Wednesday, October 23, 2024 / by Matthew Daniel Tamburello
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, August 7, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
One of the least enjoyable parts of buying real estate or property in Ontario, especially in the City of Toronto is the Land Transfer Tax (LTT). If you are buying property in Ontario, you will be responsible for the provincial Land Transfer Tax (LTT).
If you are buying property in the City of Toronto, you will also be responsible for the City of Toronto’s Municipal Land Transfer Tax (MLTT). Therefore, if you are considering buying real estate in Toronto and/or in Ontario, you will need to budget for paying at Ontario’s Land Transfer Tax and possibly even paying Toronto’s Municipal Land Transfer Tax.
This article explains what Ontario and Toronto’s Land Transfer Taxes are, how much they cost, how the Land Transfer Tax fees are calculated, who is responsible for paying them, who is exempt, and information for non-re. ...
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Wednesday, March 6, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
If you’re currently in the market to buy a new home, this might be the best time to do so. The conventional wisdom is to wait for the so-called “spring season” when inventory skyrockets. But the problem with this strategy is that so too does demand, causing a frenzy of competition and bidding wars.
Homeowners are eager to sell
This past December was the worst month for home sales in the GTA in over six years. Because of this, there are many homes on the market with sellers eager to settle and negotiate with an interested buyer. Sellers putting properties onto the market in January are usually doing so out of a sense of urgency and because of this, buyers have a great deal of leverage during this slower sales cycle. Moreover, there is far less competition in January as most prospective buyers are holding out fo. ...
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Wednesday, February 14, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
So, you’re looking to purchase a house in Canada? Multiple factors go into finding the perfect home, but before you even start looking, you should know precisely what’s out there. Is it your first-time buying? Then, according to your budget, you could consider many options and types of houses in Canada. Below we’ve listed the types we found most common and most popular in Canada.
Detached Types of Houses in Canada
A detached house is the type of house that most of us think of when picturing the classic house and it’s generally what most people want for a home. A detached house is just that – a house detached from anything else. It’s a complete unit on its own. That also means you’d own it completely, including the land it’s built upon. You’ll also be footing the bill for every utility. ...
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Wednesday, February 7, 2024 / by Matthew Daniel Tamburello
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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