Wednesday, September 11, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
Chances are that if you are reading this article you are looking to buy and/or sell your home, but terms like Home Appraisal and/or Current Market Assessment (CMA) are foreign to you. Or maybe you are reading this and thinking to yourself, yeah, I have heard of home appraisals and current market assessments, but I am not totally sure what they are and how they are different.
Home appraisals and current market assessments are extremely important for those who are looking to buy and/or sell real estate. This information can help you determine if you are a buyer if you are overpaying for a home or if you are a seller how much you should be listing your home for.
However, a current market assessment might be more useful for a seller than a buyer and an appraisal might be more important for a buyer than a seller. In this a. ...
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Wednesday, September 4, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
In England, there is a saying that something secure and reliable is “safe as houses”. It’s a phrase that goes back to Victorian times and is generally representative of the belief that a house. “With its foundations, bricks, mortar and seemingly limitless growth in value” – this means trustworthy and dependable, meaning everyone should strive to own one.
The global recession in 2008 changed all that, with home equity wiped out for many homeowners who had previously paid over-inflated prices. The “property ladder” no longer seemed such a good idea – for many, it was now a financial trap rather than a lucrative investment. And with the collapse of the sub-prime mortgage market in the US, lending rules were tightened, and those people who still desired their own home found funding sources! ...
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Wednesday, August 28, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
There are many reasons that you might be interested in buying a home in downtown Toronto, living in Toronto’s downtown core can be exciting. You will have access to excellent restaurants, as well as other amenities, cultural events, museums, easy access to public transit through the TTC whether that is the bus, subway, streetcar, etc., and Toronto’s waterfront. Downtown Toronto has a lot to offer for those who like going out with a variety of distinct neighbourhoods with great nightlife and events, which means you will never be bored living here since there is always something going on.
Living in downtown Toronto means if you enjoy hockey, are a Toronto Maple Leafs fan, enjoy basketball, and/or a Toronto Raptors fan you will have easy access to the Scotiabank Arena where both of these teams play or go to see conc. ...
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Wednesday, August 7, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
One of the least enjoyable parts of buying real estate or property in Ontario, especially in the City of Toronto is the Land Transfer Tax (LTT). If you are buying property in Ontario, you will be responsible for the provincial Land Transfer Tax (LTT).
If you are buying property in the City of Toronto, you will also be responsible for the City of Toronto’s Municipal Land Transfer Tax (MLTT). Therefore, if you are considering buying real estate in Toronto and/or in Ontario, you will need to budget for paying at Ontario’s Land Transfer Tax and possibly even paying Toronto’s Municipal Land Transfer Tax.
This article explains what Ontario and Toronto’s Land Transfer Taxes are, how much they cost, how the Land Transfer Tax fees are calculated, who is responsible for paying them, who is exempt, and information for non-re. ...
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Wednesday, July 31, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
With the recent growth in Toronto’s real estate market and population growth in Toronto, with more people looking to move to and moving to Toronto each year, it’s a great time to invest in real estate in Toronto. Now with the slowdown happening in Toronto’s housing market and relative cooling off from Toronto’s housing market’s peak during 2017, with changes in mortgage regulations and interest rates, this means that the real estate market in Toronto has balanced out a bit. While during the past couple of years, the housing market in Toronto was considered to be more of a seller’s market with buyers getting into bidding wars and competing to buy houses, this is no longer happening as much.
Data from home sales in Toronto have shown that sales have dropped during the beginning of 2019, fewe. ...
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