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Socratis Kosmidis

Sales Representative · Niagara-on-the-Lake Realty (1994) Ltd., Brokerage · Niagara-on-the-Lake

Socratis Kosmidis is a sales representative with Niagara-on-the-Lake Realty (1994) Ltd., Brokerage in Niagara-on-the-Lake, Ontario, holding RECO licence no. 6005783 (verifiable on the RECO register), serving Niagara-on-the-Lake, Niagara Peninsula, Stoney Creek, Grimsby, St. Catharines, Niagara Falls and Mississauga since September 2025.

Call · (289) 668-9324 Send an email Website ↗

Calculate for Niagara-on-the-Lake: buy or sell

Buy

Land transfer tax, down payment and mortgage in Niagara-on-the-Lake

No reference price published for Niagara-on-the-Lake: example at $500,000. Change any field and everything is recalculated.

Purchase price in $

Down payment in $

First-time buyer

Ontario land transfer tax$6,475

First-time buyer rebatetick “first-time buyer”

Tax to pay$6,475

Minimum down payment (federal rule)$25,000

Mortgage insurance premium (added to the loan)none (20% or more)

Mortgage$400,000

Monthly payment, 25 years at 4.58%$2,232

Household income needed (stress test)$100,000

Official schedule, bracket by bracket, paid in cash at closing: the tax cannot be financed in the mortgage. Rate: Bank of Canada 5-year fixed mortgage rate (August 2026); your lender will set its own. Income needed: 6.58% qualifying rate, 39% GDS, property tax at 1% a year and $150 a month for heating. Not included: lawyer or notary fees, inspection, title insurance (no official schedule). All the schedules · First-time buyer programs · Down payment and mortgage insurance

Sell

Capital gain on a sale: what is taxable

Your principal residence: generally no tax on the gain. The same federal rule applies in Niagara-on-the-Lake as everywhere in Canada (Income Tax Act).

Sale price in $

Purchase price in $

Capital gain$100,000

Your principal residence (designated every year)$0 taxable

Other property (cottage, rental): taxable amount$50,000

Land transfer tax$0 — paid by the buyer

Agent's commissionnegotiated, not computed

Principal residence designated for every year owned: nothing taxable, but the sale must be reported. Other property: $50,000 of taxable amount is added to your income for the year; the resulting tax depends on your marginal rate and is not computed here.

Principal residence: the Canada Revenue Agency exemption wipes out the gain for each year the home is designated; the sale must still be reported (partial designation: part of the gain becomes taxable). Other property (cottage, rental): half the gain becomes a taxable amount, added to that year's income (1/2 inclusion rate, CRA guide T4037; the increase to 2/3 was cancelled on March 21, 2025 — checked on canada.ca on October 15, 2026). It is not the tax owed: that depends on your marginal rate, which Payotte does not compute. Gain = sale price − purchase price, before selling costs and deductible improvements. No official schedule sets the agent's commission. Tax on selling, case by case

A question about these figures or an address? Socratis Kosmidis can answer.

Call · (289) 668-9324 Send an email Website ↗

What Payotte publishes

Licence: RECO no. 6005783 ↗ Verifiable on the RECO register (link): status, agency and disciplinary record.
Agency: Niagara-on-the-Lake Realty (1994) Ltd., Brokerage
Areas served: Niagara-on-the-Lake, Niagara Peninsula, Stoney Creek, Grimsby, St. Catharines, Niagara Falls, Mississauga Declared in writing: “Niagara-on-the-Lake and the Niagara Peninsula, from Stoney Creek and Grimsby through St. Catharines to Niagara Falls, and out to Mississauga”
Services: First-time buyers, Residential, Farm and vacant land, Investors, Commercial and industrial Declared in writing.
Languages: English, Greek Declared in writing.
Practising since: September 2025 Declared in writing.
Google profile: See on Google Maps ↗

Information confirmed in writing by Socratis Kosmidis on November 3, 2026. Page updated on November 3, 2026.

In their own words

His introduction, in his own words

“Whether you’re buying your first home, building an investment portfolio, or buying or selling commercial or industrial property, I can cover it all. I spent years in property management, with about 150 rental units, about 500 condo units across 15 condo corporations, and multi-million-dollar capital projects. I’ve also flipped homes, invested in several provinces and owned commercial property myself. That means I know what a property costs to run and what it will need down the road, so you get advice from someone who has been on your side of the table. I grew up in Niagara-on-the-Lake and work in English and Greek.”

Socratis Kosmidis, written answer of November 3, 2026. Published word for word.

Frequently asked questions

Is Socratis Kosmidis's licence valid?

Socratis Kosmidis declares RECO licence no. 6005783, attached to the agency Niagara-on-the-Lake Realty (1994) Ltd., Brokerage. Payotte publishes no status for this licence: it is verifiable on the RECO register, which should be checked before signing.

What areas does Socratis Kosmidis serve?

Niagara-on-the-Lake, Niagara Peninsula, Stoney Creek, Grimsby, St. Catharines, Niagara Falls and Mississauga, according to Socratis Kosmidis's written statement of November 3, 2026.

What services does Socratis Kosmidis offer?

First-time buyers, Residential, Farm and vacant land, Investors and Commercial and industrial, as a sales representative. Languages of service: English, Greek.

How long has Socratis Kosmidis been practising?

Since September 2025, according to Socratis Kosmidis's written statement.

How can I reach Socratis Kosmidis?

Socratis Kosmidis can be reached by phone at (289) 668-9324 or by email at socratis@notlrealty.com. Services are offered in English and Greek. The buttons at the top of this page start a call or a pre-filled email.

What is the AI Passport?

The AI Passport is a dated page a professional gets on Payotte so that search engines and AI assistants read them correctly: their name, licence and contact details in one place, with a link to the official register. It is neither a ranking nor a recommendation. Payotte does not score professionals who have a Passport, and it does not replace your own check: consult the register before signing.

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