Note – these calculators are for residential properties only. They are not meant for commercial properties, in particular those over $3,000,000. We will soon have a calculator for commercial properties, but it is not included below.
The first calculator is what we call our standard calculator. This is to be used if the Buyer is not a First Time Home Buyer, or if they are purchasing a used home, not a new one.
The second calculator is to be used if the Buyer is a First Time Home Buyer. Just a reminder, a FTHB means the Buyer
The third calculator is to be used if the Buyer is purchasing a Newly Built Home. To qualify for this exemption, the following criteria must be met:
The property must be newly built, as defined in the legislation