Buyers

The Ten Day Cooling Period – Shawn Gandhi

In Ontario, The Condominium Act provides purchasers with a protection known as the “Ten Day Cooling Period”.  This act is only applicable for new condo sales straight from the builder and does not apply to re-sale transactions. In essence the Ontario Condominium Act puts some obligation on the builders to act in good-faith.  On purchasing a unit, the buyer is required...

Buyers

Buying A Condo in Mississauga From Overseas

Those living abroad and considering investing in the Mississauga Square One Area are often surprised to find out there are no restrictions or limits on the amount of property they can buy in Canada. The process is actually pretty simple.  Local lenders such as chartered banks and credit unions will usually finance the purchase subject to credit approval with a...

Buyers

Buyer Closing Costs – Mississauga

In every condo transaction there are closing costs.  These costs can’t be avoided and your lawyer will adjust them on the date of the closing.  The lawyer will go through all your expenses before the transaction and give you a detailed packaged on the closing date.  The general closing costs are as follows:     Land Transfer Tax $1 -...

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