Land transfer & closing costs
BC's Property Transfer Tax is 1% on the first $200,000, 2% up to $2M, and 3% above. The First Time Home Buyers' Program can fully exempt the tax on qualifying homes up to $835,000.
British Columbia, Canada
A free, independent mortgage guide for British Columbia
Whether you're buying your first home in Vancouver, renewing in Surrey, or just want to understand your mortgage across British Columbia, Kaiu gives you the numbers — no lender, no broker, no sales pitch.
First-time buyers in British Columbia
BC's First Time Home Buyers' Program offers a full or partial Property Transfer Tax exemption, and the newer Newly Built Home Exemption helps buyers of new construction.
British Columbia market snapshot
Metro Vancouver consistently ranks among the least affordable markets in North America, so amortization strategy and access to alternative lenders can be decisive.
This guide applies across Vancouver, Surrey, Victoria, Burnaby, Kelowna and every community in British Columbia.
British Columbia mortgage questions
- What is the land transfer tax in British Columbia?
- BC's Property Transfer Tax is 1% on the first $200,000, 2% up to $2M, and 3% above. The First Time Home Buyers' Program can fully exempt the tax on qualifying homes up to $835,000.
- Are there first-time home buyer programs in British Columbia?
- BC's First Time Home Buyers' Program offers a full or partial Property Transfer Tax exemption, and the newer Newly Built Home Exemption helps buyers of new construction.
- Can Kaiu help me understand my mortgage renewal in British Columbia?
- Yes. Kaiu's free mortgage review walks through your renewal date, rate, and home equity, and gives you a plain-language health score and a list of things worth checking — entirely in your browser, with nothing saved or sent anywhere.
- Is Kaiu a mortgage lender or broker in British Columbia?
- No. Kaiu is an independent, educational tool. It does not lend money, broker mortgages, or earn commissions from any lender.