"When buying a property, you want to pay the lowest price possible under the best terms."

 Click here to complete the buyer's form.

Should I buy before selling?

If you buy before selling, make sure that you have the financial means to support both homes. You may be eligible for a bridge loan if the sale of your property is not yet flinalized before you take possession of your new home.

What costs should I expect when purchasing?

There is no applicable sales tax on resale properties. The taxes are applied only on new properties sold by promoters, whether houses or condos.

Building inspection   $500 + taxes (approx.)

Signing deed of sale   $1,200 + taxes (approx.)

Moving   (to be estimated by your mover, according to the quantity of furniture and distance)

Transfer tax   > Click here to calculate your transfer tax

What steps should I take when buying a property?

1) Meet with a mortgage broker to reserve a mortgage rate and obtain pre-approval for the maximum amount the financial institution is willing to lend you.

> Click here to calculate your mortage rate

> Click here for a list of mortgage brokers

2) Determine the area that interests you as well as your search criteria.

> Click here to fill in the buyer's form

Once you find the property

3) Fill out a promise to purchase.

4) The promise to purchase is presented to the vendor by the agent representing you.

5) The parties negotiate through their respective real estate agents until an agreement is reached.

6) The buyer hires a building inspector.

> Click here for a list of building inspectors

7) If the property is a condo, the purchaser must review the following documents: declaration of co-ownership, financial statements, co-op budget and the condo committee meeting minutes.

8) The agent will send the accepted promise to purchase with all annexes to the buyer's financial institution for final approval.

> Click here for a list of mortgage brokers

9) Buyers must now choose a notary who will execute the deed of sale. 

> Click here for a list of notaries

10) The parties (buyers, sellers and agents involved in the sale) will meet at the signing of the deed of sale and delivery of the keys.

At the signing of the deed of sale, the notary will address such issues as tax adjustments, fuel oil and natural gas expenses, co-op fees and all other expenses or revenues relating to the property.

Are you looking for a new property? Click here to fill in the buyer's form online.