Let an experienced Realtor Team guide you through your first home purchase in Mississauga and surrounding areas. The process of buying your first home can be overwhelming, especially in a city like Mississauga with countless options. That's where a local, experienced realtor can make all the difference. Since 2013, Team Kalia has been dedicated to helping new immigrants, newcomers, and home buyers find their first home in Mississauga.
With our expertise, we can help you navigate through the different property options in Mississauga and the surrounding areas. We'll take the time to assess your financial situation, needs, wants, and affordability, guiding you towards finding the perfect home or condo.
Education is key when choosing where to live, especially when considering the best schools in Mississauga. We will provide you with valuable information about the top schools in the area, helping you make an informed decision about the location of your first home. Additionally, we will discuss whether a new or resale home would be the best fit for you, taking into account the timing of your move.
Team Kalia is a highly respected realtor team in Mississauga, known for our dedication to finding the perfect home for families or assisting with investment properties. We understand that every family's needs are unique, which is why we will help you identify whether a spacious house, a convenient condo, a fancy townhouse, or a semi-detached home would be the best fit for you.
In addition, if you are considering purchasing a home or condo with a family member or friend as a co-owner or a property with income potential, we can guide you through the process. We understand the specific rules and regulations associated with this type of purchase and will ensure a smooth transaction for all parties involved.
Let our assertive, persuasive, friendly, encouraging, and empathetic team at Team Kalia be your trusted guides throughout your first home buying journey in Mississauga and the surrounding areas. With our experience and knowledge, we will help you find the perfect home that meets your needs and fulfills your dreams.
With the support of RE/MAX, the leading name in Canadian real estate, our team has garnered the trust of countless satisfied first-time home buyers. Our values of sincerity and excellence, coupled with our acclaimed sales experience, have set us apart. Best of all, your initial consultation comes at no cost to you. During this session, we will provide valuable insights into your home buying expenses, whether to opt for a new builder or resale homes and condos, and the ideal Mississauga neighborhood for you. We will also discuss mortgage options, the importance of home inspection and home insurance, as well as home improvements. Furthermore, we will guide you through the complexities of the purchase and sale agreement, ensuring your rights are protected.
From there, we take over the process, allowing you to relax and trust in our expertise. We will diligently help you find your first investment within your budget and at the best terms possible, ensuring a swift and successful transaction. Additionally, you will receive daily updates on new home listings in the area of your choice, directly to your inbox. And when the time is right, we will personally accompany you to select your dream home.
Let us be your trusted partner on this exciting journey.
When it comes to affordability, there are several key factors to consider in the real estate industry. Your gross household income, down payment, and mortgage interest rate are of the utmost importance. Lenders will also take into account your assets and liabilities, while considering your own lifestyle and debt comfort zone. We understand the importance of finding the right balance for you, and we're here to guide you through the process, ensuring a friendly and encouraging experience. Let us help you find a home that suits your needs and budget.
When you choose Team Kalia as your trusted partner in the real estate industry, you can leave your worries about commissions behind. It's the sellers who take care of paying the real estate commission to our brokerage, not you. So, relax and let us handle all the details while you concentrate on finding your dream home. With our expert guidance, you can enjoy a stress-free buying experience. Take advantage of working with us and discover the ease and comfort that comes with our assertive, persuasive, friendly, encouraging, and empathetic approach. Let Team Kalia make your real estate journey a breeze.
The best schools can be explored by searching for Mississauga Toronto school boards, EQAO, Fraser Institute's school report cards, and the Ontario Ministry of Education. Seeking the ideal combination of excellent schools and neighborhoods may seem daunting, but fear not! Team Kalia, your trusted local REALTORS®, are here to lend their expertise. Let us guide you through this exciting journey with confidence, ensuring a smooth and satisfying experience. Your dream home and neighborhood await you!
There are multiple government incentives and schemes available to help first-time buyers. You can take advantage of these first-time home buyer incentives, including the First Home Savings Account, RRSP Home buyers plan, Ontario Land transfer tax rebate (up to $4,000), HST rebate for new home buyers, and the First-time buyer tax credit. These incentives are designed to support you in your journey towards homeownership. We're here to guide you through the rules and regulations of the real estate industry with a friendly, encouraging, and empathetic approach.
First Home Savings Account (FHSA) is a registered plan exclusively designed for aspiring first-time home buyers. You can unleash the power of tax-free savings with FHSA, available through any financial institution offering RRSPs and TFSAs. With an impressive $8,000 annual contribution limit and a generous $40,000 lifetime limit, turn your dreams of owning a home into a reality. Start saving today!
The Home Buyers Plan is an incredible opportunity for first-time home buyers. With this program, you can borrow up to $35,000 from your Self-directed Registered Retirement Savings Plan (SDRSP). And if you're purchasing with another first-time homebuyer, you can access a combined total of $70,000 from your RRSP. As long as you're a Canadian resident and haven't used this plan before, you're eligible. Plus, the loan is tax-free if repaid into your RRSP over 15 years. After 90 days, you can withdraw $35,000 penalty-free, giving you a fantastic tax rebate. Don't miss out on this fantastic chance!
Resale homes are exempted from HST in Ontario. HST is payable to builders of new homes and condos. Please visit the Revenue Canada website for more details.
Land transfer tax is a mandatory fee imposed on property buyers in Ontario, including the city of Toronto. It is calculated based on the purchase price of the property and is payable upon closing. However, first-time homebuyers in Ontario are eligible for a rebate on the provincial land transfer tax. This rebate allows first-time buyers to receive up to $4,000 towards their land transfer tax, helping to alleviate some of the financial burden associated with purchasing a home. In addition to the provincial land transfer tax, Toronto also imposes a municipal land transfer tax. This tax is calculated using a different rate structure and is payable on top of the provincial tax. However, similar to the provincial rebate, first-time homebuyers in Toronto can also receive a rebate of up to $4,475 on the municipal land transfer tax. This rebate further assists first-time buyers in successfully entering the Toronto real estate market.
First-time home buyers who acquire a qualifying home can claim a non-refundable tax credit of up to $750 . The value of the HBTC is calculated by multiplying $5,000 with the lowest personal income tax rate (15% in 2022).
Given the prevailing economic conditions in 2023, numerous households earning below $120,000 are opting for renting over home ownership, unless they are open to exploring co-ownership opportunities. Our First Time Buyer sessions cater specifically to newcomers and renters who are looking to buy a home. These sessions address any concerns or questions you may have about purchasing a home or condo in the GTA and surrounding cities, as a first-time buyer. The most crucial aspect is establishing your own real estate wealth as soon as possible.
Our Rent Now - Buy Later Program is exclusively designed for renters aiming to purchase a home within 1 or 2 years. We support your journey towards homeownership by assisting with loan approvals, discussing your housing needs, and providing property listings that match your requirements. As a buyer, you won't be charged any fees or commissions, as the sellers cover our commission. Trust Team Kalia to seamlessly guide you through your renting and buying experience.
Rent Now-Buy Later Program is useful for newcomers, individuals on work permits, millennials, and first-time home buyers. This program provides peace of mind by securing a rental unit in a competitive market, while assuring you that homeownership is within your reach. By participating in this unique opportunity, renters can save for a down payment for their future home and explore various neighborhoods based on their preferences. Our informative approach offers valuable guidance on mortgages, resale options, new builder options, and first-time buyer incentives. With expert advice, we empower you to make informed decisions on your home ownership journey.
Yes, it is possible to purchase a home or condo as co-owners with a family member or friend. This arrangement is allowed in the real estate industry, and it offers a viable option for those seeking joint ownership. By sharing financial responsibility, individuals can navigate the housing market more effectively. Learn more about home co-ownership.
Our team can help you purchase income-generating homes. Due to the housing shortage in the GTA, municipalities now encourage homeowners to build secondary suites, including basement apartments, to meet the demand for affordable housing. It is essential for buyers to only acquire properties that adhere to planning and safety regulations outlined in municipal regulations, local bylaws, and permits. By ensuring compliance, you can avoid legal issues.
Rest assured, we prioritize the protection of your personal information. We solely gather the necessary details to effectively market properties, assess and qualify homes for buyers, and deliver exceptional professional services. Your personal information will never be sold, traded, transferred, rented, or exchanged with any third party. Trust us to guide you towards your dream home.