Information
Buyers will discover that it is very easy to purchase real estate on Manitoulin Island.
All negotiations are done in Canadian dollars so non-residents of Canada may find The XE.com Universal Currency Converter useful. For your convenience, each detailed listing on this site also has a quick UCC conversion link.
The purchasing procedure is as follows:
1. Locate a desirable property.
2. Make an offer on paper with the assistance of the real estate agent. This can be done in person, by facsimile, by email and especially, by using digital signing with DocuSign. Electronic transfer of funds such as the Deposit are also used.
3. Retain an Ontario lawyer to complete the transaction once an agreement has been reached.
4. Transfer funds to your Ontario lawyer. This can be done without having to return to Manitoulin Island. The final cost will be greater than the purchase price due to lawyer's fee, title searching fees, registration fee, transfer tax and other outlays. The transfer tax is 0.5% on the first $55000; 1.0% on portion between $55000 and $250000; 1.5% on balance over $250000
The following list of telephone numbers will connect you to almost everyone that could be involved directly or indirectly with your research should you not be using the services of a real estate salesperson.
Financial Institutions
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Bank of Montreal |
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Gore Bay Little Current Mindemoya |
705 282 2490 705 368 2260 705 377 5391 |
TD Canada Trust |
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Little Current | 705 368 3110 |
Municipal Offices
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Burpee - Mills Gordon / Barrie Island Gore Bay Billings N.E.M.I Assiginack Tehkummah Central Manitoulin |
205 282 0624 705 282 2702 705 282 2420 705 282 2611 705 368 3500 705 859 3196 705 859 3293 705 377 5726 |
Manitoulin Real Estate Lawyers
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Brad Allison
Janelle
Proulx
Joseph Santoro |
705 282 3241
705 377 4533
519 464 384 |
Others
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Manitoulin Planning Board |
705 282 2237 705 282 2442 705 377 4774 705 377 5384 705 674 3171 705 368 2221 705 869 5792 705 368 3021 866 296 6722 416 585 6666 800 263 7965 800 267 5177 800 461 9999 888 242 2100 800 567 6868 866 290 3731 800 622 6232 877 817 6636 800 668 2746 |