Taxes & Closing Costs when Bying Real Estate in Victoria

Taxes:

Property Transfer Tax

GST ( only applicable on new purchases)

Foreign Buyer Tax

Speculation Tax ( Not in Effect)


Closing Costs:

Legal Fees

Inspection

Mortgage Associated Costs 



Hi everyone, please find some costs associated with buying a home in Victoria, British Columbia. Some costs are minimal and some costs can be greater. It all depends on each purchase. 


Please contact me and I can recommend some professional lawyers and accountants that may be able to assist you with your questions.


Thank you, 


Shirin Purewal