Kosta  Michalidis

Kosta Michalidis

Sales Representative

Better Homes and Gardens Real Estate Signature Service,

Mobile:
905-601-3377
Email Me
Kosta  Michalidis

Kosta Michalidis

Sales Representative

Better Homes and Gardens Real Estate Signature Service,

Mobile:
905-601-3377
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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905-601-3377

  

Work With Someone Who Knows Your Neighbourhood.

Kosta Michailidis has been a realtor for almost 20 years. He began his career with Royal Lepage Realty, and 15 years ago he joined the dynamic and fast-growing Better Homes and Gardens Real Estate organization.

Kosta’s hard work, respect, and great service earned him loyal and happy clients over the years. He helped hundreds of families purchase and/or sell homes in 
Mississauga, Oakville, Milton, Burlington and the Greater Toronto Area. 

In the last few years he gained a wealth of knowledge with high end luxury, custom built homes and luxury renovations in South Mississauga and Oakville. He specializes in buying tear down homes or vacant land, and transforming them into dream homes. He works closely with the finest builders, architects, designers and trades people.

He provides unparalleled marketing exposure, creates a vast network of connections, and ensures high-touch, 5-star service to a variety of clientele; first time home buyers, new residents to the area, investors, and sellers. He enjoys the people he helps immensely, and is greatly satisfied with the ultimate result of these 
partnerships.  

Kosta has lived in Mississauga for the past 30 years.  He lives with his wife and three children in Lorne Park.  In addition to speaking English, Kosta is also fluent in Greek, Arabic and Hebrew.

 
 
 

 



Designation: ABR

Specialty: Luxury homes, Custom build, Re-sale, urban homes, new construction, Condos

Experience: 20

Area Covered: Mississauga, Oakville, Toronto, Brampton, Milton, Greater Toronto and area, Halton, Niagara region, Georgetown

Languages Spoken: Arabic, Greek, Hebrew



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