$43,000 IN GOVERNMENT SAVINGS + DEVELOPER DEALS
The government gives you $43K. Developers add $40K+ in credits. For the first time in years, owning is cheaper than renting.
Calculate My SavingsSee your real price after all savings are applied.
HOME PRICE
$650,000
YOUR SAVINGS BREAKDOWN
MONTHLY COMPARISON
Current Rent
$2,630/mo
Mortgage
$2,302/mo
You save $328/month by owning
Quick check — most first-time buyers in BC qualify.
Never owned a home anywhere in the world?
Canadian citizen or permanent resident?
Will live in the home as your primary residence?
Home price under $835,000?
New condos under $700K with full incentives. Tap for details.
FIRST-TIME BUYERMove-in ReadySurrey, City Centre · Studio · 485 SF
FIRST-TIME BUYERCompletion 2027Burquitlam · 1 Bed · 545 SF
BEST VALUECompletion 2027Willoughby · 1 Bed · 560 SF
Answer 4 quick questions. Most BC buyers qualify.
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The federal government eliminates GST (5%) for first-time buyers on new homes up to $1M. On a $700K new condo, that's approximately $35,000 in savings. You claim it through the CRA after purchase.
BC's Property Transfer Tax exemption for first-time buyers eliminates PTT on the first $500K of purchase price for homes up to $835K in fair market value. This saves approximately $8,000 on a $700K purchase.
Yes! The GST rebate, PTT exemption, and developer incentives all stack. On a $700K unit: $35K GST + $8K PTT + $40K developer credit + $50K parking = $133K+ in combined savings.
For homes under $500K: minimum 5%. For $500K-$1M: 5% on the first $500K + 10% on the remainder. Many developers are offering 5% total deposit structures, making it easier than ever to get started.
In many cases, yes. Average Vancouver rent is $2,630/month. After incentives, a $650K condo with 5% down at current rates costs approximately $2,180/month — saving you $450/month while building equity.
GST rebate + PTT exemption + developer credits. Your first home is closer than you think.
Calculate My Savings