In Quebec, the property transfer duties is a tax that all municipalities must collect from the new owner (buyer) of a property.
Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.
One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.
The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.
Need the form?
The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.
The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.
Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!
See our All about buying section.
Owners’ comments
Just beautiful! Scenery and escape guaranteed!
L'île du Survenant has an area of 74,800 square meters (7.5 hectares) is the common name given to lot 467 of the cadastre of the municipality of La Visitation-de-Dupas Island, owned by Louis Drainville. The common name derives from the filming of "The Outlander," in part performed on the island. This Island "spring" is located in an agricultural area in the floodplain of Lake Saint-Pierre in the St. Lawrence River.
Price $110,000.00
Approximately 90% of the area is forest (woodland and planting) and about 10% is marshy. Ideal for a group of hunter and fishermen friends. Possibility to build a forest shelter (hunting and fishing camp) with a permit from the CPTAQ
NB The island is the subject of a voluntary conservation agreement that the buyer will commit to sign before a notary. The island is ideal for picking fiddleheads and fishing (mainly in spring). Hunting waterfowl and hunting for white-tailed deer can be enjoyed. Potential of approximately 500 to 1000 cuts is possible for the artisanal production of maple syrup (maple silver). Accessible by land and water preferably. A paradise getaway for nature lovers.
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