Our office assists purchasers and vendors in their real estate transactions and mortgages. If you would like us to assist you, please inform your
realtor, your lender's representative and contact our office as soon as possible.
Property Transfer Tax
Please note that Canada Mortage and Housing Corporation (CMHC) and the Provincial Property Transfer Tax (PTT) have completely separate and
distinct rules for determining your status as a First Time Home Buyer.
Your lender may require a survey certificate showing the location of your new home and any other permanent structures on the property to determine
that they are not encroaching on your neighbour's property and that they are properly setback from the property lines in accordance with the
requirements of the local governing authorities. A surveyor physically goes to the property and obtains this information. This should not be
confused with an appraisal which is also required by the lending institution to determine the value of your new property for their security
purposes.
450 - 6th St. New Westminster, BC, V3L 3B3
Voice: (604) 526-7884 Fax: (604) 526-5227
Disclaimer:
The material you find in this site is for general information only and must not be taken as legal advice.
Many situations are unique and may require consultation with our office.