First-Time Home Buyer BC — Step-by-Step Guide (2026)

Buying your first home in BC is a milestone — and it's very achievable with the right plan.

Step 1: Get pre-approved

Know your budget and lock your rate before you shop. This also makes your offers stronger.

Step 2: Tap first-time buyer programs

The First Home Savings Account (FHSA), the Home Buyers' Plan, and property-transfer-tax exemptions can save you thousands. We'll make sure you use every one you qualify for.

Programs available in 2026

• *FHSA* — First Home Savings Account (up to $40,000 tax-free)
• *HBP* — Home Buyers' Plan from RRSP (up to $35,000)
• *PTT Exemption* — Property transfer tax waived for first-time buyers up to $500,000
• *GST/HST Rebate* — Partial rebate on new construction

Step 3: Shop with a strategy

Define your must-haves vs. nice-to-haves and focus your search. Your advisor surfaces listings — including pre-sales — before you'd find them yourself.

Step 4: Offer, inspect, close

A well-structured offer, a proper inspection, and a clear closing checklist keep the process smooth.

New to Canada? We offer bilingual (English & Punjabi) guidance every step of the way.