Monday, June 5, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
Purchasing a vacation home or cottage in Ontario can be a great investment for those looking to get away from the traffic, hustle, and bustle in Toronto and the Greater Toronto Area. Purchasing a vacation home or cottage in Ontario could be a great investment given the growth in the real estate market in certain areas such as Prince Edward County. With the recent increase in home prices and the real estate market in places like Prince Edward County means that if you can buy now you might be able to see a return on your investment whenever the time comes to sell your home and see how your investment appreciates over time as more people are looking to escape the city. While the increase in home prices and real estate in the Greater Toronto Area, and stories about intense bidding wars and houses being sold for thousands of dollars above the original asking price means that. ...
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Monday, May 29, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
It is common for couples when they are separating or getting divorced who own a home together for them to stop living together. It is common for the matrimonial home, the residence that a couple lives in before their separation to be the biggest asset that they own.
Given that many people will need a mortgage or financing from a bank or other financial institution to be able to afford to buy a home, chances are that if you are separating from your spouse or getting a divorce and wish to buy a new home, you will need a new mortgage.
In this article, we will talk about what your options are when dealing with your mortgage when you get divorced, your options for dealing with the matrimonial home when you are getting divorced and how to get out of a joint mortgage.
For a more detailed examination of the division of property after divorce and the end of . ...
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Monday, May 22, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
Suppose you are following the housing market in central Ontario or anywhere in Canada. In that case, you may often hear people citing “Inventory is so low,” and they would not be wrong. Low inventory is not just an Ontario problem. It is an issue that affects the entire country, and the low inventory in the housing market is raising prices rapidly.
Why Low Housing Supply is Good for Sellers
It’s not often that a housing shortage benefits a consumer. When competition is so intense, as it is currently, there is no time to waste. To a home seller, the fact that there are not enough homes on the market also means that you can likely get a better deal than if there were many homes on the market. Below are the top three reasons why a low housing supply is good for those looking to sell their homes.
1) Higher Home Prices
With so many buyers in the marke! ...
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Monday, May 15, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
In this ever-changing real estate market, investing in a pre-construction condo still remains a lucrative long-term opportunity. When you look beyond the quick wins of flipping property, holding the property for the long haul and having a tenant pay off your mortgage can create passive income for you well into your retirement years. Or, if you are a first-time buyer and are hesitant to get into the market now with interest rates on the rise, buying now to move in 3-5 years from now when mortgage rates normalize is also a great option.
Here are the top 5 reasons to invest in pre-construction properties:
1) Pass the current market cycle: With inflation at an all time high in Canada, the Bank of Canada has elected to increase interest rates to help control the rising rate of inflation. This has driven home prices down between 20-30% in some markets as buyers’ affor. ...
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Monday, May 8, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The Greater Toronto Area (GTA) real estate market is one of the most dynamic and competitive markets in Canada. To negotiate the best home deal in the GTA, an optimized strategic approach is needed in order to ensure that you get the most value for your investment. With numerous factors influencing the market, such as demand, location, and property type, it’s essential to have a solid understanding of the local real estate market. Whether you’re a first-time homebuyer or a seasoned investor, understanding these tips and working with a real estate brokerage such as Justo can help you navigate the complex GTA real estate market and achieve your real estate goals.
Understand the Local Market
To negotiate the best deal when buying or selling a home in the GTA, it’s important to understand the local real estate market. Research recent sales, average price. ...
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