Thursday
February 23, 2012
1 Year Closed : 2.75 %
3 Year Closed : 2.79 %
5 Year Closed : 3.19 %
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The BC Government has amended the First Time Home Buyers requirements. The qualifications for the exemption have changed. A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 (previously $375,000.00).
A partial exemption is available if the purchase price is more than $425,000.00 but less than $450,000.00.
Also, there is no longer a requirement to finance at least 70% of the purchase price or a restriction on making lump sum payments during the first year.
For more information, go directly to the BC Government Web Page
http://www.sbr.gov.bc.ca/documents_library/bulletins/PTT_004.pdf
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