Increase in the threshold for First Time Home Buyers on the PTT.

Posted by on Feb 22, 2017 in Blog | 0 comments

Increase in the threshold for First Time Home Buyers on the PTT.

The threshold for the First Time Home Buyers on the PTT was increased to $525,000.00 ( it is pro-rated between $500,000.00 and 525,000.00) as of yesterday ( see link below) .  No news so far about changes to the PTT tax for the foreigners.

http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/first-time-home-buyers