How to Save Thousands of Dollars on your New Home Purchase

Buyers Don’t Pay Property Purchase Tax on New Homes at Woodland Creek
On February 16th, the BC Government gave buyers of new homes in British Columbia an advantage by exempting them from the Property Purchase Tax on new home purchases. This regulatory change eliminates the provincial tax payable on real estate transactions in the amount of 1% on the first $200,000 and 2% on the balance, a savings of $13,000 on a new home purchase of $750,000.
All new homes at Woodland Creek in Sooke qualify for the new tax exemption. With new home prices starting at $389,900, this saves … read more