News > The 2016-2017 Budget is Released

The 2016-2017 Budget is Released

posted on 5:53 PM, February 16, 2016

1) Property Transfer Tax changes: 

The purchase of a newly built home valued at up to $750,000 will now be exempt from the property transfer tax, saving the buyer up to $13,000.

2) Brought back: Tracking of home ownership

This data, which has not been collected since 1998, will be used to measure the impact of foreign investment on home prices.

Read full story at CBC