What expenses and potential taxes do I need to pay if I’m buying a property?


There are a number of typical expenses and taxes that’ll be applicable to your real estate purchase in BC. You will have to prepare to pay for expenses such as lawyer or notary fee, mortgage financing fee if applicable, professional home inspector fee, appraiser fee if required, moving expense, strata building move-in fee if applicable, adjustment for annual property taxes and maintenance fees to the day of your completion (Buyer’s pro-rated %), and taxes such as the property transfer tax PTT and goods and services tax GST with varying amounts/calculation.

Eg

Lawyer fee $1,600

Mortgage financing (varies)

Home Inspection 

Home Appraisal

Moving company  

…

209 Views, 0 Comments

Read Full Post