PTT (sometimes called PPT) is a sales tax charged by the BC Government on all transfers of Real Estate in BC.
The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.
The partial exemption continues and will apply to homes valued between $475,000 and $500,000.
With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.
Looking to Calculate a PTT Exemption?
Check out this great BC... Property Transfer Tax Exemption Calculator!
Feeling like Listing your home??? Not quite ready yet???
Thinking about buying a NEW place? Need to move a few things???
My clients get a FREE hour of handyman services!!!
Call me to help you BUY or SELL your home! 778-241-8946
Real Estate Market Updates
Ask me…your local Greater Vancouver Real Estate Agent about all your Home questions… “what’s my house worth?”, ”What's the marsket like in Coquitlam?”, “How fast are homes selling”, “Is this a “buyers” or “sellers” market?”, "What's the difference between Market Price and Property Assessed Value?"
I have Month to Month stats on what the Market changes are.
News + Statistics use this link www.rebgv.org/news
Monthly Statistical Reports use this link www.rebgv.org/monthly-reports
MLS® Home Price Index use this link www.rebgv.org/home-price-index
Listed vs Sold use this link www.rebgv.org/listed-vs-sold
I can provide you with easy graphs on specific areas that you are looking in!
Call me 778-241-8946 for more information and to check out what’s on the market now!