What is the BC first-time home buyer PTT exemption?
BC first-time buyers may be fully or partially exempt from Property Transfer Tax on qualifying homes, with thresholds updated for 2026. Eligibility depends on price, residency, and prior ownership.
First-Time Home Buyer Incentives in BC
Every BC and federal first-time home buyer incentive that applies to presale condos and townhomes in 2026 — PTT exemptions, RRSP HBP, FHSA, and rebates.
Frequently asked questions
How much can I withdraw from my RRSP under the Home Buyers' Plan?
First-time buyers can withdraw up to $60,000 per individual ($120,000 per couple) from their RRSP under the federal Home Buyers' Plan, repayable over 15 years.
What is the FHSA?
The First Home Savings Account is a registered account that combines RRSP-style deductions with TFSA-style tax-free growth, with a $40,000 lifetime contribution limit.