The British Columbia government plans to implement a short-term BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000. Click here to view document
Soon after this announcement the Royal Bank of Canada (RBC) stated that it was presenting some incentives for First time home buyers (March 1, 2012 – May 31, 2012)..
- RBC will pay your first month’s mortgage payment (principal and interest) when you finance your mortgage with RBC.
- Enjoy an all-inclusive banking package for up to six months. Choose between RBC VIP Banking® or RBC Signature No limit Banking® and start saving today.
- Plus, enter for a chance to win $25,000.
This all great news – to get first time home owners into the BC real estate market.
Time will tell if this helps communities such as Invermere BC.