★ Thursday 11th May 2023 ★ Buy With Low Or Zero Down! GTA Real Estate: What You Need to Know Today! "Stay Informed on Toronto's Real Estate Market: Daily Update Inside!" GTA Real Estate is a dynamic market that is constantly evolving, and it's important to stay on top of the latest trends and developments. Our daily newsletter, "GTA Real Estate: What You Need to Know Today!" is designed to help you do just that. We curate the most important news, updates, and insights from the industry and bring them straight to your inbox every day. Whether you're a buyer, seller, investor, or real estate professional, our newsletter provides valuable information that can help you make informed decisions in this fast-paced market. From new developments and hot listings to mortgage rates and regulatory changes, we cover it all so you can stay informed and ahead of the game. Subscribe now to get your daily dose of GTA Real Estate news and stay ahead of the curve! How can I qualify for a Low or Zero Down Payment Mortgage? In Canada, there are a few options for low or zero down payment mortgages, but they often come with stricter eligibility criteria. Here are a few options to consider: Canada Mortgage and Housing Corporation (CMHC) offers a program called the First-Time Home Buyer Incentive, which provides a shared equity mortgage of 5% (or 10% for new construction homes) to qualified first-time homebuyers. This allows buyers to reduce their down payment and monthly mortgage payments. The Home Buyers' Plan (HBP) allows eligible first-time homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) tax-free to use towards their down payment. Some lenders offer low or no down payment mortgages, but they typically require a higher credit score and income, as well as additional insurance fees. It is important to note that while a low or zero down payment mortgage can help with upfront costs, it may result in higher monthly mortgage payments and additional insurance fees. It is important to weigh the pros and cons and discuss all options with a qualified mortgage broker or lender. BNN Bloomberg ​$3,000 for a one bedroom? Experts say this will be the norm - BNN Bloomberg Canada's red-hot rental market is likely only going up from here, experts say. bnnbloomberg.ca READ MORE ... CBC News Hundreds of investors worried about their savings after Victoria mortgage broker put in receivership | CBC News Greg Martel's RBC bank account showed $58 million in deposits followed by $58 million in withdrawals, leaving a remaining balance of $279. cbc.ca READ MORE ... CP24 Toronto residents want to see more housing built, even if it means fewer parking spots and detached homes: poll A new poll finds that most Toronto residents want more housing built, even if it requires some compromises. cp24.com READ MORE ... Insauga Whitby, Pickering with Durham's highest land transfer taxes | inDurham One of the big costs, and one that is often overlooked, is land transfer taxes and they can add thousands to the price of a new home. Land transfer tax (LTT) is charged by the province (and at a further municipal level in the City of Toronto) and is determined based on the total purchase […] insauga.com READ MORE ... Ricochet Renoviction is the ‘landlord playbook’ in Toronto | Ricochet In one building, tenants are organizing to fight their corporate landlord and stop the evictions ricochet.media READ MORE ... Real Estate Magazine Realtor fees: Are they justified? How much is too much when it comes to realtor fees? Cameron Tsoi A Sue looks at the rising cost of doing business in Metro Vancouver. realestatemagazine.ca READ MORE ... Narcity I Can't Afford To Buy A House In Toronto & Here Are 5 Other Ontario Cities I Have My Eye On Is Toronto really anyone's forever city? narcity.com READ MORE ... Macleans This small-town Quebec home is a retro lover’s paradise - Macleans.ca “It feels great to be in this groovy yet soothing space, surrounded by trees and tranquility” macleans.ca READ MORE ... CTV News Saskatoon Investors in this Saskatoon real estate company lost millions. Now they want payback. Saskatchewan's consumer watchdog is seeking to hold two Saskatoon women responsible for the collapse of their real estate company that left investors with millions of dollars in losses. saskatoon.ctvnews.ca READ MORE ... Toronto Life Cottage of the Week: $1.6 million for a 1.3-acre Bruce Peninsula retreat with a colourful craft room The 3,500-square-foot home also comes with a workshop, a cathedral-like lounge and a six-person hot tub overlooking a vast forest torontolife.com READ MORE ... Better Dwelling Canada’s Recent Immigrants Aren’t Paid Enough To Support High Home Prices - Better Dwelling Canadian real estate prices are climbing on the country’s booming population. More demand means higher home prices, right? Not so fast, it may not be as straightforward as the narrative. Statistics Canada (Stat Can) data released today shows immigrant income levels from a survey conducted in 2021. Recent immigrants to Canada earn significantly less than […] betterdwelling.com READ MORE ... Canadian Real Estate Magazine Who Is The Most Successful House Flipper? House flipping can be a very profitable project if you have what it takes. Learn about how the most successful flippers turn a profit. canadianrealestatemagazine.ca READ MORE ... CTV News Vancouver Vancouver's Empty Homes Tax was set to increase in 2023. That may not happen after all. Vancouver city council is set to consider a recommendation to freeze the rate of the Empty Homes Tax rather than proceed with a planned increase. bc.ctvnews.ca READ MORE ... Real Estate News Exchange Office conversions could create 20,000+ Cdn. apartments: CUI Most of Canada’s major downtown office markets are in the doldrums—and that presents a unique opportunity to convert them into residential uses, a new report from the Canadian Urban Institute posited. renx.ca READ MORE ... Canadian Mortgage Trends Despite "sticker shock" of mortgage renewals, Equitable Bank says clients showing "remarkable resilience" - Mortgage Rates & Mortgage Broker News in Canada Despite facing sharply higher mortgage rates on their mortgage renewals, Equitable Bank says its borrowers have so far shown "remarkable resilience." canadianmortgagetrends.com READ MORE ... Global News Higher mortgage rates are making some Canadians question value of home ownership - National | Globalnews.ca Canadians are feeling more mortgage stress amid higher interest rates, according to a new CMHC survey, and it's affecting some attitudes about the overall housing market. globalnews.ca READ MORE ... I Heart Radio Real estate no longer attractive to mom-and-pop landlords in Quebec, says association Less than two months from Montreal's moving day, the association representing Quebec landlords is calling on the government to make it easier to raise rents. iheartradio.ca READ MORE ... MSN I made $221K in passive income after quitting my corporate job to go into real estate. Here's how I built up my portfolio to 38 properties. Erika Brown dreamed of a life with no "Sunday scaries" and one with freedom to spend time and travel with her family. msn.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... 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