Arsh Syed, Real Estate Agent & Founder at Real Estate in Toronto

Real Estate in Toronto – REIT

Discovering the best of Toronto's real estate, from downtown condos to suburban family homes. Where Pre-Constructionish Dreams Begin!

Starting a New Life in Canada: Tips for Successful Immigration

New 20Immigrants immigrating to Canada

Moving to a new country, like Canada, can be scary, but if you have the right information and plan ahead, you can start your new life without any problems. When moving to Canada, it’s important to get a visa, find a place to live, learn a new language, put your kids in school, get a Canadian driver’s license, and start building your credit.

Canada has a health care system that is paid for by the government and a lot of different climates and seasons. To successfully build a new life in Canada, it is important to carefully research and plan each of these steps. You and your family will find it easier to get used to life in the country if you find a place to live and set up a routine. Canada welcomes thousands of immigrants each year and is a great place to call home.

How can I legally move to Canada?

Can I buy real estate as a foreigner?

Here are a few things to consider when you first arrive in Canada

-OHIP health card covers all of the necessary medical services.The next key step is exploring other insurance options and local healthcare providers such as family doctors.

How to get a health card (OHIP) in Ontario? 

How to find a family doctor or nurse practitioner in Ontario?

How to change the address on your health card, driver’s licence, and/or vehicle permit online in Ontario?

-Driving without a license is illegal in all provinces and territories of Canada. To get a driver’s licence depends on the province or territory where you live and on your driving background.

How to get a driver’s licence in Ontario?

Why do I need SIN number?

To work in Canada or get access to government services and benefits, you need a nine-digit Social Insurance Number (SIN). It is unlawful for anyone to utilise your SIN, as it is a private number. You are responsible for protecting your SIN.

How to apply for Social Insurance Number!

-Building your credit history in Canada is important. Because lenders in Canada want to know how you have previously handled credit in order to predict how well you will handle it going forward. That’s why you must apply for a credit card and more importantly use it wisely. As you will be using the credit card frequently for many expenses, such as internet and phone payments, online purchases, and travel.

How to Build a Credit History in Canada?

Home-Buying Checklist for New Immigrants

Can new immigrants buy a home in Canada. Absolutely, new immigrants to Canada are allowed to buy a home, even if they’ve just immigrated to Canada and who can afford homeownership. I am mindful that buying a home overseas is a significant decision and an unique experience from buying one in your own country.

What is

Just wondering whether to buy a home, or you think you’re ready to make a major decision  will provide you with access to the most up-to-date and accurate property listings as well as the ability to communicate with local REALTORS® in order to find your perfect home. 

I’m a licensed real estate agent specializing in residential properties in Toronto & The GTA area

Here are a few steps you may take to simplify the home-buying process in Canada.

What you can afford

Before you start looking for a home, it is critical that you understand how much you can afford and what your mortgage payments would be. This will help you set a realistic price budget so you can balance home ownership with your lifestyle needs.

Save for down payment

To buy a home the minimum down payment in Canada is 5%. Due to the high cost of home ownership most newcomers pay in installments. Typically, buyers make a down payment using savings and then borrow the rest through a mortgage from a local bank. However, many mortgages for newcomers require a 20% down payment.

Mortgage options

There are several different mortgage options available in Canada. Talking to a mortgage specialist is one of the best ways to go through all of your options and to help you save money over the lifetime of your mortgage. Many banks offer special mortgage programs for newcomers to Canada.

Did you know? I help provide mortgage referrals for newcomers to Canada. Let’s work together to achieve your financial goals.

Get a Mortgage pre-approval

When you are ready to buy a home and have a good idea of how much you are able to spend on your down payment and monthly housing expenses, it is time to be pre-approved for a mortgage. A pre-approved mortgage indicates that the bank has agreed to lend you money for your home, subject to conditions such as an appraisal.

Calculate Mortgage Monthly Payments 

It will offer you a sense of how much you can afford to borrow for a new home and put you in a better position to negotiate with sellers once you’ve chosen a home, and you will know about the interest rate as well.

Get Mortgage pre-approval and the best rates in Canada!

Find a Realtor

The home-buying procedure is complicated. Therefore, it is recommended that you hire a local realtor. Throughout the entire home-buying process, your realtor, like your mortgage specialist, can be a useful resource.

When you decide to work with me whether you are buying or renting there’s no cost to get my services, and you are under no obligation. I can help you find, buy or rent affordable home in the Greater Toronto Area through one-on-one counseling to determine your needs.

Start your home search

Now that you have been pre-approved, you may begin searching for your new ideal home, whether it’s a Detached home, Semi/Townhome, Condo/Apartment, or any other style of home within your budget. Consider your lifestyle and how close you want to be to amenities such as schools, highways, medical services, shopping, restaurants, and recreation when you begin your search for a property.

How to find a Public School By Address in Toronto?

How to find community and social resources in Ontario?

Who to Call in an Emergency?

How to get information and access to non-emergency City government services?

How to find shopping malls in Ontario?

Making an offer

As soon as you find a home within your budget range that you like to buy, you can make an offer. Your realtor will handle all paperwork involved in this process.

Putting down a deposit at the time of offer shows commitment to the seller. This money will be rolled into your down payment at closing. The initial deposit with the offer is usually between 5 and 10 percent of the home’s value. In multiple offer situations, it is common to include a certified deposit with the offer.

Home inspection

Your realtor will ensure that your offer is conditional on the results of the home inspection. Keep in mind that you will likely also be required to pay for a home inspection, which is an assessment of the home’s structure and mechanical systems to determine its safety and inform the potential buyer of any necessary repairs. If the buyer requires a mortgage loan to close the deal. As part of the house-buying process, your realtor will assist you find a qualified home inspector.

If you are looking: Homes for Rent, Home for sale by owner, Apartments for Rent, Commercial Real Estate, Homes for sale, Please Contact me.


When applying for a mortgage to buy a property, a home appraisal is an essential part of the deal. A home appraisal is required to assess the home’s fair market value. The cost of an appraisal for an average home varies from $400 to $500, and the buyer is typically responsible for covering these costs.

A certified appraiser prepares a report based on an on-site inspection, research into recent sales of similar homes, current market trends, and the home’s dimensions, structure, layout, and amenities.

The purpose of the appraisal is to establish whether the home’s sale price is reasonable in light of the home’s condition, location, and features. The assessment ensures that the lender is not lending the borrower more than the home is worth.

Deposit at closing

A deposit made towards the purchase of a home to show the buyer’s commitment to the transaction. The deposit is part of the down payment, therefore it will be applied to the buyer’s closing costs on the statement of adjustments at the time of closing.

If a buyer pays $500,000 for a home and provides a $5,000 down payment, the seller will receive $5K plus any extra down payment and mortgage funds from the lender, less charges and adjustments.

Land Transfer Tax

Land Transfer Tax is often referred to as the Property Transfer Tax. It is paid to the province or municipality by the buyer. Typically, land transfer tax is based on the purchase price of the property. In some provinces, the Land Transfer Tax may be refunded in full or in part to first-time homebuyers. On the day of closing, when the title is officially transferred into your name, your lawyer will take care of making the payment on your behalf.

Lawyer Fees

The fee paid to a lawyer to finalize the property transfer between a seller and a buyer.  Depending on the complexity of the transaction, the average lawyer’s fee for a home closing in Ontario is approximately $1,400.

CMHC Mortgage Loan Insurance

When buying a home with a down payment of less than 20%, mortgage loan insurance is required. This protects your lender in case you are unable to make payments.

CMHC mortgage loan insurance allows you to borrow up to 95% of a home’s buying price.

For home loan insurance, a minimum down payment is required. The amount depends on the buying price of the home:

If the home costs less than $500,000, a 5% down payment is required.

If the home costs more than $500,000, a 5% down payment is required on the first $500,000 and a 10% down payment on the remaining.

If the value of the home exceeds $1,000,000, mortgage loan insurance is not available.

Insurance Cost

Your lender pays an insurance premium on mortgage loan insurance. It is a percentage of the mortgage and is based on the amount of your down payment. This cost will be passed on to you by your lender. You can pay it in a lump sum or add it into your mortgage payments.

Title Search

Your lawyer executing a title search on the property is the first of many steps. This search provides all necessary documents and records for the subject property. The documents are then examined to ensure that there are no faults, liens against the property, or any concerns that the lawyer cannot resolve. If there are no surprises, you are free to proceed with the transaction.

Title Insurance

Title insurance is not required in Ontario. The title insurance policy will cover losses up to the policy’s maximum coverage amount for as long as you own the property. It may also pay the majority of legal fees associated with recovering the title to your property.

Closing & Finalizing Your Mortgage

Your Lawyer will meet you two to three days prior to the closing date. He will review all the documents with you and would make you sign purchase and mortgage agreements.  At this point, you must collect any deposit or down payment required to complete the sale.

The Buyer’s lawyer would have received all documentation required by the Seller’s lawyer to transfer title, and your lawyer will review these documents with the Buyer. Now, the closing date has arrived. On this date, the Seller’s lawyer receives the necessary funds to finalize the transaction from the Buyer’s lawyer. The documents will now be sent to Land Titles for registration electronically by the Buyer’s lawyer.

Welcome Home!

Congratulations! You have just become a new homeowner at this moment. One of the biggest investments of your life has been completed successfully. Enjoy your new home!

If you have been considering Buying, Selling, or Renting your home or have avoided the notion due to a negative experience, let Arsh Syed, a Real Estate Agent in Toronto, manage the deal.

His experience and understanding have been indispensable. He desires Toronto’s housing crisis to improve. He wants to establish relationships and spread the word about his exceptional service, increasing the likelihood that renters and property owners would place their faith in him.

Arsh wants property owners to know that by hiring him, they are drastically reducing risks, saving time and saving money.

For further information about his services, please visit or contact (416) 844-2217


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