Here you will find many valuable tools to aid you in the process of buying and selling real estate.
Please feel free to contact me via telephone or e-mail at any time and I will be pleased to help you with your real estate needs.
I look forward to speaking with you.
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2307 - 33 Charles St E
1 Bedroom Suite On The 23rd Floor, Unobstructed View Of The City, Yonge & Bloor Area. Bright And Spacious Suite, With Lots Of Natural Light. Hardwood Floors. Heated Swimming Pool & Hot Tub. Fitness Centre. Easy Access To Yorkville, Ttc, U Of T, And Museum.
Very Clean, Bright, Spacious 2 Bedroom Condo Conveniently Located Close To 401, Dvp. Walking Distance To Shopping, School, Daycare And Public Transit. Freshly Painted All Over, New Baseboard, New Laminate Floor In Bedrooms
Tastefully Furnished One Bedroom+Media/Office Den, 2 Balcony Walk Outs To 89 Sq. Ft. Of Exceptional Metallic Finishes & North West And South Views Of Toronto's Center Of Excitement At Yonge & Eglinton. Ttc Yonge Subway At Doorstep,Retail & Every Amenity Imaginable Including 25th ...
Beautiful Modern Open Concept 4Bdrm Family Home In Up & Coming Area Of Clairlea/Birchmount.Open Concept Main Level W/10' Ceilings, Beautiful Kitchen W/Quartz Countertop +Centre Island &High End S/S Appliances.Walkout To Beautiful Deck &Fully Fenced Huge Backyard.Pot Lights Throug...
Live In Prestigious North York Area! Bright & Spacious 1700 Square Feet, Huge Master Bedroom With Sitting Area And En Suite! Magnificent Building Offers All Luxury Amenities - Close To Hwy's And Everything Toronto Has To Offer. Don't Miss Out On This Opportunity. Condo Has Direct...
This Beautiful 1 Bed Stacked Th Is Like New, Just Move In Ready. Parking And Locker Included. Excellent Location Close To Hwy And Ttc. Low Maintenance Fees, Low Property Taxes. Huge South Facing Balcony. Ensuite Laundry And Visitors Parking.
Don't Miss This Updated And Super Spacious Thornhill Beauty. 1546 Sq Ft One Of The Largest Units In The Building. 2 Spacious Bedrooms, Large Living/Dining Room And A Den, 2 Full Bathrooms, Laundry With Built-In Storage Closet And Locker On The Same Floor. Parking For 2 Cars, Loca...
Basement Bedroom 3.32X3.20 Closet, Bedroom, Window. Office 3.20X2.75 Rec Room 9.14X5.40 Walk Up To Garden. ***Location. Location. Location. Huge Family Home. Literally 2 Minute Walk To The Ttc, Easy Access To Schools, Shopping. Pool Size Lot 60X145 With Lots Of Parking.***
Move In Conditon 3 Bdrm, Mins To Ttc, Dvp, 401, Downtown, Shops, Schools! Building Loaded With Facilities Indoor Pool, Sauna, Gym, Party Room, Etc. Rent Includes Fridge, Stove, Heat, Hydro, Water, Cable Tv, Building Insurance, Under Ground Parking, Etc.
Prime Markham Location!!! Prestigious Ascot Mansion Low Rise Condo By Shane Bajhar. Well Maintained Unit With Quiet East View. 2 Split Br, 2 Full Bathrooms, 1 Parking, 1 Locker, Gorgeous Laminate Flooring Throughout. 24 Hr Concierge. Close To All Amenities, Hwy 404 And 407.
Located In High-In-Demand Quiet Crescent In Denlow, Winfields, And York Mills School District. W/O To Prvt Backyard W/ Inground Pool. No Pets Or Smoking Permitted, Due To Allergies.
Spacious Renovated House For Large Family With Income Potential. Hardwood Floors Throughout. Custom Kitchen With Granite Countertop & Family Size Eating Area. Main Floor Laundry. W/O To Large Deck & Side Patio. Direct Access To Garage. Sitting Area On 2nd Floor Use As Den Or Offi...
House Features Many Upgrades Thruout. 20 By 20 Marmo D Marfil Tile Thruout Main Floor. Darmaga Red Oak Natural Hardwood Flr In Living, Dining, & Family Room. Irpinia Kitchen 1700 Series Classic Maple, High Cabinets W/Moulding, Soft Close, Drawer Dividers. Wine Holder. Franke Sink...
$$$spent In Reno. Hardwood And Quartz Thru Out. 2 New Kitchens With Ss Main Floor With New Appliances.Separate Entrance To Prof Finished Basement With New Eat-In Kitchen And Ensuite With Steam Sauna. House Backs Onto Green Open Field. Walking Distance To U Of T, Centennial Colleg...
Beautiful Luxurious Custom Built Home With Lakeview. Double Door Entry. Spacious 4 Bedroom Home With Hardwood Flooring Throughout. Gorgeous Custom Built Kitchen. Basement Fully Finished With Washroom And Walk Out To Back Yard. Top Quality High End Finishes. Walk To Lake, R.H. Kin...
*Excellent Location* Humberland Area, Great Schools(Public And Separate Schools Steps Away - Cardinal Carter Catholic High School, King City Secondary School, Near Shopping, Parks & Hwys. Transit Steps Away. In-Law Suite, Family Room With Fireplace. Freshly Painted, Family Size...
3 Storey Modern Townhouse Built By Minto In Trafalgar And Dundas. Approx. 2000 Sf Living Space Backing To A Pond. High Ceiling. Clean Sleek Ultra Modern Kit. Cabinet W/ Quartz Countertop. Mudroom/Pantry Link Garage To Kit. Hardwood Floor & Upgraded Porcelain, Solid Wood Staircas...
A Must See!!! Stunning Home!!!Won't Last.2 Renovated Ktchens W/Granite Counters,Backsplash,High End S/S Appliances, Ceramic Floors.2Full Reno'd Baths, Hardwood Floors Throughout Main Floor, Open Concept, Shows 10++.Custom Built Closets In All 5 Bedrooms, New Windows And Pot Light...
Completely Renovated, 4 Bedroom Townhouse In Multi-Million Dollar Neighbourhood With The Best Schools In The City (Harrison Ps, Windfield Jhs And Yorkmills Clgt) Over $100K ++ Spend On Upgrades And Design One Of The Bets Lay Out In Complex. Custom Glass Shelves, Pot Lights, Throu...
Highly Demand In The Heart Of The Entertainment District. 1 Bed + Den 558 Sqft + 65 Sqft Balcony. 9 Ft Ceiling, Laminate Floor Throughout. Steps To Path System, Tiff, Subway, Royal Alexandra And Princess Wales Theatres. Surrounded By Gourmat Restaurants. Walking Distance To Cn To...
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Closing Cost Overview
Closing costs, ranging from 1.5% to 4% of selling price, are the legal and administrative costs you will need to pay when your house closes. In addition to closing costs, there are other expenses and/or events that may require a cash outlay before, on or after your house closes. We will outline these in detail to ensure these often unexpected costs do not sneak up on you.
Cash outlays required before your mortgage closes
Home Inspection Fee. It is highly recommended that you contract a home inspection as a condition of your Offer to Purchase. A home inspector will assemble a report on the condition of the home for a fee of around $500, depending on the complexities of the inspection.
Deposit. A deposit that counts towards your down payment is required when you make an Offer to Purchase. The deposit may amount to 5% of the purchase price, which is the minimum down payment percentage in Canada.
Costs financed in your mortgage
Mortgage default insurance, or CMHC insurance, is not normally considered a traditional closing cost as it is added to the total mortgage you require and amortized over the life of your mortgage. I have chosen to include it here to point out the major difference between it and traditional closing costs: it does not require a cash outlay upon closing.
Mortgage default insurance. If you purchase a house with less than a 20% down payment, you will be required to buy mortgage default insurance, commonly referred to as CMHC insurance. This protects the lender in the case the borrower, defaults on the loan.
Mandatory closing costs covered by the home buyer
The following is a list of closing costs that are incurred by the home buyer
Land Transfer Tax. Calculated as a percentage of the purchase price of your home, all provinces have a Land Transfer Tax (LTT) payable on closing, with the amount varying in each province. Some cities, such as Toronto, also have a municipal LTT.
Legal Fees and Disbursements. You can expect to incur a minimum of $500 and may go up to $1000 (plus GST/HST) on legal fees, which account for the preparation and recording of official documents. Find a residential real estate lawyer or contact Nick Ignatiou direct for a list of real estate lawyers that his Clients have used.
Title Insurance. Today, most lenders require title insurance to protect against losses in the event of a property ownership dispute. This is purchased through your lawyer/notary and costs $100 - $300.
PST on CMHC insurance. Though CMHC insurance itself is financed through the mortgage, PST on the insurance must be paid in cash at the time of close.
The following is a list of closing costs that are incurred by some home buyers as they are only applicable to certain properties
Septic tank. If the house has a septic tank, it should also be tested to ensure it is in good working order. Once again, you can negotiate the cost with the previous owner and list it in your Offer to Purchase.
Water Tests. If the home has a well, you will want to test the quality of the water and ensure there is an adequate supply, as well if the water is potable. You can negotiate these costs with the previous owner and list them in your Offer to Purchase.
Estoppel/Status Certificate Fee. A certificate fee may be payable if you are buying a condominium or strata unit, and could cost up to $100.
Mandatory closing costs often covered by the lender
Appraisal Fee. An appraisal, which is an estimate on the value of your home, is often covered by your mortgage lender. An appraisal is performed to certify the lender of the resale value of the home in the case you default on the mortgage. The cost is usually between $250 and $350.
Other costs to consider
Property Insurance. Property insurance, which covers the cost of replacing your home and its contents, must be in place on closing day. This insurance is often paid in monthly or annual premiums.
Prepaid Utility Bills. You may need to reimburse the previous owner of your property for prepaid costs such as property taxes, utilities and so forth.
Property taxes. Property tax is calculated as a percentage of your home value, varies by municipality and must be paid each year. The residential property tax rate in Toronto for example is 0.83%, and on a $400,000 home, would be equal to $3,320 per year. You may need to reimburse the previous property owner if he/she has already paid property taxes for the full year. You are also given the option to set-up an automatic payment plan with your lender. Your lender will set up an account for you, collect an additional $277 per month ($3,320 / 12 months) and then pay property taxes on your behalf. Though by no means necessary, some homeowners find this service extremely valuable for budgeting purposes.
Closing Day
Closing Day is the day you finally take legal possession of your home. It's important that the bulk of your administration is completed by this point including transferring your down payment to your lawyer. Transferring down payment funds, especially from your RRSP can take time, and should be done several days before close.
On closing date, the following events will take place:
Your lender will provide the mortgage funds to your lawyer/notary.
You must provide, your down payment less the deposit, to your lawyer/notary along with the closing costs.
Your lawyer/notary pays the previous owner, registers the home in your name, and gives you the deed and keys to your new home.
