Minimum Down Payment? | Trinity Real Estate Consultants Blog

Wednesday, April 23, 2025   /   by Matthew Daniel Tamburello

HomeBuyers, HomeSellers & Investors: What Is The Average Condo Price?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
As of today’s date, a quick Google search will tell you the average cost of a one-bedroom condo in Toronto is $579,000. At that price, even if you had a 10% down payment, your monthly mortgage payments over a 20-year amortization would be about $2,700 a month.
Now that you’ve gotten the information you came for, let’s explore this a bit deeper, because of course, your situation is unique to you, and there will be some variables to consider when looking for your perfect condo.
In this article, we’ll breakdown what contributes to the average cost of a condo, and how you can adjust your preferences (and possibly lower your expectations) to find the condo of your dreams in Toronto.
Three Things That Effect the Price of Condos
Amenities
It goes without saying that there are some pretty amazing condo buildings poppi! ...

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Wednesday, April 9, 2025   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: What is the Price of a Semi-Detached Home?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Semi-detached homes in Toronto remain a hot commodity, so the prices remain high. Such has been the case in pretty much all parts of Ontario for the past couple of years. Last March, the average selling price of houses was $1.09M, with semi-detached houses going for $1.04M. Of course, that depends on the size of the property and location, among others.
Housing Market at a Glance
According to the Toronto Real Estate Board, the total number of residential transactions in April 2021 was 13,663. It is a 362.1% increase over the same month a year ago. Meanwhile, the average selling price increased by 33% from $1,090,992 to $820,226 in the same period. Lastly, the number of listings increased by 237%, from 6,180 units to 20,825 units (“TRREB – Market Stats – Quick Overview”).
A couple of things that you can derive fro. ...

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Wednesday, October 23, 2024   /   by Matthew Daniel Tamburello

HomeBuyers: The First-Time Home Buyer Incentive Makes Buying a Home in Canada Cheaper Than Ever!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Announced at the beginning of the year, Canada’s First-Time Home Buyer Incentive (FTHBI) is now active. This down payment incentive will make it easy for thousands of first-time homeowners to buy a home. 
What is the First-Time Home Buyer Incentive (FTHBI)?
This incentive program is designed specifically for first-time homeowners in Canada. It was created with the aim of helping young people purchase a home without incurring hefty mortgage payments.
With this incentive, the government takes responsibility for 5% of your down payment for already existing Canada homes and 10% for newly built homes. This way, you can decrease your monthly mortgage payments without increasing your down payment.
If you are buying a $500,000 home, the FTHBI could help you save as much as $3,400 annually. With the down payment incentive, first-tim! ...

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Wednesday, October 2, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: Buying Old Houses: What You Need To Know!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Buying a home, no matter what type of home you are buying, whether you are getting your first place, a starter home, condo, older fixer-upper with great bones, or a newly built luxury condo is exciting. However, depending on how old the home you are looking to buy, there will be things that you need to consider and keep in mind that might be different than if you were looking to buy a newer home, a newly built or pre-construction home.
This is where this guide comes in. This article is written for people considering buying an older home in Toronto but who want to know what they should be looking out for, what they should be keeping in mind, the pros and cons of buying an older home in Toronto.
As with all of our other guides this guide is meant to be a jumping-off point in your research and your actual experience with looking at, buying. ...

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Wednesday, September 25, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: How to buy real estate in Canada!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Congratulations, you have decided to take a big step and invest in real estate in Canada! Deciding to buy a home, no matter where you are looking to purchase a home, whether that’s your hometown or somewhere new is always a big decision. It can be a complex process with a lot of moving parts and many things that you will need to consider.
Hopefully, after reading this guide you will have gained greater insight into what it is like to buy real estate in Canada, what you can expect when purchasing and investing in real estate in Canada, what the process is like for buying real estate here, and more. It is important to remember that this guide is meant to serve as a jumping-off point for the process of buying real estate in Canada, this is not meant to be a definitive guide on buying real estate in Canada.
It is meant to help you begi. ...

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Trinity Real Estate Consultants
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Right at Home Realty, Brokerage

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