Your #1 Income Property Resource.

 No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information

 Welcome to! Visit the Real Estate Investing Forums.

Real Estate Articles 
 Real Estate 
 Second Home
 Success Stories
 Real Estate Q & A
 Real Estate News
 Real Estate Law & Policy
 Money Making Ideas
 Home Improvements
 Tax and Insurance
 Appraisal and Inspection
 Log Homes
 Mobile Homes
 Home Buyers
 Constructions and Home Buildings
 Real Estate Investing 
 Vacation Home
 Rental Property
 Preconstruction Investment
 Marketing Secret
 Joint Venture
 Land Investment
 Lease Purchase
 Probate Real Estate
 Real Estate Clubs
 Short Sales
 No Money Down Investing
 Fixer Uppers
 Resort Home
 Loft Apartment
 Property Development
 Tax Incentives
 Investing Strategy & Tips
 Real Estate Wholesale Property
 How To Articles
 Subject To
 Real Estate Books
 Apartment Investing
 Commercial Real Estate
 Residential Property
 Hotels and REITs
 1031 Tax Deferred Exchange
 Investment Property
 Real Estate Advanced Techniques
 Trust Deed Investments
 Creative Home Buying
 Wholesale Real Estate
 Real Estate Auctions
 Tax Lien Certificate
 HUD Homes
 Real Estate Regional USA
 Austin, Texas
 Colorado Springs
 Reno, NV
 Market Analysis
 Property Management
 Condo Conversion
 real estate guru
 Bank Foreclosure
 VA Homes
 Buy To Let
 Rent to Own
 Tax Deed
 Stop Foreclosure
 Retirement Planning
 Real Estate Investors
 International Real Estate
 United Kingdom
 Real Estate Seminars
 Condo Hotel Investments
 NNN Properties
 real estate notes
 Real Estate Education
 REO Properties
 Life Estate
 Income Properties
 Mortgage and Finance 
 Mortgage Leads Generation
 Mortgage Leads - Leads Mortgage
 Mortgage Marketing
 Creative RE Financing
 Hard Money Lender
 Debt Consolidation
 Income Property Financing
 Home Equity
 Credit Repair
 Mortgage Tools
 Home Construction Loan
 Commercial Loans
 Owner Finance
 Private Lenders
 Discounted Notes
 Assumable Mortgages
 Seller Financing
 Equity Lines of Credit
 Real Estate Pros 
 Real Estate Agent and Broker
 Mortgage Agent and Broker
 Real Estate Marketing
 Real Estate Consultant
 Real Estate Resources 
 Mortgage Foreclosure Example
 Mortgage Origination forms
 Property Transfers
 Tenancy Agreement and Form
 Internet and Online

Real Estate Investing : International Real Estate : Canada Last Updated: May 14th, 2012 - 22:24:01

How to Buy Real Estate in Canada?
Email this article
 Printer friendly page

Canada being a developed North American country has a well defined and mature process when it comes to buying real estate. Like the United States, much attention and focus is given to protecting the rights of both the buyer and the seller. While at times this can result in excessive documentation, buyers must remember that following the process is in their interest. 

It is strongly recommended that those looking to buy real estate in Canada get themselves pre approved if they are seeking a loan to buy real estate. A pre approval not only provides the buyer an estimate of the loan they can qualify for, it also gives the seller the necessary confidence in the financial ability of the buyer. In addition, a buyer with a pre approved loan can now focus on the properties that are in line with their budget rather than spending time and money on finding properties which later turn out to be beyond their financial capacity.

A good place to start for a buyer of real estate in Canada is to find a licensed real estate agent. A licensed real estate agent who understands the budget and the kind of house the buyer is looking for can more often than not find properties which are hard to find otherwise. A licensed real estate agent can also help a buyer of real estate property prepare and submit purchase offer, negotiate with the seller or the seller¡¯s agent and help ensure that the entire process is smooth and transparent to the buyer. In addition to a real estate agent, a buyer of real estate in Canada will also need the services of a lawyer or a notary if the buyer is purchasing the real estate in Quebec. The lawyer (or the notary) will ensure that all the processes are followed and help ensure the legal interest of the buyer of the real estate. 

After identifying the property, the next step in the process is to furnish a legal document to the seller known as an ¡®Offer to Purchase¡¯ or ¡®Agreement of Purchase and Sale¡¯. If the buyer has a real estate agent or a seller, they will prepare the document for the buyer and ensure that the terms and conditions stated in the document along with the price are what the buyer and the seller had agreed to. Typically, the document undergoes several revisions as the seller and the buyer review it to ensure their interests are honored in the document. Once the terms and conditions have been agreed, the agreement becomes final.

The buyer of real estate in Canada should be cognizant of the costs involved in buying a property. Listed below are some of the costs that the buyer has to incur:

o Mortgage insurance and loan application fees 
o Appraisal fees 
o 5% deposit that is typically paid when an offer to purchase is accepted 
o Down payment of around 25% less the 5% deposit 
o Home inspection fee 
o Land and deed registration fees 
o Prepaid property tax refund 
o Home insurance 
o Survey costs 
o Legal fees 
o Title insurance 

The last and final step in the process is closing of the escrow. On this day, the transaction is completed and ownership transferred to the buyer. The buyer can now have the title deed registered in their name.

You can now search rental property and investment property in Canada.


Do you own real estate articles or stories and want to share with other investors? 
You have chance to win
$100 Amazon Gift Certificates. We will give away 3 prizes for top authors each month!

Email your articles or stories to:


© Copyright 2001 - 2010 by            Page copy protected against web site content infringement by Copyscape   



Visit Real Estate Forums for every real estate investing topics!  Enter Here


Top of Page

Home Courses Real Estate Forms Income Properties For Sale Forums CalculatorReal Estate Education    

Copyright © 2001 - 2010, All Rights Reserved. Privacy Policy in Observance.