The Home Buyer Tax Credit is a Financial Incentive for First Time Home Buyers that Shouldn’t be Ignored

Buying a new home for the first time can be a daunting process due to all the complexities and associated costs involved.  Fortunately, there are a number of financial incentives available to first time home buyers, such as the Home Buyer’s Tax Credit.  This article provides a short description of the Home Buyer’s Tax Credit as it may apply to your home purchase.  [Read more...]

Property Transfer Tax Bulletins

These bulletins have been provided by the Province of British Columbia to assist in the interpretation of the relevant legislation in relation to the basics of the Property Transfer Tax.

Property Transfer Tax

Property Transfer Tax Exemptions

First Time Home Buyers’ Program

Exemptions for the Transfer of a Principal Residence

Exemptions for the Transfer of a Recreational Residence

Tips to Buying a New Home

Buying real estate in Kelowna is a complex and uncertain process for most people. Making sense of the industry jargon, myriad of financing options, and legal technicalities can be a daunting process. The following article provides some simple tips to navigating through some of the most common issues faced by Okanagan home buyers. [Read more...]

5 Steps To Buying A New Home

The following is a step-by-step guide to the OKHB Home Buying Process and the benefits of getting all of your home-buyer services under one roof. Click here to view a detailed description of the OKHB Home-Buying Process. [Read more...]

Property Transfer Tax Basics for Residential Real Estate Transactions

The following describes some of the basics regarding Property Transfer Tax on residential real estate transactions. [Read more...]

Joint Tenants Vs. Tenants in Common

The following describes the difference between Joint Tenants and Tenants in Common. [Read more...]

HST Basics for Purchasers of New Residential Property

On July 1, 2010 the Harmonized Sales Tax (HST) came into effect with significant implications to purchasers of new residential property. The HST will have a combined rate of 12%, which is comprised of a federal component of 5% and a provincial component of 7%. [Read more...]

GST/HST Rebates for Purchasers of New Residential Property

As a purchaser of new residential property you may be eligible for a rebate for a portion of the GST/HST payable on the transaction. The following represents a summary of the common rebates that you may be entitled to receive. [Read more...]