First Time Buyers in Kamloops

Your First Home Is Closer Than You Think

Free money, tax breaks and lower down payments are on the table for first time buyers in BC. Scott Arsenault, REALTOR® with Stonehaus Realty, walks you through every step so you buy with confidence and zero guesswork.

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Programs Built For You

Stack these together and your first purchase can cost a lot less than you expect. Scott helps you figure out exactly which ones you qualify for.

$0

Property Transfer Tax

BC first time buyers pay no transfer tax on the first $500,000 of a home worth up to $835,000. That can be up to $8,000 back in your pocket.

$40K

FHSA

The First Home Savings Account lets you save up to $8,000 a year, $40,000 lifetime, tax deductible going in and tax free coming out.

$60K

RRSP Home Buyers' Plan

Borrow up to $60,000 each from your RRSP for your down payment, then pay it back over 15 years. Couples can double it.

$1,500

Home Buyers' Tax Credit

Claim $10,000 on your tax return the year you buy for up to $1,500 back. Buying new? Ask about federal GST relief for first time buyers too.

How Much Do You Need Down?

Less than most people think. Here is the minimum down payment in Canada, and first time buyers can now get up to a 30 year amortization on an insured mortgage to lower the monthly payment.

Purchase Price Minimum Down
$400,000 townhome or condo $20,000 (5%)
$550,000 home $30,000 (5% on the first $500K, 10% on the rest)
$700,000 detached home $45,000
$1.5 million and up 20%

General information only, not financial advice. Program rules and limits change, so confirm your exact numbers with Scott and your mortgage specialist before you buy.

Your Path to the Keys

Six steps, start to finish. Scott is with you on every one.

  1. Free Game Plan Call

    Talk budget, timing and wish list with Scott. No pressure, just a clear plan.

  2. Get Pre Approved

    Scott connects you with a trusted local mortgage specialist so you know your real number.

  3. Find Your Neighbourhood

    Take the Kamloops neighbourhood quiz and tour the areas that fit your life and budget.

  4. Tour Homes

    Get new listings the minute they hit and see the right homes first, in person or by video.

  5. Win the Offer

    Scott prices it right, protects you with the right subjects and negotiates hard for you.

  6. Get the Keys

    Inspection, lawyer, closing costs and moving day, all mapped out so nothing surprises you.

Why First Time Buyers Call Scott

  • Plain English answers, no jargon and no pressure
  • Knows every Kamloops neighbourhood and what homes really sell for
  • Trusted lenders, inspectors and lawyers ready to go
  • Tons of 5 star Google reviews from happy Kamloops buyers
  • Your buyer agent, with your interests first, every time

Ready to Start?

Get your free first time buyer game plan and new listings in your price range sent straight to you.

Get My Free Game Plan

Not sure where to live? Take the neighbourhood quiz