BilliMac.com

Good news for first time home buyers!

In case you missed it, Tuesday’s budget included an increase to the property tax exemption for first time home buyers.

This is great news as first time home buyers will be able to save $7,500 on a purchase of $475,000.

The exemption limit was increased from $425,000 to $475,000 with a sliding scale to $500,000.