Costly Mistakes.
March 20th, 2006
You're prequalified by your bank/mortgage broker & you've found you perfect home. Don't get a big surprise upon Completion once you're at your lawyers office. PTT (Property TransferTax) used to be called PPT (Property Purchase Tax) is 1% on the first $200,000 & 2% thereafter. If you're buying a new home there's that nasty GST to think about @ 7% on top of you purchase price.
Resale homes do ...