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The First Time Home Buyers' Program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. To qualify for a full exemption, at the time the property is registered you must:


  • be a Canadian citizen or permanent resident
  • have lived in B.C. for 12 consecutive months immediately before the date you register the property or filed at least 2 income tax returns as a B.C. resident in the last 6 years
  • have never owned an interest in a principal residence anywhere in the world at any time 
  • have never received a first time home buyers' exemption or refund

and the property must:

  • be located in B.C.
  • only be used as your principal residence
  • have a fair market value of:
    • $425,000 or less if registered on or before February 18, 2014, or
    • $475,000 or less if registered on or after February 19, 2014
  • be 0.5 hectares (1.24 acres) or smaller
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Vancouver West Report December 2016 by Ivy on Scribd

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Vancouver East Report December 2016 by Ivy on Scribd

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Burnaby South Report December 2016 by Ivy on Scribd

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Burnaby North December Report 2016 by Ivy on Scribd

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Burnaby East Report December 2016 by Ivy on Scribd

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Richmond Townhouse has out performed detached house in December 2016. It might be a good time to invest in Condos and Townhouses in Richmond now. 

 

 Check out the stats here: https://drive.google.com/file/d/0B7YP8yHWKHpod2tJNG0yTkhQelE/view

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