yeah i am also in same situation...Its race against time now for me as i dont want get in another 1 yr lease and pay 2300/2400 rent when i am ready to buy but cant without CoPR...its so frustrating
yeah i am also in same situation...Its race against time now for me as i dont want get in another 1 yr lease and pay 2300/2400 rent when i am ready to buy but cant without CoPR...its so frustrating
Man, I totally feel you. I'm in the same situation and I don't accept losing money like this anymore. Not considering all the other life goals you may have (starting a company, ... )Its race against time now for me as i dont want get in another 1 yr lease and pay 2300/2400 rent when i am ready to buy but cant without CoPR...its so frustrating
With everything completed and biometrics refunded. A biometric refund is a kind of countdown to complete your file. I strongly feel that your COPR is coming soon.everything is passed for me since more than a month. Eligibility, security, criminality since october....
Yes, you are too so close buddy. Hope for the best.Well my every step is passed and i got ny refund on November 13. Right after a month of exemption.
Lets see what happens next.
Thanks alot. I am May 6 AOR. So lets see how it goes.Yes, you are too so close buddy. Hope for the best.
The way I am seeing this trend, March/April AOR's have a good chance this and next week.
You can claim the foreigner property tax after getting PR.Its race against time now for me as i dont want get in another 1 yr lease and pay 2300/2400 rent when i am ready to buy but cant without CoPR...its so frustrating
What is that and How does it work "foreigner property tax after getting PR" ? ThanksYou can claim the foreigner property tax after getting PR.
Buy what ? Just show the bank your ITA and AOR and as long as they see that you have shown interest on staying they can get you the mortgage... If that’s what you meant.Its race against time now for me as i dont want get in another 1 yr lease and pay 2300/2400 rent when i am ready to buy but cant without CoPR...its so frustrating
It's not about the mortgage, it's the "non-resident speculation tax" which applies to anyone non-PR or citizen buying real estate in GTA, Kitchener... It's 15% of the property valueBuy what ? Just show the bank your ITA and AOR and as long as they see that you have shown interest on staying they can get you the mortgage... If that’s what you meant.
really, I had no idea about this. So what you’re telling me is that if I bought a 100k house I would be paying 15k taxes if I was not a permanent resident when I bought the house ?!It's not about the mortgage, it's the "non-resident speculation tax" which applies to anyone non-PR or citizen buying real estate in GTA, Kitchener... It's 15% of the property value
True, but first you need to pay an additional 15% on top of the real estate price. Given Ontario real estate market 15% is going to be at least 100k, and then you need to wait to get it backYou can claim the foreigner property tax after getting PR.
Correct. However, if you buy a house where the non-resident speculation tax applies you are going to pay 15% on way more than 100k (more likely 700k at least due to the real estate prices )really, I had no idea about this. So what you’re telling me is that if I bought a 100k house I would be paying 15k taxes if I was not a permanent resident when I bought the house ?!
Thanks for the info, I just did my research and such tax applies only to the Greater Golden Horseshoe Region. Luckily enough I don’t live in this region, so I figured Im exempt.Correct. However, it is more likely that if you buy a house where the non-resident speculation tax applies you are going to pay 15% on way more than 100k (more likely 700k at least due to the real estate prices )