Dianne  Speakman

Dianne Speakman

Sales Representative

HomeLife Advantage Realty (Central Valley) Ltd

Mobile:
604-308-1699
Office:
604-859-3141
Email Me
Dianne  Speakman

Dianne Speakman

Sales Representative

HomeLife Advantage Realty (Central Valley) Ltd

Mobile:
604-308-1699
Office:
604-859-3141
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?

 

Dianne has extensive knowledge of the real estate market, as a full-time Realtor® for 15 years she loves helping people make important life decisions. Her sales experience and great listening skills make Dianne a clear choice for anyone ready to sell or purchase a home. Her formal education and training allows her to excel at every step of the real estate buying or selling process.  Dianne also has a reputation for timely and focused responses to each of her client’s needs and concerns. She is a skilled negotiator and goes the extra mile for her clients, carefully positioning her listings to every possible buyer.

Originally from BC, Dianne is extremely knowledgeable and connected to all markets throughout the lower mainland and specializes in the Abbotsford, Chilliwack, Langley and Mission areas. Known by clients and colleagues for her honesty, dedication and reliability   

Dianne credits her motto "Do what you love and if you do, you’ll never work a day in your life" as being vital to her professional success. The joy she receives from helping clients, motivates her to always work the hardest she can for them. Outside of her career in real estate, Dianne is passionate about spending time with her family.  She actively supports the Abbotsford Hospice and SPCA. Her love for her community has kept her local to the Abbotsford, Chilliwack and Mission area.  

As an accomplished and respected Realtor®, Dianne is a clear choice for anyone ready to sell or purchase a home.

 

 

 



Education: UBC, VCC

Speciality: Residential, Condominiums, Multi - Family, Mobile homes, Bareland Strata

Experience: 15 years

Area Covered: Abbotsford, Mission, Langley, Chilliwack

Languages Spoken: English