The average home on the Sunshine Coast just became more affordable.
From the just-released B.C. Budget:
"Budget 2016 introduces a new full exemption from the property transfer tax on newly constructed homes (including condominiums) priced up to $750,000. This exemption will save purchasers up to $13,000 on a newly constructed home ... The cost of this measure will be offset by adding a third tier to the property transfer tax rate, increasing the rate to 3% from 2% on the fair market value of property above $2 million."
Read the full buget at www.bcbudget.ca