I am concerned how much money I need to get prepared for a new condo/house, only at its listed price or with additional taxes. An old house or 2nd hand house doesn't have to pay tax, right? Thanks.
I am concerned how much money I need to get prepared for a new condo/house, only at its listed price or with additional taxes. An old house or 2nd hand house doesn't have to pay tax, right? Thanks.
Prepare at least 20% of your house price as down payment, plus land transfer tax, plus tarion 7 years insurance, plus lawyer fee, plus city land tax from June to dec 2015.
Call your bank to make the mortgage transfer document ready at least one week before closing day.
Tax refund will be directly deposited to your house builder's account. You won't get it.