Have you decided to buy a house or property in Canada? This article describes the nuances of the real estate market, prices, taxes. In Canada, a large influx of emigrants. They need to rent and buy housing. Because of this, the prices for immovability in Canada grow by an average of 10% per year. The rise in prices for apartments and houses outstrips inflation.
If a foreigner sells his property more than he bought, he pays a "capital gain" tax.
Cost of real estate in Canada.
Apartment in condominium: 1. Property tax (property tax) of about 0.7% of the total value.
2. Payment of condo fee once a month. For example, a 1-room apartment- a payment of $ 300- $ 400 CAD per month, a 2-room apartment- $ 400- $ 600 CAD per month.
3. Insurance is $ 30- $ 50 CAD per month.
4. Communal payments (if not included in the condo fee)
-water $ 45- $ 50 CAD per month
-electricity $ 45- $ 50 CAD per month
When buying a house or a freehold townhouse:
1. Property tax (property tax)
3. Communal payments.
Property prices in Canada.
Two bedroom apartment in downtown Toronto
Price: $ 429,900
Annual taxes: $ 2683
Area: 70 sq. M.
Number of bedrooms: 2
Number of bathrooms: 2
House with 3 bedrooms in the suburbs of Toronto.
Price: $ 339500 Annual Taxes: $ 1903
Area: 111.4 square meters
Number of bedrooms: 3
Number of bathrooms: 1,5
Real estate in Canada you can search using the site vidihome.com