Buy Or Sell First?
March 7, 2008
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Buy or sell first when you are planning to make a move?
If you wish to move from your present home, you need to free up your equity as down payment for the home you wish to purchase. This may be a complicated process depending on your financial status. Read more
Property Transfer Tax
March 4, 2008
PROPERTY TRANSFER TAX AND FIRST TIME HOME BUYER’S INFORMATION
The Property Transfer Tax is a tax payable to the Provincial Government by purchasers of real estate. The tax applies to all types of real estate, whether residential, commercial or industrial.
The amount of the Property Transfer Tax is 1% on the first $200,000.00 of the property’s fair market value and 2% on the remaining fair market value. Read more
