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Changes to first-time home buyers’ program

The Provincial Government has just increased the tax exemption for first-time home buyers from $425,000 to $475,000 with a sliding scale to $500,000.

This new change was effective February 19, 2014, based on registration, and is not retroactive.

The First Time Home Buyers' Program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.


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I have listed a new property at 2854 Hagel RD in VICTORIA.
This 4 bed. 2 bath 2300 sq ft home & large fenced south facing rear lot is in 1 of Colwoods best locations. A short safe walk to the respected David Cameron Elementary School. A 1 min bike ride to the Galloping Goose trail for a family outings & a short drive to the Westshore Mall, Juan De Fuca Rec Center, Royal Colwood Golf Course, Royal Roads University, the new High School, walk in clinic & more. The lower level already has bedroom , bathroom, rec. room & good light . Best opportunity in this $ range for inlaw accommodation. All measurements approx. Please confirm if important. Size of home above includes unfinished area.
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I have listed a new property at Lot 2 Sarah DR in SOOKE.
One of the best lots in Demamiel Creek Estates and perfectly located to get a generous amount of sunlight. The views of the wooded hillsides are inspiring. The sunrises and sunsets are magnificent and the most likely house site will take full advantage. This subdivision of 2 acre lots is a mixture of approved designs and locations to afford a very special ambiance and lifestyle. A few hundred yards from a salmon stream but only a 5 minute drive from Sooke Village 10 minutes to some of the most beautiful beaches & views on the Island & approx. 1 hour to Victoria.
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