Real Estate Services Archives - Black Wall Street Canada

Commercial Real Estate

Black Wall Street Canada — Tue, 21 Jun 2022 13:00:00 +0000

01. We Are Commercial Real Estate Experts!

Buying real estate is a costly undertaking, and business owners need to exercise due diligence every step of the way. Without proper planning, entrepreneurs can face a host of problems, including inadequate financing, unexpected construction costs, inefficient layout and environmental lawsuits. Our commercial Realtors have over 10 years of experience with Class A, B & C buildings.

02. Understand the Local Commercial Real Estate Market

Before making a decision on what to buy, entrepreneurs should take heed to what geographic area they are buying. Each local market has its own tax rates, land inventory and environmental issues. The supply of skilled labor in the area also needs to be considered.

Before proceeding with any decision on where to buy your real estate property, spare some time to learn and understand the market, in which you plan to invest. Familiarize yourself with:

Canadian Interest rates

The Bank of Canada raised its interest rate, a first in seven years. Such a move usually has an influence on the cost of borrowing on variable-rate mortgages and other loans. The reason you should watch out for any increase (or decrease) is that an increase affects the growth of companies and consumer spending, which in turn affects demand for commercial and residential properties.

Ontario Area Demographics

Demographics and things like population growth count as predictive tools that can help you as an investor figure out market dynamics. Think of it this way. Different segments of the population may be motivated to move to one place or the other or purchase a home in a specific neighborhood due to life events like starting a family, getting married, receiving a promotion or raise, the need for a retirement home, and so on.

As they move and settle in these places, new opportunities will arise. For instance, there will be a demand for things like childcare facilities, and places to shop, eat or hang out. A place with a high concentration of boomers will definitely create demand for healthcare services.

Chances are many of the people in these demographics will seek these services in places that are close to their homes, a situation that can fuel demand for office or commercial space for those looking to meet the needs of these people.

Similarly, locations with strong population growth may require additional services due to rising consumer demand. More cafés, grocery stores, support services, specialty shops, etc. will be needed. This translates to a demand for more commercial space.

Other Commercial Real Estate factors that are just as important to familiarize yourself with include:

Tax matters (both at the Canadian federal and provincial levels)
Property ownership – Learn about the requirements and rights related to ownership of property as a Canadian citizen, permanent resident, and non-resident.
Competition
Environmental Issues in Canada
Investment options available – Apartments, income properties, mixed-use properties, flipping, new construction, etc. Learn about the advantages, disadvantages, and risks of these.
Supply of skilled labor in Ontario

Some of the aforementioned aspects, like tax and purchase laws, financing, and property ownership, undergo changes more often. Therefore, you’ll have to keep yourself up to date just so that you don’t end up making costly decisions.

Once you’ve understood Toronto’s Commercial real estate market, the next thing you’ll want to focus on is how one can find a list of commercial real estate properties that tick all the boxes in relation to their needs. That’s where we come in.

03. Let’s Work!

How can we help you today? Whether you are looking to purchase or lease a commercial property we can assist with every aspect of the transaction. Simply fill in the form below and we will contact you for a no-obligation consultation.

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Pre-Construction

Black Wall Street Canada — Tue, 21 Jun 2022 09:00:57 +0000

CATEGORY

Real Estate

SERVICE

Pre-Construction Sales

STATUS

2024/2025/2026 Projects Now Available

Click Here to see what Pre-Construction Projects we currently have available

01. What is a Pre-Construction Home?

A pre-construction home is exactly what it sounds like, a house you buy before constructed.

Buying brand new provides the opportunity to own a home that no one else has ever lived in. And because the house is in the pre-construction phase, you have the opportunity to customize it to your preferences.

Most styles of homes are available for pre-construction buying, including:

High-rise condos
Low-rise condos
Detached houses
Semi-detached houses
Townhouses

For a condo development, you’ll buy a home from blueprints or a 3D computer rendering that provides a simulated walk-through. For houses, you can usually visit a model home that sits on the lot of the future development. Although model homes tend to be highly aspirational in their decor, it’s your chance to get a more realistic look at what you’ll be buying.

02. The Benefits of Pre-Construction Homes

So, what’s the big attraction of a pre-construction home? There are quite a few benefits, including:

Warranty

Like buying a new car, a brand new home comes with a warranty. The warranty programs in Canada offer protection for newly built homes, including delays in occupancy and closing coverage, protection for your deposit, and the cost of repairs should there be issues once you move in.

Lower Price Tag

Pre-construction homes can offer better value than the resale market, because you’re essentially buying a promise. You put down your deposits (as per your purchase agreement), and the builder promises to deliver a home by a specified date.

No Bidding Wars

Depending on where you’re shopping for your home, bidding wars can really knock up the price. When inventory is low, buyers are desperate, and the more attractive the home and neighbourhood, the more chance you could end up paying an inflated price for a resale home. When it comes to pre-construction, you’re looking at a set price. You’ll know exactly how much you’ll be paying, usually at fair market value.

Designer Home

You have the option of designing your home with plenty of upgrades available. There are not only got upgrades for finishings like kitchen counters and flooring, but you can often make structural upgrades, including adjusting some floor plan options.

Because you’re making all your decisions during the building process, they are far more affordable than a reno or upgrade once you move in. The pre-construction process allows you to make smart decisions that will increase the resale value of your home.

Lower Condo Fees

When buying a brand new condo, the condo fees are lower in new builds than in resale condos. That is because everything is new, and the management has yet to see how much it costs to operate the building or property, so, as you will read below, this can also become a drawback.

Flexible Deposits and Down Payments

Although you tend to need more for a deposit or down payment for pre-construction, the payments are staggered. You have time to keep saving as there is a small amount paid upfront, and the rest is paid on a schedule that leads up to the final closing.

Better Choices

You’ll have more choices when buying pre-construction compared to resale condos, such as the floor of the unit and the location of your unit (i.e., a corner unit or a better view).

10-Day Cooling Off Period

You’ll have 10 days to “cool off” and reconsider your purchase. You can arrange for financing and have a lawyer review the agreement during this time. Should you change your mind or find something in the deal you don’t like, you can get your full deposit back and walk away.

Click Here to see what Pre-Construction Projects we currently have available

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Buying Land In Canada

Black Wall Street Canada — Tue, 21 Jun 2022 08:00:35 +0000

CATEGORY

Real Estate

SERVICE

Buying Land in Canada

STATUS

Licensed Realtors are Ready To Go!

01. How to Buy Land in Ontario, Canada

What You Should Know

When buying land in Ontario, Canada you'll need to have a land survey conducted and figure out zoning for the land.
You can get land loans to finance the purchase of land, or use HELOCs, personal loans, or receive financing from the seller of the land.
Land loan lenders will require a down payment of between 30% to 50%, with higher required down payments for remote and inaccessible land.
You can purchase privately-owned land from private sellers, or public land owned by the provincial government, also known as Crown land.

02. A Few Things To Look Out For

You might be looking to buy land in Ontario to build your future home, for commercial purposes, or as an investment. Buying land in Canada can be complicated and requires a lot of research. Here are a few things to look out for when buying land in Ontario.

Different Types of Land in Ontario:

There are three types of land that you can purchase in Ontario: Raw Land, Vacant Land (zoned land), Crown Land

Raw Land

Raw land is land that has never been developed before. Raw land won’t have any utilities such as power and water, and there won’t be any structures on the land. There might also not be any road access. Raw land is privately owned.

Vacant Land

Vacant land is land that is serviced or partially serviced, which means that it may have power, water, septic, road services, and existing improvements or developments on the land. Vacant land is also privately owned.

Vacant Land or Not Vacant Land?

Vacant land is land that doesn’t have any permanent structures or have been largely developed. For example, an open field would be considered to be vacant land. Farmland would most often not be considered to be vacant land.

HST will only apply to vacant land that has been used for business purposes. If the land was for personal use, such as for a residential home, then there would be no HST charged.

Most land in Ontario is Crown land, which is public land owned by the provincial government. Nearly all of northern Ontario is Crown land, while southern Ontario is mainly privately-owned land. In fact, 87% of Ontario is Crown land!

Buying crown land has restrictions and conditions on the use of the land. Crown land can be bought or it can be rented for specific uses. Applications to purchase or use Crown land will be reviewed using Ontario’s Crown Land Disposition Policy, which helps to ensure sustainable development. Crown land is sold at market value, with exceptions allowing Crown land to be sold under market value for purposes that benefit the public.

If you choose to rent Crown land, your rent is based on the market value of the land, with a minimum annual rent amount.

What kind of land should I buy?

Raw land is the cheapest to buy, but it also requires the most work. You will need to connect services and utilities, or develop them yourself if municipal services are not available. This might include building a water supply well, a septic tank, and physical road access. Vacant land can be more expensive than raw land, but it is easier to get financing for and to develop.

03. How to Finance Land Purchases in Ontario

Land Loans

You can get private financing to purchase land in Ontario. Vacant and raw land is risky for a lender since you are not directly attached to the land, compared to a residential mortgage where you can be at risk of losing your home if you miss your mortgage payments. Depending on the type of land, you will need to make a down payment of at least 30% to 50%.

Raw land will require a higher down payment, have higher interest rates, and will be harder to get a loan for. You may need to go through an Ontario private lender or a mortgage broker to get a land loan.

Some lenders, such as First National, consider land loans to be under commercial financing. This means that they may require you to have cash flow from other properties or cash reserves.

HELOCs and Personal Loans

Depending on how large the purchase is, you may choose to pay for the land using cash, a personal loan, a HELOC, or a combination of these. If you currently own a home, you may use a home equity line of credit to borrow money to purchase the land.

You could also pay for the land purchase through a mortgage refinance on your current home or by getting a second mortgage on your home.

Seller Financing

Seller financing, or owner financing, is when the seller of the land acts as a lender. You will purchase the land from them by making a down payment, and then you will make loan payments to the seller just like you would make mortgage payments to a bank.

What to Look Out For When Purchasing Land in Ontario

Zoning

Zoning controls how the land can be used and what buildings can be constructed. For example, if you purchase land that is zoned for agricultural purposes, then the land will need to primarily be dedicated towards agriculture. You can request a zoning bylaw amendment or rezoning, however, it is a lengthy process with no guarantee of approval. You will need to also get a building permit from your municipality.

Land Survey

You will need a land survey done so that the boundary of the land lot can be determined, along with easements, restrictive covenants and any structures or features in the lot.

Access

For raw land or for land that doesn’t have existing road access, building a private road extension or driveway to access your property may require going through the property of other privately-owned land. You may also consider paving an existing gravel road. Having gas, phone lines, and power lines run to your home can be costly.

Soil Test

If your property isn’t serviced by a local municipality, you may need to construct a well and a septic system for water and sewage. A soil test (percolation test) will be needed to see if the ground of your property is suitable for the construction of a septic system.

Development

You could use a construction loan to finance your home construction. If you purchase a lot from a subdivision, there might be a condition that you must use their builder.

The cost of developing your property will depend on your land, such as removing trees and brush to prepare for construction. If it is a heavily wooded lot, lot clearing can be a significant expense.

Not all land can be developed. Land lots might have conditions and restrictions on the land title which may prevent the construction of any buildings or prohibit certain uses of the land. This is called restrictive covenants. Restrictive covenants are attached to the title, which means that it will be passed along to you during the sale of the land. Restrictive covenants automatically expire after 40 years.

Taxes

You will need to pay Ontario land transfer tax when you purchase the land, and you’ll also need to pay Ontario property taxes even if you haven’t built a home on the land yet. Some municipalities may have lower property taxes for vacant land.

Do I have to pay sales tax when buying land in Ontario?

You do not have to pay Ontario sales tax on the purchase of most vacant land. If the land that you are purchasing has been subdivided by an individual, such as in a subdivision with three or more lots, you will need to pay HST.

Building a Cottage on Crown Land in Ontario

There are plenty of places to buy a cottage in Ontario, but did you know that you can build a cottage on Crown land in Ontario? Ontario only allows Crown land to be used for cottage lots if the land is located within the boundary of a municipality, and the municipality will need to request for disposition of the land to be used for cottages. Crown land can only be used if private land is not available. Ontario will also not allow Crown land to be used for cottage development on lakes that have lake trout, or if the land has cultural value.

The process for being granted disposition to use the Crown land can be lengthy, and the burden is on the applicant to get the approval process rolling. According to the Government of Ontario, municipalities acquiring Crown land for cottages include Elliot Lake, Pickle Lake, Ignace, Sioux Lookout, Coleman Township, Greenstone, and Atikokan.

Ready To Buy Land? Contact Us Below

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Apply | Mortgage Solutions

Black Wall Street Canada — Tue, 21 Jun 2022 07:00:58 +0000

CATEGORY

Real Estate

SERVICE

Mortgage Solutions

COUNTRY

CANADA

STATUS

Licensed Mortgage Brokers are Ready To Go!

Why should you hire us to help you with your Mortgage in this market?

Two words: Local Intelligence.

Two more words: Radical Transparency.
Ok ok two more words: User Friendly.

= Effective Mortgage Solutions

Mortgage Solutions Specializing In:

01.First Time Home Buyer Program

Entering the housing market and aren't quite sure what you can afford? We can help. We have many mortgage solutions to get you easily pre-approved. Our team of experts can guide you through to your first home and help you make the best financial decision.

02. Residential Mortgages

When refinancing or buying, it's not just about securing the lowest Canadian mortgage rates but also getting a right mortgage solution that's crucial to the long-term value of your most important investment.

03. Re-Financing and Equity Loans

Our mortgage brokerage can help you refinance your mortgage and secure a home equity loan or renovation financing, leveraging the equity in your home for other expenses. We have many mortgage solutions that we can tailor to your exact needs. Real Solutions, For Real People.

04. Commercial Mortgages

Commercial mortgages in Canada are subject to different regulations than residential mortgages - our Findlay mortgage agents can guide you through the process for a stress free experience through our many mortgage solutions that we have available to our clients.

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We Provide Mortgage Solutions!

We believe that buying a house, like any major life milestone, should be a positive experience. Our mortgage brokerage aims to solutions to make your home buying experience stress-free and straightforward, with the comfort of knowing you're backed by a trusted team of Canadian mortgage agents and brokers.

Whether it's your first home or your fourth, our affiliated mortgage brokers have facilitated hundreds of millions of dollars in financing for Canadian homeowners, along with an unparalleled insight into Canada's current mortgage rates and housing market. Black Wall Street Canada's strategic partnership with the top mortgage brokers allows us to offer mortgage solutions & expertise in both residential mortgages and commercial mortgages, while our diverse resources provide the lowest Canadian mortgage rates exclusive to our clients.

At Black Wall Street Canada, we are backed by trusted mortgage brokerages, as we believe that buying a house, like any major life milestone, should be a positive experience. A mortgage is simply a loan. Most mortgages take 15 to 30 years to be paid out. For some, it could even be a lifetime. Proper planning and exploring various mortgage solutions is essential to chart out mortgage payments so that the monthly dues do not become a financial constraint in the longer term.

As a trusted mortgage professional, we aim to make your home-buying experience stress-free and straightforward, with the comfort of knowing that you're backed by a reliable team of Canadian mortgage agents and brokers. Before you are approved for a mortgage, you may have many questions. What are fixed and variable payments? What are convertible variable rates? How long does the approval process take? Our team of experienced professionals will patiently walk you through all these terms, so you are aware and can make an informed decision.

Many clients, who come to us, get confused about the "mortgage term" and the "amortization period". The former is the period of time during which the current mortgage rate you initially signed for applies. The amortization term is the length of time provided to pay off the entire loan amount through monthly mortgage payments.

Any mortgage broker in Ontario will be able to make lofty promises, but our team is guarded enough to offer only what they can deliver. We will be honest with you about your deals. No pushy salesman-like tactics employed, just honest regard for your finances. Buying a home is a memorable milestone - Black Wall Street Canada can help you achieve that goal.

- Proudly Specializing in Ontario, Residential & Commercial Mortgages -

Toronto, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Grimsby, Hamilton, Niagara Falls, Pickering, Markham, Oshawa, Barrie & more! Inquire within.

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Selling Your Home In Canada

Black Wall Street Canada — Tue, 21 Jun 2022 06:00:03 +0000

CATEGORY

Real Estate

SERVICE

Selling Your Home

COUNTRY

Canada

STATUS

Licensed Realtors are Ready To Go!

We’re positioned in the marketplace to effectively & efficiently penetrate the neighbourhood demographics that we reside. Our modern strategies & forward thinking philosophies allows us to effortlessly stand out. With a strong background in Sales, Digital Marketing & SEO Optimization & eCommerce we have key strong advantages over our competitors to help get your home sold for the price you want!

More specifically, we make an effort to have our listings (your homes), stand out!

We’re picky and have strong preferences on how to position homes.

We prepare your home to allow for a deep connection with potential buyers allowing them to make quick, strong buying decisions helping you save time and put more money in your pocket.

What does that mean to you?

01. We are the Local Neighbourhood Real Estate Experts

Black Wall Street Canada has years of experience in urban communities in and around Toronto, Hamilton & GTA. Our primary areas of real estate specialty include Peel Region (Mississauga, Brampton, Milton) Halton Region (Oakville, Burlington) Hamilton, Stoney Creek, Grimsby, Niagara , York Region (Markham, Richmond Hill, Newmarket) Durham Region (Pickering, Ajax, Oshawa). We have a network of professional Realtors across the GTA (Greater Toronto Area) . There is nothing too far or too out o reach for our clients. If you’re looking outside the areas in which we work. Let us know and we’ll find you the right pro for the job. We’ve got great referral partners through our Century 21 network.

02. No Hidden Fees

We offer Free Registration, With No Hidden Fees. No Obligation. We pride ourselves on NOT being pushy sales people. We love making new connections and were genuinely here to help!

03. Always putting your best interests first!

Excellent customer service is our top priority, its no reason why Black Wall Street Canada, has been the winner numerous awards year after year since 2001! Our main priority is You our valued client, rest assure we always put your best interests first in every aspect of the transaction. We understand your needs, and we make it our mission to put them first. Your satisfaction, is our gratification.

04. Custom Marketing Plan

For many people their home is the largest asset they own. Taking care of you and your investment and making sure we do not leave any money on the table is not something I take lightly. Finding the right buyer for your home is the key, marketing to sell a home is very complex and the process needs to be well organized and planed.

As your Real Estate Professional, I will prepare a personalized marketing plan for your home that will maximize price and time.

05. World Class Marketing Budget with Professional Editorial Quality Photography & Videography

We will take care of all expenses associated with marketing your home. The cost of well done marketing will usually run you in the thousands of dollars, we will absorb this cost as an investment to help get your home market ready! Unlike other agents who are out to make a quick buck, and we invest our money in-depth online marketing campaigns, best virtual tour technologies, high resolution HD photography and videography. We put our money where out mouth us and we absorb this hefty bill in order to get your home magazine-worthy ready! After all, the better your home looks, the more we can get it sold for! Teamwork makes the dream work!

06. Too Many Reasons - Book your Appointment Today to Learn About More Great Perks

Strategy is key to every Victory, therefor we cannot post all of our home tactics online. Book your appointment today and we will go through our Award Winning Century21 Home Sellers Program, and allow you to experience for yourself why we are number #1 in our real estate market!

ARE YOU READY TO SELL YOUR HOME?

NEXT STEPS TO BEGIN THE PROCESS OF BUYING A HOUSE OR CONDO

There’s a lot to know when it comes to selling a home, especially in this competitive marketplace. Whether you are selling your first condo, moving to a bigger house or downsizing, there are a few steps that all must take to make the transition smooth. Contact us using the form below to get a free home evaluation consultation.

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Proudly Buying & Selling Real Estate in Toronto, GTA, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Hamilton, Grimsby, Niagara, Pickering, Ajax, Oshawa and Surrounding Areas. Licensed in Ontario, Canada.

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Buying A Home in Canada

Black Wall Street Canada — Tue, 21 Jun 2022 05:00:43 +0000

CATEGORY

Real Estate

SERVICE

Buying & Selling Your Home

COUNTRY

Canada

STATUS

Licensed Realtors are Ready To Go!

BUYING REAL ESTATE WITH BLACK WALL STREET CANADA

Why? Because there's an Art to the hunt. Buy With Confidence! Your needs as a buyer are unique and purchasing a home is one of the biggest decisions you will make. We understand that. When you make the decision to work with Black Wall Street Canada. You will be working with someone that is committed to understanding your individual needs and is committed to making the process as stress-free as possible for you.

Scroll Down For 5 More Reasons On Why You Should Hire Us To Buy Your Next Home!

BLACK WALL STREET FACT #01 - OUR SERVICES TO YOU WHEN BUYING A HOME ARE ABSOLUTELY FREE - NO HIDDEN COSTS!

Here's How It Works: Contact Black WallStreet Canada to get started with a free home buyers consultation. Once you feel comfortable moving forward, rest assured that when you use Black WallStreet Canada to buy your next home there is no cost to use our professional real estate services. That's right, it's absolutely free to use our professional buying services! As per Canadian home buying standards, Buyer Real Estate Agents get paid by the selling brokerage on all real estate transactions, so when you hire us, you get top-notch professional customer service, with no hidden fees!

BLACK WALL STREET FACT #02 - WE DON'T WORK WHERE WE DON'T KNOW.

Our team has years of experience in urban communities in Canada. We specialize in Ontario Real Estate, Black Wall Street Realtors are well versed in the downtown Toronto core & GTA. You won’t find us chasing paycheques all over Ontario just to make a buck. We care about your next home too much to do you that disservice. If you’re looking outside the areas in which we work. Let us know and we’ll find you the right pro for the job. We’ve got great referral partners.

BLACK WALL STREET FACT #03 - WE GIVE YOU ALL THE DATA UPFRONT.

We’ve got one of the most sophisticated property match systems out there that will help you stay on top of the real estate market in real time. That combined with our daily analysis of the real estate market which we send to our buyer clients to help put all the info into context ensures we’ve got he most informed and prepared Buyers in the market.

BLACK WALL STREET FACT #04 - WE'RE EFFICIENT.

We pride ourselves on being a paperless firm, which helps support the environment. We utilize the technologies of DocuSign and AuthentiSign, which gives us the ability to perform transactions anywhere, anytime, and in record time. Saving your time, money and potentially getting you the home of your dreams before other Buyers have a chance to put pen to paper.

BLACK WALL STREET FACT #05 - THE ROYALTY SERVICE TREATMENT

90% of our business is referral-based. We get these referrals because we envelop you with the best service you’ve ever had. From the first meeting, to moving in, we’ve got the systems and personnel in place to make sure your hand is held firm until the dust has settled. Our “move dashboard” that helps you manage the transition will blow your mind…and make changing addresses a pleasure.

BLACK WALL STREET FACT #06. WE'RE MASTER NEGOTIATORS.

We’re part of a small group of Ontario real estate agents that have completed the CNE aka Certified Negotiation Expert course and it shows. Our Buyers know what they want and we’re damn good and helping them get it. We win often due to this uber important skill we’ve honed.

ARE YOU READY TO BUY A HOUSE OR CONDO?

NEXT STEPS TO BEGIN THE PROCESS OF BUYING A HOUSE OR CONDO

There’s a lot to know when it comes to buying a home especially in this competitive market place. Whether you are buying your first condo, moving to a bigger house or downsizing, there are a few steps that all must take to make the transition smooth.

1. Become a client of Black Wall Street Canada, by filling in a Buyers Representation Agreement
2. Get pre-qualified for a mortgage or check with your current lender on the equity you have in your home and how much you will receive from the sale.
3. House hunt like a pro through the Black Wall Street Home Buyer Program, online and in-person with one of our professional licensed Realtors!
4. Make an offer and not be intimidated by the paperwork, negotiations or bidding wars
5. Be prepared for the closing process and costs so you don’t get caught off-guard
6. Set up utilities service & home insurance - Move in and enjoy!

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