Good Morning,
The Government has issued amended First Time Home Buyers requirements.
The qualifications for the exemption have changed. A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 (previously $375,000.00).
A partial exemption is available if the purchase price is more than $425,000.00 but less than $450,000.00.
Also, there is no longer a requirement for any financing.
For more information, please see:
http://www.sbr.gov.bc.ca/documents_library/bulletins/PTT_004.pdf
THANK YOU.
JASON.WANG@RBC.COM
