AboutDerek Hamilton Expertise Any questions relating to Residential Real Estate in the City of Toronto or Southern Ontario.
How much is my home worth in todays market? What's involved in Buying Real Estate ? How much do you need for a down payment? What's involved in Buying a Condo? What's involved in Buying a Co-op? What do you need as a deposit? How to choose a good Real Estate Agent for your property? What should you do to prepare your home for the market? How much Commission should you expect to pay? What are the expenses when Buying or selling your property? Should you have your home Staged for the market?
Experience Residential Real Estate Sales Representative in Toronto Ont,Canada for 24 years. Award winner for 20 straight years with Royal Lepage R.E.Service ltd. and 10 years with Sutton Group Bayview Toronto,On. Prior experience was 10 years building new custom homes & Renovations in North Toronto. I have a total of 30 years experience in the Residential Real Estate field.
Organizations I also subscribe to the Georgian Triangle Real Estate Board in Collingwood & the surrounding areas.
Education/Credentials George Brown College "Carpentry", Continuing Education with the Toronto Real Estate Board. Member sinse 1985.
Question Hi,
I have no Canadian citizenship (I'm Israeli) but I would like to purchase a condo in Toronto. I would like to know if I allowed to own a property in Canada (to buy one) and if I does is it possible for me to get a mortgage loan (and if does what percentage of the property value).
Regards!
Boris
Answer Hi Boris,
Yes, You can purchase a Condo or any Real Estate in Toronto or anywhere in Canada.
As far as getting a Mortgage. You would need to fill out an application form with a Mortgage Broker or bank to see if you qualify for a Mortgage? For a standard Conventional Mortgage you need to put down a min. of 25% of the Selling price and have some proof that you can make payments on this Mortgage. Security and or a job etc...I can help you buy a Condo in Toronto and set you up with a Lawyer and a Mortgage Broker if you need help. What is your price range and area etc...
Let me know.
Thanks and good luck.
Derek Hamilton
