For FIRST TIME HOME BUYERS:
Does the FIRST TIME HOME BUYER’S EXEMPTION apply to you?1. Are you Canadian Citizens or Permanent Residents?2. Purchase price below $475,000.00? (There is only a partial Exemption when Purchase price is between $475,000 - $500,000.00)3. Is this property is the first property that (will be) registered under your name in the world?4. Do you intend to live in the purchased property for 1 year immediately following registration of ownership?5. Are you a resident of B.C. for at least one year prior to registration of ownership?
If yes to all of the above: