The First Time Home Buyers' Program reduces the amount of property transfer tax you have pay when you purchase your first home. If you qualify for the program, you may be eligible for an exemption from the tax.

For more details, please visit CMHC's website at 

http://www2.gov.bc.ca/gov/topic.page?id=BBD16E2D7C1841A7BBD420E3AC5380F1