Buyers

Through the expertise and exceptional service brought by our highly experienced agents, our buyers are provided with the best possible buying experience in Toronto.

People who work with us gain the expertise of our deeply seasoned and knowledgeable sales professionals, and are regularly kept up to date on current market trends in Toronto. Additionally, We can also offer buyers exclusive access to our unique mortgage and relocation services in Toronto.

Frequently Asked Questions

Our Most frequent questions and answers.

Your down payment is the amount of money you pay at the time of purchasing your home. The mortgage loan covers the rest.

As of February 15, 2016, the minimum down payment for new insured mortgages increased from 5% to 10% for the portion of the house price above $500,000. The minimum down payment in Canada depends on the purchase price of the home: If the purchase price is less than $500,000, the minimum down payment is 5%. If the purchase price is between $500,000 and $999,999, the minimum down payment is 5% of the first $500,000, and 10% of any amount over $500,000

Your realtor should have explained the financial condition to you. A financing condition is defined as a requirement that is fundamental to the existence of the offer. If there is a breach of a condition allows the buyer to get out of the contract and get their full amount deposit back. If the offer is conditional on financing, you have a duty to seek financing in good faith (meaning you can’t change your mind about the house and back out of the deal calming you couldn’t get financing). The only time you’d have to prove that you didn’t get financing is all dependent on the wording of the clause your realtor used.

There are a number of programs to help first time home buyers. The Home Buyers’ Program allows buyers to take out up to $25,000 tax –free out of their RRSP to finance the purchase of a house. The Land Transfer Tax Refund of First Time Buyers provides a refund on closing, which means you don’t really ever come up with the money, up to $2,000 on Ontario Land Transfer Tax and up to $3,725 on Toronto Land Transfer Tax; the First Time Home Buyer Tax Credit which provides a tax credit for $750 for closing-related costs for first-time buyers.

Buying a home is one of the biggest investments you will ever make. You want your home to be a great investment so location is one of the most important things. Even though costs might be a little higher in nicer areas, its more likely that you will benefit from stronger rates of capital appreciation.

Unfortunately, if you buy a property including a condo you have to pay a land transfer tax.

Frequently Asked Questions

Our most frequent buying questions and answers.

How much money do I need to put down for a down payment?

Your down payment is the amount of money you pay at the time of purchasing your home. The mortgage loan covers the rest.

As of February 15, 2016, the minimum down payment for new insured mortgages increased from 5% to 10% for the portion of the house price above $500,000. The minimum down payment in Canada depends on the purchase price of the home: If the purchase price is less than $500,000, the minimum down payment is 5%. If the purchase price is between $500,000 and $999,999, the minimum down payment is 5% of the first $500,000, and 10% of any amount over $500,000

Can I get out of an offer if I have a financing condition? Do I have to prove I don’t have financing?

Your realtor should have explained the financial condition to you. A financing condition is defined as a requirement that is fundamental to the existence of the offer. If there is a breach of a condition allows the buyer to get out of the contract and get their full amount deposit back. If the offer is conditional on financing, you have a duty to seek financing in good faith (meaning you can’t change your mind about the house and back out of the deal calming you couldn’t get financing). The only time you’d have to prove that you didn’t get financing is all dependent on the wording of the clause your realtor used.

Is there any government money available to help first time buyers in Toronto, Ontario?

There are a number of programs to help first time home buyers. The Home Buyers’ Program allows buyers to take out up to $25,000 tax –free out of their RRSP to finance the purchase of a house. The Land Transfer Tax Refund of First Time Buyers provides a refund on closing, which means you don’t really ever come up with the money, up to $2,000 on Ontario Land Transfer Tax and up to $3,725 on Toronto Land Transfer Tax; the First Time Home Buyer Tax Credit which provides a tax credit for $750 for closing-related costs for first-time buyers.

What should I be looking for in a home as a first-time home buyer?

Buying a home is one of the biggest investments you will ever make. You want your home to be a great investment so location is one of the most important things. Even though costs might be a little higher in nicer areas, its more likely that you will benefit from stronger rates of capital appreciation.

Can I avoid paying land transfer tax?

Unfortunately, if you buy a property including a condo you have to pay a land transfer tax.

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1052 Kingston Rd, Toronto, ON M4E 1T4

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