Luxury Listings in Toronto
Luxury Listings in Toronto
Luxury Listings in Toronto
Choosing finishes can be fun. 🙂 You normally choose your finishes about 8-12 months before you occupy the new construction condo you’ve purchased. How are you notified when to choose your finishes? You’ll be contacted by the developer via email or a phone call to book an appointment to view and select your finishes. They’ll…
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Before we get started, please consult with your lawyer, accountant and realtor about your specific situation and HST. You don’t pay HST on a resale condo or house (meaning, one that is already built, registered and occupied). You might have to pay HST on a new construction condo. If you are residing in the new…
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The quick answer = it is generally 20%. If you are a non-resident, you will be required to make total down payments of 35%. Occasionally developers will offer incentives of 5, 10 or 15% total down payment due and these incentives usually occur AFTER a developer has started construction of the building. Once the builder…
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Interim occupancy is the period of time between the day you occupy your unit (move in) and the day you take ownership (close and get your mortgage). Interim occupancy is the point at which you are forced to move into your new construction condo and pay a fee (called the interim occupancy fee, which is…
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When you buy a new construction condo in Toronto you have a 10 day period, called the cool-off period, to review the contract and find it satisfactory at your discretion. At any point, during these 10 days from signing, you can back out or rescind from your purchase, without penalty and your deposit is returned,…
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Yes, you should compare mortgage rates. Whether you are working with a big bank mortgage specialist or a mortgage broker, we think it is prudent to have someone working on your behalf, not only to get the best rate but also the best terms. Rates are important but a great mortgage broker will customize a…
Read MoreWe used to always encourage buyers to purchase parking, if they had the option to get a condo with parking. Now, we recommend considering your exit strategy when thinking about parking. Think about the Buyer who will be buying this condo from you, in the future, and whether or not they will want a parking…
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When you submit an offer (not multiple offers or where you are competing against another buyer for a property) the process typically follows a series of logical steps. Before we begin, let’s outline the players involved. There is a Buyer and their realtor, the Buying Realtor. There is the Seller and their realtor, the Selling…
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We love pets. We couldn’t imagine buying a condo, only to find out our furry friend wasn’t allowed in the building. How do you find out what is and isn’t allowed? Status certificates will document and outline pet restrictions for each building. Each condo has a set of pet rules, restrictions and by-laws about pets….
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In Toronto, if you’re buying a house, the buyer’s lawyer doesn’t usually get involved until after the purchase has been made, unless there are extenuating circumstances where a lawyer’s expertise is required. You can have a lawyer review the offer paperwork and clauses before you submit an offer but again typically, for houses, most lawyers…
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