There have been some changes to the benefits First Time Home buyers receive in British Columbia.
For registrations on, or after, February 20 2008, the fair market value threshold for eligible residential property is $425,000.
A proportional exemption is provided for eligible residences with a fair market value of up to $25,000 above the threshold (i.e. up to $450,000).
For more details please check out the link below or call me directly.