First Time Home Buyers’ Program

First Time Home Buyers’ Program

Introduced in 1994, the First Time Home Buyers’ Program is designed to help British Columbians purchase their first home. Under the program, eligible purchasers can claim an exemption from Property Transfer Tax if the fair market value of the home is less than the threshold amount.


For registrations on, or after, February 20 2008, the fair market value threshold for eligible residential property is $425,000. A proportional exemption is provided for eligible residences with a fair market value of up to $25,000 above the threshold (i.e. up to $450,000).

To qualify for the First Time Home Buyers’ exemption you must meet all of the initial eligibility criteria. For information on qualifications and how to apply for a refund, visit

First Time Home Buyer’s Program.

Top 28 Grants and Rebates for Property Buyers and Owners

Guide To The First Time Home Buyers Program

RE/MAX Region Update Market Report