How Will the New Property Transfer Tax Exemptions Starting April 1, 2024, Affect Homebuyers?
Introduction The BC Government has announced amendments in the budget to provide for Property Transfer Tax (“PTT”) Exemptions, particularly for first-time buyers and those looking at newly built homes. Starting April 1, 2024, more people will be able to take advantage of the Property Transfer Tax Exemptions as outlined below. First Time Home Buyers’ Exemption…