4 Costs to Budget for when Buying Real Estate in The Shuswap

When purchasing property in The Shuswap, British Columbia, 4 costs to consider, & add in your budget:
1. Property Transfer Tax: This tax is levied at a rate of 1% on the first $200,000, 2% on the portion up to $2 million, and higher rates for amounts exceeding this threshold. Each and every time you buy wether you are a resident or not.
2. Legal / Notary Fees for Conveying docs: These encompass fees for services rendered by a lawyer or notary.
3. Tax Adjustments: These adjustments may include prorated property taxes and other related charges.
4. Inspections: Costs associated with property inspections to ensure the condition and compliance of the property.
Karen Singbeil PREC*
Associate Broker
RE/MAX at Mara Lake
📲 direct: 250.804.3939
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🌎 shuswap4sale.ca
🏡 Sicamous & Mara Lake ⚓️ Luxury Home & Condo Expert !
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*PREC= Personal Real Estate Corporation