Tammy Woods And  Josh Reso

Tammy Woods And Josh Reso

Real Estate Team

Royal LePage RCR Realty, Brokerage *

Mobile:
519-939-8787
Office:
519-941-5151
Email Me
Tammy Woods And  Josh Reso

Tammy Woods And Josh Reso

Real Estate Team

Royal LePage RCR Realty, Brokerage *

Mobile:
519-939-8787
Office:
519-941-5151
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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Thinking of making a move? Perhaps you’re considering upgrading to a larger home, downsizing, or hoping to buy your very first home. Whatever your real estate need may be, look no further, The Woods*Reso Real Estate Sales Group is ready to go to work for you! With over 30 years of combined specialization in Orangeville, Dufferin County, Caledon, and beyond we possess a comprehensive understanding of the diverse and ever changing market. We are constantly utilizing our compassion, drive, and determination to ensure a smooth real estate transaction with no surprises and as little stress as possible. For us, our clients are always top priority. Their differing needs, desires, and interests are paramount and we strive to make sure that they are met. As full service, business class REALTORS we take pride in bringing your real estate transaction to its fullest potential, providing unique attributes for buying or selling your home. This includes;
 
  •          Buyer and seller guides (what you need to know!)
  •          One on one consultations to determine your needs and desires
  •          Home assessment (discover the true value of your home)
  •          Modern and unique marketing and advertising strategies
  •          Ongoing and routine communication (keeping you at the forefront of your buying/selling experience)
  •          Professional advice and expert negotiation
  •          An extensive database of business referrals
  •          Continuing client service (with our client appreciation program, our services are always available to you             long after you have bought or sold your home)
 
Our Business Philosphy is based on RELATIONSHIPS * COMMUNITY * SERVICE * SKILL with a flare of Sustainability. Real estate is our passion, and the Dufferin real estate market is a vibrant and exciting place to be. The history and beauty of the homes in Orangeville is a large contributing factor to the town’s character. It remains something that is truly a pleasure for us to be a part of. So whether buying or selling a home in Orangeville, or surrounding areas, "Make the Wise Choice" and allow us to assist you every step of the way.


Education: BComm, Business Administation - Marketing

Specialty: Residential, Condo

Experience: 18

Awards: Emerald, Diamond, Platinum

Area Covered: Dufferin County, Orangeville, Grand Valley, Shelburne, Mono, Amaranth, East Garafraxa, Erin, Caledon

Languages Spoken: English