I'm Matthew Foghi, Sales Representative with  HomeLife Victory Realty Inc., Brokerage.

Accomplishments

With over 8 years combined sales experience and another 6 years in customer/public relations, I have gained the necessary skills that ensure personal attention along with integrity and discretion in all my clients' endeavours.

In a recent survey conducted with my past clients, my highest rated valued qualities were my Negotiation Skills and knowledge of real estate trend and market.  I pride myself on my attention to detail and personalized service and I'm committed to providing professional, courteous and prompt attention, all to your complete satisfaction.

Whether a first-time buyer or a seasoned investor, let me ease you through the real estate process step-by-step, with my knowledge of the ins and outs of the Greater Toronto Area real estate market.

Specializations

My specialty is in Toronto's Both Residential and Commercial real estate. Closing dozens of Commercial & Residential Deals in the past few months including plazas, Condominiums, single family residence, industrial units, Retail Spaces, Commercial units and even a private airport in the past few months could be a good  indicator for you that you will be in good hands working with me.

Understanding Ontario New Land Transfer Tax

I can help you to understand Toronto's new Land Transfer Tax.

Who Pays:

This new tax is payable by the buyers of any residential property located in the City of Toronto.  First time home buyers are exempted from paying this tax on the first $400,000 of a property purchase.  It is a closing cost and needs to be paid through your lawyer.

When:

This tax applies to purchases signed after December 31, 2007 that have a closing date of Feb 1, 2008 and beyond.

Selling your home:

Take advantage of the rush to beat the tax.  Now is a great time to sell your home.  Buy another Toronto home before the end of the year, or escape the tax by moving to the 905-belt or beyond.

Buying a home:

Now is the time to buy, before this tax bite hits!  Move-up buyers can save thousands selling.

Examples:

  Property                Property
   Value   New Tax          Value     New Tax
  100,000     $725       $1,000,000    15,725
  200,000    1,725        1,200,000    19,725
  300,000    2,725        1,400,000    23,725
  400,000    3,725        1,600,000    27,725
  500,000    5,725        1,800,000    31,725 
  600,000    7,725        2,000,000    35,725
  700,000    9,725
  800,000   11,725
  900,000   13,725

5% on the first $55,000,
1% on the next $345,000
2% on the portion over $400,000