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Education

Information alone is not enough. A professional mortgage broker has something far more valuable: years of experience and your needs in mind. They put the information in context, they anticipate the variables and find the best loan for you. This is the kind of help you don’t want to be without.

Land Transfer Tax (LTT)

Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, a land transfer tax property purchase tax will be levied on properties purchased. This means the majority of home purchasers in Canada can expect to add Land Transfer Taxes to the list of closing costs. Depending on where you live, taxes can range from a half a percent (0.5%) to two percent (2%) of the total value of the property. Many provinces have multi-tiered taxation systems that can prove complicated. Here is a link to a fast and easy land transfer calculator: Land Transfer Tax Calculator

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