Wednesday, January 1, 2025 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
The end of a marriage is usually challenging emotionally and financially no matter the circumstances regarding how the marriage is ending. However, dividing property, assets, and figuring out what to do with the family home after divorce can be even more challenging.
This article is meant to help you understand what your rights are with regards to real estate after divorce in Ontario, understand what your property ownership rights are and how your property ownership rights are related to the division of property after divorce in Ontario.
If you have any specific legal questions related to your specific situation, you need to consult a divorce attorney and maybe even a real estate attorney who handles divorce sales as needed. This article is only meant to be a primer on your property rights when you are getting divorced in Ontario.
For . ...
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Wednesday, March 13, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Despite more than two million people in Canada with second mortgages, not many fully understand how second mortgages work. This article aims to answer the reasons people get them, and how to obtain them. We’ll also help you learn the advantages and disadvantages of second mortgages, and hopefully, provide information to help you make an informed financial decision.
What is a second mortgage?
The first loan taken by homeowners to purchase a house is called a primary mortgage. A second loan acquired for the same property is called a second mortgage.
A second mortgage is granted even when the primary mortgage has yet to be fully paid. The loanable amount from the second mortgage is based on the equity of the house bought through the primary mortgage. Equity is the value of your home minus any mortgage debt and liens. Equity is . ...
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Wednesday, October 25, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Gothic revival, farmhouse, Italian style, and cottage. These are just some of the types of homes that you can purchase in Canada, all of which bring unique benefits and setbacks. But, in addition to the style of the actual house, you also have to determine if the property has been designated historic and decide if you’re interested in this type of home.
Buying historic homes is definitely different from conventional properties because there are certain guidelines you’ll need to follow. With that said, owning a historic home with unique design elements can be a superb experience. At the same time, potential buyers should also consider any potential gains that can come from owning specific historic homes before making a final decision.
If you’re not sure what a historic home is or the benefits of owning this type of prope. ...
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Monday, July 10, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The Greater Toronto Area (GTA) real estate market began 2023 as it ended 2022, with similar sales and average selling price numbers in January compared to December. Despite this, both sales and prices were down on a year-over-year basis, reflecting the impact of higher borrowing costs on affordability.
According to the Toronto Regional Real Estate Board (TRREB), there were 3,100 sales recorded in January 2023, which was in line with the December result but a 44.6% decrease from January 2022. The average selling price for January 2023 was $1,038,668, which was slightly lower than the December result and down 16.4% from the January 2022 average price.
TRREB President Paul Baron expressed confidence in the market, stating that the Bank of Canada‘s recent announcement of a hold on interest rate hikes, coupled with record population growth and a tight labor market, w. ...
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Monday, February 13, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"When such a major investment is transferred from one party to another, even the subtle legal details need to be taken care of. If not they can turn into major problems if handled incorrectly."
When you're buying or selling a home, there are many important legal issues, large and small, that you should be aware of. To begin with, residential real estate is not an uncomplicated process. When such a major investment is transferred from one party to another, even the subtle legal details need to be taken care of. If not they can turn into major problems if not handled correctly.
It is essential to be as informed as possible in order to properly protect yourself in the process of buying or selling a home. There are several issues that will certainly cost you if you are not properly informed. In this report, we identify 3 of the most common of these issues.
Because there are man. ...
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