PEI Real Property Transfer Tax Calculator 2026
The real property transfer tax a buyer pays in Prince Edward Island, at the 2026 rates, with the first-time buyer rebate.
In Prince Edward Island, the real property transfer tax on a $750,000 home is $7,500 in 2026, 1.00% of the price. A first-time buyer pays nothing: they are exempt.
Work out yours
Land transfer tax
$7,500.00
Effective rate: 1.00% of purchase price
Provincial
$7,500
Estimates only. Rates and thresholds change; always confirm with your lawyer at closing. Non-resident buyer taxes (NRST, FBT) are not included.
Prince Edward Island real property transfer tax rates, 2026
Prince Edward Island charges a flat 1% of the greater of the price and the assessed value. A property worth $30,000 or less pays nothing.
The real property transfer tax at common prices
| Home price | Tax | Share of price | First-time buyer |
|---|---|---|---|
| $300,000 | $3,000 | 1.00% | Exempt |
| $500,000 | $5,000 | 1.00% | Exempt |
| $750,000 | $7,500 | 1.00% | Exempt |
| $1,000,000 | $10,000 | 1.00% | Exempt |
| $1,500,000 | $15,000 | 1.00% | Exempt |
| $2,000,000 | $20,000 | 1.00% | Exempt |
| $3,000,000 | $30,000 | 1.00% | Exempt |
First-time buyers
First-time buyers are fully exempt, whatever the price, if every buyer on the deed is a first-time buyer who will live in the home: you must have lived in PEI for six months before the transfer (or filed two of the last six PEI tax returns) and never have owned a home anywhere.
The other help for first-time buyers in Prince Edward Island, from the federal savings accounts to provincial loans and rebates, is in our guide to first-time home buyer programs by province.
About the real property transfer tax in Prince Edward Island
Prince Edward Island's real property transfer tax is 1% of the price or the assessed value, whichever is higher, paid by the buyer when the deed is registered. Transfers of property worth $30,000 or less, and transfers between family members, are exempt.
The first-time buyer exemption is the most generous in Canada: there is no price cap, so a qualifying buyer pays nothing at all.
Real Property Transfer Tax in Prince Edward Island: Quick Answers
How much is the real property transfer tax in Prince Edward Island?
Prince Edward Island charges a flat 1% of the greater of the price and the assessed value. A property worth $30,000 or less pays nothing. That is $5,000 on a $500,000 home, $7,500 on $750,000 and $10,000 on $1,000,000.
Do first-time buyers pay real property transfer tax in Prince Edward Island?
First-time buyers are fully exempt, whatever the price, if every buyer on the deed is a first-time buyer who will live in the home: you must have lived in PEI for six months before the transfer (or filed two of the last six PEI tax returns) and never have owned a home anywhere. On a $500,000 home, that means nothing to pay.
Who pays the real property transfer tax, and when?
The buyer, on closing day: your lawyer collects it with the other closing costs and pays it when the transfer is registered. It cannot be negotiated, deferred or added to the mortgage, so it must be in cash on top of the down payment.
Other provinces and cities
Sources
Rates checked October 2026. They change with budgets and by-laws, and your lawyer confirms the amount at closing. Taxes on non-resident buyers are left out.
Related guides & tools
Once you own the home, the yearly tax is on our Prince Edward Island property tax rates page.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.