For Non Canadian Buyers

Who is a Non Canadian Resident? The term “resident” is not defined in the Income Tax Act, however, the courts have held “residence” to be a “matter of the degree to which a person in mind and fact settles into or maintains or centralizes his ordinary mode of living with its accessories in social relations,...

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Home Mortgage Guide

Pre-Approved Mortgages With a little information on mortgage types you will be ready to shop around for the best interest rate and mortgage that fits your individual needs. The most common types of mortgages are the Conventional Mortgage (which requires a 20% or higher down payment) and the High Ratio Mortgage (which could be 0%...

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Property Investors Program

If you are thinking of purchasing a property on Vancouver Island, or anywhere else in Canada, there are some terms and conditions that apply to the financing which are unique to U.S. or offshore investors. Property may be purchased as owner-occupied or for investment purposes. A person application (including name, marital status,...

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Buyer’s Expenses

Costs Incurred When Buying Property Building Inspection Fees An inspection is an examination of the condition of the property after your offer is accepted. * Approximately $300 to $700, depending on the square footage of the property Appraisal Fees An appraisal of the property (if required by your lending institution) will be performed...

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