Episode 4 - Personal Finance Series - Real Estate 1% Toronto

All dollar figures are in CAD.

Our Twitter: https://twitter.com/OnePercentTO

Our Email (Please sponsor us, Matt really needs a new mic): onepercenttorontopodcast@gmail.com

What we use to see real estate trends and historic data: http://trreb.ca/index.php/market-news

What we use to browse condos when taking a dump in the morning: https://condos.ca/

Experienced realtor who is willing to help the 1% Toronto Listeners: https://www.instagram.com/jackywurealtor/

Mortgage brokerage: https://monstermortgage.ca/

TL:DL

1 - Purchase price of property

2 - Down payment (at least 5% - 20%)

3 - Mortgage = Purchase price - Down payment

4 - Find Realtor

5 - Bid on property

6 - Closing costs + lawyer (Approx 5% of purchase price - INCREMENTAL)

7 - Reoccurring property expenses (maintenance fees/Utilities, property tax)

8 - Invite us to your house warming