Elena  Day

Elena Day

Broker

Right at Home Realty Inc., Brokerage*

Mobile:
416-274-1909
Office:
905-637-1700
Email Me
Elena  Day

Elena Day

Broker

Right at Home Realty Inc., Brokerage*

Mobile:
416-274-1909
Office:
905-637-1700
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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416-274-1909

  

905-637-1700

  

“Trust me to take care of your real estate needs.”

I’ve been a self-employed real estate professional now for over a decade, helping my clients buy and sell hundreds of homes all across the GTA and points beyond.  For many of my clients, I helped them rent their first apartment, buy and sell their starter home, and buy their dream home. 

My clients describe me as knowledgeable, determined and very good at helping them achieve great results – I take their trust very seriously.

As a wife and mother of two small children, I know how important the right home is to the fabric of the family, and it thrills me to work with my clients to find them just the right home. 

The GTA is one of the world’s hottest real estate markets, which brings exciting opportunities as well as unique risks - I have surrounded myself with industry experts, including legal and financial, I stay up-to-date on the relevant issues and regularly take industry courses in order to best serve my clients.  Real estate is a business I take very seriously. 

I’m a good listener – it's important we work together to clearly identify your unique goals - whether it is a single property purchase or for investors working in larger buying pools. 


"I believe that with hard work, comes great rewards. I am steadfastly there for my clients and know that my efforts will lead them to a successful transaction. Whether it is the nuances of residential sales, pre-construction condominium sales, or the specialized field of condo assignments, I'm on top of the development. Don't allow a chance to be part of your buying strategy. Let's work together and achieve the unachievable!"
 

Specializing in:

  • residential resale
  • pre-construction
  • assignments


Education: University Of Guelph-Humber HBBA, Finance, Project & Event Mgmt Bachelor of Business Administration Diploma in Business Administration

Specialty: Residential Condominiums Commercial

Awards: Recipient of 2015/2016/2017 Prestigious President’s Club Award Top 3% of Right At Home Realty Brokers & 2015/2016/2017 Prestigious Producer’s Award Top 10% Units Sold

Area Covered: Halton, Peel, Toronto, York

Languages Spoken: English, Russian