Taxes On Selling A House | Trinity Real Estate Consultants Blog

Wednesday, October 30, 2024   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: How Much Does Investing In Real Estate In Ontario Cost?

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Investing in real estate is a more hands-on way of investing when compared to more traditional forms of investing, such as stocks, bonds, and mutual funds. Investing in real estate can be a great way to diversify your investment portfolio.
Unfortunately, there is no one specific answer to the question of how much it will cost you to invest in real estate in Ontario. If you are looking to invest in real estate in Ontario, you have many choices. 
You can invest passively in real estate by buying shares in a Real Estate Exchange-Traded Fund (ETF), investing in a Mortgage Investment Entity (MIE), Mutual Fund(s), Real Estate Investment Trust (REIT), Syndicated Mortgages, buying units in a Real Estate Limited Partnership (LPs), or buying pre-assigned condos.
Or you can invest more actively in real estate by purchasing a home as your pri. ...

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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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Monday, August 14, 2023   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: Bank of Canada Increases Target Interest Rate by 50 Basis Points!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Bank of Canada recently raised its target interest rate by 50 basis points, the sixth interest rate hike this year.
What do these rate hikes mean for homeowners? According to a recent report from the Manulife Bank of Canada, 25 percent of homeowners say they will need to sell their home if rates continue to rise. The same survey also found that about one-fifth of homeowners already find it challenging to afford their homes.
Without question, borrowers are going to be seriously affected by higher interest rates.
After more than a two-year whirlwind, sales activity has slowed down, prices are not reaching the heights they once did, and the unsustainable trends in the market over the last few years are diminishing.
So, does this mean that the housing market is on the cusp of a crash or a sharp correction?
Market analysts have present. ...

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Monday, April 24, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: GTA Housing Market Update = Intense Competition & Rising Prices!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The Greater Toronto Area (GTA) housing market has seen a surge in buyer competition, as March 2023 statistics show a tightening market. Consequently, the average sale price exceeded the average list price for the first time since May 2022.
Toronto Regional Real Estate Board (TRREB) President Paul Baron confirmed this growing competition in various GTA neighbourhoods. According to consumer polls, the demand for ownership housing will likely grow this year. Furthermore, first-time buyers are expected to lead the recovery as average rents approach the cost of property ownership.
Sales and Listings Overview
In March 2023, GTA REALTORS® reported 6,896 sales through TRREB’s MLS® System, a 36.5% decline compared to March 2022. However, sales grew on a month-over-month basis in both actual and seasonally adjusted figures. New listings also decreased year-over-y. ...

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Monday, April 3, 2023   /   by Matthew Daniel Tamburello

HomeSellers & HomeBuyers: What You Need To Know About The Recent Foreign Buyer Ban!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
This week, Deputy Prime Minister and Minister of Finance tabled the second budget of the 44th parliamentary session, “A Made-in-Canada Plan”. This budget is heavily focused on measures to address the cost-of-living crisis, provide inflation relief, invest in public health care, and build Canada’s clean economy.
The budget followed an announcement of amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act, on Monday, March 27. The Canadian Real Estate Association (CREA) has been actively lobbying for changes to the prohibition since it was announced.
The announced amendments include:

Enable more work permit holders to purchase a home to live in while working in Canada. Amending the exception for temporary workers to enable work permit holders with 183 days or more of validity remaining on their work permit or work! ...

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

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