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Frequently Asked Questions
We specialize in pre-construction, residential, commercial, and investment property transactions, offering expert guidance on buying and selling.
The Registration Act, 1908, the Transfer of Property Act, 1882 and the Real Estate (Regulation and Development) Act, 2016 mandates the registration of an agreement for sale of an immovable property. By registering the agreement for sale of an immovable property, it becomes a permanent public record. Further, a person is considered as the legal owner of an immovable property only after he gets such property registered in his name.
While it’s not mandatory, hiring a real estate agent can help you market your property, negotiate offers, and manage paperwork efficiently.
If the property is your primary residence, you’re exempt from capital gains tax. For investment or secondary properties, 50% of the capital gain is taxable.
A mortgage pre-approval confirms how much a lender is willing to lend you, based on your income, credit score, and financial situation. It helps set a realistic budget and strengthens your offer when buying a home.
The average closing period ranges from 30 to 90 days, depending on the terms agreed upon by the buyer and seller.
Yes, but as of January 1, 2023, there is a temporary ban on foreign buyers purchasing residential property in Canada for two years. Some exemptions apply to specific individuals and circumstances.