Land Transfer Tax (LTT) is paid when a buyer purchases a home.
LTT is calculated as follows:
Under $250,000.00 ----- Purchase Price x 1% less $275.00
Over $250,000.00 ----- Purchase Price x 1.5% less $1,525.00
Over $400,000.00 ----- Purchase Price x 2% less $ 3,535.00
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Posted by Brad Stevenett
on May 20, 2009
CONDO
With condos, you purchase a unit in a building and gain a percentage interest in the common areas. You receive a deed to the unit you have purchased.
CO-OP
With co-ops, you purchase shares of a private corporation that owns and manages the building. You also receive a leasehold occupancy interest in a specific unit and the exclusive right to use it. You do not receive a deed; you receive ...
Posted by Anil Wadhwani
on May 20, 2009
Tarion amends registration rules for new home "flip" REALTORS® who deal in new home and condominium sales take heed: there are new provisions for registering vendors with Tarion Warranty Corporation.
When a person purchases a new home from a builder, but never occupies it and then resells it, they are required to be registered with Tarion. Under Ontario's New Home Warranty Act anyone who sells ...
Posted by Mary Kay McCoy
on May 20, 2009
Have you been fighting the battle of the weeds, brown patches, or sprawling clover? When real estate professionals talk about curb appeal, it starts with the lawn. Now that spring is upon us and more people are heading out into the yard to tackle the issues left over from a long winter, here's some ideas on how to generate a lush, green lawn.
1) Never cut the grass too short! Leaving the ...
Posted by Sean Kavanagh
on May 20, 2009
Want a dynamic way to help the environment while painting? Most local paint stores now have paint related supplies made from recycled materials such as paint trays, brushes with removable bristles, paint rollers (material made from plastic water bottles), and Eco friendly caulking products, recycled material made paints, low VOC paints or VOC free paints. Ask your ...
Posted by Samantha Whiteley
on May 20, 2009
How to host a successful yard sale.
If your annual spring cleaning ritual has produced a mountain of unused and unwanted items, you may want to think twice before you simply toss them out. How about a yard sale to turn some of that "junk" into someone else's "treasure?"
Each weekend in spring and summer you'll find yard sales popping up in neighbourhoods everywhere. And, where there ...
Posted by Natalie Bullard
on May 20, 2009
Congratulations to Jackie Dall'Orso who recently graduated from the CENTURY 21 Canada Create 21 Course. CREATE 21 is an award winning realtor training program with proven success: graduates earn significantly more in their first year than those who do not take the course.
"The CREATE 21 course was an excellent start for building my career in Real Estate. The instructor ...
Posted by Sheena Curran
on May 19, 2009
Over 2000 CENTURY 21 System members were recognized for outstanding achievements in 2008 during a seven city cross country tour in Spring 2009.
The Goodale Miller Team of CENTURY 21 Miller Real Estate Ltd. in Oakville, ON earned top spot in the Team category by achieving #1 Team by Production. This is another outstanding year for the Goodale Miller Team who adds this honor to a long list of awards. ...
Posted by Sheena Curran
on May 8, 2009
Bill Miller, Harbans Lama, Yvonne Andersen, and Don Lawby CEO CENTURY 21 Canada
Two long serving CENTURY 21 Miller salespeople, Harbans Lama and Yvonne Andersen, were recently acknowledged for their twenty years of service with the brokerage.
Harbans Lama originally came to Canada from India in 1976 as a young man, having recently completed his M.A. in Political Science. He received his ...
Posted by Sheena Curran
on May 6, 2009