Lakeshore & Parklawn Devs
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Overview
The expanding cluster of high-rise residential towers in Toronto's Humber Bay area.
Building/Community Amenities
- Bike Storage & Repair
- Business Center / Co-working Space
- Clubhouse / Resident Lounge
- Fitness Center / Gym
- Gated Community
- Jogging / Biking Trails
- Near Public Transportation
- On-site Retail / Shops
- Park
- Parking
- Party / Event Room
- Playground / Kids Play Area
- Pool
- Rooftop Deck / Terrace
- Sea / Ocean View
- Waterfront / River View
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreign Ownership: Generally, there are no restrictions for foreigners buying property in Canada, although some provinces impose specific taxes and regulations.
Tax Considerations
Property Taxes
property taxes depend on the municipal assessment of the property's value, generally ranging from 0
Transfer Tax
transfer tax, varying by province (e
Inheritance Tax
Capital gains tax applies to 50% of the gain at the seller's marginal tax rate, while rental income is taxed as regular income, subject to federal and provincial tax rates
Important Considerations
Restrictions
- Foreign Ownership: Generally, there are no restrictions for foreigners buying property in Canada, although some provinces impose specific taxes and regulations.
Required Documents
Financing Options
Financing Options
Financing in Canada
Canada offers a robust range of property financing options for foreign buyers, making it a top choice for real estate investments. Typically, loan-to-value (LTV) ratios for foreign buyers range from 65% to 75%, depending on the lender and the buyer's financial profile. Canada's stable economy, favorable mortgage rates, and transparent legal system make it an attractive destination for international property investors. With a variety of mortgage products available, buyers can tailor their financing to suit their investment goals, making Canada a promising market for real estate acquisitions.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income
- 3Recent bank statements
- 4Credit history report
- 5Minimum down payment of 35% to 50%
- 6Canadian bank account
- 7Letter of employment or financial reference
Popular Lenders
Contact Information
416) 637-0900
info.gta@mattamyhomes.com
Contact DeveloperMention property ID: Lakeshore & Parklawn Devs when contacting.