Newly Built Home Exemption

The B.C. Newly Built Home Exemption reduces or eliminates the amount of property transfer tax you pay when you purchase a newly built home. This exemption can save buyers up to $13,000 in property transfer tax when purchasing a newly constructed or subdivided home worth up to $750,000. It can also be used by first-time home buyers in conjunction with the B.C. Home Owner Mortgage and Equity Partnership to help their dream of home ownership come true.

A newly built home includes:

A house constructed and affixed on a parcel of vacant land. An apartment in a newly built condominium building. A manufactured home that is placed and affixed on a parcel of vacant land.

For more information, please give me a call to discuss how this program may be a fit for you or someone you know who is looking at buying their first home. Please Click Here for More Details or, reach me directly at (250) 565-4969