Hooman Bozorgnia - Integrity is my repuation. Phone Number: 604-880-6800

First Home Buyers

While the thought of making such a significant purchase as a new home is daunting for everyone it is particularly so for first time buyers coming from their parent's home or from a rental unit where they were free to pack up and go. At the same time, it can be one of the most exciting and financially beneficial experiences of a lifetime.

Everything we've said in our 'Buying Tips' applies to you, but as a first time buyer you are also fortunate in that there a certain financial concessions available under provincial government programs that can help make it easier to finance your home.

Here's how:

Everyone who registers a property at the Land Title Office must pay a Property Transfer Tax. However, as a First Time Home Buyers you may be eligible for an exemption if:

Eligible Properties

The property you purchase qualifies if:

Even if the property does not meet all of these requirements, you may still qualify for a partial redemption.

When do I apply?

You apply when you register the property with the Land Title Office - which is usually done through your lawyer or notary public.

For full information on this program, visit the Province of BC website at http://www.gov.bc.ca/sbr