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Mortgage Broker News | 23 Feb 2017, 08:15 AM Agree 0
One market has reduced land transfer taxes for first-time homebuyers
  • Patty | 24 Feb 2017, 03:37 PM Agree 0
    I agree with annual review of our Property transfer tax benefitting FTHB. In today's market, the average home in the lower mainland is way higher than $500K therefore you are really putting a strain on FTHB most especially people who are putting less than 20% down. FTHB putting less than 20% qualifies for lesser mortgage now with the new 'stress test' guidelines, paying higher premiums and still have to pay property transfer tax!
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