First Time Home Buyers

Do you qualify for a First-Time Homebuyer’s Exemption?

First time home buyers can put down as little as 5% on the purchase of their first home.  The first-time home buyers' program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.

For newly built homes, first time home buyers are able to apply for a GST credit from the government and/or the developer. The GST in BC is equal to 5%, and as a home buyer you may be eligible for a rebate of 36% of the 5% GST.
To find out more visit the British Columbia Government website here or consult with your tax professional

I am not a tax professional – this is general information only.  Please consult a tax professional for advice!

Get In Touch

Lillian Grant

Mobile: (778) 834-5752

Office Info

Royal LePage Rockies West Realty

492 BC-93 #95  Invermere,  BC  V0A 1K2 

Stay Connected