Payotte AI Passport

Kyle Scott

Mortgage Broker · Landmark Mortgages · Victoria

Kyle Scott is a mortgage broker with Landmark Mortgages in Victoria, British Columbia, holding BCFSA licence no. 504479 (verifiable on the BCFSA register), serving Greater Victoria, Langford, Sidney and Colwood since February 2020.

Call · (250) 889-1686 Send an email Website ↗

Calculate for Victoria: buy or sell

Buy

Land transfer tax, down payment and mortgage in Victoria

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

Purchase price in $

Down payment in $

First-time buyer

Property Transfer Tax$8,000

First-time buyer rebatetick “first-time buyer”

Tax to pay$8,000

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 Victoria 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? Kyle Scott can answer.

Call · (250) 889-1686 Send an email Website ↗

What Payotte publishes

Licence: BCFSA no. 504479 ↗ Verifiable on the BCFSA register (link): status, agency and disciplinary record.
Agency: Landmark Mortgages
Office: 805 Cloverdale Ave #150, Victoria, BC V8X 5H9
Areas served: Greater Victoria, Langford, Sidney, Colwood Declared in writing: “Greater Victoria, Langford, Sidney, Colwood.”
Services: First time home buyers, business owners, people going through separation, debt consolidation Declared in writing.
Languages: English Declared in writing.
Practising since: February 2020 Declared in writing.
Google profile: See on Google Maps ↗

Information confirmed in writing by Kyle Scott on October 29, 2026. Page updated on October 29, 2026.

In their own words

Advice most often given to clients

“The advice I give most often is that a mortgage isn't just about the rate. Look at the full picture: what it costs to get out, how the structure fits your long-term goals, and how flexible the product is if things change. I walk every client through a clear budget and a short video so they are fully informed before making a decision for their family.”

Kyle Scott, written answer of October 29, 2026. Published word for word.

Frequently asked questions

Is Kyle Scott's licence valid?

Kyle Scott declares BCFSA licence no. 504479, attached to the agency Landmark Mortgages. Payotte publishes no status for this licence: it is verifiable on the BCFSA register, which should be checked before signing.

What areas does Kyle Scott serve?

Greater Victoria, Langford, Sidney and Colwood, according to Kyle Scott's written statement of October 29, 2026. The office is located at 805 Cloverdale Ave #150, Victoria, BC V8X 5H9.

What services does Kyle Scott offer?

First time home buyers, business owners, people going through separation and debt consolidation, as a mortgage broker. Language of service: English.

How long has Kyle Scott been practising?

Since February 2020, according to Kyle Scott's written statement.

How can I reach Kyle Scott?

Kyle Scott can be reached by phone at (250) 889-1686 or by email at kyle@landmarkmortgages.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.

In Victoria, Payotte also recommends mortgage brokers by area: see the experts in Victoria.

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