Sunil  Chadha

Sunil Chadha

Broker

Red and White Realty Inc. Brokerage *

Mobile:
519-500-8858
Email Me
Sunil  Chadha

Sunil Chadha

Broker

Red and White Realty Inc. Brokerage *

Mobile:
519-500-8858
Email Me

Land Transfer Tax Details

Land Transfer Tax

Purchasers in most large Canadian cities can add Land Transfer Taxes to their list of closing costs. Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are part of the deal. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from half of a percent to two percent of the total purchase price.

Many provinces have multi-tiered taxation systems that can be complicated. For example, if you purchase a property for $300,000 in Ontario, 0.5% is charged on the first $55,000, 1% is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 1.5%. Your total tax bill? $2,975.00.

The following chart illustrates Land Transfer Taxes by province.

ONTARIO
Land Transfer Tax (go to calculator)
Up to $55,000 X 0.5% of total purchase price
From $55,000 to $250,000 X 1% of total purchase price
From $250,000 to $400,000 X 1.5% of total purchase price
From $400,000 up X 2% of total purchase price
BRITISH COLUMBIA
Property Purchase Tax
Up to $200,000 X 1% of total purchase price
From $200,000 up X 2% of total purchase price
MANITOBA
Land Transfer Tax
Up to $30,000 N/A
From $30,000 to $90,000 X 0.5% of total purchase price
From $90,000 to $150,000 X 1% of total purchase price
From $150,000 up X 1.5% of total purchase price
QUEBEC
Transfer Tax
Up to $50,000 X 0.5% of total purchase price
From $50,000 to $250,000 X 1% of total purchase price
From $250,000 up X 1.5% of total purchase price
Halifax Metro
1.5% on total purchase price
Outside HalifaxCounty
Check with local municipality.

 

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519-500-8858

  

About Me

Complete real estate services, outstanding results.”

 

Welcome to my real estate website, which focuses on buying and selling Kitchener and Waterloo Homes. I have also incorporated more specific information about myself, my history in real estate, and the range of real estate services I offer.

As a reputable Kitchener Waterloo real estate Broker, my knowledge, experience and insights in the Kitchener Waterloo and surrounding areas is invaluable. My aim is to provide each client with the unique and exceptional real estate experience.Whether you are interested in buying or selling a condo, townhome, single detached home or an investment or commercial property, I have the tools and experience to ensure a smooth and seamless real estate transaction.

When I first started my career as a real estate sales representative, I quickly realized that real estate was not just selling and buying residential properties. It was gaining the clients trust and helping them in making the biggest financial investment of their life. Fueled by the desire to offer something more than just dealing in residential properties, I obtained my Real Estate Brokers license very early in my career and dedicated timeless effort to gain the knowledge and experience to deliver a unique service to my clients, whether it was to help them in buying their dream home or in negotiating any other real estate opportunities.

 

I, thus, offer my clients personalized service in all types of real estate transactions – residential, commercial and investment properties as well as buying and selling different types of businesses. I accomplish this by combining my experience and knowledge with time tested negotiating strategies and open and prompt communications. My unwavering commitment to my clients commences with unique uncompromising service and culminates in positive results and mutual satisfaction. Even after the completion of a transaction, I am always available for ongoing consultations, vendor referral and recommendation.

Please feel free to browse through my website to explore real estate information on homes in Kitchener Waterloo and surrounding area and contact me, a trusted Kitchener Waterloo real estate agent, for all your real estate requirements.

 

 



Education: BA, MBA

Specialty: Residential, Commercial, Investments, Businesses

Area Covered: Kitchener, Waterloo (and all surrounding areas), Cambridge, Elmira, Guelph, Woodstock, Brantford.

Languages Spoken: English, Hindi, Punjabi, Urdu