Checklist for Home Purchase


1. Insist on having a realtor represent you on your purchase     as much as you can, separate from the listing realtor so as     to ensure there is no conflict of interest

2. Ensure that you have arranged for a residential home     inspection after including this as a condition of your home     purchase

3. Inquire as to whether the current owners has a current     survey of the home that illustrates where the home is     located on the property relative to the property lines



4. Study carefully the Property Disclosure Statement that     should be prepared and signed by the Vendor and given to     you as part of the purchase contract.


5. Inform yourself of all the applicable taxes on your home purchase, including GST (5% on new or substantially renovated     homes) and Provincial Transfer Tax (PTT) (1% of the first $200,000 value of the home, plus 2% of the balance)

6. Have home insurance purchased and effective as of the day of completion of your purchase (when the transfer of interest and     payment of the purchase price happens), not on the day of possession (when you get your keys).

7. Inquire as to whether the home was once a farm property, or whether the lot or the surrounding lots were ever used as a gas     station, so as to protect against the possibility of having a septic tank or oil tank or contaminated soil, on your property

8. Inform yourself as to what is covered under the National Home Warranty Program for newly built houses as there are time     limits for certain repairs

9. Inquire whether or not you would require title insurance on your home to protect against hidden title defects, fraud, rights of     ways, or septic and oil tanks. For more advice, please contact Iven K.S. Tse

Detached Home or Condo Purchase

Congratulations on your new Detached Home or Condo Purchase We understand your completion is scheduled in the near future.


Other Real Estate Services

Title Transfer, Private home purchase or sale, and private mortgages