New First-Time Buyer Property Tax Coming Soon?

In this video Greg discusses the latest recommendations by the real estate board of Greater Vancouver to increase the property transfer tax exemption for first-time home buyers! Currently, if you're a first-time buyer purchasing under $500,000, you're exempt from the tax. However, rising home prices have made finding affordable options challenging. To address this, the board suggests raising the exemption to $750,000, making housing more accessible.