On December 15, 2016, the BC Government introduced the Home Owner Mortgage and Equity (HOME) Partnership. This program is intended to provide qualified first-time home buyers with a loan up to a certain amount for purposes of a down payment towards the purchase of a principal residence that will be interest free for a period of 5 years with certain conditions.
Read MoreEffective August 2, 2016, an additional property transfer tax applies to residential property transfers to foreign entities in the Greater Vancouver Regional District.
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