Cheema Realty Group

Cheema Realty Group Award Winning Real Estate Team Serving in the Greater Toronto Area 📍

The down payment gets plenty of attention, but it’s not the only cash needed to close on a home.From land transfer tax a...
08/25/2026

The down payment gets plenty of attention, but it’s not the only cash needed to close on a home.

From land transfer tax and legal disbursements to title insurance, adjustments, and potential HST on new construction, closing costs can add thousands to the amount needed to complete a purchase.

For properties within the City of Toronto, buyers may be responsible for both provincial and municipal land transfer taxes. Eligible first-time buyers may qualify for available rebates, but eligibility should be confirmed before closing.

Understanding the full financial picture early makes it easier to plan with confidence and avoid surprises on closing day.

This post is for general information only. Buyers should obtain a written estimate from their real estate lawyer and confirm financing costs, HST treatment, and available rebates for their specific purchase.

Ontario just rewrote the eviction and late-rent playbook, and most people won’t hear about it until it’s too late. 🏠⚖️He...
08/21/2026

Ontario just rewrote the eviction and late-rent playbook, and most people won’t hear about it until it’s too late. 🏠⚖️

Here’s what’s actually changing on September 21, 2026 (plus one Mississauga-only rule starting September 1):

📌 N4 notice for missed rent: 14 days → 7 days
📌 “Persistent late payment” now has a real definition (3x late in 6 months)
📌 Tenants may need to pay 50% of arrears before raising issues at a hearing
📌 N12 move-in evictions: 120 days’ notice can waive the 1-month compensation
📌 New 60-day rule to prove a move-in eviction was genuine
📌 Renovation (N13) evictions now require written updates + a guaranteed right to return
📌 Mississauga landlords also need a City licence for renovation evictions

Whether you’re a tenant or a landlord, these timelines matter. Save this post so you have it when you need it. 📥

Questions about how this affects your lease or your property? Drop them below or DM me. 👇



⚠️ This is general information, not legal advice, consult a paralegal or lawyer for your specific situation.

08/04/2026

🏡 How much do you REALLY need for a down payment in Ontario?

Many buyers think they need 20% down to buy a home… but that’s not the case.

Here’s how the minimum down payment works:

💰 Homes up to $500,000
➡️ Minimum 5% down payment

Example:
A $500,000 home = $25,000 minimum down payment

💰 Homes between $500,000 and $1.5 million
➡️ 5% on the first $500,000
➡️ 10% on the remaining amount above $500,000

Example:
A $1.1 million home:
• 5% of the first $500,000 = $25,000
• 10% of the remaining $600,000 = $60,000

✅ Total minimum down payment = $85,000

🏠 Homes $1.5 million and above
➡️ Minimum 20% down payment required

Remember, your down payment is only one part of the cost of buying a home.

You should also plan for additional closing costs, which may include:
🏷️ Land transfer tax
⚖️ Lawyer fees
📄 Title insurance
🏠 Home inspection and other property related costs

The exact costs depend on the property, your situation, and where you’re buying.

Understanding the numbers, rebates that you may qualify for, and the process of buying before you start your home search helps you make smarter decisions and avoid surprises.

Have questions about buying a home in Ontario or want to know what you may qualify for?

📧[email protected]
📞 647-482-2470

07/01/2026

HAPPY CANADA DAY

06/17/2026

Summer Social 2026 ☀️

A great afternoon spent with colleagues who feel more like friends. Always a pleasure connecting, sharing ideas, and networking with fellow realtors. Grateful to be part of such an amazing community!

🏡 FOR SALE IN NIAGARA FALLS | $815,000Welcome to this exceptional 3+2 bedroom, 4 bathroom home that perfectly blends sty...
06/15/2026

🏡 FOR SALE IN NIAGARA FALLS | $815,000

Welcome to this exceptional 3+2 bedroom, 4 bathroom home that perfectly blends style, comfort, and functionality.

Featuring a bright open-concept layout, this beautifully upgraded two-storey home offers:

✨ Cambria quartz countertops & custom kitchen backsplash
✨ Elegant cabinetry and added windows for abundant natural light
✨ Dual oak staircases & California shutters throughout
✨ Premium builder's lot
✨ Spacious primary suite with a spa-inspired ensuite, makeup vanity, and oversized dressing area
✨ Professionally landscaped backyard with a stunning two-tier deck—perfect for entertaining and summer evenings

Every detail has been thoughtfully designed to create a warm, sophisticated living space you'll be proud to call home.

💰 Asking Price: $815,000

📩 Message me for more details or to book your private showing. This one won't last long.
Ph:416-831-4070

🏡 Multiple Properties Leased in Across Toronto, Mississauga, Pickering, Milton 🔑 Are you a homeowner, landlord, or condo...
06/11/2026

🏡 Multiple Properties Leased in Across Toronto, Mississauga, Pickering, Milton 🔑

Are you a homeowner, landlord, or condo investor in the GTA looking for reliable, qualified tenants?

We make leasing simple and stress-free by handling everything from start to finish:

✅ Comprehensive tenant screening
✅ Credit, employment & income verification
✅ Maximum market exposure for your property
✅ Professional marketing & showings
✅ Smooth, hassle-free leasing process

Our mission is to protect your investment and place the best possible tenant in your property. 🔑

Whether your property is vacant now or coming available soon, we’re here to help.

📩 Send us a message today for a free consultation!

📧 [email protected]
📞 647-482-2470
📞 416-831-4070

Bank of Canada Announcement The Bank of Canada has held its overnight lending rate at 2.25% as of June 10, 2026.For buye...
06/10/2026

Bank of Canada Announcement

The Bank of Canada has held its overnight lending rate at 2.25% as of June 10, 2026.

For buyers, sellers, and homeowners, the latest announcement signals continued stability in borrowing conditions, but not without uncertainty.

Inflation remains elevated, economic momentum has softened, and trade-related pressures continue to shape the Bank’s outlook.

For the real estate market, this creates a “wait-and-see” environment where strategy matters.

Buyers may have more clarity around financing expectations, while sellers continue to benefit from thoughtful pricing, strong presentation, and a clear understanding of current demand.

Staying informed is key as the next rate decision approach.

Turn on post notifications to stay up to date on the latest real estate and market updates.

06/09/2026

When most people think about pre-construction real estate, they assume the original purchaser will hold the property until closing. However, that's not always the case.

Assignment sales offer a unique opportunity for both buyers and sellers, creating flexibility when circumstances change and opening the door to properties that may no longer be available directly through the builder.

While assignment transactions can present valuable opportunities, they also come with important considerations, including builder requirements, timelines, deposits, and contractual obligations. Understanding these details is essential before making any decisions.

Navigating an assignment sale requires careful planning and expert guidance. A trusted REALTOR® can help evaluate available options, explain the process, identify potential value and ensure every step is approached with confidence.

Considering a pre-construction purchase or exploring your options? Send a DM now to learn whether an assignment sale could be the right strategy.


06/08/2026

🔑 Multiple Properties Leased in May Across Toronto, Mississauga, Pickering & Milton!

Are you a homeowner, landlord, or condo investor in the GTA looking for reliable, qualified tenants?

We make leasing simple and stress-free by handling everything from start to finish:

✅ Comprehensive tenant screening
✅ Credit, employment & income verification
✅ Maximum market exposure for your property
✅ Professional marketing & showings
✅ Smooth, hassle-free leasing process

Our mission is to protect your investment and place the best possible tenant in your property.

Whether your property is vacant now or coming available soon, we're here to help.

📩 Send us a message today for a free consultation!

📞 416-831-4070 & 647-482-4070
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Toronto, ON
M5V1G1

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