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Could buying a pre-sold strata unit impact whether I qualify for the First Time Home Buyers Program?

April 26, 2017buyer buying Home impact pre-sold program qualify Strata time

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Could buying a pre-sold strata unit impact whether I qualify for the First Time Home Buyers Program?

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The Property Transfer Tax Act sets out what property qualifies for this exemption and the value limits. The total consideration paid for the property will be used to determine if you qualify for the exemption. Please see our First Time Home Buyers’ Program page, Bulletin PTT 004, First Time Home Buyers’ Program for more information.