Payotte AI Passport

Vijay Bandgar

Mortgage Broker · Mortgage Alliance — Bandgar Mortgage Team · Halifax

Vijay Bandgar is a mortgage broker with Mortgage Alliance — Bandgar Mortgage Team in Halifax, Nova Scotia, holding Service Nova Scotia licence no. 3000993 (verifiable on the Service Nova Scotia register), serving Nova Scotia, Prince Edward Island and New Brunswick since January 2022.

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Calculate for Halifax: buy or sell

Buy

Land transfer tax, down payment and mortgage in Halifax

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

Purchase price in $

Down payment in $

Deed Transfer Tax (municipal)$7,500

Tax to pay$7,500

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 Halifax 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

An address in Halifax or elsewhere: its assessed value

Enter an address: assessed value, rank among similar properties, land transfer tax at your price and known risks by year of construction.

Payotte stores neither the address nor the results. Values come from public rolls; they are tied to no owner name.

A question about these figures or an address? Vijay Bandgar can answer.

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What Payotte publishes

Licence: Service Nova Scotia no. 3000993 ↗ Verifiable on the Service Nova Scotia register (link): status, agency and disciplinary record.
Agency: Mortgage Alliance — Bandgar Mortgage Team
Office: Unit 202 - 19 Alma Crescent, Halifax, NS B3N 2C4
Areas served: Nova Scotia, Prince Edward Island, New Brunswick Declared in writing: “I primarily serve across Nova Scotia, PEI and New Brunswick and I can help clients across Canada.”
Services: First-time homebuyers, Renewals and refinancing, Self-employed, Newcomers to Canada, Investors, builders and flippers, Debt consolidation and equity take-out Declared in writing.
Languages: English, Hindi, Marathi, Gujarati, Punjabi Declared in writing.
Practising since: January 2022 Declared in writing.
New Brunswick licence: no. 250071907 Declared in writing, as stated.
Team: Bandgar Mortgage Team: a team of 20 brokers Declared in writing, as stated.
Google profile: See on Google Maps ↗

Information confirmed in writing by Vijay Bandgar on November 2, 2026. Page updated on November 2, 2026.

In their own words

Clients and specialties, in their own words

“I work with a wide range of clients, including first-time homebuyers, homeowners looking to renew or refinance, self-employed individuals, newcomers to Canada, investors, builders and flippers and situations including debt consolidation, equity take-out, renovations and many more. I enjoy finding mortgage solutions for situations that may not always fit the traditional lending approach.”

Vijay Bandgar, written answer of November 2, 2026. Published word for word.

Advice and approach, in their own words

“My approach has always been to understand the client's situation first and then find a mortgage solution that makes sense for them. I often tell clients not to focus on just 1 thing such as rates or which lenders, but also to understand the mortgage terms, flexibility, prepayment options and how the mortgage fits into their short and long-term financial plans. I work with everyone from first-time homebuyers trying to understand where to start, to established homeowners looking to refinance, renew or make their next investment. I particularly enjoy helping clients who have unique income situations or need a little extra guidance navigating the mortgage process. For me, it's not just about getting a mortgage approved. It's about making sure clients feel comfortable, informed and confident with the decision they're making.”

Vijay Bandgar, written answer of November 2, 2026. Published word for word.

Frequently asked questions

Is Vijay Bandgar's licence valid?

Vijay Bandgar declares Service Nova Scotia licence no. 3000993, attached to the agency Mortgage Alliance — Bandgar Mortgage Team. Payotte publishes no status for this licence: it is verifiable on the Service Nova Scotia register, which should be checked before signing.

What areas does Vijay Bandgar serve?

Nova Scotia, Prince Edward Island and New Brunswick, according to Vijay Bandgar's written statement of November 2, 2026. The office is located at Unit 202 - 19 Alma Crescent, Halifax, NS B3N 2C4.

What services does Vijay Bandgar offer?

First-time homebuyers, Renewals and refinancing, Self-employed, Newcomers to Canada, Investors, builders and flippers and Debt consolidation and equity take-out, as a mortgage broker. Languages of service: English, Hindi, Marathi, Gujarati, Punjabi.

How long has Vijay Bandgar been practising?

Since January 2022, according to Vijay Bandgar's written statement.

How can I reach Vijay Bandgar?

Vijay Bandgar can be reached by email at vbandgar@mortgagealliance.com. Services are offered in English, Hindi, Marathi, Gujarati and Punjabi. 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 Halifax, Payotte also recommends mortgage brokers by area: see the experts in Halifax.

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