Joe Loureiro

Joe Loureiro

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
  • 905-450-8300
  • 905-450-6736
  • 10-350 Rutherford Rd South
    Brampton, ON L6W 3M2
Contact Me

Welcome to my Website

As your CENTURY 21 Millennium Inc. Sales and Marketing Professional, I will provide outstanding personal service, guiding you through the maze of infinite details surrounding the purchase or sale of your home.
I can answer your questions, provide professional advice, and handle all the details for a pleasant real estate experience.
I can help you find the right home for you and your family, arrange financing, get the lowest mortgage rate and even help you settle in, in a timely fashion.
Ensuring that your real estate purchase or sale is a hassle-free experience is my ultimate goal.

  • CENTURY 21 Millennium GUARANTEES to find the home you want.
  • Save time and money with CENTURY 21 Millennium Inc.'s in-house mortgage broker. We can assure you the lowest interest rate available and a "hassle-free" real estate experience.

Let me be your full-service real estate provider. Email-me, and I'll get started right away!

I look forward to the opportunity of working for you!


Continually attend real estate events and training to stay in touch with current trends and technology.

Community Involvement

I am proud to be involved in the CENTURY 21 Millennium In.c ‘Caring for Kids' program.  Every year we liaison with 5 local schools to provide a magical Christmas for needy children and their families.  In 2008 we were able to help 15 families and 48 children.

Personal Background

Having lived in the Brampton area for many years, I know the area well and can help you to find the right neighbourhood for you and your family.

Professional Interests

I love the real estate industry...helping clients find the "home of their dreams" is truly rewarding.

Considering investing in a second property?

If you're thinking about buying a piece of real estate as an investment property, market conditions are definitely in your favour. While the resale housing market has seen a tremendous amount of activity from first-time buyers in the past year, it's also a perfect time for existing homeowners to invest in secondary residential properties. 

With record-low interest rates and significantly lower prices it's hard to go wrong - unless, of course you lack the financial means to make the investment. After all, you have to be ready to meet all the obligations that come with owning more than your principal property.

For instance, keep in mind that if you intend to rent out the second property, you'll also have to be prepared to deal with tenants and handle maintenance costs.

Secondary home ownership is an attractive investment option because it gives you even more leverage than you have with your principal residence. Leverage is when a relatively small amount of your money controls a much larger asset - like a property. 

The more leveraged you are, the greater the financial return on your down payment becomes if the value of your property increases. There are very few other investments which can be purchased with such a small percentage of your own money.

For instance, let's say you acquire a second property for $100,000, with a $15,000 down payment, and during the first year that you own it, the property increases by a value of three per cent for a $3,000 gain. As a result, the return on your down payment of $15,000 is 20 per cent - $3,000 divided by $15,000.

Other Investments
By comparison, let's say you were to buy a term investment of $100,000 (in cash) for one year and it increased by $8,000 over the course of the first year. Since it cost you $100,000 in cash to buy it, the return on your investment is only eight per cent before taxes. Obviously, leveraging is a powerful way to make your money work for you.

Getting Financing
You should be aware that many lenders place non-owner occupied deals in the high-risk category and it's not that unusual to find lenders who will not finance rental units at all - or those who will only finance them if they are insured.

Obviously, lenders will want to know whether the property will carry itself. (Is there sufficient rent to cover the mortgage payment?)

Don't make the mistake of assuming that a rental income of $500 per month will carry a mortgage payment of $500 per month. Only a portion of the rent is used to pay the mortgage; the remainder must cover taxes, maintenance, vacancy, bad debt and expenses.

(Many inexperienced purchasers think that owning rental properties will allow them to "get rich quickly" and when this does not happen, the owner becomes disillusioned and loses interest in the property.)

You should also be aware that the cost of obtaining a mortgage (for legal and appraisal fees) on a non-owner occupied property can be higher than the cost of obtaining a mortgage on an owner-occupied property, when more than one unit - such as a duplex or triplex is involved.   

Interest rates charged on rental properties might also be higher because some lenders view these properties as being a higher risk.

As mentioned above, the main responsibility of having a second property is being able to carry it financially. And if you're like most people, you'll probably have to rent it to someone as a result.

This is also a great deal of responsibility because you will have to maintain the property in addition to your own principal residence, and you'll be responsible for finding tenants who you trust and feel comfortable with.

Some parents with grown children ready to go off to university or college choose to purchase secondary properties for their offspring to live in while they attend school. This gives them an excellent investment and they are assured that the occupants will take good care of the home.

If you'd like more information about purchasing a second property, send me an emai or call me at 905-450-8300. 

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Not only can I assist you in selling or buying residential properties, but I also specialize in leasing and purchasing Industrial and Commercial units and would happy to help you find business space.

Ask me how to earn AIR MILES® reward miles when you buy or sell a home through me.


  • English
  • Portuguese


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