If you’re a first-time home buyer in the market for a newly-built home, you can now get up to $10,000 back from the BC government, but you have to act fast as this ends on March 31, 2013.
The B.C. First-Time New Home Buyers’ Bonus is a one-time payment worth up to $10,000.
A first-time home buyer is an individual who has never previously owned a primary residence anywhere in the world.
A primary residence is generally a house that you own, jointly or otherwise, and that you intend to live in on a permanent basis. You may have more than one place of residence, but you are considered to have only one primary residence.