When Searching for a home it is important to find the new listings early. By signing up for our "Automated Home Search" we can search daily for the properties that match your needs. The day a property comes on the Toronto Real Estate Board MLS system we will contact you by E-mail.
When you’re looking to buy a home, it’s easy to forget that the purchase price is just one of many costs associated with ownership. These costs can add up and take an unexpected chunk out of your budget. So it’s important to understand the full cost of buying a property.
Getting a home inspection is a smart decision, because a qualified home inspector can identify underlying problems with a home’s major systems, like heating and electrical. To find a qualified home inspector speak to your real estate professional or check the websites of various home inspector associations.
Appraisal and/or survey
Your lender (e.g., a bank) may require an appraisal or survey of the property you want to buy before they agree to provide financing. This is to double check that the value of the home or property matches its sales price.
Land transfer tax
In Ontario, a land transfer tax of up to 2 per cent of the purchase price applies. In Toronto, an additional tax applies, also up to 2 per cent. First-time homebuyers are eligible for a refund of the tax. Talk to your real estate professional about your eligibility.
Mortgage insurance If the down payment on your home is less than 20 per cent of its sales price, you will be required to buy mortgage insurance. Rates depend on how much you are borrowing. For more information, visit www.cmhc-schl.gc.ca.
Legal fees There are a number of legal documents and contracts involved in the purchase of a home. Your lawyer will do a title search on the home to ensure the seller can actually sell the property and that there are no liens against it. They will also register the deed and mortgage for you. Find an Ontario lawyer by visiting the Law Society of Upper Canada www.lsuc.on.ca.
Title insurance Title insurance protects you against title fraud, errors in public surveys, encroachment issues with neighbours and more. Speak to your lawyer during the closing period for more details.
Adjustments Adjustments are costs that the seller pre-paid but which you now owe because you’re the one who’s going to be living in the home (e.g., property taxes, maintenance fees, rental fees for hot water heaters). You will need to refund the seller for these.
Home insurance You must have insurance on your home before lenders will release the funds for the sale to close.
Harmonized Sales Tax (HST) Newly-constructed homes are subject to HST of 13 per cent, although buyers may be eligible for rebates from both the Ontario and Federal governments. HST does not apply to resale homes.
Tarion new home warranty program In Ontario, new homes are covered by a warranty program, administered by Tarion. The warranty protects new home buyers against various issues that may emerge, including structural defects in the home. It also offers deposit protection to buyers of new homes. Sometimes the Tarion enrollment fee is included in the purchase price and other times it is due at closing. For more information, visit www.tarion.com.
Moving costs Moving costs vary widely based on how much stuff you have, how far you’ll be moving, and whether you’ll hire a professional mover or rent a truck and move yourself.
Utility and service hook-ups Some gas, hydro, water and telecommunications companies charge a hook-up fee.
Renovations and repairs If you want to make major renovations after move-in, it can add significantly to your costs. A home inspection or disclosure from the seller may also identify repairs that are needed.
Appliances, furniture and decorations Once you’re in your new space, there’s a good chance you’ll want fresh décor to make it your own.
The Right Real Estate Agent
People don't talk about it a lot. But finding the right real estate agent can be the difference between a happy, stress-free home buying or selling experience, and an unhappy, stressful experience.
First, you'll want an agent ready and able to make a full-time commitment to you. I can and will do that.
Second, you'll want an agent with the experience needed to know the local neighborhoods, schools, market conditions, ordinances, etc. With my 40 plus years of experience in the local market - I have the expertise and track record of success you need.
Third, you'll want an agent who embraces the convenience of technology without losing the personal touch. You'll love the resources available on my website and the e-mail alerts that I send, but these will never replace the time I spend with you, serving as your personal guide through this exciting process.
Let's get together and talk about your home buying and/or selling plans. Call me on my cell phone 416 720-6454 or send me an e-mail (firstname.lastname@example.org) we'll set-up a time that is easy and convenient for us to meet.
P.S. If you're not ready to meet in person, please tour through my website at www.4realestateinfo.ca. I'm sure you'll find the resources here useful and helpful. Enjoy!
Moving to Ontario is one of the most important choices you will ever make. This section gives you information to help guide you. It includes what you need to know about housing, health care, how to find a job, enter a profession or trade, start a business or go to school.
Parent or responsible Adult should always accompany young children on their neighborhood rounds. Remind Trick-or-Treaters: By using a flashlight, they can see and be seen by others.
(NC) - Canadians love to renovate their homes and will spend, on average, about 10 per cent more this year on their renovations, a steady increase year over year according to the RBC 2008 Renovation
Plan costumes that are bright and reflective. Make sure that shoes fit well and that costumes are short enough to prevent tripping,
To make the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move.
I have 38 years of experience successfully buying and selling homes for my clients in the local market. I know the neighborhood
The size of your down payment, when you purchase a Townhouse or Condo for sale, can vary depending on the type of mortgage. Down payments generally range from 5% to 25
Sutton Group - Summit Realty Inc., Brokerage, 1100 Burnhamthorpe Rd. W. #27, Mississauga, Ontario. Direct Line 416 720-6454 Office 905 897-9555, Independently owned and operated. www.4bramptonrealestate.com
If you would like to speak to me about Mississauga homes for sale, homes for sale in Brampton or Toronto real estate please contact me directly at 416 720-6454. Condos for rent and rental properties are also available on this site.