Dreyer Group Mortgage Brokers


The BC Minister of Finance has announced several changes to the Property Transfer Tax program, effective Wednesday, which include:

Canadian Mortgage News

CMI 101 Series

Dreyer Group 101 Series

Financial FYI Series

First Time Buyers

Home Buying 101

Home Insurance

Latest News

Mortgage Rates


Retirement Planning

Self Employed

Breaking News:

  • a property transfer tax exemption for Canadian citizens and permanent residents who purchase newly-built homes, condos and townhouses under $750,000.  Purchasers must live in the property for at least one year. This is a potential savings in closing costs of up to $13,000;
  • a one percent increase in property transfer tax to three percent for homes which are sold over the $2 million mark;
  • the first time home buyers exemption will remain in place for homes under $475,000;
  • buyers will need to start disclosing their country of residence in all property transactions;
  • the beneficial ownership of properties held by corporations will also be tracked.

More details to come.unnamed

SEO Powered By SEOPressor