Adam  Dinunzio

Adam Dinunzio

Broker

Royal LePage Your Community Realty, Brokerage*

Mobile:
647.400.0767
Office:
905-731-2000
Email Me
Adam  Dinunzio

Adam Dinunzio

Broker

Royal LePage Your Community Realty, Brokerage*

Mobile:
647.400.0767
Office:
905-731-2000
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.

647.400.0767

  

905-731-2000

  
          I SIMPLY LOVE finding, managing, and selling amazing properties to amazing people. It is important to know that selling a home in today’s market can be challenging. While the market can be challenging, hundreds of homes are sold each week. What’s the difference between selling your home or failing to do so? The Details!
 
          Whether it’s my proven sales approach, effective marketing campaigns, or utilizing my extensive network - no detail is overlooked. I pride myself in the use of technology and innovation to maximize the exposure of your home. I created this guide to help educate you, a Seller and empower you to make the right decision when selecting the best broker to market and sell your home.
 
          When we say we are “redefining service in real estate,” I mean it! People come first and it shows! We will educate you on what needs to be done to have a successful sale of your home. There are many components to a successful real estate transaction; you can count on me to be there every step of the process and make sure no detail is overlooked. With a proven track record, the right skill set, and years of experience, I assert that you will find that I have right tools to successfully sell your home.
 
          If you are buying a beautiful home or property for yourself, or if you are an investor looking for a fantastic high-end option, you can rest easy knowing that I am working for you.  A skilled communicator, artful negotiator, and experienced broker, If you’re serious about selling your home, I’m! serious about getting the job done.
 
-Adam Dinunzio
 

 



Specialty: LUXURY HOMES • INVESTMENT ACQUISITIONS • RESIDENTIAL & CONDO SALES

Awards: Sales Attachment & Master Sales Attachment Awards

Area Covered: York Region, Halton Region, Peel Region, Durham Region, Simceo Region & The Greater Toronto Area.