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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Wednesday, January 24, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
So many things can go wrong when searching for your first home. You don’t want to have buyer’s remorse six months after closing on your first home, so it’s a good idea to learn about the five most common mistakes first time home buyers in Toronto make.
Because others’ mistakes are the best way to avoid yours, we’ve listed the five most common first time home buyer Toronto blunders.
Going It Alone
Many first-time buyers make the mistake of handling the purchase of their home without the help of a (reliable) real estate agent. This costs home buyers thousands and often leads to unforeseen problems down the road. A real estate agent and his team can help you understand home inspector reports, legal contracts, and financing. Or he provides these services for you! Most of all, agents can negotiate a realistic of. ...
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Wednesday, January 17, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@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 Trinity Real Estate Consultants 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. ...
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Wednesday, January 10, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Sales Boom: How GTA is Defying Expectations
The numbers are in, and they’re nothing short of spectacular. With a 16.5% increase in sales compared to June 2022, translating to 7,481 transactions in June 2023 alone, the Greater Toronto Area (GTA) is a hive of activity. The robust sales were propelled by an energized economy, tight labor market, and record population growth. However, the news isn’t all rosy. A limited housing supply has escalated competition among buyers, pushing average selling prices upward. It’s a thrilling seller’s market, but what does that mean for buyers?
Looking to sell your property at top dollar or find the perfect home in this competitive market? Contact Trinity Real Estate Consultants today!
Home Ownership Dreams: Can You Still Afford It?
The dream of owning a home in the GTA seems ! ...
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Wednesday, January 3, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
In the ever-competitive Greater Toronto Area (GTA) real estate market, pricing your property right is both an art and a science. Set the price too high, and you risk scaring off potential buyers. Set it too low, and you could be leaving money on the table. This comprehensive guide will walk you through the intricate process of pricing your property, blending market analytics with a touch of intuition.
Unsure about your property’s pricing? Click HERE to find out what your property is worth!
Understanding the Market
1) Analyzing Comparable Sales (Comps): Research recent sales of properties similar to yours, considering factors like size, condition, age, and location. For example, a renovated three-bedroom home in downtown Toronto might be compared to other updated properties in the area to gauge a fair price.
2) Assessing Current M. ...
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