Wednesday, February 21, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
With Valentine’s Day in the rearview and the spring real estate blitz. This got us thinking about the similarities between dating and residential real estate: there are many!
Whether swiping for your next date or searching for the home of your dreams, technology has made both of these types of searches much easier, but also much more complicated.
So, whether you’re looking for your forever match — or for your forever home — the approach is pretty similar. In love and real estate, these eternal truths should be top of mind:
Fear of commitment — Buying a home, just like starting a relationship, involves a certain level of commitment. Like dating, homebuyers should know how much time they’re willing to invest searching for their next home. Fast flames burn quickly — make sure the love for your ho. ...
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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, December 27, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Toronto housing market has been a topic of great interest and debate, and August 2023 brought with it a fresh wave of data and trends that can’t be ignored. In this article, we’ll delve into the numbers, explore the opportunities and challenges for both buyers and sellers, and offer insights into what the future might hold.
Sales and Prices: A Balancing Act
August 2023 saw 5,294 home sales in the Greater Toronto Area (GTA), a 5.2% decrease compared to the same month in 2022. While sales have dipped slightly, the average selling price remained resilient, hovering just below the $1.1 million mark. What’s causing this balancing act between sales and prices?
Despite a slight drop in sales, the GTA market continues to be dynamic. Record immigration levels and a resilient economy ensure that there’s solid demand fo. ...
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