John  Dow

John Dow

Sales Representative

John E. Smith Realty Sudbury Limited, Brokerage

Mobile:
705-988-1850
Office:
705-674-5261
Toll Free:
1-888-836-5261
Email Me
John  Dow

John Dow

Sales Representative

John E. Smith Realty Sudbury Limited, Brokerage

Mobile:
705-988-1850
Office:
705-674-5261
Toll Free:
1-888-836-5261
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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705-988-1850

  

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About Me

Love Where You Live Sudbury

John Dow's experience in the luxury market stems started with 15 years fully immersed in the global world of selling and delivering private jets.  And for the past 9 years, John has been involved with the Montreal luxury real estate market.

John’s passion for real estate coupled with his focus on client outcomes is obvious upon meeting him.  Having worked with some of the world's most discerning clientele he knows how to listen and provide input and guidance as a trusted consultant.

John continually strives to provide an enlightened customer experience by thoroughly understanding both the client’s specific needs and emerging trends in the real estate market.  John Dow is continually ahead of the curve. 

John Dow is always seeking for professional improvement, continuously learning more about all legal aspects of real estate and life.  Learning is a passion for him.  John is constantly innovating when it comes to image building and marketing strategies. Proof of his avant-gardism is his strong presence in the social media.  Put this passion to work for you.

Having recently moved back to Sudbury after 25+ years, John is excited to re-engage with his community and enjoy this city he knew and loved as a child; this includes the lakes, bright stars, snow banks & potholes, and of course - the people. 

These are the primary reasons for John’s motto…Love Where You Live.

 



Education: | UWO | Laurentian University | LSSU |

Specialty: Luxury Real Estate | Single Family Homes (Residential) & Unique Properties

Experience: 9 years Real Estate 15 years Private Jets

Area Covered: Greater Sudbury

Languages Spoken: English