first time home buyer's program

The First Time Home Buyers’ Program is intended to exempt first-time buyers from one of the major costs associated with the purchase of your first home: the property transfer tax. 

If you qualify as a First Time Home Buyer, then any Resale property you purchase under $500,000 would be exempt from Property Transfer Tax. In September 2019, the government announced that this number will be increasing to $722,000 as of Spring 2021.

I'll have more information on this when it is officially announced by the Government. Until then, take a look at these websites for additional information on qualifications and more: 

For Information on Taxes, visit the Costs of Buying Real Estate page.

* The content on this web site is provided for general information purposes only and does not constitute legal or other professional advice