FHSA
First Home Savings Account
$40,000
Tax-deductible going in. Tax-free coming out. Contribute up to $8,000/year and use every dollar — plus growth — toward your first home.
British Columbia · 2026
Stop Paying Your
Landlord's Mortgage.
A step-by-step roadmap to leveraging $50k+ in BC and Federal incentives to buy your first home in 2026.
Built for buyers in Abbotsford, Chilliwack & the Fraser Valley.
The Stack
Three programs.
One down payment.
BC PTT Exemption
Property Transfer Tax
Up to $15,000
First-time buyers in BC are fully exempt on homes up to $500K, with partial relief up to $835K — keeping thousands in your pocket at closing.
RRSP HBP
Home Buyers' Plan
$60,000
Withdraw up to $60K from your RRSP — tax-free — toward your down payment. Couples can combine for $120K. Repay yourself over 15 years.
Why Now
The 2024 PTT change rewrote the math for the Fraser Valley.
In 2024, the BC government raised the first-time buyer Property Transfer Tax exemption threshold to $835,000 — bringing the vast majority of homes in Abbotsford and Chilliwack back into the exempt zone.
Combined with the federal FHSA and HBP, a typical first-time buyer in the valley can now stack over $50,000 in incentives toward their first purchase. The window is open. The math finally works.
$835K
New 2024 PTT threshold
$15K+
Saved at closing
2026
Year to make the move
Free Download
Download the 2026 FTHB Cheat Sheet
Every BC & Federal incentive. Eligibility, dollar amounts, deadlines — on one page.
Resources
Official program details.
Go straight to the source. Each link below opens the official government page for the program.