There are some big changes happening this year regarding government tax and grants for home-buyers.
HST is finished April 1, 2013. What does this mean for buying a home? After HST has gone there will be the regular GST (5%) and a NEW Transitional Tax (2%) from April 1, 2013 to March 31, 2015.
Click Here for the Full Ministry of Finance Tax Package
Click Here for info from The B.C Real Estate Association.
The $10,000 New Home-buyers Grant also ceases April 1, 2013. Those of you who were hoping to apply for this grant must step up the search for your perfect home and apply as early as possible.
Click Here for Eligibility and more info on the $10,000 New Homebuyers Grant