“Young families and new homeowners were the main beneficiaries of the tightly confined wiggle room in B.C.’s latest budget, one touted by Finance Minister Mike de Jong as boring but balanced.”
“For first-time home buyers, the threshold for the provincial transfer tax will be increased from $425,000 to $475,000. “The tax and thresholds were set when property values were very different. No one can argue with that,” Mr. de Jong said. Effective Wednesday, the measure could save home buyers up to $7,500, according to budget documents.”
Reports Justin Giovannetti of the Globe and Mail
