Threshold Raised on Property Transfer Tax for First-Time Buyers

The threshold for first-time buyers to pay property transfer tax has been raised, allowing you to buy more home without paying PTT. The post Threshold Raised on Property Transfer Tax for First-Time Buyers appeared first on Andy Schildhorn, PREC.

One of the biggest pieces of news from the recent provincial budget was that the threshold for first-time buyers to pay property transfer tax has been raised from $475,000 to $500,000. That’s an extra $25,000 of house that budding homeowners can buy without having to pay PTT. If you are planning to buy your first home and would like some advice, please give me a call!

The post Threshold Raised on Property Transfer Tax for First-Time Buyers appeared first on Andy Schildhorn, PREC.