Wednesday, April 10, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
While home prices and the real estate market in the Greater Toronto Area (GTA) have been steadily increasing over the past few years, condo prices especially in Toronto, have been steadily increasing. Given the growth in the real estate market, it is no surprise that 10%, 1 in 10 condos, built in Toronto during 2016 and 2017, are owned by non-Canadian residents.
While you may not have considered purchasing a condo, there are many advantages to condo living you can enjoy purchasing and living in a condo. These advantages range from saving money and ideally seeing a large return on your investment when the time comes to sell your condo, being able to live in a more desirable neighbourhood, proximity to public transportation, restaurants, and more. However, buying a condo and condo living might not be the right choice for everyone. It is imp. ...
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Monday, May 15, 2023 / by Matthew Daniel 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 Daniel 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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Monday, May 1, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
If you’ve found the perfect condo and you’re ready to buy, you’ve probably realized that closing this type of property sale can be expensive. If there are no major issues, it makes sense to try to save money wherever possible and complete the property sale quickly.
Many buyers fall into this mindset, but acquiring a condo from the previous owner is a huge gamble. The good news is that you can make a conditional offer that requires the property to pass a condo inspection before the deal is closed
With that said, condo home inspections can help you evaluate a huge range of variables. From common areas to the water heater, air conditioning, and structural elements, understanding the different elements that home inspectors assess will help you find the best condominium.
To help you out, we’ve put together a home inspection condo guide. In it, we&r. ...
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