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Buy or Sell your home, virtually.
Book an appointment with a Faris Team Realtor® to learn more.
Why Choose Faris Team?
Professional, Local Realtors®
Your Realtor® lives where you live.
Exceptional Marketing
Our proven system sells your home faster and for more.
Best Experience Guarantee
We take the stress out of selling your home and you can cancel your agreement with us at no cost to you.
refresh resultsFarisVIP has the largest selection of homes for sale in Ontario not on Realtor.ca
Is your dream home on Realtor.ca already sold before you had the chance to view it? We can help. Find out how you can gain free access to the largest inventory of homes for sale, that are coming soon to the market.
Top Rated Real Estate Agency in Ontario, Canada
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How to find the best Ontario Real Estate Agents
Buying or selling a real estate property in Ontario is one of the biggest financial decisions someone makes in their lives. Deciding to buy or sell your real estate in Ontario is just the beginning of the process. The next important step is to find a capable realtor who can handle the process for you.
How do you choose the best real estate agent for your unique situation? Finding a capable realtor who will help you achieve your real estate goals is a determining factor in whether the process will be smooth or tedious.
At Faris Team, we have always prioritized client education. We believe that when clients are adequately educated about the entire process, they’re in the best place to make informed decisions about their purchases and sales. As a result, we have great relationships with our clients. In fact, it’s how we’ve been able to help clients buy and sell over 6500 homes.
In the spirit of client education, here are our best tips for finding the best Ontario real estate professionals:
Start by Researching Google Reviews
When clients are happy with their Ontario real estate experience, they’re keen to share why. Faris Team has more than 500 Google reviews from people who used our real estate agents to buy, lease or sell their properties. A Google review can be as powerful as a referral from a family member or friend.
You not only want a real estate agent with a lot of experience buying and selling properties, but one with up-to-date memberships and associations. As a rule, go with agents in Ontario who are members of recognized real estate associations and who are registered with relevant real estate regulatory bodies. In Ontario, that means being members of the Real Estate Council of Ontario (RECO).
Access Faris Team MLS Multiple Listings
If you’re looking to buy a new home or property, you want to ensure your real estate brokerage has a strong selection of multiple listing service in Ontario. There are many associated benefits to an Ontario real estate company that uses this service for their listings. As a buyer, it empowers you to view all of the properties that are available for sale within Faris Team Brokerage. As a seller, it gives you a preview of the expert marketing you can expect when you list with Faris Team.
Faris Team has over 150 active listings available. In fact, we have access to listings that aren’t even on Realtor.ca. This is one reason we’re your best choice for a real estate brokerage service when you want to buy a new home or property in Ontario.
Browse a Faris Team Open House
If you’re looking to buy or sell a property, there’s no better way to select the best real estate brokerage for you than by viewing an open house. Seeing how a brokerage showcases its properties will give you a good indication of what you can expect from using their services and help you decide if working with that brokerage is what’s best for you. Faris Team hosts in-person showings at the request of the client, and has Virtual Open Houses available to give customers on-demand access to view properties at their convenience.
What is RECO in Real Estate and Why is it Important?
RECO stands for Real Estate Council of Ontario. This is the regulatory body established by the government of Ontario that oversees the activities of every real estate brokerage and agency in the province. This governing body ensures that all real estate agents and companies are being ethical in their practices.
With RECO’s guidance, every real estate brokerage adheres to industry best practices and maintains standards throughout their business dealings. All reputable real estate companies in Ontario are members of this body. So, if your prospective real estate brokerage isn’t a member of RECO, it means they’re not a legitimate organization and therefore not operating with your best interests at heart.
Faris Team is a member of RECO and adheres to all its best practices. We are trustworthy, professional and proud to work within the boundaries of all legal and ethical limits in the industry.
The latest from our blog
Weekly Market Update September 13-19
Faris Team CEO and Broker, Mark Faris, says this week saw a bump in new listings in most areas which has led to an increase in sold properties. Although a week is a short timeline, it’s good to see a much-needed increase in inventory.
keep reading
First-Time Home Buyers’ Plan: The Basics
Buying a home for the first time can feel overwhelming. The Home Buyers’ Plan is a great program that helps many first-time buyers. If you’re in the market to buy make sure to contact us. We’re here to help and make your real estate experience stress-free.
Article courtesy of Zoocasa.com
The First Time Home Buyers’ Plan allows qualified first-time buyers to withdraw up to $35,000 tax-free from their RRSPs, to purchase or build a home. If a couple is buying together, and both are qualified first-time buyers, they can withdraw $35,000 each for a total of $70,000.
Eligibility
To be eligible for the First Time Home Buyers’ Plan (HBP), you must:
- Be a Canadian resident
- Be considered a first-time homebuyer
- Not have owned a home within the past four years
- Not have lived in a home that your spouse owned within the past four years, if you are now buying together
- Sign a written agreement to buy or build a home
- Intend on living in the home within one year of buying or building it
- Not own the home for more than 30 days before making the withdrawal
- Close the sale before October 1 of the year after you made the withdrawal
Buyers with special needs or who are purchasing homes that are more accessible for an individual with special needs, and/or who are eligible for the Disability Tax Credit, may also be eligible to use the HBP, even if the other eligibility requirements are not met.
Withdrawing from your RRSP
When you find a home you want to buy, you put in an Offer to Purchase (with any conditions you want—a home inspection and/or time to confirm your financing being the most common). Once the seller agrees, you finalize the Agreement of Purchase and Sale (APS) and book your home inspector. At the same time, you can fill out Form T1036, take it to the financial institution that holds your RRSPs, and withdraw the amount you need for your down payment, once you have a firm and binding APS.
To withdraw funds from your RRSPs, using the First Time Home Buyers’ Plan, you must print a copy of Form T1036. Fill out Section 1 yourself then bring the form to the financial institution that holds your RRSPs, so they can fill in Section 2 and make your withdrawal.
Once the withdrawal has been made, your financial institution will send you a T4RSP form, which confirms how much you withdrew. You’ll need to reference this form in the income tax return for the year you made your withdrawal.
Repaying your Home Buyers’ Plan
Because the Home Buyers’ Plan is considered a loan, it must be repaid. You have to repay at least 1/15 of the amount you borrowed each year. Repayment begins the second year after your withdrawal, and the full amount must be paid off within 15 years of that date. For example, if you withdrew funds in 2019, your first year of repayment will be 2021.
If a condition is not met, after you have made the withdrawal, you will have to claim the amount as income on your personal income taxes and you will pay tax on it. If you’ve already submitted an assessment for the year you made the withdrawal, you will be required to submit a reassessment.
Have questions about buying a home for the first time? We’re here to help.
While the information contained in this site has been presented with all due care, Faris Team assumes no responsibility or liability for any errors or omissions.
Weekly Market Update September 6-12
Faris Team CEO and Broker, Mark Faris, says many families shifting focus to back-to-school is likely the cause of a slight dip in numbers, and he very much still anticipates an active fall market.
keep reading
