GEORGE PAUL  VLAHAKIS

GEORGE PAUL VLAHAKIS

Manager

Forest Hill Real Estate Inc., Brokerage*

Mobile:
416.755.0123
Office:
416-755-0123
Email Me
GEORGE PAUL  VLAHAKIS

GEORGE PAUL VLAHAKIS

Manager

Forest Hill Real Estate Inc., Brokerage*

Mobile:
416.755.0123
Office:
416-755-0123
Email Me

Land Transfer Tax Details

Land Transfer Tax

Purchasers in most large Canadian cities can add Land Transfer Taxes to their list of closing costs. Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are part of the deal. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from half of a percent to two percent of the total purchase price.

Many provinces have multi-tiered taxation systems that can be complicated.
For example, if you purchase a property for $300,000 in Ontario, 0.5% is charged on the first $55,000, 1% is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 1.5%. Your total tax bill? $2,975.00.

The following chart illustrates Land Transfer Taxes by province.

ONTARIO
Land Transfer Tax (go to calculator)
Up to $55,000 X 0.5% of total purchase price
From $55,000 to $250,000 X 1% of total purchase price
From $250,000 to $400,000 X 1.5% of total purchase price
From $400,000 up X 2% of total purchase price
BRITISH COLUMBIA
Property Purchase Tax
Up to $200,000 X 1% of total purchase price
From $200,000 up X 2% of total purchase price
MANITOBA
Land Transfer Tax
Up to $30,000 N/A
From $30,000 to $90,000 X 0.5% of total purchase price
From $90,000 to $150,000 X 1% of total purchase price
From $150,000 up X 1.5% of total purchase price
QUEBEC
Transfer Tax
Up to $50,000 X 0.5% of total purchase price
From $50,000 to $250,000 X 1% of total purchase price
From $250,000 up X 1.5% of total purchase price
Halifax Metro
1.5% on total purchase price
Outside HalifaxCounty
Check with local municipality.

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George Paul Vlahakis bought his first investment property at 19 years of age, and has been passionate with everything real estate ever since. 

With 20 years of sales and real estate experience, along with a background in architectural design, George Paul possesses a vast knowledge in all things real estate.  This includes everything from spearheading development projects, real estate architecture and design and trading both in residential and commercial properties.

Driven by his passion, George Paul continues to educate himself on all things real estate, including new technologies and systems that affect the real estate industry here in Canada and internationally.  He frequently attends and participates in cutting edge seminars hosted by industry leaders

In addition to George Paul’s knowledge of the industry, his loyalty, dedication and strong negotiating skills have made a large impression on clients and industry professionals over the years.  His understanding of clients’ needs and requests prompt clients to constantly approach George Paul for his real estate advice and direction when it comes to investing, purchasing, selling or developing.

Through modern day technology, including web and social media, George Paul continues to expand his portfolio, increase his database and widen his network of contacts that includes clients and industry professionals.  This network of contacts creates a beneficial opportunity to bring together a client to the right property, an investor to the appropriate development and needs to be met efficiently and cost effectively.

It is George Paul’s passion for real estate as a whole that made him realize that there was a need for a full service real estate boutique. By bringing together a group of real estate professionals that have the expertise to better service investors, builders and real estate clients, The George Paul Team was born. 



Specialty: architectural design, development projects, real estate architecture, design and trade for residential and commercial property, dream homes, first time buyers, relocation, investment properties, residential, condos, commercial, retirement and selling during divorce.

Experience: Over 20

Awards: BILD marketing person of the year, NAHB marketing person of the year, Multiple Platinum Sales Awards, National Academy of Best Selling Authors Best selling book 2013.

Area Covered: Toronto, East York, North York, Scarborough,Richmond Hill, Aurora, Newmarket, York Region, GTA and surrounding areas.