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Google Real Estate Listings
As an alternative to Mississauga MLS Listings, Google is quickly becoming a major provider of real estate listings. See the condo and home listings for Mississauga, Milton, Etobicoke, Erin Mills, Churchill Meadows, Oakville, Clarkson, Port Credit, Markham, Scarborough, and Halton Hills.
Homes in Mississauga
SellMississauga is a Mississauga-based real estate firm which buys and sells condos and homes in Mississauga, Erin Mills, Credit, Streetsville, Milton, Halton Hills, Cooksville, Clarkson, Churchill Meadows, Markham, Meadowvale, Etobicoke, Brampton, Scarborough and the greater Toronto region. Visit to see open house viewing dates and the lastest homes in Mississauga and condos in Mississauga, Erin Mills, Churchill Meadows, Meadowvale, Milton and Streetsville. Find a Mississauga house for sale now. Bookmark our site now to continue to keep in touch the best Mississauga homes for sale.
Today's Mortgage Rates
Everyone is looking for low mortgage rates, from BMO, Scotiabank, CIBC, Royal Bank, and TD Canada Trust, however the right mortgage for you might involve other loan features including a variable rate, fixed rate, homeowner line of credit, Self-employed Homeowner Mortgages and more. A BMO mortgage Specialist can help you assess your needs and which mortgages will give you the benefits you need.
Make Sellmississauga.com your new guide to low mortgage rates and mortgage refinancing strategies. Check out the best BMO mortgage rates and Scotiabank mortgage rates now.
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TRANSACTION COSTS OF BUYING REAL ESTATE IN MISSISSAUGA |
Following are the additional costs associated with buying
real estate in Mississauga,
and surrounding areas like Erin Mills , Oakville, and Milton.
DEPOSIT
The deposit is part of the Purchase Price and will be
required by your Selling Agent within 24 hours of the time
your offer is accepted. Generally five to ten percent is the
expected amount. Not everyone has the money in an accessible
account so a split deposit - part now and the rest at a
later date, is often acceptable.
HOME INSPECTION
A home inspection has become almost standard in the freehold
and condominium town home purchase. The inspection costs
between $250 and $350 for most homes but increases with the
cost of the home over $300,000. The companies that I
recommend all charge a base of $300 to $375.
SURVEY (Freehold Only)
You, your bank and your lawyer want to know exactly what it
is that you are buying. A survey that shows the lot
dimensions and the location of any structures is very
important. If the Vendor does not have a current survey you
may be required to have a new survey drawn up. Title
insurance has currently been implemented in Canada and can
often be used in place of a new survey. Your lawyer can best
advise you on which route to go.
LEGAL FEES
You will need a lawyer to search the title and cover all the
legal matters. Rates vary greatly, starting at about $450
for the lawyer's time. In addition you must pay for the
disbursements which the lawyer pays on your behalf. The
average total bill should run to approximately $1100 -
$1200. Shop around! Call some lawyers and get quotes for
comparison.
TITLE INSURANCE
Everyone who is involved in buying real estate in the US is
familiar with "title insurance" but in Canada it is a new
concept. In many cases it can save you money. In addition,
some title insurance companies offer a mechanical and
appliance warranty. Be sure to ask your lawyer about "title
insurance". Approximate cost is $250.
LAND TRANSFER TAX
Click here to use the Land Transfer Tax Calculator.
Payable on closing - it is a multi-tiered formula and
applies to purchase price only:
Price between $ 35,000 - $250,000 ………… price x 1 % less $
275
Price between $250,000 - $400,000 …………price x 1.5% less
$1,525
Price over $400,000 ………….........................price x 2 %
less $3,525
MORTGAGE LOAN INSURANCE AND APPLICATION FEE
If you get a high ratio mortgage (a mortgage where you pay
less than 20% down payment) you will have to buy mortgage
loan insurance from CMHC or a private company. If you
qualify for a 5% down payment, CMHC charges an insurance fee
that equals 2.75% of the mortgage. If you put 10% or 15%
down, your insurance fees will decrease to 2% and 1.75%
respectively. The insurance premium usually gets added to
your mortgage. Refer to www.cmhc-schl.gc.ca for more
information.
REALTY TAXES
If the Vendor has paid the full year's taxes in advance, the
Purchaser must reimburse him. This becomes part of the
"Adjustment Statement" prepared by your lawyer.
OIL/HEATING
If the property is heated with oil, convention dictates that
the Vendor must fill the tank for closing and then the
Purchaser reimburses him on closing. NB: If you are
switching to gas then make sure that your lawyer and the
Vendor know well in advance of closing so the tank isn't
filled. This is part of the "Adjustment Statement".
HOUSEHOLD INSURANCE
The house must be insured prior to closing. The annual
premium will be $400.00 plus. Many insurance companies won't
insure homes with less than 100 amp service or with the old
style "knob and tube" wiring, which is present in most older
homes. This added cost can be determined during the
inspection.
GST ON RESALE HOMES
There is NO GST payable on resale homes unless the owner has
been carrying on a business in the home and applying for tax
credits, in which case the GST is his responsibility.
GST ON NEW HOMES
The 5% GST applies to new housing, however, there is a
rebate (to the builder) up to a maximum of 2.5% on homes
which cost less than $450,000.
These are just the other extra costs that are incurred in buying and going through the purchasing requirements for buying a home in Mississauga Real Estate area, and surrounding areas.
Mississauga Homes for Sale
Get the best assistance in buying or selling properties and homes in Mississauga. If you're looking to buy a new Mississauga home, Port Credit home, Milton home, or Erin Mills home, contact Damir now. We have many contacts with builders in these communities. Check our home listings page. We may be able to help you with new homeowner programs and assistance in applying for mortgages. 2010 is going to be a great year for many looking for homes in the Mississauga and Milton area. |
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