BC First-Time Home Buyers
BC First Time Home Buyer Freebies
-
First time home buyer Tax Credit Get $750 dollars back on your personal tax return.
Learn more -
Land transfer tax rebates Save up to $6,800 at
Learn more
time of closing. -
RRSP Home buyers Plan Access up to $35,000 from
Learn more
your RRSP tax-free.
BC Mortgage Calculators
We shop the most competitive brokers, lenders and banks in Canada to bring you today's lowest interest rates, free of charge! Our Canadian comparison charts list current rates, and are updated on a daily basis. Land transfer tax is charged on the purchase price of a home in British Columbia at the rates listed below. First-time homebuyers purchasing a home under $425,000 will receive a full refund of their tax. For homes between $426,000 to $450,000, a partial refund will apply. Mortgage default insurance or CMHC insurance is required in Canada for down payments of less than 20%. Additional criteria as of July 9th, 2012: BC Rates
Learn more
Term
Lowest Fixed Rate
Lowest Variable Rate
1-Year
1.74%
3-Year
1.69%
2.20%
5-Year
1.39%
0.99%
10-Year
2.14%
Purchase Price of Home
Marginal Tax Rate
First $200,000
1.0%
Over $200,000
2.0%
Down payment (% of home)
5%-9.99%
10%-14.99%
15-19.99%
20% or higher
CMHC insurance premium
2.75%
2.00%
1.75%
0.00%
BC First-Time Home Buyer Education Centre