliwack
Median $740K
About $15,848 to close
Kamloops
Median $640K
About $13,848 to close
Maple Ridge
Median $1.10M
About $23,046 to close
North Vancouver
Median $1.30M
About $27,030 to close
Vernon
Median $625K
About $13,550 to close
Prince George
Median $409K
About $9,230 to close
Nanaimo
Median $730K
About $15,640 to close
Mission
Median $899K
About $19,030 to close
Delta
Median $1.28M
About $26,590 to close
New Westminster
Median $709K
About $15,239 to close
West Kelowna
Median $739K
About $15,830 to close
West Vancouver
Median $2.99M
About $70,720 to close
Langford
Median $700K
About $15,048 to close
Victoria
Median $725K
About $15,548 to close
Saanich
Median $1.09M
About $22,830 to close
Penticton
Median $653K
About $14,100 to close
White Rock
Median $1.20M
About $25,048 to close
Port Coquitlam
Median $1M
About $21,050 to close
Osoyoos
Median $492K
About $10,895 to close
Whistler
Median $1.70M
About $35,030 to close
Port Moody
Median $999K
About $21,026 to close
Campbell River
Median $677K
About $14,599 to close
Salmon Arm
Median $675K
About $14,548 to close
Squamish
Median $1.08M
About $22,720 to close
Lake Country
Median $1000K
About $21,048 to close
Sechelt
Median $825K
About $17,549 to close
Sooke
Median $800K
About $17,048 to close
Fort St. John
Median $409K
About $9,230 to close
Courtenay
Median $760K
About $16,248 to close
Duncan
Median $825K
About $17,550 to close
Port Alberni
Median $599K
About $13,030 to close
Quesnel
Median $362K
About $8,298 to close
Merritt
Median $475K
About $10,549 to close
Powell River
Median $568K
About $12,410 to close
Parksville
Median $740K
About $15,848 to close
Gibsons
Median $999K
About $21,030 to close
Oliver
Median $749K
About $16,030 to close
Summerland
Median $849K
About $18,030 to close
Dawson Creek
Median $349K
About $8,030 to close
Qualicum Beach
Median $850K
About $18,050 to close
Hope
Median $702K
About $15,089 to close
Williams Lake
Median $468K
About $10,410 to close
Cranbrook
Median $550K
About $12,048 to close
Nelson
Median $750K
About $16,049 to close
Salt Spring
Median $1.09M
About $22,900 to close
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Provincial rates verified against gov.bc.ca on 2026-07-22. Legal, inspection, appraisal and title insurance figures are typical amounts, not quotes. Median asking prices come from current displayable BCRES MLS® inventory, and these pages recompute daily. General information, not tax or legal advice.