31st May 2023 - Stay Ahead of the Game: Toronto Real Estate News!

★ Tuesday 31st May 2023 ★ NEW vs Resale Homes Stay Ahead of the Game: Toronto Real Estate News! "Your compass for navigating the GTA Real Estate Market" Stay ahead of the game with "Toronto Real Estate News!" Our daily newsletter is your ultimate resource for the latest updates, trends, and insights in the dynamic Toronto real estate market. We understand that being well-informed is key to making smart decisions, and that's why we bring you the most relevant news, market analyses, and expert perspectives straight to your inbox. Whether you're a buyer, seller, investor, or industry professional, our newsletter provides the information you need to stay ahead in the competitive Toronto real estate landscape. From hot listings and pricing trends to regulatory changes and neighborhood spotlights, we cover it all. Don't miss out on the latest developments shaping the Toronto real estate scene. Subscribe now and stay ahead of the game with "Toronto Real Estate News!" Is It better to Buy a NEW Home or a Resale Home? The decision between buying a new home or a resale home depends on various factors and personal preferences. Here are some considerations to help you make an informed choice: Advantages of Buying a New Home: Customization: New homes often offer the opportunity to customize certain features, layouts, and finishes according to your preferences. Modern Amenities: New homes typically come with modern amenities and energy-efficient features, such as smart home technology, updated appliances, and improved insulation. Warranty Protection: New homes usually come with warranties that cover construction defects and repairs, providing peace of mind for the buyer. Lower Maintenance: With new construction, you're less likely to encounter immediate maintenance and repair issues compared to an older home. Advantages of Buying a Resale Home: Established Neighborhoods: Resale homes are often located in well-established neighborhoods with mature landscaping, schools, amenities, and a sense of community. Potentially Lower Price: Resale homes may have a lower purchase price compared to new construction, providing an opportunity for cost savings. Character and Charm: Older homes often possess unique architectural details and character that can be appealing to some buyers. Immediate Availability: Resale homes are usually ready for immediate occupancy, eliminating the wait time associated with new construction. Ultimately, the choice depends on your priorities, budget, timeline, and preferences. Consider factors like location, desired amenities, cost, customization options, and the potential for maintenance and repairs. It can be beneficial to consult with a trusted real estate professional who can help assess your specific needs and guide you in making the best decision based on your circumstances. Global News Renters might soon feel the pain as their landlords post losses. Here’s why | Globalnews.ca Most real estate investors in Toronto were losing money on their properties last year, a new report finds. Here's why that pressure might hurt renters in the long term. globalnews.ca READ MORE >> Real Estate Magazine How interest rate hikes have impacted home prices across Canada A new analysis reveals how Canadian real estate prices have changed since the Bank of Canada began rate hikes in early 2022. realestatemagazine.ca READ MORE >> Insauga Hamilton couple killed was planning to move out of rental unit | inTheHammer The engaged Hamilton couple killed in a shooting was scheduled to move out of the rental basement apartment in Stoney Creek on June 1, according to police. It was not clear if the plan was related to the events that led to the shooting. Hamilton police said the landlord is suspected of killing the two […] insauga.com READ MORE >> CBC News Tensions between landlords and tenants at an all-time high, advocates say after Hamilton shootings | CBC News Advocacy groups say tensions between landlords and tenants are at an all-time high in the wake of a landlord killing two tenants before dying in a shootout with police on May 27. cbc.ca READ MORE >> CBC News Parkdale residents protest against landlord's application for 'above-guideline' rent increases | CBC News Residents of two apartment buildings in Parkdale staged a protest on Tuesday accusing their landlord of what they say are unjustified and “above guideline” rent increases. cbc.ca READ MORE >> Baystreet Baystreet.ca 72% of Property Managers Agree: Credit Score Has a Significant Impact on Rental Applications baystreet.ca READ MORE >> Insauga Higher home costs but lower municipal taxes in Milton, Oakville, Burlington | inHalton While Oakville, Burlington, Milton and Halton Hills offer lower property tax rates than other GTA municipalities, it comes at a cost. The cost, of course, is more expensive housing. Property tax rates vary from city to city and are set by individual municipalities to cover the costs services in the community such as transportation, infrastructure, […] insauga.com READ MORE >> Toronto Life House of the Week: $3.9 million for a saltbox in the Blue Mountains with an off-grid bunkie The 5,800-square-foot property also comes five bedrooms, three living rooms, a hot tub and access to Beaver River torontolife.com READ MORE >> Insauga 43 days and counting: Former Mississauga mayor Hazel McCallion's house still for sale | insauga The Streetsville-area home where former Mississauga mayor and Canadian political icon Hazel McCallion lived for nearly four decades has been on the market for 43 days with no signs yet of a firm buyer. The Charnwood Cres. home, which was listed on April 17 at just under $3 million ($2.99 million), is described as a […] insauga.com READ MORE >> Posthaste Posthaste: More than half of Toronto new condo investors are losing money for the first time Even as rents soar more than half of new condo investors with a mortgage are now losing money renting them out, a new report says. Read more gananoquereporter.com READ MORE >> Advisor's Edge Mortgage fraudsters hit with $47-million sanction | Advisor's Edge Most of the investors' money was put into riskier projects than promised advisor.ca READ MORE >> Info News B.C. realtor sanctioned for not understanding meaning of word 'loan' She used $50,000 of her own money to help a friend with a down payment and expected it to be repaid, then claimed it wasn’t a loan. infotel.ca READ MORE >> Re/Max What is Included in Closing Costs When You Buy a Home? What is included in closing costs when you buy a home? Here are six closing costs you may expect to pay when you buy a home in Canada. blog.remax.ca READ MORE >> MoneySense Credit card mistakes and the secret to avoiding the impulse buy - MoneySense FICO’S Jenelle Dito shares personal lessons around credit and how finlit impacts her job educating about credit scores. moneysense.ca READ MORE >> blogTO $7.5 million home in Mississauga looks more like a museum than a house This $7.5 million home located at 937 Whittier Crescent in Mississauga's prestigious Lorne Park Estates looks more like a contemporary museum or ar... blogto.com READ MORE >> Zolo What Homebuyers Want: Survey Reveals Key Insights for Sellers in the Canadian Real Estate Market /CNW/ - As the spring selling season kicks into high gear, home sellers across Canada are seeking insights into what today's homebuyers want. In response to... newswire.ca READ MORE >> The Canadian Press More than half of GTA condo investors losing money on properties, says new report | CBC News Authors of a CIBC's report said the trend of investors losing money on their rental properties is expected to persist. cbc.ca READ MORE >> Re/Max 7 Tips for Selling in a Buyer’s Market With the spring market in full swing, you may be wondering what to do, if you're selling in a buyer’s market. blog.remax.ca READ MORE >> Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India.  With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Toronto GTA. Contact me today!" Click Here For Hot New Current Available Toronto Real Estate Board [TREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, or Investing queries.    Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto Click Here For PRE-SALE CONDOS in Toronto. GTA Toronto How does Rent-To-Own Homes work? Visit: http://www.manojatri.com/tour_homes  | Click Here for Power of Sale GTA Listings. Manoj Atri, REALTOR®  Experienced Toronto Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credit Low or Zero down With Cash Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 C: [416] 275-2089 | O: [416] 494-7653 | E: Manoj@ManojAtri.com Websites:   ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca SearchRealEstateInToronto.ca | Rent to Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Pinterest • Tumbler Instagram • Twitter • Facebook • LinkedIn • Youtube • Client Testimonials © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here

30th May 2023 - Curated Toronto GTA Real Estate Headlines

★ Tuesday 30th May 2023 ★ Questions Agents Hate! Curated Toronto GTA Real Estate Headlines! "Your trusted partner for all things Real Estate in the GTA" Welcome to "Curated Toronto GTA Real Estate Headlines!" Our daily newsletter is your go-to source for carefully curated headlines, providing you with the most important news and updates in the Toronto GTA real estate market. We understand that your time is valuable, so we sift through the noise and handpick the top headlines to keep you informed and up-to-date. Whether you're a buyer, seller, investor, or industry professional, our curated headlines cover a wide range of topics, including market trends, new listings, regulatory changes, and expert insights. Stay informed and make confident decisions with our concise and relevant summaries. Subscribe now and let our curated Toronto GTA Real Estate Headlines be your guide to staying in the know! Qualities of a Good Agent? A good real estate agent possesses several key qualities that contribute to their effectiveness and success in assisting buyers and sellers. Here are some qualities to look for in a good agent: Experience and Expertise: A good agent has a solid track record and possesses a deep understanding of the local real estate market. They have experience in handling various types of transactions and can provide valuable insights and guidance based on their expertise. Communication Skills: Effective communication is crucial in real estate. A good agent is an excellent communicator who actively listens to their clients, responds promptly to inquiries, and keeps them informed throughout the buying or selling process. They are able to explain complex concepts in a clear and understandable manner. Integrity and Professionalism: Trust is vital in any real estate transaction, and a good agent operates with honesty, transparency, and high ethical standards. They prioritize their clients' best interests and maintain professionalism in all interactions. Negotiation Skills: Negotiation plays a significant role in real estate deals. A good agent is a skilled negotiator who can advocate for their clients, secure the best possible terms, and navigate through potential obstacles to achieve a favorable outcome. Market Knowledge: A good agent stays up-to-date with market trends, pricing fluctuations, and neighborhood developments. They have access to comprehensive data and can provide accurate and informed advice to help clients make sound decisions. Attention to Detail: Real estate transactions involve extensive paperwork and legal processes. A good agent pays close attention to detail, ensuring that all necessary documents are completed accurately and that nothing is overlooked that could negatively impact the transaction. Responsiveness and Availability: Timeliness is crucial in real estate, and a good agent is responsive and available to address client questions, concerns, and requests. They prioritize their clients' needs and are proactive in keeping them informed and engaged throughout the process. Client-Centered Approach: A good agent places their clients' needs and goals at the forefront. They take the time to understand their clients' preferences, requirements, and financial situation, tailoring their services to meet individual needs and objectives. Remember, it's important to research and interview multiple agents to find someone who possesses these qualities and with whom you have good rapport. Choosing the right agent can make a significant difference in your real estate experience. Toronto Life Meet the most charming fraudster in GTA real estate From a young age, Courtney Wallis Simpson had big plans, and she was ruthlessly ambitious when it came to achieving them. To finance her lifestyle, she hatched a series of property schemes that would cost her victims—more than 100 of them—millions torontolife.com READ MORE >> Timmins The Daily Press More than one-quarter of Ontario homeowners downsized in past year: Report A lot more Ontario homeowners are downsizing, with 28% moving to a smaller dwelling in the last year, according to LowestRates.ca. timminspress.com READ MORE >> Wealth Professional BDO: How Canadians are coping with rising prices, or not BDO report highlights how people are cutting back on spending amid ongoing affordability challenges wealthprofessional.ca READ MORE >> CA Investing Over 50% of GTA Condo Investors Losing Money on Rentals By Investing.com Over 50% of GTA Condo Investors Losing Money on Rentals ca.investing.com READ MORE >> BIV Rents in private Vancouver SROs jump 21% in four years Since 2003, privately owned-operated rooms at the $375 shelter rate decreased from 1,700 to 52. biv.com READ MORE >> Insauga Property tax rate in Mississauga higher than Halton and Toronto | insauga Mississauga's property tax rate sits somewhere in the middle in the GTA — higher than Toronto and Halton Region but lower than Brampton and Durham. insauga.com READ MORE >> Orillia Matters How much are landlords fined for illegal evictions? Downey won't say Fines can run up to $50,000 but haven't gone over $3,000 in the past three years, report finds; Downey's response 'insulting,' says NDP critic orilliamatters.com READ MORE >> Insauga Whitby, Uxbridge, Pickering with some of the highest property taxes in GTA - Oshawa with top mill rate | inDurham Despite having housing prices below most of their Golden Horseshoe neighbours, Oshawa’s property tax rate mill rate is the highest in the entire GTA and trails only Orangeville for the top spot in southern Ontario. In general, municipalities with higher average home prices have lower property tax rates, while, conversely, municipalities with more affordable average […] insauga.com READ MORE >> CTV News Toronto These cities have the lowest property taxes in southern Ontario Prospective homeowners looking to settle in southern Ontario might want to consider how much property taxes will set them back before staking their claim on a dream home. toronto.ctvnews.ca READ MORE >> blogTO These futuristic pre-built apartments can be dropped right into Toronto backyards Following a landmark ruling from the Ontario Land Tribunal in July 2022 to allow garden suites to be built in backyards in Toronto, one company is ... blogto.com READ MORE >> blogTO The amount that investors have been making and losing on Toronto condos may shock you Some interesting new data on Toronto's condo market is shedding light on how speculative real estate investment in the city may be in for a change,... blogto.com READ MORE >> Better Dwelling Canadian Real Estate Prices May Hit A Roadblock As Bonds Surge - Better Dwelling Canada’s falling bond yields provided cheap mortgage credit, helping to boost home prices. Now it’s reversing course, with Government of Canada (GoC) 5 year bond yields rising sharply. The yields directly influence fixed mortgage rates, and over just a few days they’ve nearly reversed the discount given after the US banking crisis. Higher rates will […] betterdwelling.com READ MORE >> The Canadian Press More than half of GTA condo investors losing money on properties: report A new report says for the first time ever, more than half of newly-completed condo investors in the Greater Toronto Area were losing money on their rental properties last year — and its authors expect the trend to persist. toronto.ctvnews.ca READ MORE >> Wealth Professional Women own most luxury property among under 35s, report finds Report says there has been a "significant shift" in gender distribution among younger luxury home owners wealthprofessional.ca READ MORE >> Canadian Mortgage Trends Lenders—including some big banks—are hiking fixed mortgage rates again - Mortgage Rates & Mortgage Broker News in Canada The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows a more than 70-basis-point surge in the Government of Canada 5-year bond yield, which typically leads fixed mortgage rate pricing. It’s now at a 14-month high of 3.58% as of Monday, up from a recent low of 2.87% earlier this month. BMO, CIBC and RBC have all increased some of their posted fixed mortgage rates […] canadianmortgagetrends.com READ MORE >> The Motley Fool Interest Rates: Is Canada’s Mortgage Debt a Ticking Time Bomb? If Canada's rising interest rates lead to a wave of defaults, banks like the Toronto-Dominion Bank could be in trouble. The post Interest Rates: Is Canada’s Mortgage Debt a Ticking Time Bomb? appeared first on The Motley Fool Canada. msn.com READ MORE >> CBC News Some eyeing empty offices to ease the housing crisis say it's lot more complex than swapping desks for beds | CBC News Many have high hopes that empty office buildings in northern Ontario can be one of the main solutions to the housing crisis.  But those looking at the possibilities warn that it's easier said than done. cbc.ca READ MORE >> Law Times News Condo owner exempted from special assessment as status certificate failed to properly flag repairs Judge rules that 'fulsome disclosure' is needed of any potential for additional assessments or costs lawtimesnews.com READ MORE >> Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India.  With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Toronto GTA. Contact me today!" Click Here For Hot New Current Available Toronto Real Estate Board [TREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, or Investing queries.    Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto Click Here For PRE-SALE CONDOS in Toronto. GTA Toronto How does Rent-To-Own Homes work? Visit: http://www.manojatri.com/tour_homes  | Click Here for Power of Sale GTA Listings. Manoj Atri, REALTOR®  Experienced Toronto Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credit Low or Zero down With Cash Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 C: [416] 275-2089 | O: [416] 494-7653 | E: Manoj@ManojAtri.com Websites:   ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca SearchRealEstateInToronto.ca | Rent to Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Pinterest • Tumbler Instagram • Twitter • Facebook • LinkedIn • Youtube • Client Testimonials Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. 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