When it comes to buying a condo, most people focus on location, square footage, or amenities but there’s another crucial detail that often gets overlooked: Is the condo freehold or leasehold? This small line in a listing can have a big impact on what you actually own, how long you own it, and what it might cost you over time.Let’s break down the core differences between freehold and leasehold condos in...

When the topic of Toronto real estate comes up, few line items spark as much debate as commissions. In a city where the average home often crosses the million-dollar threshold, the percentage fee attached to a transaction can translate into tens of thousands of dollars. With new legislation in Ontario — the Trust in Real Estate Services Act (TRESA) — shaping consumer rights and agent obligations,...

Thinking about buying a condo? You're not alone. Across Canada’s biggest cities, condo living is on the rise — but is it the right fit for you?A Condo Might Be a Good Choice If You:✔️ Prefer a lower upfront cost compared to a house✔️ Want availability of amenities without worrying about maintenance✔️ Like the idea of living in a secure, well-located building✔️ Are looking for a real...

Home sellers paying for buyer agents: Is it injustice or simply misunderstood business logic?Disclaimer:I am Faiza Ahmed, a licensed real estate broker. The analysis presented is based on my professional experience and a review of industry documents, offering a critical perspective on the ongoing class-action lawsuit. My perspectives are also shaped by my own experience as a consumer impacted by real...

Major real estate brands in North America often charge sellers 5–6% commissions on a home's sale price – tens of thousands of dollars per transaction – yet much of this money goes toward broker profits and massive marketing budgets rather than directly improving the client's experience.1. Commission Structures: Where Your Money Really GoesSteep Commission Rates:In the U.S. and Canada, traditional...

The deposit is what you pay when your offer is accepted, showing the seller you're serious. The down payment, on the other hand, is the portion of the home's price that you cover upfront, with the rest being financed through a mortgage.Whether you're purchasing an existing home or a pre-construction property, understanding the role of these payments can help you plan your finances more effectively.In this...

Can you negotiate a realtor commission? In short, absolutely. While commissions are often seen as fixed, they are negotiable in many cases. Understanding how to approach commission negotiations can help you save money while ensuring you receive quality service from your real estate agent. In Canada, there is no government-mandated or standard rate for real estate commissions; setting a fixed rate...

Selling a townhome in Canada is generally easier compared to selling a detached or semi-detached home. Townhomes, also known as row houses, are typically more affordable residential dwellings, making them highly sought-after, especially in urban centers where single-detached home prices continue to rise.According to data, townhome development in Canada grew by 9.9% between 2016 and 2021, reflecting...

Deciding whether to rent or buy a home involves weighing multiple factors—each with its own benefits and challenges. If you’re curious about how the costs compare, a rent vs buy calculator can help break down the numbers based on your situation.Well lets have a closer look at the key considerations:Upfront Costs  Buying Down Payment: Typically 5% to 20% (or more) of the...

Canada's housing landscape is as diverse as its geography, offering a wide range of home styles to suit different lifestyles, budgets, and regional climates.Whether you're a first-time homebuyer, an investor, or simply exploring your options, understanding the different types of houses available in Canada can help you make informed decisions. But before you go any further, we have put together...