If you’re a first-time home buyer or an experienced purchaser or seller, real estate can be daunting. Allow Paul Conway’s real estate law professionals take care of the paperwork and legal procedures. We have extensive experience in all aspects of real estate law. What can we help you with?
First-time Home Buyers
Qualifying for the land transfer tax rebates requires you to comply with specific requirements set out by the Minister of Finance. You must be a Canadian citizen and a permanent resident, and you must be 18 years of age and occupy the home as your primary residence within 9 months of the acquisition date. If you’re not a Canadian citizen, you have 18 months following the property transfer to become eligible for the rebate.
Applying for a Mortgage
Whether you’re applying for your first mortgage or refinancing an existing mortgage, you will be asked to provide your mortgage agent with documents including Notice of Assessment from CRA to establishe income, evidence of adequate fire/liability home insurance, government issued identification, void cheque and current banking statements. We recommend you work with a reputable mortgage broker because they are up-to-date with current lending trends. Several credit enquiries should be avoided as they can negatively impact your credit score.
Planning to Sell Your Home?
Let us guide you through the process. A few things that you are important to know:
Transactions for Commercial or Industrial Properties
We know that real estate can be complex. We have extensive skills and expertise in corporate and commercial sectors, allowing us to deal with all transactions irrespective of complexity. If you would like to discuss your commercial or industrial sale or purchase transaction, give us a call today.