When buying Toronto Real Estate, it is important to take into consideration the additional costs of the transaction other than the purchase price itself. Put aside some additional cash for the following one time expenses: 1) Lawyer fees – closing fees and title insurance 2) Adjustments – depending on what is in the agreement of […]
Condo Apartment or Freehold Home?
With Interest rates at an all time low, it is a great time to buy real estate in Toronto. Home owners are upgrading and first time home buyers are taking the plunge. As a Realtor, a common question asked by many of my buyer clients is what route to should take; purchase a condo apartment […]
Power of Sales
The year 2007 in Toronto was a crazy year in terms of real estate sale and skyrocketing prices. Many buyers bought during this frenzy and paid top dollar for a property. As reality sets in and property values start to decline, these home owners are now struggling to pay off their financial obligations, forcing the […]
Mandatory Home Energy Audits in Toronto
Did you ever wonder how energy efficient your home is? Well now you are required to find out. The provincial government has passed Bill 150: the Green Energy Act, forcing Ontario residents to add another task to their to-do list before they can sell or lease out their home. Bill 150, the Green Energy Act […]
Buying Pre Construction Real Estate
Buying a pre-construction has many advantages. The first advantage being choice. Buying from the builder allows you to have more choice when it comes to the selecting the floor plan/layout and the location of the condo unit in the building. Finishes and decor are also a feature you are able to customize at this time. […]
Land Transfer Tax
In the city of Toronto, there are two taxes that are applied to a real estate purchase. The Toronto Land Transfer Tax: Put into place just last February (’08), this tax is levied only on real estate purchased in central Toronto. If an agreement of purchase and sale was entered into before December 31, 07 […]
First Time Buyers |Toronto Real Estate
In today’s economy, owning a home in Toronto has become a more affordable option than ever before. With longer amortization periods and with access to programs such as the 5% Down Program buying a home is not as daunting of a task as it may seem. If you are currently renting in Toronto, compare your […]
