Did You Know Buyers of 'New' Homes Can Save the Property Purchase Tax
The new home market is on fire, especially for condos and townhouse sales. As prices in the condo and townhouse market continues to increase and the sales activity starts to soar, any pricing relief is very welcome.
If you are planning to buy a new home [condo, townhouse or house] under $800,000 you can be eligible to save part or all of the Property Transfer Tax.
To qualify, the property (land and improvement) transfer must be registered at the Land Title Office after February 16, 2016 and you must be:
- an individual [not a corporation or other entity]
- a Canadian citizen or permanent resident [be prepared to prove it, you will be asked]
and the property must:
- be located in B.C.
- only be used as your principal residence
- have a fair market value of $750,000 or less
If getting a great home and saving money are both important to you, make sure to connect with us BEFORE registering with any project. When you become one of our VIP Buyers, you gain the advantage of our huge buying power along with our established relationships in the industry.
You can save and make large sums of money and wealth when you have Priority Access and first selection. And sometimes we can even Pre-Negotiate discounts and incentives for you. But only with our VIP List.