Wednesday, April 10, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
While home prices and the real estate market in the Greater Toronto Area (GTA) have been steadily increasing over the past few years, condo prices especially in Toronto, have been steadily increasing. Given the growth in the real estate market, it is no surprise that 10%, 1 in 10 condos, built in Toronto during 2016 and 2017, are owned by non-Canadian residents.
While you may not have considered purchasing a condo, there are many advantages to condo living you can enjoy purchasing and living in a condo. These advantages range from saving money and ideally seeing a large return on your investment when the time comes to sell your condo, being able to live in a more desirable neighbourhood, proximity to public transportation, restaurants, and more. However, buying a condo and condo living might not be the right choice for everyone. It is imp. ...
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Wednesday, April 3, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Close to one in three homes purchased in Canada are bought directly from a builder. While you may not have considered purchasing a Home in the pre-construction stages, there are many benefits you can enjoy purchasing a home during the pre-construction stage. These benefits range from saving money and ideally reaping a large return on your investment when the time comes to sell your property, the possibilities for customization, the convenience of having a new home, and more. However, buying a home during the pre-construction process might not be the right choice for everyone for their needs, lifestyle, etc. It is important to consider the pros and cons before you consider purchasing a home during the pre-construction phase.
Pros for Buying A Pre-Construction Home
If you purchase your home early on during the pre-construction process you . ...
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Wednesday, March 20, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
By the year 2041, Ontario is expected to have almost 2 million more residents. As its population grows, so does opportunities. Real-estate wise, Canada’s largest city has seen a 57% increase in average home prices in the last five years. It also saw a 131% increase in the last decade. Serious would-be investors in Ontario's real estate market would, therefore, find the following facts and information beneficial.
Who can own real estate in Ontario?
1) Canadian citizens and even non-residents possess the right to hold, acquire, or dispose of any real estate property. This means an individual, a group of people, and even a corporate entity could own property.
2) Non-Canadian investors can partner with local entities or individuals and form a corporation, co-ownership, partnership, or sale-leaseback. Such arrangements a. ...
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Wednesday, March 13, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Despite more than two million people in Canada with second mortgages, not many fully understand how second mortgages work. This article aims to answer the reasons people get them, and how to obtain them. We’ll also help you learn the advantages and disadvantages of second mortgages, and hopefully, provide information to help you make an informed financial decision.
What is a second mortgage?
The first loan taken by homeowners to purchase a house is called a primary mortgage. A second loan acquired for the same property is called a second mortgage.
A second mortgage is granted even when the primary mortgage has yet to be fully paid. The loanable amount from the second mortgage is based on the equity of the house bought through the primary mortgage. Equity is the value of your home minus any mortgage debt and liens. Equity is . ...
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Wednesday, January 24, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
So many things can go wrong when searching for your first home. You don’t want to have buyer’s remorse six months after closing on your first home, so it’s a good idea to learn about the five most common mistakes first time home buyers in Toronto make.
Because others’ mistakes are the best way to avoid yours, we’ve listed the five most common first time home buyer Toronto blunders.
Going It Alone
Many first-time buyers make the mistake of handling the purchase of their home without the help of a (reliable) real estate agent. This costs home buyers thousands and often leads to unforeseen problems down the road. A real estate agent and his team can help you understand home inspector reports, legal contracts, and financing. Or he provides these services for you! Most of all, agents can negotiate a realistic of. ...
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