March 19th, 2016, Bonny Klassen
The BC government introduced its 2016 budget. The budget included a number of items intended to affect the Lower Mainland housing market with respect to affordability and availability.
Here’s a summary:
Property Transfer Tax (PTT)
• a New Housing exemption will apply to newly built homes or newly subdivided units priced up to $750,000, saving buyers up to $13,000; and
• a partial ...