What is a deposit and when do we need it? Deposit is firstly, sign of a good faith and sincerity by a Buyer to purchase property and secondly, it represents part of the downpayment and is part of purchase price for the property. There is no mandatory amount for deposit but, the higher amount it is, more serious Buyer is. Deposit is usually made in two ways. One is “at the earliest opportunity and up to 24 hours after acceptance of the offer (with some... [read more]

As a first-time homebuyer, stepping into the real estate world can be both exciting and overwhelming. But before you start imagining your dream home, it’s important to lay a solid foundation for your investment journey. While the type of property may seem like the top priority, it's essential to think years ahead and set clear end goals. I’m going to take you through the must-know information that will guide you toward making informed decisions, building equity, and... [read more]

Purchasing a home is a significant decision, and timing can play a crucial role in the real estate market. While the spring and fall seasons are traditionally busy, the summer offers unique advantages for both first-time home buyers and investors.  I think it’s important to keep an open mind and explore the benefits of buying a home during the summer, as it may very well be the most opportune time to make your move. As I like to say, “where there is a will, there is a... [read more]

How many of you have decided of redesigning our own kitchen, bathrooms, floors, wall paints, etc, and how many of you got burned, when you were trying to sell your home, and the feedback in regards to those renovations was upsetting? My goal is to share some practical tips, so you don't make the same, costly mistakes, as many people did. The Most Important thing you need to make clear is, how long do you plan on living in this home? Clear answer to that question will be a crucial... [read more]

Even though we are seeing some leveling in prices, real estate market affordability in GTA is drastically down. Therefore, First time home Buyers, including young people that just are trying to leave their parents nest and newcomers, are being offered little-to-none, if they would like to buy a house, or any freehold property. To afford even a freehold townhouse, in most of the GTA, will be in 700’s and how many single people, or families that rely on one income can really qualify for... [read more]