Mercy Umukoro, Royal Lepage Terrequity Brokerage

Mercy Umukoro, Royal Lepage Terrequity Brokerage Real Estate business coming soon!

06/04/2026

Ever wonder what goes on behind the scenes during a home showing? 👀📏📐

It’s not just opening doors and admiring kitchens—sometimes it’s measuring rooms, checking dimensions, and helping buyers figure out if their furniture will fit 🏡✨

Just a little glimpse into the day-to-day of real estate and the details that help clients make confident decisions.

05/28/2026

4 bedrooms / 3 baths for 3k? This is what homes are leasing for in Oshawa.

05/08/2026

Mississauga Open House this weekend at 2526 Kingsberry Cres from 2 PM - 4 PM. See you there!!!

05/05/2026

Come and visit 2526 Kingsberry Cres in Mississauga, Canada. This home is still on the market!! Message me for more details

04/15/2026

“Should I co-sign for a friend or family member?”

My honest answer? No… not unless you fully understand the risks.

Co-signing isn’t just a favor—it’s a legal and financial commitment.

I’ve seen people put themselves in very difficult situations trying to help someone they care about.

Before you say yes, ask yourself:
👉 Can I afford to take on this entire debt alone?
👉 Am I okay risking my financial future if things go wrong?

If you’re considering co-signing and want to understand what it could mean for you, let’s talk.

03/12/2026

5️⃣LEGAL FEES (The Lawyers Handling the Paperwork)

Every real estate transaction requires a lawyer to complete the legal side of the purchase.

Your lawyer reviews the agreement, conducts title searches, prepares closing documents, and ensures the property is legally transferred into your name.

These services come with legal fees, which are typically due on closing.

In addition to the lawyer’s professional fee, there may also be disbursements — costs for things like title searches, registrations, and administrative expenses.

The exact amount can vary, but it’s an essential part of making sure your purchase is properly and legally completed.

Because at the end of the day, buying a property isn’t just about the keys… it’s about making sure everything behind the scenes is done right. 🔑

Follow along for more discussions like this.

02/25/2026

3️⃣ LAND TRANSFER TAX (The Big One 👀)

Land Transfer Tax is one of the largest closing costs buyers face.

In some cities, you don’t just pay one — you may pay two:
✔️ Provincial Land Transfer Tax
✔️ Municipal Land Transfer Tax

For example, in Toronto, buyers pay both.

The amount is based on the purchase price of the property — and it’s due on closing.

The good news?
First-time homebuyers may qualify for rebates on both the provincial and municipal portions (if applicable).

It’s a significant cost — but with proper planning (and knowing whether you qualify for a rebate), it shouldn’t be a surprise.

Closing isn’t just about getting the keys… it’s about understanding every line on the statement. 🔑

Follow along for more in this Transaction Cost Series.

02/18/2026

2️⃣ CONDO FEES (Yes, They’re Adjusted Too)

Common condo expenses can also catch buyers off guard at closing.

Just like property taxes, condo fees are often pro-rated based on your closing date.

If the seller has already paid the monthly condo fee and you close mid-month, you may need to reimburse them for the portion of the month you’ll own the unit.

So if you close on March 15, you’ll likely pay for March 15–31.

It’s not an extra charge — it’s simply adjusting who pays for what, based on the day ownership changes.

Another reminder: closing costs aren’t random… they’re calculated.

Stay tuned for the next one in this Transaction Cost Series 🔑

02/11/2026

1️⃣ PROPERTY TAX (The Closing Surprise)

The way pro-rated property tax works always surprises my clients.

The moment you get your keys, you start paying property taxes.

So if your closing date is March 1, you’re responsible for the property taxes from March 1 to December 31.

That amount is adjusted on closing — meaning you may need to reimburse the seller for the portion of the year you now own the home.

It’s not an “extra fee”… but it is a cost you need to be prepared for.*

Buying a home isn’t just about the down payment — it’s about understanding the numbers behind the keys. 🔑

Follow along for the rest of this Transaction Cost Series.

02/05/2026

First-time buyer? Future buyer? Just curious? Closing costs can sneak up if you’re not prepared. This series breaks it down — short, simple, no stress 🏡✨

Address

160 The Westway
Toronto, ON
M9P2C1

Telephone

+14164953141

Website

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