Information About the FTHB
Qualifying first-time buyers may be exempt from paying the B.C. Property Transfer Tax (PTT) of one percent on the first $200,000 and two percent on the remainder of the purchase price of a resale home priced up to $500,000. There is a proportional exemption for homes priced between $500,000 and $525,000. At $525,000 and above exemption is nil.