How do I start the process of buying a condo or house in Toronto?

The first and most crucial step is getting pre-approved for a mortgage. This clarifies your exact budget, protects you against rising interest rates for up to 120 days, and shows sellers in the competitive Toronto real estate market that you are a serious, qualified buyer.

Should I buy a new home first or sell my current property in the GTA?

This depends heavily on current local market conditions. In a seller's market, buying first ensures you secure your new home. In a buyer's market or shifting economy, selling first is often safer to avoid the financial stress of carrying two mortgages. We will strategically analyze the GTA market together to make the best decision.

What are the typical closing costs for real estate in Toronto?

Buyers should budget approximately 1.5% to 4% of the purchase price for closing costs. Crucially, if you are buying within the City of Toronto, you must account for the double Land Transfer Tax (both Municipal and Provincial). Other costs include legal fees, title insurance, and potential property tax adjustments.

How long does it take to sell a property in Toronto and the GTA?

While average days on market (DOM) fluctuate, a correctly priced and professionally staged home can sell in just a few days to a few weeks. As an experienced Toronto real estate agent, my aggressive marketing and staging strategies are designed to minimize your time on the market while maximizing your sale price.

Do I need a real estate agent to buy pre-construction condos?

Yes, it is highly recommended. The sales representatives at the presentation centre work exclusively for the builder to protect their interests. Having your own real estate agent ensures you have a dedicated advocate on your side. An experienced agent will help you navigate complex builder contracts, analyze floor plans, negotiate crucial details like development levies, and guide you through the mandatory 10-day cooling-off period to fully protect your investment.

Shen Walji | Toronto Detached•Semis•Towns•Condo & First Time Buyer Expert

Meet Shen Walji

A Toronto real estate agent who puts his clients first

Passion, grit and a results-driven work ethic is how Shen has become an award-winning real estate agent in Toronto and the GTA. Real estate is more than buying or selling a property. It’s about what the right real estate agent can do for you. From the very first discovery call to closing a deal, he works tirelessly to build a plan that supports his clients every step of the way.

Email Shen or call/text directly at 437-912-9288

How I do it

Immersive Home Viewing with Cutting-Edge Technology

Welcome to the immersive experience of my latest listing, where every corner of this property is captured using cutting-edge drone technology and exceptional storytelling. Your potential buyers will experience the essence of your home like never before.