There is a lot of information to process when making this big step, and having a team of dependable people walk you through this will leave you with an unforgettable experience. We can involve you as little or as much as you would like, just let us know.
As we go through this process, you will discover that you like, and don’t like certain features of a home, or neighbourhood. Please let me know as your criteria changes.
We know that purchasing a home can be overwhelming. Just remember we’re here every step of the way. To simplify things, really just tell us the house you want to call home and we’ll take care of the rest!
Let's set up a time to view some homes, just to get a feel for what is on the market/ pricing. Does next Tuesday or Thursday evening work
Possible Costs
Remember your first mortgage payment is due one month after your transaction closes.
Condo fees are always due on the first of every month.
Property taxes are due in installments (usually 4 per year) or can be paid for you by your bank or mortgage lender on a monthly basis.
It is quite possible that you will purchase a new condo from floorplans, you will have all the closing costs above except for the last item on the list.
Other Expenses You Should Expect When Purchasing a New Condominium
Remember that when you buy a new condo from floorplans, your first closing is when you occupy the suite. At this point you do not yet own the unit, you are known as an occupant. You pay the Developer an occupancy fee until the building registers with the City of Toronto. Currently 6 months is a typical occupancy period. A sample occupancy fee is calculated below:
Simple interest on the unpaid balance of your purchase price (calculated at a legislated rate) + Your estimated monthly taxes + The monthly condo fees = Occupancy Fees
Closing the deal
Once you buy your home we have a series of reminders that will ensure a smooth move and cover all of your questions. Look for the invite from our partner movesnap.
If you think we have left anything out please feel free to ask us anything or check out Homeownership.ca
Your home purchase becomes a reality on closing day when ownership is officially transferred to you. Before and on closing day, there are a number of tasks to complete: