MORTGAGE CALCULATOR
By utilizing a mortgage calculator, you can acquire a deeper understanding of your potential payments when seeking to borrow funds to purchase a property. This tool swiftly generates an estimated monthly payment amount once you provide essential details, enabling you to experiment with different payment scenarios based on the mortgage amount, payment frequency, or amortization period. This valuable tool can empower you to compare various property-purchasing options more effectively once you have a clearer idea of your estimated mortgage payment.
LAND TRANSFER TAX CALCULATOR
The Toronto land transfer tax applies to property purchases and is based on the purchase price, with different marginal transfer tax brackets used to calculate the amount owed. Ontario land transfer tax is also required. First-time property buyers may be eligible for a reduction in both taxes. Use the calculator below to estimate your payment and potential rebates.
AFFORDABILITY CALCULATOR
An affordability calculator is a useful tool for anyone considering purchasing a property. This type of calculator helps to determine how much you can afford to spend on a property based on your income, expenses, and other financial factors. By entering these details into the calculator, you can receive an estimate of the maximum purchase price of a property that fits your budget.
ONTARIO’S RESIDENTIAL CONDOMINIUM BUYER’S GUIDE
The Residential Condominium Buyers' Guide was created by the CAO and MGCS to aid condo purchasers in Ontario. It is mandatory for developers to provide a copy of the guide, along with the required disclosure statement, to those buying new condos. The guide offers valuable information that can help potential buyers make informed decisions about condo ownership.
WARRANTY COVERAGE NEW CONDOMINIUMS
All new homes and condos in Ontario have a builder's warranty enforced by Tarion, a consumer protection organization. New homeowners have rights, responsibilities, and obligations under this warranty. It's crucial to understand these details to fully benefit from the warranty and meet your obligations as a homeowner.
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