Canada REAL ESTATE MORTGAGE LOANS BANKS
BUYING PROPERTY IN CANADA

Canadian laws permit to buy property in Canada as its residents and citizens of other states on an equal footing, with few exceptions, relating to recreational areas. However, foreign nationals, unless they can prove that it will soon go to live in Canada, are not able to obtain preferential loans from banks to purchase real estate. This is due to the fact that the Canadian bank can not control or otherwise influence a citizen of another country. In principle, you may receive credit for purchased housing in some financial institutions in Canada, specializing in real estate. But as a rule, in these organizations is the percentage of fees for the loan is much higher.
Share of housing or businesses acquired in Canada by foreign nationals, including citizens of Russia, is quite high. Basically, get the house as a safe investment, and leases it to the expense of rent to pay loans and the cost of maintaining the house. If necessary, the person who buys a house or business, can not obtain a business immigration, moving to permanent residence in a quiet and cozy Canada, and begin to live in already available at home.
Buying real estate in Canada, except for real estate value and the aggregate value of bank interest rates on the loan the buyer also has the additional costs, namely:
• - Payment of counsel
• - Payment of real estate agents
• - Payment of financial brokerage (if necessary)
• - Fee for registration of ownership and registration of credit
• - Insurance credit (if credit is taken for payment of more than 75% of the purchase price of real estate)
• - home insurance
• - Land Transfer Tax - State, one-time fee, calculated according to the value of real estate
• - The cost of technical inspection of the house (if the buyer decides to conduct such an inspection)
• - The cost of connection to public utilities such as gas, electricity, water, telephone, cable.
• - The cost of transportation of furniture and things and stuff.