Home Property in Canada
How to buy a house in Canada?
Here you will find the detailed information about real estate purchasing in Canada:
- the right way to choose the property and to effect the deal;
- property taxes and duties that should be paid;
- everything about home loans in Canada;
- home property management and renting;
- rental, commercial properties and related investment properties.
Real estate for sale
Most recent offers from house owners in Canada and from real estate agencies. Advertisements with the fixed price and auctions are listed here.
You can leave a comment and give advice to other visitors planning to buy a home in Canada.
Canada is one of the most prosperous countries in the world . About 70 % of the population live in their own homes. The crime rate , already low, is decreasing . Good living conditions in the country attract more and more new immigrants , making a very favorable purchase real estate in Canada to invest.
Property Types in Canada
Residential real estate in Canada is of three types : urban home (or townhouses) , private homes and condominiums (or condo, as they are called Canadians ) . Also common and profitable real estate , rent, rental owners .
Town houses are part of a block of flats (usually a two-or three-storey ) with a small plot of land. Each part has a separate entrance and garage. These houses are usually located wall to wall on the same street . The average area of the city home - about 140-150 square meters. Living rooms are usually from three to six. The layout is the same on the layout of ordinary houses .
Town homes, in turn, are divided by the type of property to condominiums and homes of free content . They differ from each other in that the owners of houses , condominiums have to pay for services on a monthly basis on the content of the territories adjacent to their homes , as they are their collective owners . Homeowners with free content do not need to , because they maintain order in the surrounding area on their own.
Private houses are also divided into two groups: individual and twin homes. The latter are not very common. Among individual private homes are distinguished bungalows and standard two-storey home.
The bungalow is a small (its surface is rarely more than 200 square feet) detached single-storey house with a garage. Bedrooms there is usually no more than four and one - two bathrooms.
Size of the standard two-storey house is 150-350 square meters. Garage usually adjacent to the house . On the second floor are the bedrooms ( three or four ) and bathrooms (one - two ) . On the ground floor are the kitchen and dining room, one - two living rooms , an office and a hallway . Below these basement - the so-called Basement . Its area ranges from 40 to 60 square meters. Basement is not like the famous cellars of the Russians : it is warm and dry , so here often carry an office or a room for entertaining. Basement often rent out .
Multi-family high-rise condominium building called - the type of property. Such houses are usually almost always meet all European requirements . They necessarily duty round the clock security. The houses have a sauna , tennis courts , swimming pools, a ballroom. In the area adjacent to the house, a children's playground . Each house has an underground garage.
Apartments in condominiums consist of several rooms , including one to three bedrooms, one or two bathrooms, sunroom , living room, several storage rooms , dining room , kitchen and balcony. This apartment is a private property owner.
Condominiums on the upper floors are penthouses - luxury apartments ranging from 140 to 250 square meters.
Profitable real estate in Canada are considered to house with several apartments owned by one person. Most often, the owner and his family live in one apartment and the other rents to cover the costs of maintaining a home and getting a small profit. If the home is more than five apartments , it is considered commercial real estate.
In all of these types of housing are almost always present such facilities as a storage room and a laundry room with washing machine and dryer .
Real estate prices
The price of real estate in Canada , as elsewhere, depends on the type of housing, the area of the city where it is located, the province.
The most inexpensive and low-prestige housing type are considered urban home. But in the last 5-7 years, many Canadian cities (eg Toronto ) building new and comfortable luxury town homes . Prices for this property are comparable to the cost of private houses of the same area . Bungalows are not much more expensive.
The cost of a standard two-storey home depends on the size of the house and the area of land on which it stands , the house was built , the area in which it is located, interior design and other factors . Owner of the house to be ready for monthly payments of insurance and property taxes. Utilities will have to pay separately.
Prices for apartments in the condominium are very different depending on the class of housing : standard apartment - it is one order of prices and exclusive multi-level in the downtown area - is very different.
You can also buy a plot of land for construction, but the construction of a new home is often more expensive than buying a facility of the same area .
How to Buy Real Estate
Buy Real Estate in Canada foreigner is not much harder than a local. The only exception is the protected areas , the sale of which is prohibited by foreign nationals . However, in the different provinces and territories, the laws may be slightly different , so before you buy do not be lazy to get acquainted with the laws of the provinces of Canada where you want to buy nedvizhimost.Sleduet notice that you are buying a property does not give you any benefits in obtaining citizenship in Canada.
In Canada, often acquire real estate loans . Get a mortgage can even non-resident of Canada. This is no big deal , but if you can prove that in the next few months will move to Canada , you will not be able to get a soft loan for the purchase of housing. Usually the paperwork for the loan is 5 business days. A foreigner can count on a loan of 50-70 % , a citizen of Canada - 100 %. One of the necessary paperwork that you need to provide bank - any document proving that you have regular income in a country . In this case, you will not have to pay any additional taxes or government fees.
Even if you are a wonderful lawyer , you need a Canadian lawyer , because without him all real estate transactions in Canada are void. Real Estate Agent in conjunction with your lawyer makes an offer to purchase . If the seller agrees to this proposal , you will have to pay 10 % of the cost of the acquired property . The seller also has to perform a lawyer who is a sales contract and sends it to your attorney , who in turn must check the information about buying real estate. After that, he wrote a document that paints everything costs of processing the transaction . You will need to give this money to a lawyer who will pass on your behalf the necessary sum to the seller , and you hand over the keys to the property.