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Kristi Lowe
Real Estate Sales Representative
 

Direct: 613-799-LOWE (5693)
Office: 613-831-9628

Email: kristi-lowe@coldwellbanker.ca


Land Transfer Tax

Land Transfer Tax Purchasers in most large Canadian centres 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 a basic fact of life. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from a half a per cent to two per cent of the total value of the property.

Many provinces have multi-tiered taxation systems that can prove complicated. If you purchase a property for $260,000 in Ontario, for example, .5 per cent is charged on the first $55,000, 1 per cent is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 1.5 per cent. Your total tax bill? $2,375.00.

The following list shows Land Transfer Taxes by province.

Ontario

  • Land Transfer Tax
  • Up to $55,000 X .5 % of total property value
  • From $55,000 to $250,000 X 1 % of total property value
  • From $250,000 to $400,000 X 1.5 % of total property value
  • From $400,000 up X 2 % of total property value

British Columbia

  • Property Purchase Tax
  • Up to $200,000 X 1 % of total property value
  • From $200,000 up X 2 % of total property value

Manitoba

  • Land Transfer Tax
  • Up to $30,000 N/A
  • From $30,000 to $90,000 X .5 % of total property value
  • From $90,000 to $150,000 X 1 % of total property value
  • From $150,000 up X 1.5 % of total property value

Quebec

  • Transfer Tax
  • Up to $50,000 X .5 % of total property value
  • From $50,000 to $250,000 X 1 % of total property value
  • From $250,000 up X 1.5 % of total property value

Nova Scotia

  • Land Transfer Tax

Halifax Metro

  • 1.5 per cent on total property value

Outside Halifax County

  • Check with local municipality.

About Me


Welcome to your online real estate resource center. As a qualified Real Estate professional, I understand what it takes to help buy or sell homes in today's economy. There are many questions that should be carefully answered, whether you're a first time home buyer or an experience investor - each and every real estate transaction can have its own unique challenges and I will be happy to help answer any questions, provide helpful information, help find your next dream home or sell your home quickly and efficiently.  Contact me today!I am here to walk you through all stages of the real estate process and make it a smooth and pleasant experience. Whether you are buying your first special home, downsizing after raising your family or moving to a new area I can offer you the expertise and the time you need to feel confident and excited about this important milestone.

My business is built on referrals – so you can trust that my priority is to offer you personalized customer service. Your best interest is my focus. Having recently completed the sale of our previous home and the purchase of our new home, I can appreciate that buying and selling a home is an important time in your life.

I look forward to the opportunity to work with you. I invite you to contact me directly to discuss how I can help you.

Contact Me


Coldwell Banker First Ottawa Realty, Brokerage
2 Hobin Street, Ottawa, ON, K2S 1C4

 Direct: 613-799-5693
 Email: kristi-lowe@coldwellbanker.ca