David  Morton

David Morton

REALTOR®

Royal LePage Atlantic

Mobile:
902-877-1117
Office:
902-453-1700
Toll Free:
1-866-456-1700
Email Me
David  Morton

David Morton

REALTOR®

Royal LePage Atlantic

Mobile:
902-877-1117
Office:
902-453-1700
Toll Free:
1-866-456-1700
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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My Experience and Advice will move you!
 
My goal is simple...
 
A key part of providing the best service to my clients is to provide them with the guidance and support needed throughout the entire selling or buying experience. With my extensive history of being a licensed Realtor for the past 16 years will make the difference.  You cannot afford inexperience!
 
I want to provide the very best service to my clients. This means that for the home seller, I want to ensure that every home listed through me is given the attention necessary to properly promote it in the marketplace, and that every buyer that I assist receives everything they need to find the home they've been looking for. A key part of providing the best service to my clients is to provide them with the guidance and support needed throughout the entire selling or buying experience.
 
Buying a home?
 
Your satisfaction is my top priority! I will take the time to listen to your needs and desires and together we will find your dream home.
 
Selling your home?
 
will get your home sold for top dollar and in a timely manner. My online and offline marketing programs give me the edge needed to make this possible in even the toughest real estate markets.
 
My experience:
 
It's my experience in the real estate market that will be your best asset in making a smart and economic real estate choice. I've been providing home buyers and sellers with trusted support and service for years. I can help you, too.
 
 
The bottom line:
 
I am here -- full-time, all the time -- to provide direct support for all your real estate needs!
 
 
 


Experience: 16

Awards: Multiple Awards

Area Covered: Halifax Municipality and surrounding area, including Bedford, Dartmouth, Lower Sackville, Fall River




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