Career Awards

Nadia Doncheva

I am a dedicated professional – team leader, ex-lawyer who has the intuition, vision, courage and strength to overcome impossible obstacles, when it comes to negotiating the deal I am as tough as it gets. My partner and I are privileged to be among the best and I have some of the top awards in the field – Remax Platinum Club (05),(07)! The secret of our success is very simple – we always keep the best interests of our clients at heart!
Serving Markham, Mississauga, Richmond Hill, Vaughan, and Toronto. Nadia specializes in:
  • Business Opportunities
  • Buyer Brokerage
  • Condominiums
  • Farm/Ranch
  • Lake/Beach Property
  • Luxury Homes
  • Office
Nadia’s Listings

416) 450-7995 (Mobile)
(416) 743-2000 (Office)

Sales Representative
Languages: Bulgarian, English, German, Greek


Официалните биографи на Георги Димитров и до днес крият подробностите за връзките му с Петър Дънов. Истината е, че Дънов Материалът Бяло Братство след 9 септември 1944 е публикуван за… [...]

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ДО ГЕН. СТЕФАН ЯНЕВ, МИНИСТЪР-ПРЕДСЕДАТЕЛ НА РЕПУБЛИКА БЪЛГАРИЯ УВАЖАЕМИ Г-Н МИНИСТЪР-ПРЕДСЕДАТЕЛ, Камарата на строителите в България като официален представител на Материалът Писмо на Камарата на строителите в България – казус… [...]

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Individual Awards

- RE/MAX Canada

Purchasing a home in the Canadian real estate market will be one of the most significant decisions of your life. Therefore, you need to know what you are paying for as you find a home to budget the home-buying process accurately.

One of the expenses associated with buying or selling a detached house, a townhome, or a condominium is closing costs. These are a wide range of fees generally paid at the end of the transaction, accounting for roughly one percent to four percent of the overall purchase price, depending on where the home is located.

So, what can you anticipate paying when you complete the acquisition?

What Closing Costs Must Be Paid When You Buy a Home?

Here are six closing costs you may expect to pay when you buy a home in Canada:

Land Transfer Tax

A land transfer tax is a levy based on the amount paid for the property. Some provinces, and in the case of Toronto, municipalities set the land transfer tax rate for real estate transactions. This will represent the bulk of your closing costs. However, because they can be exorbitant, some jurisdictions will offer partial rebates to first-time homebuyers to reduce the size of the tax bill.

Legal and Agent Fees

Another closing cost that buyers will face is real estate agent fees and attorney fees. These closing costs range from a few hundred dollars to thousands of dollars, depending on what is needed to be done, the size of the property price tag, and where the home is located.

Property Tax Adjustments

For most homeowners in Canada, property taxes are usually paid on a pro-rated basis. However, when you purchase a home, you might pay a portion of the property taxes for the year of the transaction. For example, if the owner has already paid the property tax for the year and you purchased the home mid-year, you would need to pay the adjustment to finalize the balance.


Did you purchase a pre-build? If so, you should determine if there are any additional closing fees. These are extra costs that the builder is owed due to fresh levies issued by the province or municipality.

Here are some other closing costs you may need to familiarize yourself with when acquiring a pre-build property since it will differ from a resale property:

HST or GST: A tax charged on the property’s purchase price and due at closing. Development and Education Levy: Some cities will apply development and education taxes on construction projects to help cover the cost of infrastructure and services. Mortgage Application Fee: Applying for a mortgage to purchase a pre-build property might require a mortgage application fee. Pre-Construction Costs: Buying a pre-build property might also require paying occupancy fees, upgrading finishes, and deposits to adjust original plans. Home Inspection and Appraisal Fees

A home inspection is a crucial step in the home-buying process to determine the property’s condition. The home inspector will examine everything from the foundation to the roof to the plumbing. This will help you identify any prior issues before taking the title of the property. The home inspection cost will depend on the size and age of the house, townhome, or unit.

Appraisal fees originate from professional evaluation of the home’s value. Mortgage lenders sometimes request this to ensure the property’s value is sufficient to secure the loan. If you opt for a “purchase plus improvements” type of mortgage, you will need an appraisal before receiving the mortgage approval and a second appraisal once the work has been completed to receive the improvement portion of the funds.

Mortgage Broker Fee

For most people, using the services of a mortgage broker to find and secure a mortgage requires no fees. In most circumstances, the broker is paid by the lender. In some cases, however, typically more complex situations, you may have to pay the mortgage broker yourself for finding you a lender and handling the necessary paperwork.

The More You Know

There are many costs associated with buying a home in the Canadian real estate market. All three levels of government maintain some type of tax, while industry participants typically have fees. While buyers and sellers expect closing costs, many are unaware of what these may be or how much they will add to the final balance. This is why it is critical to equip yourself with the knowledge of what you will be spending beyond the home’s purchase price. By working with real estate agents, attorneys, and mortgage lenders, you and your family can make the best and most informed financial decisions when searching for your next home.

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The post What is Included in Closing Costs When You Buy a Home? appeared first on RE/MAX Canada.

- RE/MAX Canada

During the 2020-2021 housing boom, nearly the entire Canadian real estate market was a seller’s market. The buying frenzy was intense amid historically low interest rates, minimal housing inventory levels, and enormous competition among prospective homebuyers flush with cash. Over the last year, the historic growth has subsided. With the Bank of Canada (BoC) aggressively tightening monetary policy by raising interest rates and trimming its balance sheet, the Canadian housing industry began to shift in the other direction, favouring buyers in many markets. With the spring market in full swing, you may be wondering what to do, if you’re selling in a buyer’s market.

In fact, more than half (55 per cent) of Canada’s housing markets were expected to shift into balanced or buyer’s markets this year, according to the RE/MAX 2023 Canadian Housing Market Outlook. A balanced market is when conditions reach an equilibrium (an equal about of supply and demand), and a buyer’s market is when there are more homes for sale than buyers. Indeed, it is a complete turnaround from what occurred before and during the coronavirus public health crisis.

“In sharp contrast to 2022, most regions analyzed in the report will experience more balanced conditions in 2023 – a trend that’s already starting to materialize as a result of current economic conditions,” the report stated.

So, for households looking to sell a property in this environment, how do you begin? We have compiled a guide of tips for selling in a buyer’s market:

Selling in a Buyer’s Market

Here are seven tips for selling in a buyer’s market in the Canadian housing sector:

#1 Price Your Home Correctly

It is crucial to make sure your property is competitively priced. It is important to remember that the buyer has the power to negotiate in a buyer’s market. Buyers also typically have more choices in this kind of climate. Therefore, if you are interested in selling your property, you will need to attract buyers, which can be successfully achieved by pricing your property competitively. You can do so by conducting thorough research in the area of your property and pricing it based on current market conditions. Of course, a real estate agent can help you with choosing a price that will be competitive.

#2 Are Upgrades Needed?

When assessing your residential property, can you ensure the property is in good condition? If not, you may need to go ahead with proper repairs and upgrades. Remember, buyers will always choose a property that provides them with the greatest value for their money. It is essential that your property is in excellent condition and that all necessary repairs and upgrades have been completed before showing the property to buyers.

This can add significant value to your property and assure buyers that they are investing their money in something worth the cost. The goal should be to make your property appealing. If this means a fresh coat of paint, an extra bedroom, or new flooring, then so be it. However, since renovations cost money, the renovations and upgrades should be done considering the price the property will likely command with those changes.

#3 Curb Appeal

Many real estate agents and industry experts typically suggest maximizing your property’s curb appeal. Why? The first impression is usually the last. This is especially true in real estate. The first thing any potential buyer sees is a property’s exterior. Before putting up your property for sale, try to pay special attention to its curb appeal and surroundings. The exterior of the house should not look unkempt. The porch should be clean, for example. Uneven pathways should be fixed. There should be no overgrown bushes, weeds, leaves, broken or bad lights, broken pots, poor landscaping, or spiderwebs.

Overall, the external appearance should be in perfect condition. Only then will the buyer have a positive mindset when examining the property’s interior.

#4 Flexibility

Flexibility was not a common word during the last couple of years. Today, the term is quite ubiquitous. Put simply, always be flexible and willing to negotiate. Since buyers have multiple options and properties to choose from, they have the upper hand in a buyer’s market. Indeed, those interested in selling their property should be open to negotiations and should aim to reach agreements that are mutually beneficial for both parties. This does not mean the seller has to sell his property at a loss. The real estate market typically maintains a dynamic where sellers can still make a decent profit even if the buyers have more negotiating power.

#5 Real Estate Agents

No matter your circumstances, you must always work with a reputable real estate agent. Property owners may have the most fantastic property but finding a suitable buyer still requires the expertise of a reputable and experienced real estate agent. This is even more important in a buyer’s market as real estate agents have more information about market trends and dynamics and can help sellers price their property at the most competitive price and present it in a way that the buyer is convinced that this is the best option for them.

Real estate agents are also better positioned to advise which upgrades or renovations are needed and which might not be worth the money. They know what can give a particular property an edge in the market, and sellers should utilize this expertise to get the best price and buyer.

#6 Presentation Matters

Every seller must present the home properly. Once the real estate agent identifies a prospective buyer, it is vital to ensure they can present your property most effectively. Homes should be staged to make buyers envision themselves in that space. Properties for sale should never be cluttered or dirty, personal items should be removed, and the whole ambiance should be that of space, comfort, and livability.

#7 Try to Sweeten the Deal

In the end, when you are confined to the parameters of a buyer’s market, buyers expect more. One tip to make your property more attractive is to offer something to sweeten the deal. This could include a broad array of features, such as including the home’s appliances or offering an early closing.

For example, an offer to cover some of the closing costs or to accommodate the buyer’s preference for a move-in date and other similar incentives could tilt the buyer’s decision in your favour.

Need more advice? Find a RE/MAX Agent near you.

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