Andrei  Lipatov

Andrei Lipatov

Salesperson, REALTOR®

Forest Hill Real Estate Inc., Brokerage*

Mobile:
416-457-3057
Office:
416-929-4343
Email Me
Andrei  Lipatov

Andrei Lipatov

Salesperson, REALTOR®

Forest Hill Real Estate Inc., Brokerage*

Mobile:
416-457-3057
Office:
416-929-4343
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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Dynamic visionary with wide­ranging executive management and strategic consulting experience, Andrei has led as a senior manager multifaceted business and marketing strategies, negotiated complex deals and structured multi million dollar transactions for many Fortune 500 companies.
 


Acknowledged for his business acumen, marketing prowess, skilled negotiating, integrity and charismatic style, Andrei’s traits are a natural fit for the competitive real estate market. It is his pursuit of precision that generates extraordinary business results in everything he does. To date, his professional accomplishments are a testament to his worth as an Agent, as well as evidence of his talent for cultivating trust­based, long­term relationships. A consummate professional, Andrei consistently delivers best­in­class results for each one of his clients.
 


Andrei has made building a wide network of strong connections a priority and as a result has built an impressive track record. As a top ­level executive, with a long time reputation for business excellence and expertise, he affords his real estate clientele world­class service and impeccable attention to detail. Andrei genuinely understands what is most important to his clients, and pays attention to their wants and needs.
 


Andrei is committed to leveraging his years of professional experience to help people buy and sell property, fulfill their real estate goals and dreams, and deliver the lifestyle they desire.
 

         
EXPERTISE:

Residential property sales & exchanges including fine homes, condominiums, income properties, vacant land.
Exceptional attention to skilled negotiations, knowledgeable analysis of property values and market trends.
Expertise and renowned credibility in resolving difficult transactions.

 

EDUCATION

MSc. Finance, Moscow State University.
Licensed Real Estate Salesperson , Province of Ontario.

 

PERSONAL

Andrei and his wife, Natalia, are the parents of two daughters.
In addition to English, he speaks Russian.