BC First Time New Home Buyers’ Bonus is slated to end. Help extend it!
On March 31, 2013, the BC First-Time New Home Buyers’ Bonus is scheduled to end.
This program provides a one-time grant of up to $10,000 to first-time home buyers equal to 5% of the purchase price of the home, or if the home buyer is building a home, 5% of the land and construction costs. The bonus is based on the net income of the home buyer.
This important program helps first-time buyers get into the market.
Please let BC’s Finance Minister know how important this program is.
Each residential sale in BC generates $42,000 in economic activity and for every 100 residential properties that sell 28 much-needed jobs are created – generating important economic activity in our neighbourhoods.
How can you help?
Please send an email to BC Finance Minister, the Hon. Michael de Jong. requesting an extension to the program. Here is a sample email:
Subject: Re: The BC First-time New Home Buyers’ Bonus
Please extend the BC First-Time New Home Buyers’ Bonus slated to end on March 31, 2013. This program helps first-time buyers buy their first home and leads to much needed economic spin-offs and jobs in our neighbourhoods.
If you have any real estate questions or if you are thinking of buying or selling your home, please contact James Louie Chung, Greater Vancouver REALTOR® – Real Estate Agent at [email protected] or call / text ( 6 0 4 ) 7 1 9 – 6 3 2 8 today!