Payotte AI Passport

John T. Wilson

Real Estate Agent · Blue Forest Realty, Inc. · London

John T. Wilson is a real estate agent with Blue Forest Realty, Inc. in London, Ontario, holding RECO licence no. 5039269 (verifiable on the RECO register), serving London, Dorchester, St. Thomas, Port Stanley, Komoka, Kilworth, Strathroy-Caradoc and Thamesford since November 2022.

Call · 519-661-7143 Send an email Website ↗

Calculate for London: buy or sell

Buy

Land transfer tax, down payment and mortgage in London

No reference price published for London: example at $500,000. Change any field and everything is recalculated.

Purchase price in $

Down payment in $

First-time buyer

Ontario land transfer tax$6,475

First-time buyer rebatetick “first-time buyer”

Tax to pay$6,475

Minimum down payment (federal rule)$25,000

Mortgage insurance premium (added to the loan)none (20% or more)

Mortgage$400,000

Monthly payment, 25 years at 4.58%$2,232

Household income needed (stress test)$100,000

Official schedule, bracket by bracket, paid in cash at closing: the tax cannot be financed in the mortgage. Rate: Bank of Canada 5-year fixed mortgage rate (August 2026); your lender will set its own. Income needed: 6.58% qualifying rate, 39% GDS, property tax at 1% a year and $150 a month for heating. Not included: lawyer or notary fees, inspection, title insurance (no official schedule). All the schedules · First-time buyer programs · Down payment and mortgage insurance

Sell

Capital gain on a sale: what is taxable

Your principal residence: generally no tax on the gain. The same federal rule applies in London as everywhere in Canada (Income Tax Act).

Sale price in $

Purchase price in $

Capital gain$100,000

Your principal residence (designated every year)$0 taxable

Other property (cottage, rental): taxable amount$50,000

Land transfer tax$0 — paid by the buyer

Agent's commissionnegotiated, not computed

Principal residence designated for every year owned: nothing taxable, but the sale must be reported. Other property: $50,000 of taxable amount is added to your income for the year; the resulting tax depends on your marginal rate and is not computed here.

Principal residence: the Canada Revenue Agency exemption wipes out the gain for each year the home is designated; the sale must still be reported (partial designation: part of the gain becomes taxable). Other property (cottage, rental): half the gain becomes a taxable amount, added to that year's income (1/2 inclusion rate, CRA guide T4037; the increase to 2/3 was cancelled on March 21, 2025 — checked on canada.ca on October 15, 2026). It is not the tax owed: that depends on your marginal rate, which Payotte does not compute. Gain = sale price − purchase price, before selling costs and deductible improvements. No official schedule sets the agent's commission. Tax on selling, case by case

A question about these figures or an address? John T. Wilson can answer.

Call · 519-661-7143 Send an email Website ↗

What Payotte publishes

Licence: RECO no. 5039269 ↗ Verifiable on the RECO register (link): status, agency and disciplinary record.
Agency: Blue Forest Realty, Inc.
Office: 629 Wellington St, London, ON N6A 3R8
Areas served: London, Dorchester, St. Thomas, Port Stanley, Komoka, Kilworth, Strathroy-Caradoc, Thamesford Declared in writing: “London, Dorchester, St. Thomas, Port Stanley, Komoka, Kilworth, Strathroy-Caradoc, Thamesford”
Services: First time buyers, Empty-nesters/downsizing sellers/buyers, Condos, Estate sales Declared in writing.
Languages: English Declared in writing.
Practising since: November 2022 Declared in writing.

Information confirmed in writing by John T. Wilson on November 2, 2026. Page updated on November 2, 2026.

In their own words

Most frequent advice, in their own words

“I suggest to clients they write out the things that are most important to them in their search for a new home...then we would go over the list and discern what are "must haves", "should haves" and "nice to haves". It's a cliche but location should be their main focus. What is important to you and your family now, 5 years from now and 10 years from now? Work commute, schools, location of family and friends, community services, etc. should all be a part of your decision. You can always change the look of a home's interior or exterior, but where it is located cannot be altered.”

John T. Wilson, written answer of November 2, 2026. Published word for word.

Frequently asked questions

Is John T. Wilson's licence valid?

John T. Wilson declares RECO licence no. 5039269, attached to the agency Blue Forest Realty, Inc.. Payotte publishes no status for this licence: it is verifiable on the RECO register, which should be checked before signing.

What areas does John T. Wilson serve?

London, Dorchester, St. Thomas, Port Stanley, Komoka, Kilworth, Strathroy-Caradoc and Thamesford, according to John T. Wilson's written statement of November 2, 2026. The office is located at 629 Wellington St, London, ON N6A 3R8.

What services does John T. Wilson offer?

First time buyers, Empty-nesters/downsizing sellers/buyers, Condos and Estate sales, as a real estate agent. Language of service: English.

How long has John T. Wilson been practising?

Since November 2022, according to John T. Wilson's written statement.

How can I reach John T. Wilson?

John T. Wilson can be reached by phone at 519-661-7143 or by email at JOHNTWILSON@soldbyblue.ca. Services are offered in English. The buttons at the top of this page start a call or a pre-filled email.

What is the AI Passport?

The AI Passport is a dated page a professional gets on Payotte so that search engines and AI assistants read them correctly: their name, licence and contact details in one place, with a link to the official register. It is neither a ranking nor a recommendation. Payotte does not score professionals who have a Passport, and it does not replace your own check: consult the register before signing.

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