Good news regarding the dreaded PTT!

PTT = Property Transfer Tax!  Most here in BC know about this tax when they purchase a home (1% on the first $200,000 + 2% on the balance of sale price) but those coming from AB are horrifically shocked to hear of it.  As an industry, Realtors have lobbied the government for decades to eliminate or reduce the tax, with no success.  It looks like we might  be making a little headway.  Check out the relief for new home buyers HERE - hopefully this relief will trickle down into resale homes as well.  

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