Overview of Closing Costs
paid partially by down payment and mortgage
the Home Buyers Plan (HBP) up to $20,000 can be used from your RRSP towards your
down payment. Under the HBP, you have to repay all withdrawals from your RRSP
within a period of no more than 15 years. More Information - Canada
Customs & Revenue Agency Website
or Notary Fees and Expenses
& Investigating Title
Title Registration fees
required by lending institution.
Title Registration Fees
Transfer Tax: 1% of the first $200,000 plus 2% on any remainder
the First Time Home Buyers Plan - first time buyers of a principal residence may
be exempt. The fair market value must not exceed $375,000 ( A proportional exemption
is provided for eligible residences with a fair market value of up to $25,000
above the threshold -i.e. up to $400,000) and amount borrowed must be over 70%
of fair market value. More Information visit the Government
of BC Website.
and Service Tax (GST)
Insurance & Home Insurance Premium
rates and plans with your Insurance Broker
& Tips for Successful Home Buying
Us Help Find the Right House for You...an
easy to fill out form highlighting your "Dream Home".
Steps to Buying Your Home...find
out the most important steps in planning the purchase of your first home.
Your Home With Just 5% Down...see if you qualify.
Pre-approved for a Mortgage...find out how you can increase your bargaining
Money on Your Mortgage...helpful suggestions to reduce the amount of interest
Property Transfer Tax Exemption...you might be eligible for an exemption
of up to $6,500.