The Newly Built Home Exemption reduces or eliminates the amount of BC property transfer tax you'd pay on a newly built home valued under $800,000. Of course, there are a lot of exceptions and regulations concerning this plan that will stimulate the real estate new construction industry but it can be a sizeable saving for Canadians or permanent residents of such dwellings.
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And there will be windows too! |
A link to the British Columbia Newly Built Home Exemption can be found by clicking on this sentence.
I like this plan, it stimulates local economies as a throng of trades people are needed, materials purchased and hopefully somewhere along the line a real estate agent.
Imagine living here....and keep an eye on tax savings!
Imagine living here....and keep an eye on tax savings!