Down Payment | Trinity Real Estate Consultants Blog

Wednesday, April 23, 2025   /   by Matthew Daniel Tamburello

HomeBuyers, HomeSellers & Investors: What Is The Average Condo Price?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
As of today’s date, a quick Google search will tell you the average cost of a one-bedroom condo in Toronto is $579,000. At that price, even if you had a 10% down payment, your monthly mortgage payments over a 20-year amortization would be about $2,700 a month.
Now that you’ve gotten the information you came for, let’s explore this a bit deeper, because of course, your situation is unique to you, and there will be some variables to consider when looking for your perfect condo.
In this article, we’ll breakdown what contributes to the average cost of a condo, and how you can adjust your preferences (and possibly lower your expectations) to find the condo of your dreams in Toronto.
Three Things That Effect the Price of Condos
Amenities
It goes without saying that there are some pretty amazing condo buildings poppi! ...

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Wednesday, April 9, 2025   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: What is the Price of a Semi-Detached Home?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Semi-detached homes in Toronto remain a hot commodity, so the prices remain high. Such has been the case in pretty much all parts of Ontario for the past couple of years. Last March, the average selling price of houses was $1.09M, with semi-detached houses going for $1.04M. Of course, that depends on the size of the property and location, among others.
Housing Market at a Glance
According to the Toronto Real Estate Board, the total number of residential transactions in April 2021 was 13,663. It is a 362.1% increase over the same month a year ago. Meanwhile, the average selling price increased by 33% from $1,090,992 to $820,226 in the same period. Lastly, the number of listings increased by 237%, from 6,180 units to 20,825 units (“TRREB – Market Stats – Quick Overview”).
A couple of things that you can derive fro. ...

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Wednesday, February 5, 2025   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: What You Need to Know About Off-Market Real Estate Deals!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Chances are that you have stumbled upon this article because you have heard about off-market real estate deals in Toronto and want to learn more about them. In this article, we will explain what off-market means when you are buying or selling a home as part of a real estate transaction, some ways you can go about finding an off-market real estate deal, the pros and cons of off-market real estate deals for sellers and buyers. 
What does off-market mean in real estate terms?
Frequently, when people are listing their homes for sale, they are working with a local real estate agent or broker who will be posting their home on the Multiple Listing Service (MLS). Using the MLS allows real estate agents and brokers to advertise a property they are selling to a wide variety of potential buyers and investors.
However, MLS is not the only way. ...

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Wednesday, December 25, 2024   /   by Matthew Daniel Tamburello

HomeSellers: Real Estate for Common-law Couples in Ontario!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Breaking Up vs. Real Estate for Couples Getting Divorced in Ontario
The end of any relationship can be stressful and challenging, especially when a common-law relationship or marriage ends, this can also create additional challenges. However, figuring out your next steps when your relationship ends and dividing up property and assets with your current or former common-law partner or your spouse can be even more difficult.
If you are looking to learn more about your rights related to real estate, property ownership, and the division of property in Ontario, when your common-law relationship or marriage ends, this is article was written for people like you.
In this article, we will compare and contrast the differences between what your rights are to real estate and assets when your common-law relationship ends in Ontario, and when you are. ...

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Wednesday, October 23, 2024   /   by Matthew Daniel Tamburello

HomeBuyers: The First-Time Home Buyer Incentive Makes Buying a Home in Canada Cheaper Than Ever!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Announced at the beginning of the year, Canada’s First-Time Home Buyer Incentive (FTHBI) is now active. This down payment incentive will make it easy for thousands of first-time homeowners to buy a home. 
What is the First-Time Home Buyer Incentive (FTHBI)?
This incentive program is designed specifically for first-time homeowners in Canada. It was created with the aim of helping young people purchase a home without incurring hefty mortgage payments.
With this incentive, the government takes responsibility for 5% of your down payment for already existing Canada homes and 10% for newly built homes. This way, you can decrease your monthly mortgage payments without increasing your down payment.
If you are buying a $500,000 home, the FTHBI could help you save as much as $3,400 annually. With the down payment incentive, first-tim! ...

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

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