First Time Buyer’s Benefit from BC’s 2014/15 Budget Announcement!
The threshold for exemption for Property Transfer tax (PTT) has been increased to $475,000 (from the prior threshold, $425,000). Between $475,000 and $500,000 there will be a partial exemption. This is a tax that is charged on all real estate purchases in BC. Typically, a first time home buyer is exempt from this … Read more