Michael  Tepper

Michael Tepper

Broker of Record & Broker/Owner

NADLAN Realty LTD. Brokerage.

Mobile:
647-746-6300
Office:
647-476-3076
Email Me
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Nadlan realty | Foreign Investors in Toronto and Canada Real Estate | www.nadlan.ca

 

Foreign investors in Toronto or Vaughan real estate in Canada

Nadlan Realty has worked with foreign investors from Israel in Toronto for over 10 years. The investors purchased condominiums units for rent. To do so, we've made sure to provide the utmost service and loyalty to our clients, knowing that ensuring their trust is the most important aspect of our work

INVESTING FROM ABROAD

Nadlan Realty has worked with foreign investors from abroad for over 10 years. To do so, we've made sure to provide the utmost service and loyalty to our clients, knowing that ensuring their trust is the most important aspect of our work

Our brokerage Nadlan realty has served clients from the US, Europe and Israel in finding a property to buy, rent and sell. In fact, about 50% of our clients live outside of Canada and all of them have continued to work with Nadlan Realty when purchasing and renting out their second and third properties. Our clients are first and foremost our friends, and we put ourselves in their shoes when we represent them here in Toronto Canada, always keeping their best interest in heart and mind.

In case you are a first-time investor, we've compiled some Q&A's for you below.

How much down-payment does a foreigner have to put down when buying a residential or commercial property?

Canadian residents are required to pay 25% of the total cost when purchasing a property. A non-Canadian investor is required to pay a 35% down-payment through four installments to their lawyer's trust account, where the last payment is due when the unit purchased is ready for the buyer to move in (or rent). The final payment of the remaining 65% is due when the builder registers the building as a corporation and officially transfers the title (the equivalent to Tabu in Israel) to the buyer.

A mortgage pre-approval is required upon the initial purchase of the property, to demonstrate that they will have the money when the full payment is required. This is true for Canadian residents and foreign investors alike.

Does it matter what I do with the property afterward?

Yes! The property purchased can either be considered a principal residence or an investment property.

If buyer or relative (first degree of separation) moves into the property then it is considered a principal residence and the contract price is the price of the property.

If buyer/owner rents out the property before the property is registered on the title (which may take up to a year or two), then the property is considered an investment property and the buyer is required to pay a portion of the purchase price to the builder because the builder can’t claim this money from the government.

What services does Nadlan Realty have for foreign investors?

Since so many of our clients are foreign investors, we realized that to provide optimum service meant to cover all the bases. That's why Nadlan Realty not only offers help and guidance in buying, selling or renting a property, we also provide property management, mortgage advise, and accounting services.

We're confident that you'll be pleased with our service. You can read our testimonials or ask to speak with our past clients about their experience with Nadlan Realty.

If you have more questions, contact us and we'll be happy to provide you with more information.

 
 
 
 

About Nadlan Realty

Michael Tepper- real estate broker & owner Nadlan realty in Toronto    

NADLAN Realty Ltd.

Office: 647.476.3076  WhatsApp: +1.647.746.6300

Real estate | Finance | Property management

Putting our clients first: Nadlan Realty for all your realtor & property management service needs

For Sellers: Full service brokerages charge 5% MLS listing commission that split between the two brokerages. The co-operate brokerage act as buyer's agent receive 2.5% + HST from the Listing brokerage on closing. Nadlan realty will keep 1% MLS Listing Commission and not 2.5%. It's a saving of 1.5% for the SELLER, on $1,000,000 its a saving of $15,000. The total commission seller pay is 3.50% and not 5%

For Buyers: From mortgage pre-approval to home buying and closing.

For international investors: From property purchasing to property management of your properties in Toronto and Vaughan Canada.

#mls #mlslisting #Toronto #Torontorealestate #Torontohome



Education: Ben Gurion University- B.Sc. Industrial Engineering & Management. Tel Aviv University- B.Ed. Teacher diploma, math & science in high school OREA College- Real estate broker

Specialty: Real Estate Broker Member of the Toronto real Estate Board, OREA and CREA Work with sellers, Buyers & investors in residential real estate, Resale condos and Homes, Condos managements for non-Canadian investors, VIP Platinum broker invite to new condos events for brokers, Commercial real estate, License Mortgage Broker with FSCO, Speak: English & Hebrew

Experience: 18

Area Covered: Toronto, North York, Bathurst Manor, Toronto Midtown, Toronto downtown, Vaughan,Thornhill, Thornhill Woods, Richmond Hill, Newmarket, Markham

Languages Spoken: English, Hebrew



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