Wednesday, March 27, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
A five-year forecast by Moody’s Analytics shows prices rising all over the country apart from in two cities. Moody’s forecast used RPS Real Property Solutions data and predicted that Canadian home prices will go up by 2.2% between the first quarter of 2019 and the first quarter of 2024.
National home sales climbed in April 2019 according to statistics given by the Canadian Real Estate Association (CREA). This is promising considering that sales were at a seven-year low in April of 2018. Toronto experienced the biggest increase in house sales, rising by 11%. The Canadian housing market seems to be on the rebound. However, increased property sales do not necessarily mean that properties will become more affordable.
House price appreciation to slow down
Monetary tightening is affecting house price appreciation. Andr. ...
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Wednesday, February 28, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
You want to sell your house and move on to the next chapter in life. Congrats! Exciting times ahead. It’s very typical if you are not sure where to start when you decide to sell your home. So, if this is you now, or soon, then there are a few things you can do beforehand to streamline the process. Read on and find the answers to the question “I’m selling my house, what do I need to know?”.
Study the Housing Market
If you’ve lived in your current home for more than two years, then you have a good idea about what housing prices look like in your neighbourhood. However, you might want to dig a little deeper by reviewing the local and regional housing statistics by the Canadian Real Estate Association (CREA) . Alternatively, search a real estate website’s Multiple Listing Service to look at the comparable . ...
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Wednesday, January 3, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
In the ever-competitive Greater Toronto Area (GTA) real estate market, pricing your property right is both an art and a science. Set the price too high, and you risk scaring off potential buyers. Set it too low, and you could be leaving money on the table. This comprehensive guide will walk you through the intricate process of pricing your property, blending market analytics with a touch of intuition.
Unsure about your property’s pricing? Click HERE to find out what your property is worth!
Understanding the Market
1) Analyzing Comparable Sales (Comps): Research recent sales of properties similar to yours, considering factors like size, condition, age, and location. For example, a renovated three-bedroom home in downtown Toronto might be compared to other updated properties in the area to gauge a fair price.
2) Assessing Current M. ...
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Wednesday, November 29, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
OK, so you’ve made the decision to sell your home—congrats! You’re about to embark on an exciting journey, one that will surely lead to lasting memories. But before you can get going, you’ll need to get your home in top shape for prospective buyers.
Getting your home ready to sell can take some work, but it’s worth it to help maximize your opportunity for the best offers possible.
We spoke with REALTORS® to get their advice on what to do around your home to prepare it for walkthroughs and open houses.
Less Is More
Decluttering as much as possible during the process of selling your home is crucial when trying to appeal to buyers.
Sell it, toss it, donate it. If you haven’t used it in the last six months, it’s got to go. Buyers believe the way they view the home is how they’re go! ...
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Wednesday, November 1, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Many pundits expected the Bank of Canada to increase their interest rates in the general announcement. However, the nation’s central bank stunned the entire financial world by announcing a supersized increase of 100 basis points or 1% on its interest rates, bringing the total increase to 2.5%.
This has been the bank’s biggest increase since 1998 and it was the fourth spike in a planned four-step action strategy to help reduce soaring inflation. The Bank of Canada has an inflation rate target of 2%, and current projections place that value closer to 8% at least until the end of the summer.
It’s important to note that the Bank of Canada announces overnight rate changes eight times per year. The schedule looks like this.
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