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Home / Tolley's Global Mobility: Personal Taxes /Canada /CA2 Tax considerations in Canada /CA2.1 Purchasing a home in Canada / CA2.1.1 Costs of purchase
Commentary

CA2.1.1 Costs of purchase


Canada

Contributed by:

Debra Moses, Partner, Global Employer Services Leader at BDO Canada LLP

CA2.1ÌýÌýÌýÌý Purchasing a home in Canada

Most people will need to borrow money to buy a home in Canada. Buying a home in Canada usually entails the following steps:

  1. Ìý

    •ÌýÌýÌýÌý collecting funds

  2. Ìý

    •ÌýÌýÌýÌý checking affordability

  3. Ìý

    •ÌýÌýÌýÌý obtaining a pre-approval from the mortgage broker

  4. Ìý

    •ÌýÌýÌýÌý choosing a property (usually with the real-estate agent)

  5. Ìý

    •ÌýÌýÌýÌý making offers to purchase property

  6. Ìý

    •ÌýÌýÌýÌý closing the deal

Every

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