Previous ownership of property

What do you need to know?

If a purchaser's name has been on title or registration for any property inside or outside of Canada, they have previously owned property. This means that they are ineligible for the first time home buyer land transfer tax rebate.

Why does it matter to Ownright?

We collect and distribute all funds related to the property transaction and this includes land transfer tax. If a purchaser is eligible for the first time home buyer land transfer tax rebate, this will reduce the amount of land transfer tax they owe and therefore the amount we will need to collect. As previous property ownership is a key factor in determining your eligibility, it is information we need to collect.