First Time Home Buyers' Program
Introduced in 1994, the First Time Home Buyers' Program is designed to help British Columbians purchase their first home. Under the program, eligible purchasers can claim an exemption from Property Transfer Tax if the fair market value of the home is less than the threshold amount.
Please Note that the Property Transfer Tax First Time Home Buyers' Program is not the same as the B.C. First-Time New Home Buyers' Bonus which was announced February 21st in the 2012 Budget.