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Maybe you're eyeing up a overnice holiday home on the coast, or an investment property to rent out. Second, you need to have an excellent credit score. Buying a second home and renting the first requires extensive research and planning.
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Property transfer tax rebates(ptt) in bc buyers can receive $8,000 in rebates, earning the full amount up to a $500,000 maximum purchase price. The amount of the first time home buyer incentive is as follows: If you have any questions, contact our team.
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Beginning january 1, 2017, no land transfer tax would be payable by qualifying first‑time purchasers on the first $368,000 of the value of the consideration for eligible homes. The first time home buyers' program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible.
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