Miro Hadjinian

Miro Hadjinian

Sales Representative
CENTURY 21 Innovative Realty Inc., Brokerage*
  • 416-888-0941
  • 416-298-8383
  • 416-298-8303
  • 3-2250 Markham Road
    Toronto, ON M1B 2W4
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MIRO HADJINIAN

As a CENTURY 21® Real Estate professional, I am dedicated to providing you with the highest quality service possible in the downtown core.  With a keen eye for unique properties and a deep desire to have my clients settle in the cities best communities, I am constantly working for you.  A professional background in Commercial Underwriting and Corporate Sales have allowed for a successful transition to the real estate industry with great understanding of finances, development and our local communities. 

My personal vision with each prospective client is to develop long term relationships and understanding of their future goals and direction as opposed to strictly being transactional with my clients.  The most important value I carry is to assure the lifestyle you lead is not compromised through the ownership of a home, it is in the best interest for all parties to understand the changes that are necessary to carrying such a large obligation and how it can affect your day to day living patterns.  These values along with my knowledge of the local Real Estate market is combined with the power of the CENTURY 21 brand - the most recognized name in Real Estate today to bring you the most success in your pursuit of happiness. 

Let me assist you in finding your dream home, in a neighbourhood that is right for you, and in the price range you want. Or if you are interested in selling a property, I also have the expertise to help you get the fastest sale possible and at the best price.

 

Buying Pre-Construction...WHAT YOU SHOULD KNOW

FOUR PHASES IN BUYING NEW CONDOMINIUMS:

  1. Pre-construction Phase
  2. Construction Phase
  3. Interim Occupancy Period
  4. Title Transfer (Final Closing)

DEPOSITS

  • held "in trust" by developer's lawyer
  • deposits are fully insured
  • interest is paid from date of deposit to occupancy at Act prescribed rate
  • NSF cheques are subject to administrative fees

TITLE

  • Can be assigned to immediate family wihtou penalty
  • Assignment Clause reuqired for non-family, but assignee remains responsible for closing on unit if assignor defaults

HST

  • Included in the purchase price if you are an owner-occupant
  • Investors are responsible for paying rebate portion on final closing, but can apply to CRA for full refund after leasing unit for 1 year.

CONDOMINIUM DISCLOSURE STATEMENT

  • Includes
  1. Disclosure Statement
  2. Budget Statement for Year 1 operations
  3. Proposed Declaration
  4. Proposed By-Laws
  5. Proposed Rules
  6. Proposed Management Agreement
  7. Preliminary Draft Plan of Condominium (excluding parking levels)
  • Defines what items are considered part of your unit and what items are considered part of the common elements
  • Defines how common element fees (maintenance fees) are calculated
  • Names the Property Management Company for Year 1
  • Details how the condominium corporation is to operate and make decisions

FINISHES & COLOUR SELECTIONS

  • Developer has right to substitute material of equal or better quality as materials may become discontinued from time of pre-sales to contruction
  • Colour selections typically start 12 months prior to occupancy
  • Upgrades and pricing are usually not available until colour selection time as availability of materials and pricing at time of pre-sales may change by the time contruction commences
  • Upgrades are usually payable 100% at time of selection

INTERIM OCCUPANCY PERIOD

  • Period between possession of the unit (occupancy) and title transfer date (final closing) when your mortgage kicks in and you become the legal owner
  • Occupancy Fee is payable to Vendor during this period, calculated as:
  1. interest in unpaid balance of purchase price, plus
  2. estimated municipal realty taxes
  3. common expenses (maintenance fees)
  • Occupancy fee does not go towards your mortgage
  • Occupancy period varies, but typically 3-6 months
  • You cannot lease your unit during occupancy period, unless you have signed an Authourization to Lease with the Developer

TARION WARRANTY CORPORATION

  • all new home builders are required to be registered with Tarion Warranty Corporation
  • all new homes proctected under Ontario New Home Warranties Act
  • includes protection for deposits, workmanship and delays
  • 1-year warranty: units to be constructed in workmanlike manner and free from defects in materials
  • 2-year warranty: covers water penetration of building envelope; electrical plumbing and heating systems; and exterior cladding
  • 7-year warranty: covers major structural defects
  • all deficiencies documented at Pre-Delivery Inspection (PDI) on Tarion Certificate of Completion and Possession Form

CLOSING COSTS

  • Land Trasnfer Tax - Ontario + Toronto
  • Adjustments, which are determind at Title Transfer Date (final closing), but may be "capped" if requested
  • Adjustments includes:
  1. realty taxes estimated from Occupancy to Title Transfer Date
  2. PST on chattels (i.e. appliances)
  3. new taxes imposed by government
  4. increase in development and/or education development charges
  5. Tarion Warranty Corporation enrollment fee
  6. Park Levies imposed by government
  7. utility meters and connection charges
  8. HST (if non-owner occupant)
  • Legal Fees

Education

University of Waterloo Honours Economics 2004