Valour & First Time Buyers In BC
Helping You Make it Make Sense.
What You Need to Know
At Valour Real Estate Group, we understand that entering the market as a first-time home buyer can be overwhelming. That's why we're here to help you navigate the process and maximize your buying power for long-term financial growth.
The most meaningful incentives you should be familiar with include:
First Time Home Buyers Program
Reduces or eliminates the amount of Property Transfer Tax (commonly referred to as PTT) when you purchase your first home. Find out more and see if you qualify by clicking the learn more button below.
First Time Home Buyer’s Tax Credit (HBTC)
This tax credit offers a $5,000 non-refundable amount when you file your tax return the following year. The credit offers you up to $750. To find out if you are eligible, speak to your accountant and see additional information by clicking the learn more button below.
RRSP Home Buyers Plan (HBP)
HBP is a program designed to assist first-time buyers in purchasing their first property by giving you the ability withdraw up to $25,000 (or $50,000 combined with your partner) in a single year from your RRSP to be used towards the purchase of a qualifying property. Find more information and see if you can qualify by clicking the button below.
What to do with this info?
We understand that navigating the world of first-time home buying can be daunting, and that's why we strongly encourage you to schedule a one-on-one consultation with Valour Real Estate Group. As experienced industry professionals, Valour can help you make sense of all the information and plan for success in the real estate market.
By contacting Valour through our website, you can also request a full first-time buyers kit that includes more detailed information on the incentives and programs discussed on this page. Click the link below to get in touch with Valour and take the first step towards becoming a confident and informed first-time home buyer.
Why Go With Valour?
Valour Real Estate Group specializes in working with both first time buyers and investors. Much of our realty work falls in two categories: helping our first time buyers maximize their opportunities and helping our investors maximize their return on their capital.
This combination has allowed Valour to develop a skillset to assist first time buyers in navigating and exploring the market together, while setting them up with a plan for long term financial success. As experienced professionals in the industry, we understand how challenging the real estate market can be, especially for first time buyers. We are committed to providing personalized support and guidance to ensure that our clients make informed decisions and achieve their goals.
“Valour showed much dedication in helping me find my first time home. They went above and beyond and guided me with the search and purchasing process. Valour took the time to explain everything in great detail and was patient. They worked long hours to make sure everything was completed and was very reliable. Valour kept me up to date with the market and always gave me sound advice. They are very knowledgeable in the field and is always staying up to knowledge with the market trends and big projects currently happening. Thank you for helping me make my first home purchase, I appreciate all the endless help you provided me with! I highly recommend Valour if you are buying or selling property!”
Next Steps for First Time Buyers
At Valour, we understand that taking the first steps towards buying your first home can be daunting. That's why we encourage you to reach out to us to start planning for your success. Our team of experienced real estate professionals will guide you through the entire process, from exploring your options to finding the perfect property and negotiating the best deal.
To book your first meeting with Valour and discuss all the relevant information applicable to you, simply fill in your details below and we'll be in touch soon. We look forward to helping you make your dream of homeownership a reality.
As a first-time home buyer, there are many other benefits and information that you can take advantage of. Valour Real Estate Group is here to help you explore and understand those options. Please see below for more information.
Book A Sit down meeting with Valour
Enter your details and a team member will get in touch with you as soon as possible.
Additional Benefits and Information
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You may be eligible for a tax rebate on a portion of the GST paid as part of the purchase or construction of a new home. You make also be legible for a rebate of the cost of substantially renovating your property, building an add-on to your existing home or converting a commercial property to residential only if the fair market of the is under $450,000.
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Under the B.C Home Owner Grant, you may be eligible to lower the amount of property taxes you pay on an annual basis on your principal residence. View more information here
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Buying a newly built home in B.C? You may be eligible for this exemption which helps lower or eliminate the amount of property transfer tax you’re required to pay when you’re buying a newly build home $750,000 or less. Find out more here
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PTT is a tax payable to the provincial government by the purchasers of all types of real estate (commercial, residential, industrial). To find out how PTT is calculated, please see here.