Looking To Buy Real Estate in Kelowna?
Browse listings and contact Craig Cook to purchase your dream home.
Your Kelowna real estate expert
I have a passion for real estate. Started in the real estate industry to pay for college working as a bookkeeper for a real estate investment firm. Working with the investment firm opened the real estate world to me and created a passion to learn all about real estate. Being results driven I started a home staging business to help clients present their properties for optimal exposure. Working in the staging business for over a decade I realized I wanted to offer my clients a full service real estate package and deliver the results they were looking for and became a real estate agent. I am here to help you with all your real estate needs.
Buying Real Estate in Kelowna
The bottom line is that buying real estate in Canada is very easy. From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that you can still open a bank account and buy property, etc. If you plan to live in Canada for more than 6 months per year, you must apply for immigrant status.
Selling Real Estate in Kelowna
Selling your home can be a stressful experience but it doesn’t have to be.
When a non-resident sells Canadian real estate, he/she is required to pay the appropriate amount of taxes on any capital gain. The normal Canadian tax rates will be applied to 50% of the gain. However, a non-resident is required to pay an estimate of the tax before the sale, an amount equal to 25% of the gain.