questions from Canadians planning to move to MB...

jp233 · **Joined:** Sat Sep 19, 2009 11:34 am **Posts:** 2

New to the board and could not find answers to my questions so I hope somebody can help.

We are thinking of taking advantage of soft market and buying a condo in Myrtle Beach this fall. Here are some of our questions:
1/ Are the property taxes higher for Canadians? What are they?
2/ Any other issues a foreigner has to consider?
3/ Any areas of Myrtle Beach we should avoid?

As we are new to the idea of owning a property outside of Canada, any hints will be appreciated.

Thanks
Jack and Margaret

docdvm · **Joined:** Wed Jul 23, 2008 7:57 pm **Posts:** 18

We purchased last November. Taxes are reasonable and costs are below what you pay in Canada albeit higher than a resident. . Only true concern is tax withholding when you sell.

Dede · **Posted:** Wed Sep 23, 2009 10:43 am

This book may be a worthwhile investment for Canadians. I've heard too many stories about lack of financial planning and getting hit by CRA....

http://www.chapters.indigo.ca/books/Sou ... eal+Estate

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