The government of British Columbia has introduced changes to the Property Transfer Tax in today’s Budget.
From the 2014 Budget press release:
Many British Columbians buying their first home will pay less Property Transfer Tax, as the Province is increasing the threshold for the first time homebuyers program to $475,000 from $425,000, an exemption that can save the purchaser up to $7,500 when buying their first home.
Read the full budget press release here.
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