Etobicoke is an equity market. Much of the housing stock is freehold and long held, so most of the work here is releasing equity that has accumulated quietly rather than arranging purchases.
What we see most in Etobicoke
- HELOCs and equity takeouts on long-held freehold homes
- Refinancing to fund renovations or a child's down payment
- Humber Bay and Lakeshore condo purchases
- Renewals where the current lender's offer is not competitive
- Debt consolidation against substantial accumulated equity
The Toronto tax catch
- Etobicoke is part of the City of Toronto, so purchases pay both the provincial and the municipal land transfer tax. It is a common and expensive surprise.
- Renovations, a down payment for an adult child and debt consolidation are the three situations that repeat. A HELOC or refinance costs a fraction of unsecured borrowing.
- Along the Lakeshore and Humber Bay condo corridor, the same status certificate and unit size questions apply as they do downtown.
Neighbourhoods we cover
- Humber Bay Shores and Mimico
- The Kingsway
- Islington and Islington Village
- Long Branch and New Toronto
- Rexdale
- Alderwood
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