Buying House In Toronto, ANY ADVICE?

RoyalReccon

Hi All,

We are planing to move to Toronto in Canada, and wondering if you have any advice about the process.

I have looked into for few websites for house listing and they seem promising, same sites provide you some advice about mortgage as well. but what i would like to know is if UK banks are able to offer any compatative deals to buy house in Canada?

Any other comments about the complete buying process are more then wellcome.

Thanks in advance for you kind help

Cheers

epz_2

get a canadian mortgage if you need one, you really dont want to be in a position where the exchange rate alters your monthly repayments possibly dramaticly.

also i doubt many banks will lend out there and if i recall canada's interest rates are lower anyway, best thing you can do is save up as much of a deposit as you can as banks over there will likey need a big one.

phlash

No

How do I get to work on time?

PROFESSIONAL_LANDLORD

phlash wrote: »

How do I get to work on time?

Move in with a slapper that lives near your workplace ,,,,,,,,,,,,,,,,,,,,,










AND you might get to bed earlier.

Canucklehead

Good morning: I suggest you take a look at the CMHC website (federal government info) http://www.cmhc.ca/en/co/index.cfm and also visit www.britishexpats.com Canada discussion forum where you will find valuable info about many things Canadian including housebuying etc.

HTH

Canucklehead

RoyalReccon

Yes

Canucklehead wrote: »

Good morning: I suggest you take a look at the CMHC website (federal government info) http://www.cmhc.ca/en/co/index.cfm and also visit www.britishexpats.com Canada discussion forum where you will find valuable info about many things Canadian including housebuying etc.

HTH

Canucklehead

Thanks a Million Canucklehead for your kind advice much appriciate that.

Any idea about which UK banks provide motrgage for House in Canada, As it would be a better option due to £ rates are better against $ CAD from last 3 years and continue to grow.

Canucklehead

RoyalReccon wrote: »

Thanks a Million Canucklehead for your kind advice much appriciate that.

Any idea about which UK banks provide motrgage for House in Canada, As it would be a better option due to £ rates are better against $ CAD from last 3 years and continue to grow.

Good morning: Take a look at...
http://britishexpats.com/forum/showthread.php?t=459407&highlight=mortgages

post a query on that thread or start your own... also post your questions on the Mortgage forum on MSE for better coverage. I can't advise on UK mortgages for foreign purchases, I can only direct you to relevant information...check the websites of UK banks or ,better still, a couple of phone calls to UK banks should clarify the situation.

HTH

Canucklehead

patchwork_cat

Hi
Surely the £100 000 would depend on where in Toronto. Toronto area is very large.

patchwork_cat

Hi
A lot of people in our area are emigrating in my daughters class 10%. I feel very unsettled and would like to emigrate to Canada, which is where my maternal grandparents came from.

Can I ask what is motivating you to emigrate?No attacking at all, I am just wondering as I am fed up with UK, but my husband always says it is no different anywhere else.

Jem8472

Yes

good luck if you do move to Toronto! I love the city I have been there a couple of times and I would love so much to live there!!!! I proposed to my girlfriend last year when we went for a holiday.

Like someone said above, it depends where in Toronto you are going to buy but I am sure you will find somewhere nice.

saunaboy

don't buy in a place called Lawrence And Jane or something. You'll get shot.