Monday, May 29, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
It is common for couples when they are separating or getting divorced who own a home together for them to stop living together. It is common for the matrimonial home, the residence that a couple lives in before their separation to be the biggest asset that they own.
Given that many people will need a mortgage or financing from a bank or other financial institution to be able to afford to buy a home, chances are that if you are separating from your spouse or getting a divorce and wish to buy a new home, you will need a new mortgage.
In this article, we will talk about what your options are when dealing with your mortgage when you get divorced, your options for dealing with the matrimonial home when you are getting divorced and how to get out of a joint mortgage.
For a more detailed examination of the division of property after divorce and the end of . ...
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Monday, May 22, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
Suppose you are following the housing market in central Ontario or anywhere in Canada. In that case, you may often hear people citing “Inventory is so low,” and they would not be wrong. Low inventory is not just an Ontario problem. It is an issue that affects the entire country, and the low inventory in the housing market is raising prices rapidly.
Why Low Housing Supply is Good for Sellers
It’s not often that a housing shortage benefits a consumer. When competition is so intense, as it is currently, there is no time to waste. To a home seller, the fact that there are not enough homes on the market also means that you can likely get a better deal than if there were many homes on the market. Below are the top three reasons why a low housing supply is good for those looking to sell their homes.
1) Higher Home Prices
With so many buyers in the marke! ...
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Monday, April 24, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The Greater Toronto Area (GTA) housing market has seen a surge in buyer competition, as March 2023 statistics show a tightening market. Consequently, the average sale price exceeded the average list price for the first time since May 2022.
Toronto Regional Real Estate Board (TRREB) President Paul Baron confirmed this growing competition in various GTA neighbourhoods. According to consumer polls, the demand for ownership housing will likely grow this year. Furthermore, first-time buyers are expected to lead the recovery as average rents approach the cost of property ownership.
Sales and Listings Overview
In March 2023, GTA REALTORS® reported 6,896 sales through TRREB’s MLS® System, a 36.5% decline compared to March 2022. However, sales grew on a month-over-month basis in both actual and seasonally adjusted figures. New listings also decreased year-over-y. ...
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Monday, April 17, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
When listing a home, is professional staging necessary?
What’s really being asked here is: can a property be sold without it being professionally staged?
The short answer is, yes it can. There’s a buyer out there for every property if and when they deem the price they’re willing to pay equals the value they will get. What this means is that your listing can be sold without it being professionally staged, but it may take longer, and your client may not always be able to get the price they’re after.
It all boils down to perceived value – by both buyer and seller.
For example, in cooler markets, professional staging could help your listing get noticed first and snapped up, quicker. According to stagedhome.com, home staging can help to reduce a property’s listing time on the market by 30% to 50% and could deliver a price that is 6% to! ...
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Monday, March 20, 2023 / by Matthew Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
Considering a new job? Might want to start applying, because the balance might shift back to employers soon. Statistics Canada quarterly data shows a substantial decline in both vacant job listings and the job vacancy rate in Q4 2022. Despite the quick move, diving into the monthly numbers shows a higher-level may downplay just how rapidly Canada’s vacant jobs are vaporizing.
Canadian Job Vacancies Reveal A Sharp Quarterly Decline
Canada’s job vacancies are coming down fast from the peak reached less than a year before. Vacant roles fell 8.2% (-78,600 jobs) to 885,900 roles in the fourth quarter of 2022. This brings the vacancy rate down 0.5 points to 4.9%—a sharp decline for just a few months. Both the number of vacant roles and the rate are the lowest since Q2 2021.
It’s A Different Market From Peak, But Vacancies Are Elevated
Canada’m ...
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