Non-Residents purchasing property in Vancouver. What you need to know. Buying real estate in Canada is very easy. There are neither restrictions to purchase real estate in Canada, nor are there extra fees or tax implications payable at the time of purchase/closing. All of the services required for non-residents of Canada are available locally to ensure a safe and stress free investment. On ...

Accepted Offer: Now What? As mentioned, your offer will have certain conditions and subjects such as "subject to a home inspection" and "subject to financing". Typically you will have 5-7 days to get a home inspection, obtain financing, etc. If at the end of this time you are satisfied to remove subjects, then they are removed and the sale becomes final. Congratulations! After acceptance of ...

Property Transfer Tax Everyone in B.C. pays a Property Transfer Tax on each home purchase unless you are a first time home buyer and meet certain criteria. Do not confuse this tax with your yearly property taxes. If you are not considered to be a first time homebuyer, you will be charged: 1% on the first $200,000 2% on the balance of the purchase price of the property First time home bu ...

Condo Completion Cost Guide   Property Transfer Tax: This tax is 1% on the first $200,000 of the sale price and 2% on the remainder. First-time buyers may be exempt from paying this tax. See the next page for details. Prepaid property taxes or utility bills: You will have to reimburse the sellers for any prepaid property taxes or utilities. Home Inspection fee: I always recommend that you ...

You've found the home you would like to purchase, now what? Here is where your realtor's expertise really comes into play. With his or her in-depth knowledge of market conditions an offer will be put together which will include: Price: depending on the local market conditions, your opinion of value and market information provided by your agent, the price you offer may be different from the s ...

What is your Budget? Before you start looking for a home, it is important that you become aware of how much you can afford to pay. This knowledge will allow you to spend your valuable time looking productively at homes which are within your predetermined price range. You can calculate a relatively accurate figure for yourself with the following information: $ ___________ Down-payment $ ___ ...

Why use a Real Estate Agent? In our highly competitive market, the services of a qualified real estate agent is of the utmost importance. The most desirable properties are being sold within days of hitting the market and in some cases, before they hit Realtor.ca. Realtors use the 'MLXchange' system that only licensed realtors have access to. Properties come up on 'MLXchange' a few days befo ...