The Government is eliminating the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million.
The First-Time Home Buyers’ GST Rebate enables eligible individuals to reclaim up to $50,000 of GST when purchasing new homes from builders. To qualify, buyers must be first-time homeowners, at least 18 years old, and either Canadian citizens or permanent residents.
Get full details from the Government of Canada here.
For First Time Home Buyers:
Let’s see what the numbers show in the example below:
✅ $609,000 purchase price
✅ No GST (savings of $30,450)
✅ $10,000 purchase incentive (our current Exclusive Offer)
✅ No property transfer tax
✅ 5% down payment
✅ $570,000 mortgage
✅ 4.29% interest rate
✅ $2817 monthly payment (+ applicable strata fee and taxes)
Contact our sales team today to discuss your preferred unit.
Mark Rice (PREC) P: (250) 588-2339
E: mark@markricerealestate.com
Hi How much is the 2b2bath and 2b2bath + den?
How much is the 1-bedroom or studio. I can afford $1500 aonth.
A standard 2-bedroom unit starts at $599,900, with the largest premium floor plan (the B6 Plan, featuring 2 bedrooms, 2 bathrooms + den) ranging from $659,900 to $689,900. Contact Mark for more details.