Plain Answers
These nine articles are organized around three groups, with three in each: Move-Up Owners, Relocating to Toronto, and Inherited Homes. Titles follow real questions people ask about selling and moving in Ontario, and each article points to official sources for details that change.
Less than the sale price. What you can put toward your next home is what remains after your mortgage payout, selling costs and the purchase costs on the new home, so gather those figures and test them with a lender before you shop.
Less than the sale price. What you can put toward your next home is what remains after your mortgage payout, selling costs and the purchase costs on the new home, so gather those figures and test them with a lender before you shop.
It depends on which risk you would rather carry. Selling first gives you certain numbers but a possible gap in housing. Buying first secures the next home but commits you before your sale is confirmed. Your finances and tolerance for uncertainty decide.
Usually not. Your own timing, meaning your job, your family, your equity and finding the right home, matters more than guessing the next rate announcement. Use rate news to check your numbers with a lender, not to choose your moving date.
Start with your own needs and numbers, not the listings. Define what the home must do, visit at different times, test commutes yourself, and plan the sale of your current home before you commit to a purchase here.
Expect land transfer tax, which in the City of Toronto means both a provincial and a municipal tax, plus legal fees, adjustments, inspection, insurance and lender costs. Use the official calculators and your lawyer for the amounts.
A condo status certificate describes the condo corporation’s situation: its finances, reserve fund, fees, rules, and any legal or other matters that could affect owners. Have your real estate lawyer review it before you are committed to buy.
Start by looking after the house, gathering the paperwork and asking the estate lawyer who has authority to sell. Once that path is clear, decide how much preparation the home needs and plan the real estate steps in order.
Often the answer sits between the two. Cleaning, clearing and small repairs can help an inherited home present well without a full renovation. Weigh each update’s cost and time against how buyers will see the home before you decide.
Agree first on who decides and how you will communicate, then base the price on recent comparable sales and the home’s actual condition rather than memories or hopes. Shared information and a clear process make agreement far more likely.
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