Reviewed by Micky Khaneka, licensed mortgage broker
North York purchases are often a choice between a condo on Yonge and a house on a lot in York Mills or Don Mills. The mortgage follows that choice.
MKG Mortgages is based at 4250 Weston Road in North York, so these files are handled from the office rather than from a visiting appointment.
A broker can line up the down payment, the payment you can carry, and the condition dates before you write. MKG shops more than one lender and matches the file to the property, whether that is a condo, a house, or a new build.
Picture a $1,350,000 semi in Willowdale. A household with $400,000 saved might put $337,500 down, leaving a $1,012,500 mortgage and cash for tax and legal fees. At an illustrative 4.6% over 25 years, principal and interest is about $5,690 a month.
These are the kinds of home purchase files we structure in North York.
Illustrative example
The challenge. The condition date was close, and the documents were still in pieces.
How MKG structured it. We packaged income, the down payment, and the property for the lender in time for that date, and stayed with the lawyer through funding.
Illustrative example
The challenge. They wanted a ceiling before weekend showings, with cash kept aside for closing.
How MKG structured it. We split the savings into down payment and closing costs, then gave them a purchase range they could take to the showings.
Illustrative example
The challenge. The payment worked more comfortably once eligible rent was included.
How MKG structured it. We confirmed the suite with the lender's documents and used the rental income that program accepts.
A pre-approval sets the budget; the lender still reviews the specific property.
Willowdale and Newtonbrook are full of condos and semis close to Yonge. Bayview Village and York Mills lean to houses with higher prices and larger down payments. Don Mills mixes postwar houses with newer infill. Downsview still has more bungalows and renewal of older streets.
Willowdale and Newtonbrook are full of condos and semis close to Yonge. Bayview Village and York Mills lean to houses with higher prices and larger down payments. Don Mills mixes postwar houses with newer infill. Downsview still has more bungalows and renewal of older streets.
The note below is paraphrased from a public Google review. It is one client's experience, not a promise that the next file ends the same way. A rate in a client's words is not an offer from MKG. The lender still decides.
A buyer wrote that questions were answered in plain language and that the file stayed organized through to the lawyer.
Paraphrased from a public Google review of MKG Mortgages. Names and identifying details are left out.
Micky Khaneka is a licensed mortgage broker, FSRA M21002608, at FLOW Lending Group, Brokerage #12864. Canadian Mortgage Professional named him to the CMP Top 75 for 2026, at number 15 in Canada. The lender still decides. The lender still decides.
Micky Khaneka, licensed mortgage broker, M21002608, FLOW Lending Group, Brokerage #12864
The firm serves clients in English, Hindi, Punjabi and Bengali.
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People ask how home purchase works on a North York property, and what documents come first. The short answers below stay on this page. The lender still decides, and the office is in North York. The lender still decides. Any example figure is illustrative.
Yes. The office is at 4250 Weston Road, North York. Willowdale, Downsview, and York Mills files are worked from there.
The status certificate, the parking, and the building's budget can all become conditions. Waiting until the offer is accepted leaves too little time.
You can, if the sale is far enough along to support the down payment or a bridge. We will not assume the condo sells on the day you need the money.
Employment income, or the business documents if you are self-employed, plus the debts that already have payments. That is enough to set a range.
It removes your room to fix a problem. If you are writing firm, the financing review has to be finished first.
The other services in this list each have a North York page. Open the one that matches the file, whether that is a purchase, a refinance, a renewal, a consolidation, self-employed income, or a private mortgage. The lender still decides.
The North York hub names the neighbourhoods, the housing that shows up, and a local example. It links back to these service pages. The office that handles the file is in North York, and the lender still decides. The lender still decides.
North York area hubHome Purchase is written for each city MKG serves, not only North York. The local page changes the neighbourhoods and the example. The rules of the product stay the same, and the lender still decides. The lender still decides. Any example figure is illustrative.
Send the agreement or the mortgage statement for the North York property, or book a call. The first conversation is free. It is a review of this file, not an approval, and the office that handles it is in North York.
Sources. FCAC — mortgages · CMHC — mortgage loan insurance · Sagen · OSFI Guideline B-20 · Ontario land transfer tax · Toronto municipal land transfer tax Published rules change. Read the current page, and confirm tax with your lawyer, before you rely on a figure.
Any rate or payment mentioned is illustrative and on approved credit (OAC). It is not a quote, a commitment, or a current offer.