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: Property Transfer Tax
First Time Buyer Friday #4 – Closing Costs
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 additional closing costs are associated with buying property in Victoria, Sooke, or anywhere elseContinue reading “First Time Buyer Friday #4 – Closing Costs”
Election Promises – Harper’s First Time Home Buyer Plan Is Garbage! [Video]
http://www.viddler.com/player/6afb61fe/ Prime Minister Stephen Harper announced this week that his government if elected, would help out first time home buyers by introducing a $5000 tax credit, to be rolled out over four years (whatever that means). While on the surface the “simple, modest and practical” plan sounds good (woot, $5000 from the gov’ment!) when youContinue reading “Election Promises – Harper’s First Time Home Buyer Plan Is Garbage! [Video]”
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”