BC Budget 2017 Includes Property Tax Relief for First-Time Homebuyers & 5,000+ Units of Affordable Housing
First-time home-buyers will get up to $8,000 in property purchase transfer tax relief from today’s Provincial Government’s Budget announcement. UDI President & CEO Anne McMullin said “Increasing the property purchase transfer tax exemption threshold to $500,000 from $475,000 for first-time homebuyers’ will enable more locals and families to get onto the first rung of the property ladder.”
This is good news for at least half of the new homes at Beachborough which are projected to be under $499,000. The savings for FIRST TIME buyers on many homes in this ultra unique White Rock development will surely attract new home shoppers looking for a great selection of available qualifying new condominiums in an environmentally friendly “Built Green” development. Sales start mid-April. Go to beachborough.ca to register for priority sales info.