Wednesday, April 30, 2025 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Stating that you want to buy an apartment can raise some eyebrows. You might even hear some people say that with the volatility of the current market, it’s not even possible, what with how in-demand housing is, and how much it can cost.
In addition, if you were to search for triplexes and multiplexes, you’d notice that those properties for sale are entire buildings, not individual units. Ask listing agents, and most would offer you condos. So, before getting on to the cost of apartments, it would be best to clarify first how they differ from condos. After that, this article will address the relevant legalities in Toronto real estate.
Difference Between Apartments and Condos
Many people think that the main difference between apartments and condos comes down to prestige and cost. People assume that apartments are . ...
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Wednesday, February 19, 2025 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Chances are that you stumbled across this article because you want to know what Toronto’s best neighbourhoods are. There is no one singular “best neighbourhood” in Toronto.
While one neighbourhood might be ideal for one person, it might be horrible for another. This being said we will provide a list with some of the universally recognized ideal neighbourhoods in the City of Toronto.
However, determining which of Toronto’s neighbourhoods is the best is more challenging than you might think. Determining the best neighbourhoods in Toronto is deceptively large so this makes answering the question of what the best neighbourhoods are in Toronto complex.
The City of Toronto has 140 officially recognized neighbourhoods and 239 unofficial neighbourhoods. For this reason, Toronto is known as the “city of neighbourho ...
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Wednesday, June 12, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
You might have stumbled upon this article since you are looking to buy or sell your home, refinance your home, or might need the services of a professional home appraiser. There are three instances when it is common for people to work with home appraisers. The first and most common instance when you will be working with a home appraiser is if you are selling or buying a home. The second instance when you might employ a home appraiser is if you are applying to get your mortgage refinanced. The third most common instance when you might work with a home appraiser is for insurance purposes.
In this article, you will learn about what a home appraisal is for real estate purposes and insurance purposes, what a home appraiser is looking for and what factors determine a home and property’s value. You will also gain insight into. ...
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Thursday, January 25, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Bank of Canada leaves benchmark rate at 5%
As expected, the Bank of Canada has left its key lending rate unchanged at 5%.
This follows 10 previous rate increases over 12 rate announcements, which raised the overnight target rate by 475 basis points (bps) since March 2022.
In its statement, the Bank said it is “still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation.”
However, the Bank added that with expected GDP growth of just 0.8% in 2024, it expects inflation to continue to ease from around 3% in the first half of 2024 to its 2% target in 2025.
What happens now?
As a result of today’s decision, prime rate will remain unchanged at 7.2% and there will be no changes to existing variable-rate mortgages. This announcement also has no impact on fixed-rate mortg! ...
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Monday, August 14, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Bank of Canada recently raised its target interest rate by 50 basis points, the sixth interest rate hike this year.
What do these rate hikes mean for homeowners? According to a recent report from the Manulife Bank of Canada, 25 percent of homeowners say they will need to sell their home if rates continue to rise. The same survey also found that about one-fifth of homeowners already find it challenging to afford their homes.
Without question, borrowers are going to be seriously affected by higher interest rates.
After more than a two-year whirlwind, sales activity has slowed down, prices are not reaching the heights they once did, and the unsustainable trends in the market over the last few years are diminishing.
So, does this mean that the housing market is on the cusp of a crash or a sharp correction?
Market analysts have present. ...
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