Selling A House | Trinity Real Estate Consultants Blog

Wednesday, March 27, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: 5 Year Forecast Shows Canadian House Prices are to Rise!

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

HomeSellers: What You Need to Know!

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, February 21, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: Love In The Air & Real Estate On The Ground!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
With Valentine’s Day in the rearview and the spring real estate blitz. This got us thinking about the similarities between dating and residential real estate: there are many!
Whether swiping for your next date or searching for the home of your dreams, technology has made both of these types of searches much easier, but also much more complicated.
So, whether you’re looking for your forever match — or for your forever home — the approach is pretty similar. In love and real estate, these eternal truths should be top of mind:

Fear of commitment — Buying a home, just like starting a relationship, involves a certain level of commitment. Like dating, homebuyers should know how much time they’re willing to invest searching for their next home. Fast flames burn quickly — make sure the love for your ho. ...

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Wednesday, February 7, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: How to Pick a Realtor When Flipping a Property!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
It’s an excellent time for flipping a property! According to the Canadian Real Estate Association (CREA), “more than 60% of all local housing markets reported increased sales activity in June (2018) compared to May, led by the Greater Toronto Area (GTA).” So, if you can secure the help of a reputable and fair real estate brokerage, then you’re sure to come away from the deal with a sizeable profit.
Many people go with the first agent they find through online searches. This can be tricky if you’re searching for an agency specializing in both buying and selling, in other words, house flips. A real estate agency that specializes in flips can add more to your bottom line and streamline the process, saving you time and money.
Knowledgeable about Flipping a Property
Real estate agents know what can go wrong when . ...

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Thursday, January 25, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: Canadian Mortgage Rate Tracker!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Bank of Canada leaves benchmark rate at 5%
As expected, the Bank of Canada has left its key lending rate unchanged at 5%.
This follows 10 previous rate increases over 12 rate announcements, which raised the overnight target rate by 475 basis points (bps) since March 2022.
In its statement, the Bank said it is “still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation.”
However, the Bank added that with expected GDP growth of just 0.8% in 2024, it expects inflation to continue to ease from around 3% in the first half of 2024 to its 2% target in 2025.
What happens now?
As a result of today’s decision, prime rate will remain unchanged at 7.2% and there will be no changes to existing variable-rate mortgages. This announcement also has no impact on fixed-rate mortg! ...

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Matthew Daniel Tamburello
Team Leader & Broker
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