- We don't just build buildings we build homes, and the homes we build are for life.
- Condo living gives you the benefit of owning your own home, with none of the maintenance worries.
- Why wait? You can move in right away.
- Buying your first home can feel like a big step. When you buy a Tridel home, the step feels a lot smaller.
- The quality of care our customers receive at Tridel is as important to us as the quality of the buildings they live in.
- Rent a Tridel Condo at the right location for the right price. Extended stay, furnished & unfurnished.
- When you buy a new Tridel home, you get an exciting new lifestyle to go with it.
- We are at your service 24 hours a day. Drop us a line, we'd love to hear from you.

Peace of Mind

Condo Lifestyle

Toronto Loft Living

Quality Of Living Environment

Considering A Condo

Steps in Buying a Condo

What Can I Afford

Why You Need A Lawyer

What Can I Afford

You will need to estimate your income, expenses, investments, savings and debt to determine what would be an appropriate mortgage for you. Bank of Montreal has an interactive worksheet that can help you with this exercise. The Bank of Montreal website provides a description of various types of mortgages along with the advantages of obtaining a pre-approved mortgage.

Some examples of these guidelines include:

Total monthly mortgage payments should not exceed 27% - 32% of your monthly income before taxes.
Total monthly payments for the mortgage and other loans and credit cards should not exceed 37% - 40% of your monthly income before taxes.

Click here for Tridel's Mortgage Calculator.

Other Home Ownership Expenses

It will be important to calculate all other expenses associated with a home purchase, as well as what you can afford for a down payment and mortgage payments. Monthly expenses can include: utility expenses (hydro, phone, cable, internet), entertainment, taxes, credit card payments, and any other recurring expenses.

You may want to check your monthly statements and credit card or bank statements (for any automatic monthly payments), to give yourself as accurate a picture as possible.

For further information, we suggest the following websites: Bank of Montreal, Canada Mortgage and Housing Corporation, and Royal Bank

First Time Buyer Benefits

The purchase of one's first home is a big step, and as a result can be quite daunting. There are several programs available in Ontario that can help make the process a little easier. Click here to download a summary of new home incentive programs such as Ontario Home Ownership Savings Plan (OHOSP), the Land Transfer Tax Rebate, CMHC - Mortgage Insurance and the RRSP Home Buyers' Plan.

Click here for more information for first time buyers

Additional Costs

Beyond the actual purchase price of the home, there are other costs associated with buying a new home. These are called closing costs and usually are about 2% of the total cost of your home.

Based on a $200,000 Condo in the GTA - some estimated numbers are:

Tarion Warranty Corporation enrollment fee- approx. $520
Land transfer tax $1,725
Legal Fees $750 - $1,500 plus disbursements
Home insurance approx. $450/ year
Hydro Meter (if applicable) $450 - $600

You will also need to allocate costs for moving, storage and decorating in your "new house" budget.