Rodica  Iliescu

Rodica Iliescu

Broker

RE/MAX All-Stars Realty Inc., Brokerage *

Mobile:
647-204-4663
Office:
905-477-0011 ext. 4663
Email Me
Rodica  Iliescu

Rodica Iliescu

Broker

RE/MAX All-Stars Realty Inc., Brokerage *

Mobile:
647-204-4663
Office:
905-477-0011 ext. 4663
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.

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647-204-4663

  

905-477-0011

  
Throughout the years, I’ve always regarded perseverance as my strongest virtue. This attribute has helped me in finding what my clients want, with great consideration towards what they need.
A professional, reliable and honest disposition has always been my prerogative when representing clients, the like and myself.
Keys to success are my determination and drive to accomplish goals.  Over the past six years, I’ve made many connections with people that respect and rely on me to get the job done.

When faced with a problem, the question is not ‘How do I solve it?’, but rather ‘Which solution would result in the best possible outcome?’ My achievements reflect the effectiveness of my approach and have bee recognized by the leader in the real estate industry, Re/max, by awarding me the Platinum Award for many consecutive years.  I’ve also been awarded as a member of the National Association of Professional Women, Awarded Member of Worldwide Who s  Who, etc and much more.

Open-mindedness also attributes to accept or contemplate many perspectives, useful when positioning myself in my client’s perspective. This helps me understand the circumstances of a situation from every angle.

My commitment to my clients is to use the fullest extent of my knowledge, ability, and understanding, to meet your Commercial Real Estate needs.

 

As your Realtor, Rodica will be an advocate for you. Whether you are Purchasing, Selling or Leasing, she will work tirelessly to promote your business. If you are selling, she will work with you to get you the fairest price, in the least amount of time, by using state of the art technology. If you are buying, she will work hard to provide you with the best information and market data to inform and assist you so you can be a well-equipped buyer with the strongest possible negotiating position.

Rodica understands that buying and selling Commercial Real Estate can be stressful. As a full-time Realtor, she will work hard to lower your stress level and make your experience as pleasurable as possible. She will accomplish this through constant communication, and by being accessible whenever you need her.

 



Specialty: Commercial Real Estate Broker

Experience: 20

Awards: Awarded member of NAPW, Awarded Member of Worldwide Who s Who,

Area Covered: GTA

Languages Spoken: English, Hebrew, Italian, Japanese