BC's first-time home buyer programs have never been more comprehensive. Between the FHSA, RRSP Home Buyers' Plan, and PTT exemption — a couple can access over $150,000 in tax-advantaged support for their first purchase.
First Home Savings Account (FHSA) — 2026
$8,000 annual contribution limit, $40,000 lifetime maximum. Tax-deductible contributions, tax-free withdrawals for first home. If you haven't opened yours, do it today — every year costs you $8,000 in contribution room.
RRSP Home Buyers' Plan Update
Up to $35,000 per person ($70,000 per couple) withdrawn tax-free. Repay over 15 years. Combined with FHSA, couples access up to $150,000 in registered savings for down payment.
BC Property Transfer Tax Exemption 2026
Full exemption on homes at or below $500,000. Partial exemption to $525,000. On a $490,000 Langley condo, this saves $7,700. Must be Canadian citizen/PR, first-time buyer globally, principal residence within 92 days.
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Metro Vancouver & Fraser Valley · 200+ clients · 10+ years
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