How much does it cost to sell my home?
Commission is agreed between you and your REALTOR® before listing and is paid from the sale proceeds at closing. Harpal walks you through every cost (commission, legal fees, mortgage discharge and adjustments) so you know your net proceeds before you list.
Can I back out after my offer is accepted in BC?
For most residential purchases in BC, buyers have a 3-business-day Home Buyer Rescission Period after acceptance. Cancelling within that window costs 0.25% of the purchase price. Some properties, such as those sold at auction or leasehold land, are exempt.
How much do I need for a down payment?
In Canada, it's 5% of the first $500,000 and 10% of the portion between $500,000 and $1.5 million. Homes at $1.5 million or more need 20% down. Under 20% down, CMHC mortgage insurance is required. The calculator above does the math for you.
What is Property Transfer Tax?
A provincial tax paid by the buyer when the title transfers: 1% on the first $200,000, 2% up to $2 million, and higher rates above that. First-time buyers and buyers of newly-built homes may qualify for full or partial exemptions.
Should I buy first or sell first?
It depends on your finances and the market in your area. Harpal will look at your equity, bridge-financing options and current days-on-market, then recommend the order that keeps your risk lowest.
Do you work with investors and new construction?
Yes. Harpal has sold many new-construction duplexes in Willoughby Heights and Clayton, and helps investors evaluate rental potential, suites and holding costs.
