Exemption Limit Increased on Property Transfer Tax for first time home buyers!!

First time buyers have a reason to rejoice as the exemption limit for property transfer tax is increased to 475K. 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.

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Dinesh Kapoor

Dinesh Kapoor

REALTORĀ®
CENTURY 21 Coastal Realty Ltd.
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