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What you need to know:

If you are purchasing a home in BC it is important to understand property transfer tax, and more specifically if you qualify for an exemption.  Here is a breakdown of the qualifications:

First-time home buyer qualifications:

Please note: You cannot re-qualify as a first-time home buyer. This rule is different for other federal programs for first-time home buyers (e.g. Home Buyers’ Plan).

Property Requirements:

As always, ask questions and work with someone you trust!