First time buyers may qualify for a full or partial exemption on Property Transfer Tax. This can result in meaningful savings, especially for lower purchase prices, though most Vancouver properties exceed the full exemption threshold. (LEARN MORE)

The FHSA allows you to save for your first home tax free. Contributions are tax deductible, and withdrawals for a home purchase are also tax free, making it one of the most powerful tools available to first time buyers. (LEARN MORE)

The Home Buyers Plan allows you to withdraw funds from your RRSP to use toward your down payment. This can help increase your purchasing power without immediate tax implications. (LEARN MORE)

If you are purchasing a newly built home, you may qualify for a partial GST rebate. This can reduce the overall cost of buying new construction, depending on the purchase price. (LEARN MORE)

While not exclusive to first time buyers, the Home Owner Grant reduces your annual property taxes if the home is your principal residence, helping lower your ongoing ownership costs. (LEARN MORE)

Buyers with less than 20 percent down can access insured mortgage programs. While insurance is required, it allows buyers to enter the market sooner with a smaller upfront investment. (LEARN MORE)