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... 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