The British Columbia Newly Built Home Program is a provincial initiative designed to eliminate or significantly reduce the Property Transfer Tax (PTT) for individuals purchasing a newly constructed home. To reflect current market conditions, this program was expanded following the 2024 Budget. As of March 2026, eligible buyers can save up to $20,000 when purchasing a qualifying principal residence, helping to lower the initial cost of buying a brand-new home. Click here for more information.

Newly Built Home PTT Exemption Calculator

Fair Market Value ($): Calculate Tax

Breakdown:

Standard PTT: $0

Exemption Amount: -$0

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Total PTT Payable: $0

Please contact our office to confirm your Newly Built Home PTT Exemption eligibliity.