RELOCATION SERVICES

"We provide professional service to the special needs you have when relocating to or from Etobicoke or surrounding area"

As Registered Relocation Specialists I'm just a phone call away!

The one call to make for Relocation!

Canada Real Estate Practices

Overview

Canadian real estate agents work in much the same way in all of the provinces and territories. However, educational and licensing requirements vary provincially and agents are licensed by their provincial regulators.

The majority of Canadian real estate agents are Realtors®- i.e. are members of the Canadian Real Estate Association (CREA). Canadian Realtors place almost all of their property listings on the Multiple Listing Service (MLS), and as a result property listings are available to view by all Realtors in the marketplace.

Both the Land Titles ( Torrens) System and Registry System are established and maintained through provincial legislation. While the Land Titles System provides a certified, accurate land record and guarantees title; the Registry system requires buyers to search titles based on a history of conveyances and satisfy themselves. Regardless of the system used, the information is computerized and publicly accessible in exchange for a user fee which varies with the municipality.

Real Estate Practices

Generally speaking, one Realtor will act on behalf of a seller and another will represent a buyer. Sellers typically pay the broker's commission and costs relating to the closing. Legal fees are shared by the buyer and seller.

The Realtor will draft the Contract of Purchase and Sale (the Offer), and do the negotiating between buyer and seller via the seller's Realtor. Typically, they then provide the contracts to the lawyer/notary who handles the legal aspects of the transfer of title. Along with the offer, the buyer brings a deposit to show good faith to the seller. The seller's agent is obligated to bring all offers to the seller's attention. If the offer is accepted and all the conditions are met, the offer becomes binding between the buyer and seller.

Mortgages are commonly used to purchase real property and second, third and fourth mortgages are permissible in Canada. Mortgages are available primarily from banks and lending institutions and the typical maximum term is 10 years, although the average consumer is usually in a 5-7 year term mortgage. At the end of the term, the outstanding balance is due but is usually renegotiated for a further term at the then current rate of interest.

Interest paid on a mortgage in Canada is not tax-deductible. And unless one has at least 25% of the purchase price of a home to put down or 50% for vacant land, mortgage insurance is charged by the lender. The percentage charged on the mortgage varies, depending on the amount put down, but starts at 3.25% for those putting only 5% down. Usually, the payments are simply worked into one's mortgage payments. Given that non-resident borrowers are limited to borrowing 65% of the property value; this added cost is non-applicable to a foreign buyer.

The closing process typically occurs less than 60 days following execution of the contract on resale property. Although there is no legal requirement to do so, the closing usually occurs through both the buyer's and seller's legal counsel.

All Realtors in Canada must pay a federal tax of 6%, called the Goods and Services Tax, on commissions earned, and in some provinces a provincial tax is levied as well. The seller pays for these taxes. Resale homes are not subject to the 6% federal tax, although one must pay it on new homes. If the new home is to be a primary residence, a rebate is offered.

Capital gains is payable on homes sold by non-residents. A capital gains tax of 25% is charged on the gain and, if not paid, the buyer's Realtor must withhold anywhere from 20 to 25% of the total sales price from the seller in order to ensure payment is made.

Here are just a few of the ways I can help with your relocation anywhere!

If you are moving to Etobicoke and the GTA or West Toronto?

• If you are planning a move we would like to personally welcome you. From current facts and figures on the local Real Estate market, maps and community guides to personal airport pickup arrangements, we offer personalized professional service. "We Know the Local Market"!
• Unlike most top producers, you will deal 100% with me - not assistants!
• Request , Etobicoke/Oakville/West Toronto Real Estate Information

Famous for its multi-cultural policies, Canada is a preferred new home to people immigrating from around the globe - and West Toronto and Etobicoke is a favourite of UK immigration and US relocation hopefuls. I am contacted frequently by professionals emigrating from the US, UK, Great Britain, Ireland and Scotland who are looking for real estate - and there are a great number of differences between our real estate practices and your own.

First and foremost, it will save you considerable time to work with an experienced, local realtor in advance of your leaving home. In Canada, sellers pay realtors to sell their homes, so there is no charge to you as a buyer for this important service. Contact me directly for advice and success stories of UK and US immigrants, just like you, who have been through the transition.

If you are moving from Etobicoke, Oakville, Brampton or West Toronto? 

• If you are planning a move from here, we can help you find a reputable Real Estate Professional. We have many contacts within a large network as well as access to agents worldwide who can help you find your new home no matter where you are going.
• Read a thorough discussion on relocation
• Request for information on an agent in the new city that you are relocating to
• You may prefer to fill out my online buyers form

Please send us a quick email if you have any questions.

Kathy

Quick Facts about Ontario  Capital - Toronto Motto - Ut Inceptit Fedelis Sic Permanet (Loyal it began, loyal it remains) Flower - White Trillium Entered Confederation - 1 July 1867 Members of the Legislature - 125 Members of Parliament - 103 Senators - 24 Population, 1998 - 11,404,750 Average annual family income, - $62,614 Employment rate, 1997 - 60.3% Per capita health expenditures, - $2,633 Inflation as measured by the CPI, - 1.9% Average weekly earnings, 1997 - $638.97 Housing starts, 1997 - 29,351 Provincial sales tax, 1998 - 8.0% Urban population, 1996 - 83.3% GDP per capita, 1995 - $28,385 Land area out of Canada's area - 10.7%

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Facts about The City of Etobicoke Population of approximately 640,000 Housing Types Condo apartments from $75,000 Condo townhomes from $120,000 Freehold townhomes & semis from $160,000 Detached from $180,000 Executive homes from $300,000 Estates/Ravine/Lakefront from $500,000 For specific information, please request below Etobicoke is one of the most popular places for families relocating into the GTA area. Providing excellent services thanks to a well-run and debt free municipal government, the city combines safe and attractive residential neighbourhoods with a sound business base allowing residents to both live and work within the community. Originally formed when several towns and villages amalgamated in the 1970's, Etobicoke has retained its small town charm where historical buildings and streets capes have combined with new development to form this modern city. Etobicoke has also set aside large natural areas for both wildlife and recreational use. Miles of hiking and biking trails along Lake Ontario and the Credit River provide excellent opportunities for family enjoyment. Neighbourhoods are generously sprinkled with parks and green spaces making Etobicoke one of the greenest cities anywhere. The City Centre is comprised of the architecturally striking City Hall, new Central Library and Y.M.C.A, and the Living Arts Centre, home to world-class visual and performing art. Combined with an extensive shopping, dining and entertainment area all within walking distance, the City offers all the amenities of a larger metropolis.

Want to Read More?  A thorough and detailed analysis and discussion regarding relocation

More detail on the History and Heritage of Etobicoke

I hope you have found this discussion about relocation and our key to finding real estate property listings, remax realtors, real estate listings, real estate forms, mls listings, real estate investing, homes for sale by owner, homes for sale, real estate information and a real estate agent in Etobicoke, ontario, canada useful and educational.  If you require further information, please email me.

Etobicoke MLS Real Estate Properties & MLS.CA Homes for Sale  All Pages including SiteMap, Etobicoke Real Estate Blog and Guestbook, kathy@etobicokehomes4sale.com Copyright © at Etobicoke, Ontario, Canada M9A 3T7 (416) 236-1241  First created - Tuesday, June 6th, 2006, 2006 at 6:06:41 PM -
Last Update of this website: Friday, March 12, 2010 11:18 AM
At this Etobicoke, (Islington Kingsway and or Toronto West ) Ontario, Canada Real Estate Property web site you will find relevant information to help you and your family.

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