Wednesday, July 23, 2025 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Considering building a home? Maybe you think you already know how this process works.
1) Make a meeting with a builder in a new development.
2) Pick a layout and property.
3) Move in in a few months.
But in truth, you actually have three excellent options when you decide to build a new home!
Each option has its own pros and cons. Let’s take a look.
Three Different Types of New Construction
1) Production Homes
2) Custom Homes
3) Semi-custom Homes
What are production homes?
Production homes are possibly the most common types of new home building happening on the market today. Production homes are built in together in large numbers, or clusters, inside a newly developed community.
Typically, a builder will be selling hundreds or even thousands of properties and will be overseeing the process of building new houses on each p. ...
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Wednesday, September 18, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Buying a home is an exciting process, however, if you are serious about purchasing a home in Toronto, you must consider closing costs and budget for them. You might be thinking closing costs cannot be that much why should I worry about them? For example, taxes, if you are a permanent resident or citizen in Canada, can cost 4% of the home’s purchase price if you are purchasing a home within the City of Toronto.
You will be responsible for paying the City of Toronto’s Municipal Land Transfer Tax (MLTT) and Ontario’s Provincial Land Transfer Tax (LTT). And if you are not a Canadian citizen or permanent resident, be prepared to pay the Non-Resident Speculation Tax (NRST) which is 15% of the home’s purchase price, in addition to provincial and municipal land transfer taxes. Do we have your attention now?
Now, that we h. ...
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