How Much Home Can You Afford in Vancouver?

Vancouver is Canada's priciest housing market, but it pairs high prices with low property tax rates and a generous first-time buyer PTT exemption.

Average price is a 2026 estimate for illustration · Last updated: May 2026

Your Finances
Enter your household income and down payment

Estimated Vancouver property tax: $292/mo on the average home. Stress-tested at 6.49%.

What You Can Afford
In Vancouver, BC

Maximum purchase price

$757,197
Maximum mortgage$657,197
Vancouver average home$1,250,000
Payment on average home$6,386/mo
Land transfer tax (avg home)$23,000

Buying in Vancouver: What to Know

1

Highest benchmark prices in the country.

2

Low property tax rate relative to home values.

3

First-time buyer PTT exemption up to $835,000.

Average Home Price
$1,250,000

2026 estimate

Property Tax Rate
0.28%

≈ $3,500/yr

Land Transfer Tax
$23,000

On the average home

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