There has been some confusion the last few months about how the new "First Time Buyer $10,000 (1 time) Grant" will work. But to simplify it for you, I have attached a link to the BC Government website which gives you a ton of information. If you are lucky enough to qualify for this grant, certainly try to take advantage of it.
One of the major factors is that the home has be "New Construction" meaning brand new. But also needs to be finished before April 1,2013. There are some great developments out there that would qualify for this grant. You also MUST be a first time Buyer, hence the name! If you want additional information, please do not hesitate to call me.
http://www.sbr.gov.bc.ca/individuals/Income_Taxes/Personal_Income_Tax/tax_credits/fthb_bonus.htm
Cheers,
Brittany Reimer
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