Buying your first home is exciting—but it can also be overwhelming. In a competitive market like South Surrey and White Rock, preparation is everything. That’s where Collab Realty Group comes in.
We believe first-time homebuyers deserve:
Education on the local market
Clear guidance on the buying process
Access to trusted affiliates like mortgage brokers, inspectors, and contractors
Here’s how we make it simple.
🎉 Perks of Being a First-Time Homebuyer in BC (2025 Update)
Buying your first home comes with several financial advantages designed to make homeownership more accessible:
🏡 Property Transfer Tax (PTT) Exemption
As a first-time homebuyer in British Columbia, you may be eligible for a full or partial exemption from the Property Transfer Tax, potentially saving you thousands of dollars:
Full exemption for homes with a fair market value up to $835,000.
Partial exemption for homes valued between $835,000 and $860,000.
🏠 Newly Built Home Exemption
If you're purchasing a newly constructed home, you might qualify for an additional PTT exemption:
Full exemption for newly built homes priced up to $1,100,000.
Partial exemption for homes valued between $1,100,000 and $1,150,000.
💰 First Home Savings Account (FHSA)
The FHSA allows first-time homebuyers to save up to $40,000 tax-free toward their home purchase.
🧾 Home Buyers' Tax Credit (HBTC)
You can claim a non-refundable tax credit of up to $1,500 on your federal income tax for the year you purchase your first home.
🏦 30-Year Mortgage Amortization for First-Time Buyers
First-time homebuyers can access insured mortgages with 30-year amortization periods, reducing monthly payments.
🏡 Step 1: Market Education
Before you step foot in a showing, we make sure you understand the local market dynamics:
Average home prices in South Surrey & White Rock
Popular neighborhoods like Ocean Park, Grandview Heights, and Crescent Beach
Insight into strata properties vs. detached homes
💡 Step 2: Mortgage Introduction
We introduce you to our trusted mortgage brokers, who help with:
Pre-approvals
Rate shopping
Understanding fixed vs. variable rates
🔎 Step 3: Finding the Right Home
We work with you to identify:
Must-haves vs. nice-to-haves
Neighborhood insights, including school catchments and walkability
Off-market opportunities and new listings
🔨 Step 4: Access to Trusted Affiliates
To make your journey smoother, we connect you with:
Home Inspectors – thorough inspections for peace of mind
Contractors & Handymen – quick fixes and renovations
Insurance Agents – to secure the best rates and coverage
📝 Step 5: Offer & Negotiation
When it’s time to write the offer, we handle:
Strategic pricing analysis
Professional negotiation to protect your interests
Clear explanations of subject clauses and next steps
📌 Why Work with Collab Realty Group?
As top-ranked realtors in the Fraser Valley, we pride ourselves on:
Client education before you even step into a property
Proven negotiation skills to get you the best deal
A network of affiliates you can trust
Ready to Take the First Step?
Buying your first home should be exciting—not stressful. Let us guide you through the process with confidence, clarity, and the connections you need to succeed.
📞 Let’s chat about your homeownership goals:
www.collabgroup.ca