Buying Homes Cash | Trinity Real Estate Consultants Blog

Wednesday, October 30, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: How Much Does Investing In Real Estate In Ontario Cost?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Investing in real estate is a more hands-on way of investing when compared to more traditional forms of investing, such as stocks, bonds, and mutual funds. Investing in real estate can be a great way to diversify your investment portfolio.
Unfortunately, there is no one specific answer to the question of how much it will cost you to invest in real estate in Ontario. If you are looking to invest in real estate in Ontario, you have many choices. 
You can invest passively in real estate by buying shares in a Real Estate Exchange-Traded Fund (ETF), investing in a Mortgage Investment Entity (MIE), Mutual Fund(s), Real Estate Investment Trust (REIT), Syndicated Mortgages, buying units in a Real Estate Limited Partnership (LPs), or buying pre-assigned condos.
Or you can invest more actively in real estate by purchasing a home as your pri. ...

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Wednesday, May 29, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: The Most Affordable Neighbourhoods in the Greater Toronto Area!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
While living in Toronto and the Greater Toronto Area (GTA) can be amazing, it is certainly not cheap and it comes at a price, an extremely high price. This is true if you are renting a home or buying a home. The average monthly rent for a one-bedroom apartment in the city of Toronto as of February 2019, is $2,270 CAD. The average rent for a two-bedroom in the City of Toronto is $2,850 CAD. While the average home price for a home in the Greater Toronto Area depending on where you are could range from $804,508 to $1.01 million for a detached home.
The City of Toronto has the highest average rent in Canada for a one-bedroom apartment, and Vancouver has the second highest rent in Canada at $2,080 for a one-bedroom apartment and $2,850 CAD for a two-bedroom apartment. However, this does not mean that there aren’t affordable neighbourhood. ...

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Monday, June 5, 2023   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: How to Buy a Vacation Home or Cottage in Ontario!

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, April 3, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: What You Need To Know About The Recent Foreign Buyer Ban!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
This week, Deputy Prime Minister and Minister of Finance tabled the second budget of the 44th parliamentary session, “A Made-in-Canada Plan”. This budget is heavily focused on measures to address the cost-of-living crisis, provide inflation relief, invest in public health care, and build Canada’s clean economy.
The budget followed an announcement of amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act, on Monday, March 27. The Canadian Real Estate Association (CREA) has been actively lobbying for changes to the prohibition since it was announced.
The announced amendments include:

Enable more work permit holders to purchase a home to live in while working in Canada. Amending the exception for temporary workers to enable work permit holders with 183 days or more of validity remaining on their work permit or work! ...

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Tuesday, March 7, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: The 2022 & 2023 Real Estate Market!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The 2022 & 2023 Real Estate Market has certainly been an interesting one to say the least!
With opportunities all around us, I thought to prudently address a question regularly and rightfully asked: Is it a good time to buy with increased interest rates?
Good question so let's dig in for clarity...
What is the difference between a Home valued at $550,000 in a low interest rate market (2%) selling for $750,000 (because low interest rate markets breed competition and paying over asking) and a Home valued at $750,000 in a high interest rate market (5%) selling for $550,000 (because high interest rate markets suppress competition and paying over asking)?
Here’s what that looks like:
Purchase Price

$750,000

Down Payment

$25,000 (5% up to $500,000)
$25,000 (10% on the remaining balance of $250,000)
= $50,000

Mortgage

$700,000 (purchase price mi! ...

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Trinity Real Estate Consultants
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Right at Home Realty, Brokerage

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