First Time Home Buyers
The BC Gov't has amended the First Time Home Buyers requirements. 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.
Also there is no longer a requirement to finance at least 70% of the purchase price or restriction on making lump sum payments during the first year.
Call for further info:
Ken W Hunter
Royal Lepage Wolstencroft
604-530-0231 office
1-877-611-5241
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.
Also there is no longer a requirement to finance at least 70% of the purchase price or restriction on making lump sum payments during the first year.
Call for further info:
Ken W Hunter
Royal Lepage Wolstencroft
604-530-0231 office
1-877-611-5241
Comments