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  • - courtesy of BCREA

Property Tax Exemption Threshold Raised for First-Time Home Buyers


On the heels of multiple government announcements in 2016 and early 2017, the British Columbia Real Estate Association (BCREA) welcomes the latest: an increase in the Property Transfer Tax exemption threshold for first-time buyers, announced in Budget 2017. The increase, to $500,000 from $475,000, takes effect today.

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​JOHN KNOX - REALTOR®/OWNER, President  | Fair Realty | Nelson, BC | (p) 250.777.2500 | (e) john@johnknox.ca

© 2010 - 2018 by John Knox Personal Real Estate Corporation  | Photo of Nelson courtesy of Dave Loewen