A Smart Time to Buy
What does this mean for you?
With steady interest rates, potential GST rebate savings for eligible first-time buyers, possible Property Transfer Tax savings on qualifying newly built homes, and limited-time buyer incentives, this may be a smart time to make your move at The Trails.
1. The Trails Special: Limited-Time Buyer Incentive
What incentive is currently available?
For a limited time, select homes may include an upgrade package with an approximate retail value of up to $5,000.
Which homes qualify?
This incentive is available on select homes only. Availability, inclusions, specifications, retail value, and terms may vary by home.
Who should I contact for details?
Ask your sales representative for current details, eligible homes, and applicable terms.
2. What is the First-Time Home Buyers’ GST/HST Rebate?
The First-Time Home Buyers’ GST/HST Rebate may allow eligible first-time buyers to recover some or all of the GST paid on a newly built or substantially renovated home used as their primary residence.
How much could buyers receive?
- At or below $1 million: up to 100% of GST paid, to a maximum of $50,000
- Between $1 million and $1.5 million: rebate is gradually reduced
- At or above $1.5 million: no rebate applies
Eligibility requirements apply. Buyers should confirm details with their sales representative, legal advisor, or tax professional.
What is the first-time home buyers’ rebate - First-time home buyers’ (FTHB) GST/HST rebate - Canada.ca
3. Newly Built Home Property Transfer Tax Exemption
Is there a Property Transfer Tax exemption for newly built homes?
Yes. The Newly Built Home Exemption may reduce or eliminate the Property Transfer Tax on qualifying purchases of a principal residence.
Effective April 1, 2024:
- Full exemption may apply on qualifying newly built homes with a fair market value up to $1,100,000
- Partial exemption may apply for qualifying homes just above that amount
- The exemption phases out completely at $1,150,000
Eligibility requirements apply and should be confirmed with your legal advisor or sales representative.
First time home buyers' program - Province of British Columbia
Important Note
Available for a limited time on select homes only. Retail value is approximate and may vary by home. Incentives, inclusions, specifications, availability, eligibility, and terms are subject to change without notice.
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