|
 |
 |
|
|
|
|
 |
|
| Q. |
How much does it cost to purchase
a house? |
|
|
| A. |
The cost of purchasing a house
depends on several factors such as whether you are using
a mortgage to finance the purchase and whether your purchase
includes more than one lot. Please call us if you would
like a quote on the purchase of your house. |
| Q. |
Is GST payable on the purchase
price of a house? |
|
|
| A. |
Generally, GST is only payable
on newly constructed houses and not payable on used residential
houses. |
| Q. |
What is Property Transfer Tax? |
|
|
| A. |
Generally, a purchaser must pay
a Property Transfer Tax of 1% of the fair market value
of the property up to $200,000.00 and 2% thereafter at
the time of purchase. There are many exemptions that may
apply and you should consult a lawyer if you would like
more information about these exemptions. |
Meet
our team working in this area.
|
|
|
|
