Michael  Barillari

Michael Barillari

ABR, SRS, RENE BROKER

RE/MAX PREMIER THE OP TEAM Brokerage*

Mobile:
647-278-2237
Office:
(416) 987-8000
Email Me
Michael  Barillari

Michael Barillari

ABR, SRS, RENE BROKER

RE/MAX PREMIER THE OP TEAM Brokerage*

Mobile:
647-278-2237
Office:
(416) 987-8000
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.

Have Questions?

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Michael Barillari is a Re/Max Real Estate Broker & Certified as an ABR* SRS* RENE*

- ACCREDITED BUYER REPRESENTATIVE
- SELLER REPRESENTATIVE SPECIALIST
- REAL ESTATE NEGOTIATION EXPERT

Client Satisfaction has always been his Top Priority, Michael ensures that his amazing Service & Market Knowledge leads to a client True Understanding of the Market and the confidence to make an Informed Decision.

Michael believes in a friendly, fair & firm approach. He is a very active Team player, innovative and on Top of New Technology like ModernRealtor.ca.

His prompt and Professional Services are available for his Clients day and night. Working with industry leaders, Michael has gained extensive knowledge for the Real Estate Industry as well as a passion for architecture and development.

Specializing in luxury homes, Michael has a thorough understanding of different markets within, and outside of the Greater Toronto Area. Strong Negotiation Skills, Focused Digital Marketing Plan, a Powerful “Organic” Website Presence, and an unmatched level of Untraditional Client Service

Communication has contributed to Michael’s continued success.
He has successfully dealt with First Time Home Buyers, Existing Home Owners, Investors and Commercial Clients with Expert Real Estate knowledge.
He also greatly appreciates his Clients for their Ongoing Referrals.

You can call MICHAEL BARILLARI (SoldMike) at 647-278-2237 or email him at Broker@soldmike.com


Education: Orea College

Experience: 8

Awards: ABR* SRS*

Area Covered: G.T.A Vaughan Toronto King Caledon Woodbridge Richmond Hill

Languages Spoken: Italian