Wednesday, October 4, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
It’s no secret that the Canadian real estate market is growing at a fast pace. But, despite the low-interest rates and increasing supply that has fueled the industry growth over the last few years, current and future homeowners need to think about making a down payment in order to acquire their next properties without any problems.
The real estate market moves at break-beck speeds, so it’s normal to ask yourself “how much down payment do I need for a house?”
In this article, we’ll cover the definition of a down payment and explain how this impacts the type of house you can afford. Additionally, we’ll also give you tips on saving these funds for your dream home.
Understanding Down Payments on Houses
Before going over the average down payment for a house in Canada, it’s crucial to understand the . ...
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Monday, June 26, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
To help you navigate the ever-changing GTA real estate market, we are exploring some GTA real estate trends from the data collected in February 2023. The market experienced a substantial decline in home sales in February 2023 compared to the same month in the previous year, as a result of higher borrowing costs and a decrease in new listings. However, the average selling price and MLS® HPI remained stable, thanks to the shift towards lower-priced homes by homebuyers. As you navigate the GTA real estate market, understanding the factors contributing to the decline in home sales and what the future holds for the market can help you make informed decisions.
Factors Contributing to the Decline in Home Sales
The Toronto Regional Real Estate Board (TRREB) reported a 47% decrease in home sales in February 2023 compared to February 2022. The decrease in home sales is attr. ...
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Monday, June 12, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
A crucial step to making the right decision on where to purchase a home is to explore Toronto’s best neighbourhoods. With such a vast array of exceptional communities to choose from, it’s vital to identify one that aligns with your preferences and lifestyle. In this article, we will emphasize the significance of selecting the ideal neighbourhood and present you with specific examples of some of the best neighbourhoods and areas to consider in Toronto.
Consider your lifestyle
The first step in choosing the right neighbourhood is to consider your lifestyle. If you enjoy an active social scene, consider neighbourhoods like King West or Queen West, which offer a vibrant nightlife and trendy restaurants. If you prefer a quieter, more laid-back environment, areas like High Park or The Beaches may be a better fit. Families looking for excellent schools and family. ...
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Monday, June 5, 2023 / by Matthew Daniel Tamburello
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, 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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