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Transition measure help new-home buyers, builders

New housing transition measures give certainty to an important economic sector and help to keep taxes equitable throughout the transition as the province returns to the PST, Finance Minister Kevin Falcon announced.

B.C. will return to the PST on April 1, 2013, meeting the Province's commitment to return to the PST as quickly and responsibly as possible, while ensuring businesses can plan their training and systems switch-over effectively to apply the sales tax correctly.

Government is...

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Related topics : new homes buyers

New program partners with first-time homebuyers as they enter the housing market

Saving for a mortgage down payment can be hard for first-time homebuyers. The BC Home Owner Mortgage and Equity Partnership program contributes to the amount first-time homebuyers have already saved for their down payment, providing up to $37,500, or up to 5% of the purchase price, with a 25-year loan that is interest-free and payment-free for the first five years. Through the BC HOME Partnership program, the Province is investing about $703 million over the next three years to help an...

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Related topics : home owner loan bc