Payotte AI Passport

Tanveer Satter

Mortgage Agent · GNE Mortgages-The Mortgage Centre · Mississauga

Tanveer Satter is a mortgage agent with GNE Mortgages-The Mortgage Centre in Mississauga, Ontario, holding FSRA licence no. M22003650 (verifiable on the FSRA register), serving Mississauga and all of Canada, including Quebec since September 2017.

Call · (905) 781-0195 Send an email Website ↗

Calculate for Mississauga: buy or sell

Buy

Land transfer tax, down payment and mortgage in Mississauga

No reference price published for Mississauga: 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 Mississauga 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? Tanveer Satter can answer.

Call · (905) 781-0195 Send an email Website ↗

What Payotte publishes

Licence: FSRA no. M22003650 ↗ Verifiable on the FSRA register (link): status, agency and disciplinary record.
Agency: GNE Mortgages-The Mortgage Centre
Brokerage licence: FSRA no. 10394 Declared in writing.
Office: 409 Matheson Blvd E, Mississauga, ON L4Z 2H2
Areas served: Mississauga, all of Canada, including Quebec Declared in writing: “Mississauga, and I serve all around Canada, including Quebec, especially for Ontario residents that have properties in Quebec and have a hard time finding a lender because QC is very strict and difficult.”
Services: Self Employed, Business Owners, Flip Mortgages, High Net Worth, Jumbo Mortgages, Commercial Mortgages, Investor, Private, Quick close, Home Equity Line of Credits and 2nd mortgages Declared in writing.
Practising since: September 2017 Declared in writing.

Information confirmed in writing by Tanveer Satter on October 29, 2026. Page updated on October 29, 2026.

In their own words

Approach and advice to clients, in their own words

“I work closely with self-employed entrepreneurs and real estate investors who require specialized financing like jumbo mortgages, commercial loans, or quick-close private funds. My core advice to clients is to build a financing strategy that aligns with their business goals, leveraging the equity they already have to seize new investment opportunities.”

Tanveer Satter, written answer of October 29, 2026. Published word for word.

Frequently asked questions

Is Tanveer Satter's licence valid?

Tanveer Satter declares FSRA licence no. M22003650, attached to the agency GNE Mortgages-The Mortgage Centre. Payotte publishes no status for this licence: it is verifiable on the FSRA register, which should be checked before signing.

What areas does Tanveer Satter serve?

Mississauga and all of Canada, including Quebec, according to Tanveer Satter's written statement of October 29, 2026. The office is located at 409 Matheson Blvd E, Mississauga, ON L4Z 2H2.

What services does Tanveer Satter offer?

Self Employed, Business Owners, Flip Mortgages, High Net Worth, Jumbo Mortgages, Commercial Mortgages, Investor, Private, Quick close and Home Equity Line of Credits and 2nd mortgages, as a mortgage agent.

How long has Tanveer Satter been practising?

Since September 2017, according to Tanveer Satter's written statement.

How can I reach Tanveer Satter?

Tanveer Satter can be reached by phone at (905) 781-0195 or by email at tanveersatter@mortgagecentre.com. The agency GNE Mortgages-The Mortgage Centre answers at (905) 757-1900. 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.

In Mississauga, Payotte also recommends mortgage brokers by area: see the experts in Mississauga.

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