PDA

View Full Version : Commercial property Questions



Dren
05-15-2006, 08:41 AM
anyone know where i can find information on purchasing Commercial propertyin alberta..

If you pay tax, when u buy..?

and any other info thats involved, thats different than purchasing a residential property



thx !

Toma
05-15-2006, 10:48 AM
Commercial is fun....

New developments you pay GST.

Mortage wise, you need 30 to 35% down.

If its an older building/property, make sure you have an environmental done.


For links, listings and some info.... try here... http://www.icx.ca/ICXIndex.aspx

Dren
05-15-2006, 10:58 AM
Originally posted by Toma




If its an older building/property, make sure you have an environmental done.


For links, listings and some info.... try here... http://www.icx.ca/ICXIndex.aspx
thanks , what do you mean, have an enviromental done.??

D. Dub
05-15-2006, 05:15 PM
He means that commercial property needs an environmental assessment done so you know that it hasn't been used for industrial uses that has left behind toxic material.

What kind of property are you looking to buy?

I do commercial mortgage financing so PM if you need any help :thumbsup: