Buying a Home

Purchase Information – Easily and quickly start your file here

Congratulations on buying a home! .   Sherry Anderson and her staff would be pleased to assist you.  Start your home purchase easily and quickly with us by providing the information below and sending it to our office electronically.  More importantly, if you have any questions or concerns or would rather start your file with a simple call to our office, please phone us at 250-635-5988.

Complete this form only if you already have a signed Contract.  If you do not yet have a signed contract then complete the Start-A-File Form “Contract Preparation”

    PURCHASER INFORMATION: (Use this form if you have a signed Contract already)

    Name of Person Completing Form (required)
    Phone Number (required)
    Email Address (required)

    A. BUYER INFORMATION:

    Buyer One Information

    IMPORTANT: Provide your FULL LEGAL NAMES including first, middle and last names as set out on your non-expired government identification such as a valid driver's licence or passport. Do NOT use initials, abbreviations or skip middle names. Ensure that spelling is correct before submitting form as this information is used to prepare all necessary documentation. If names DO NOT match your government identification at your appointment signing then ALL documentation prepared by our office may need to be revised which could delay your closing.

    First Name
    Middle Name(s)
    Last Buyer Name
    Corporation Name (Insert here if title going in Company name)

    Have you checked the spelling of the above names for accuracy? (required) YesNo

    Email Address
    Current Mailing Address
    Occupation/Job Title
    Social Insurance Number (Do not skip)
    Date of Birth (yyyy/mm/dd)
    Home Phone
    Work Phone
    Mobile Phone

    What is your citizenship? (Select which applies)

    Canadian Citizen?
    YesNo
    Permanent Resident?
    YesNo
    If NEITHER, of what country are you a citizen?

    Will you be living in the Property you are purchasing? YesNo

    Will your mailing address be the civic address of the property you are buying? YesNo

    (If "NO" provide mailing address in box below. This will be the address that your annual tax notice will be sent to and the address shown on the documented prepared by my office)

    Do you have a Spouse or Common-law Partner that is not going on title? YesNo
    (Common-law means an individual that you have cohabited with in a marriage-like-relationship for the past two years)
    If Yes, provide the full legal name of the Spouse or Common Law Partner (do not skip):


    If Nisga'a, have you applied for a Nisga'a Grant? YesNoN/A - Not Nisga'a

    Buyer Two Information

    Is there a Second Buyer going on title? (Selection required)

    If there is NO Second Buyer proceed to section "B LAND OWNER TRANSPARENCY REGISTRY"

    Buyer Two

    First Name
    Middle Name(s)
    Last Name
    Corporation Name (Insert here if title going in Company name)

    Have you checked the spelling of the above names for accuracy? (required) YesNo

    Email Address
    Current Mailing Address (Insert if different from above)
    Occupation/Job Title
    Social Insurance Number
    Date of Birth (yyyy/mm/dd)
    Home Phone
    Work Phone
    Mobile Phone

    What is your citizenship? (Select which applies)

    Canadian Citizen?
    YesNo
    Permanent Resident?
    YesNo
    If NEITHER of country are you a citizen?

    Will you be living in the Property you are purchasing? YesNo

    Will your mailing address be the civic address of the property you are buying? YesNo

    (If NO, provide mailing address in box below. This will be the address that your annual tax notice will be sent to and the address shown on the documents prepared by my office)

    What is your Relationship to First Buyer? (Selection Required)
    If Other, briefly describe

    Do you have a Spouse or Common-law Partner that is not going on title? YesNo
    (Common-law means an individual that you have cohabited with in a marriage-like-relationship for the past two years)
    If Yes, provide the full legal name of the Spouse or Common Law Partner (do not skip):


    If Nisga'a, have you applied for a Nisga'a Grant? YesNoN/A - Not Nisga'a


    Additional Buyers

    Are there more than two Buyers going on title to the property? YesNo

    If No go to Land Owner Transparency Registry(If Yes, provide details below)

    Additional Buyer's Full Legal Name
    Occupation
    Social Insurance Number
    Date of Birth (yyyy/mm/dd)
    Additional Buyer - What mailing address do you want registered on title?
    Additional Buyer's Full Legal Name
    Occupation
    Social Insurance Number
    Date of Birth (yyyy/mm/dd)
    Additional Buyer - What mailing address do you want registered on title?

    Insert any additional buyers or information here:

    B. LAND OWNER TRANSPARENCY REGISTRY

    The BC Land Owner Transparency Registry launched November 30, 2020, and as of this date, new transferees of an interest in land (including corporations, trustees and partners that own land in B.C. are now required to file with the registry. The purpose of this registry is to disclose and "legal" and "beneficial ownership" of land. The legal ownership of property is simply the person or persons registered on title which has no real value to it. The legal owner is not the true owner; he/she simply hold the title for the beneficial owner. Beneficial ownership is what is referred to as "actual" ownership (i.e. the person who is entitled to the benefits of the Property. For example, a beneficial owner has the right to the sale proceeds on the sale of the property.

    If a Corporation is purchasing skip "Individual" and proceed to "Corporation"

    Buyer One - Land Transparency (Select which applies)

    Transparency First Buyer Name

    I will be both a legal and beneficial owner? Yes

    I will be an legal owner only? Yes

    If a LEGAL owner only:

    I am only going on title at the request of the Lender so I can guarantee the mortgage. YesNoOther

    If Other, explain:

    Buyer Two- Land Transparency (Select which applies)

    Transparency Second Buyer Name

    I will be both a legal and beneficial owner? Yes

    I will be an LEGAL owner only? Yes

    If a LEGAL owner only:

    I am only going on title at the request of the Lender so I can guarantee the mortgage. YesNoOther

    If Other, explain:

    Additional Buyer Transparency Registry(Select which applies)

    Transparency Additional Buyer Name

    Additional Buyer will be both a legal and beneficial owner? Yes

    Additional Buyer will be a legal owner only? Yes

    If a LEGAL owner only:

    Additional Buyer is only going on title at the request of the Lender to guarantee mortgage. YesNoOther
    If Other, explain:

    Additional Buyer Information insert here if needed:

    CORPORATION

    Corporate Buyer- Transparency Registry

    For buying corporations once all conditions are removed from you contract, please provide from the Corporate Record Book copies of the following: (1) Notice of Articles; (2) Articles of Incorporation (3) Register of Directors and (4) Central Securities Register

    I acknowledge that I will provide the above documents upon removal of all conditions? YesNoN/A


    DIRECTOR INFORMATION

    First Director

    First Name
    Middle Name(s)
    Last Name
    Mailing Address of Director
    Social Insurance Number
    Date of Birth (yyyy/mm/dd)

    Second Director

    First Name
    Middle Name(s)
    Last Buyer Name
    Mailing Address of Director
    Social Insurance Number
    Date of Birth (yyyy/mm/dd)

    List ALL further directors and corporate interest holders below: (Interest Holders hold 10-25% of the Corporations Equity or Voting Shares)

    (Names of Directors/Interest Holders/DOB/SIN and Mailing Address)

    C. PROPERTY INFORMATION:

    Type of real estate you are buying? (Select which one applies)

    Address of Property being Purchased
    Purchase Price
    Completion Date (Do not skip):
    Possession Date
    Subject Removal Date

    Which Buyers will be living in the Property? Select which one applies)

    If other, explain

    Indicate the water system the premises uses? (Select which one applies)

    If water system for the premises is river/stream or lake, is there a water license? (Select which one applies - Do not skip)

    If water system for the premises is river/stream or lake provide Water License No (if known) or name of river/stream or lake:

    If water source is a well, river/stream or lake was a water potability test done? (If yes, provide copy to our office) YesNo

    Indicate the sanitary system the premises are connected to? (Select which one applies)

    Additional Information:

    D. GOODS AND SERVICE TAX (GST):

    Generally speaking used residential property is exempt from the GST unless it has been substantially renovated. Commercial property, new construction or substantially renovated residential property (made brand new) are generally subject to GST. Vacant Land may or may not be subject to GST depending on the circumstances. GST is normally payable by the Buyer. If un are unsure whether GST applies in this transaction or not select "unsure" below and the Notary will contact you with respect to same.

    1. Please select one of the following below:

    2. If the Property being purchased is subject to GST are you registered with the Canada Revenue Agency for GST? YesNoN/A

    3. If you are registered for GST, provide your GST Registration No:

    Additional GST Remarks:

    E. GENERAL PROPERTY TRANSFER TAX INFORMATION:

    General Property Transfer Tax. With some exceptions, General Property Transfer Tax is payable where there is a transfer of real property. The tax is charged on the fair market value of the property at the rate of 1% on the first $200,000; 2% on the portion of the fair market value greater than $200,000 and up and including $2,000,000; and 3% on the portion of the fair market value greater than $2,000,000.

    If you're a foreign national or foreign corporation and the residential property is located in the Greater Vancouver Regional District, you also pay the 15% additional property transfer tax on the fair market value of your proportionate share.

    F. FIRST TIME HOME BUYER EXEMPTION:

    The First Time Home Buyers' Program reduces or eliminates the amount of the General Property Transfer Tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax. This exemption doesn't apply to the "additional property transfer tax" on residential transfers to foreign nationals or foreign corporations. In order to qualify as a First Time Home Buyer you:

    1. Must be a Canadian Citizen or Permanent Resident;
    2. Must have resided in the Province of British Columbia for at least one year immediately prior to the Completion Date; OR have filed Income Tax Returns in British Columbia for at least two of the last six taxation years immediately prior to the Completion Date;
    3. Must not have previously owned an interest in a principal residence at anytime, anywhere in the world;
    4. Have never received a first time home buyer's exemption or refund;
    5. The fair market value of the property must not be more than $500,000
    6. Must be living in the property within 92 days of the Completion Date; and
    7. The property must be 0.5 hectares (1.24 acres) or smaller;

    You may qualify for a partial exemption from the tax if the property:

    a. has a fair market value less than $525,000;
    b. is larger than 0.5 hectares; and
    c. has another building on the property other than the principal residence;

    Note: If you owned or have owned a manufactured home in a manufactured home park this will not disqualify you from being a First Time Home Buyer.


    First Time Home Buyers:

    Is the First Buyer a First Time Home Buyer? YesNoUnsure (If Yes, complete this section)

    First Buyer's Name
    Comments, if required
    Address 1 for the Past 2 Years
    Length of time
    Address 2 for the Past 2 Years
    Length of time

    Have you ever owned a principal residence at any time at any place in the world? YesNo

    Have you resided in BC for the past 12 consecutive months?YesNo

    If No, did you file income tax returns for TWO of the last six taxation years in BC? YesNo

    If yes, please provide the taxation years:  

    If FTHB, have you applied for the "First-Time Home Buyer Incentive Program" with Government of Canada? YesNo


    Second Buyer

    Is the Second Buyer a First Time Home Buyer? YesNoNA - Only One Buyer on title

    Second Buyer's Name
    Comments, if required
    Address 1 for the Past 2 Years
    Lenth of time
    Address 2 for the Past 2 Years
    Lenth of time

    Have you ever owned a principal residence at any time at any place in the world? YesNo

    Have you resided in BC for the past 12 consecutive months?YesNo

    If No, did you file income tax returns for TWO of the last six taxation years in BC? YesNo

    If yes, please provide the taxation years:  

    If No, did you file income tax returns for TWO of the last six taxation years in BC? YesNo

    If a FTHB, have you applied for the "First-Time Home Buyer Incentive Program" with the Government of Canada? YesNo

    List any additional First Time Home Buyers here if needed;

    G. TITLE TENANCY INFORMATION:

    If only ONE Buyer will be registered on title select "N/A" and skip this section: N/A

    If there is more than one Buyer, you have the option of being registered on title in one of two ways:

    As Joint Tenants:

    In the case of death of one of the Joint Tenants, the deceased's interest in the property does not form part of his or her estate but is transmitted to the surviving Joint Tenant(s) pursuant to the common law of right of survivorship.

    As Tenant's-in-Common:

    In the case of death of one of the Tenants-in-Common, there is no right of survivorship and the deceased's interest in the property forms part of the deceased's estate and will be dealt with in accordance with the deceased's Will or if there is no Will according to the laws of intestacy.

    Based on the above, specify how you wish to hold title? As Joint TenantsAs Tenants-in-Common

    Additional Title Remarks:

    H. REALTOR PREPARED CONTRACT INFORMATION:

    Do you have a realtor assisting you with your purchase? (Selection Required) YesNo
    (If yes, please instruct your realtor that my office will be acting for you in this transaction and ask them to forward the contract to my office as soon as ALL conditions have been removed)

    Realty Company
    Name of Realtor
    Realtor Phone
    Realtor Email (if known)

    Have all conditions been removed in your Contract?

    I. BUYER OR SELLER PREPARED CONTRACT (Skip, if question K above is answered Yes):

    Do you have a signed Contract? (Selection Required) YesNo
    (Please provide my office with a copy of your signed Contract by faxing to 250-635-5926 or emailing to info@sherryanderson.ca If you do NOT have a signed Contract please STOP and complete the "Start-A-File-Form "Contract Information" form)

    Who prepared the Contract? Seller Prepared ContractBuyer Prepared Contract

    Seller's Phone
    Seller's Email (if known)

    Have all conditions been removed in your Contract?


    MONIES PAID TO SELLER

    Have you paid any monies to the Seller? YesNo

    If Yes, what was the amount that you paid?

    J. FINANCING INFORMATION:

    If applying for a mortgage the Lender will require that ALL Buyers going on title to the property MUST also go on the Mortgage and be part of the mortgage application. You must advise your Lender immediately if has not been done at the time of applying for mortgage approval)

    Lender

    Will you be obtaining Mortgage financing? (selection required) YesNo (If Yes, please complete this section)

    Lender Name
    Lender Branch
    Name of Loans Officer
    Loans Officer Phone

    Mortgage Broker

    Are you using a Mortgage Broker? (selection required) YesNo

    Name of Mortgage Broker
    Broker Company
    Broker Phone
    Broker Email

    (Note: Please advise your lender or mortgage broker that my office will be acting for you in this transaction. The lender will then forward the mortgage instructions to my office)

    K. GUARANTOR/CO-SIGNOR (Select)

    Will you have a Guarantor or Co-signor for your mortgage? (selection required) YesNo ( If yes, please complete this section.)

    (Note: Guarantors/Co-Signors/Covenantors are not registered on title to the property as "owners. They simply guarantee payment of the mortgage monies and give their personal promise to pay which can be sued upon. HOWEVER, many Lenders require the guarantors/co-signors to go on title to the Property rather than sign a Guarantee. Check with your Lender. If your Lender requires the co-signors/guarantors to go on title then provide their information as "Additional Buyers" and stipulate the reason that they are required to go on title)

    First Guarantor

    Full Legal Name
    Relationship to Buyer(s)
    Home Phone
    Work Phone
    Cell Phone
    Email Address, if any
    Mailing Address
    Date of Birth
    Social Insurance Number

    Second Guarantor

    Full Legal Name
    Relationship to Buyer(s)
    Home Phone
    Work Phone
    Cell Phone
    Email Address, if any
    Mailing Address
    Date of Birth
    Social Insurance Number

    Additional Guarantor/Co-Signor information

    L. HOUSE/FIRE INSURANCE

    (If purchasing an Unit in a Strata Complex, the Strata Corporation generally insures the Building (some exceptions will apply). Accordingly, if buying Vacant Land or a Unit in a Strata Complex select "N/A" and skip this section N/A

    When obtaining a mortgage lenders will normally require a replacement cost policy of fire insurance in place on the buildings. Fire Insurance must be in effect for the completion date or the lender will not advance the mortgage funds.

    Insurance Agent (Do not skip)
    Branch (i.e. Street/City)
    Insurance Agency Phone
    Insurance Agency Fax and/or email

    M. RENTER INFORMATION:

    1. Are YOU the Buyer currently living in the property you are buying? (selection required) YesNo

    2. Are there OTHER EXISTING Tenants currently living in the property you are buying? (selection required) YesNo
    3. If Yes will the OTHER EXISTING tenants be remaining in the Property on Completion YesNoN/A

    If YES to either 1, 2 or 3 above, please provide the following information:

    Rent Amount
    Rent Due Date (i.e. 1st of the month)

    Was a damage deposit paid by the renter? YesNoDon't Know (If unknown Buyer to inquire and then advise office)

    Amount of damage deposit. if known
    Date damage deposit taken (if known):

    Was a Pet deposit paid by the renter? YesNoDon't Know (If unknown Buyer to inquire and then advise office)

    Amount of pet deposit
    Date pet deposit taken (if known):

    Is there a written Tenancy Agreement for the EXISTING tenants: YesNoDon't Know - Please Call Seller to inquire
    (Provide my office with a copy of ALL written tenancy agreements and whether there are written tenancy agreements once known )

    Rental Remarks, if any

    N. TRAVEL PLANS:

    Do you have any travel plans prior to the Completion Date? (selection required) YesNo

    (If yes, please explain)

    O. ADDITIONAL IMPORTANT INFORMATION: N/A

    Provide any other additional information you feel may be important

    (Note: If you are selling property at the same time as you are purchasing, please also complete the "Sale Form" under Start-a-File)
    A staff member will contact you shortly after submission of this form. Should you have any questions or concerns, please do not hesitate to call my office at: 250-635-5988.