Great News for First Time Home Buyers
The Government has changed the qualification for exemption on the Property Transfer Tax for First-time buyers.
Previously, a first-time buyer could qualify for an exemption with a purchase price of $375,000 or less. This limit has been increased to $425,000!
A partial exemption is available for purchases between $425,000 but less than $450,000.
For more information, please click here:
www.sbr.gov.bc.ca/documents_library/bulletins/PTT_004.pdf
compliments of Karen Gibbard, the Gibbard Group