Good News! The BC Government has just issued an amendment to the Property Transfer Tax...First Time Buyers Program.

The qualifications for the exemption have changed.  A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 (previously $375,000.00).

A partial exemption is available if the purchase price is more than $425,000.00 but less than $450,000.00. The minimum financing rule has also been removed.  

Click on the link for all the details.