BC First Time Home Buyers’ Program & Assistance Program

The BC provincial government offers a series of incentives designed to support home purchases by first-time home buyers. Here’s a few to get you started:

The First Time Home Buyers’ Program was introduced as a measure to reduce or eliminate the amount of property transfer tax paid by first-time homeowners. For more information, or to find out if you qualify, please visit the link below.

http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/first-time-home-buyers

BC’s Home Owner Grant was introduced as a measure to reduce the amount of property tax paid on a principle residence to the municipality or to the province. For more information, or to find out if you qualify, please visit the link below.

http://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/reduce/home-owner-grant

The BC HOME Partnership Program was introduced to help assist first-time homebuyers with a down payment by providing a repayable assistance loan. For more information, or to find out if you qualify, please visit the link below.

https://www.bchousing.org/housing-assistance/bc-home-partnership