In my continuing series, First-Time-Buyer Fridays, I answer a common question from a first-time buyer. If you have a question to submit, first-time-buyer or experienced investor, put one in the comments below, or fire me an e-mail at Tim@TimAyres.ca. Q. What’s this about Provincial tax when I buy a home? How much is the PropertyContinue reading “First Time Buyer Friday #7 – BC Property Transfer Tax (PTT) Exemptions”
Tag Archives: exemption
BC Budget Increases First-Time Buyer PPT Exemption Threshold
For the fourth time in as many years, the British Columbia Government announced in its yearly budget last week that it was increasing the threshold for the first-time buyer property purchase tax exemption. The exemption threshold will rise from $375,000 to $425,000, reflecting the increase in real estate prices throughout the province over the pastContinue reading “BC Budget Increases First-Time Buyer PPT Exemption Threshold”