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Purchasing Information

Purchasing

 

Our sales personnel will be happy to assist you in making your offer. Contact our office by phoning  (604) 606-7900  or e-mail sales@niho.com. Please note that all property sales are on a first come, first served basis.

We require a formal written offer to purchase the property, and our acceptance, before we will remove the property from the market for you. The purchaser is responsible for the transfer of title. We can provide you with a list of local lawyers or notaries who can convey title for you.

 

Taxes

The Government of Canada may charge a one time 5% goods and service tax on the purchase price of the property.

The Government of B.C. charges a one time property purchase tax on all real estate transactions. This tax is 1% on the first $200,000 and 2% on all portions beyond $200,000.

Annual property taxes are due in early July of each year. In the year of purchase, these taxes are apportioned according to the number of days you actually own the property. For example, if you bought the property on July 15, 2019, you would have to pay only 196/365 of the 2019 property taxes.

Foreign Ownership

There are no restrictions or penalties for non-resident owners of land within the Province of British Columbia.

Prices

All prices mentioned in this web site are in Canadian funds and are subject to change without notice. NIHO reserves the right to remove or hold a property from the market at any time, without notice.