30th June 2023 - Stay Ahead: Curated Greater Toronto Real Estate News

★ Friday 30th June 2023 ★ STOP Renting START Owning! Stay Ahead: Curated Greater Toronto Real Estate News! "Discover the Latest Developments in Toronto's Real Estate Scene!" Stay ahead of the game with "Curated Greater Toronto Real Estate News!" Our daily newsletter is your trusted source for the most relevant and timely news, insights, and updates in the Greater Toronto real estate market. We understand the importance of being well-informed, and our team curates the most valuable content to help you stay ahead in this dynamic market. Whether you're a buyer, seller, investor, or industry professional, our curated news covers a wide range of topics, including market trends, investment opportunities, neighborhood profiles, financing options, and more. Don't miss out on the latest developments and opportunities in Greater Toronto real estate. Subscribe now to "Curated Greater Toronto Real Estate News" and stay ahead of the game. What are the advantages of Homeownership compared to Renting in Toronto? Homeownership in Toronto offers several advantages compared to renting. Here are some key advantages of homeownership: Equity and Wealth Building: When you own a home, you are building equity as you make mortgage payments and your property appreciates in value over time. This can be a valuable long-term asset and a way to build wealth. Stability and Control: Owning a home provides stability and a sense of control over your living situation. You have the freedom to make changes and improvements to your home according to your preferences, without the need for landlord approval. Investment Potential: Real estate has the potential for investment growth. In a city like Toronto, where property values have historically increased over time, homeownership can be a solid investment. As the value of your property grows, you may benefit from capital appreciation. Stability of Monthly Payments: With a fixed-rate mortgage, your monthly mortgage payment remains stable over the loan term, providing predictability and allowing you to budget effectively. In contrast, renting can come with the risk of rent increases, potentially leading to higher monthly housing costs. Pride of Ownership: Owning a home gives you a sense of pride and accomplishment. You have the freedom to personalize and make your space truly your own, creating a sense of belonging and attachment to your community. Potential Rental Income: Homeownership can provide the opportunity to generate rental income if you have additional space, such as a basement apartment or separate unit. Renting out a portion of your property can help offset mortgage costs and provide an additional source of income. Community and Social Benefits: Homeownership often allows you to establish roots in a community and build relationships with neighbors. You may also have access to amenities and benefits offered by homeowners' associations or neighborhood organizations. It's important to consider your personal financial situation, lifestyle, and long-term goals when deciding between homeownership and renting. While there are advantages to homeownership, it's also important to be aware of the responsibilities and costs associated with owning a home, such as maintenance and property taxes. Ultimately, it's a decision that should align with your financial capability, future plans, and lifestyle preferences. Condo sales cool, but single-family homes soar in GTA's new home market Discover why single-family home sales are soaring in the GTA's new home market, while condo sales cool. The answer may surprise you. realestatemagazine.ca READ MORE ... Despite mortgage squeeze, rising rates likely won’t slow Toronto home prices Experts say the Bank of Canada’s quarter point rate hike will hurt variable rate borrowers and those renewing mortgages, but lack of listings will continue to buoy GTA house prices. therecord.com READ MORE ... National home sales rise despite low housing supply: CREA Statistics released by the Canadian Real Estate Association (CREA) revealed that national home sales have risen despite low housing supply. building.ca READ MORE ... This $4 million Toronto home has more fireplaces than bedrooms This may just be the coziest home in all of Toronto.  With six gas fireplaces, a wood-burning stove, and a sauna, who needs a furnace! (Kidding, th... blogto.com READ MORE ... How to Get the Best Deal on Homeowners Insurance If you're not using the latest policy comparison tools, you're probably paying too much. moneytalksnews.com READ MORE ... BoC has a strong case now to stop its rate hikes, exec says A large share of Canadians have seen a spike in their mortgage expenses recently mpamag.com READ MORE ... Vancouver startup tackles money laundering in the real estate industry Iluminai Intelligence’s database detects and flags suspicious individuals or companies for real estate agents biv.com READ MORE ... Homebuilding costs in Canada soar 51% as population surges Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, says RBC. Read more thewhig.com READ MORE ... Spotlight: Get one step closer to home ownership in Collingwood with a first home savings account Douglas Easton, CFA, Portfolio Manager at NBF Wealth Management says “an FHSA makes saving for your first home a little easier” collingwoodtoday.ca READ MORE ... What’s in a name? New real estate map aims to better inform downtown Vancouver homebuyers Map meant to serve as guide to how to areas downtown differ on a real estate basis biv.com READ MORE ... Tips to avoid falling into the trap of short-term rental ad scams How Quebec residents can protect themselves against online fraud Technological advances in online shopping have changed our lives and made everyday tasks more convenient.… blog.royallepage.ca READ MORE ... BMO announces its return to the mortgage broker channel - Mortgage Rates & Mortgage Broker News in Canada BMO has officially announced its plans to return to the mortgage broker channel under the banner BrokerEdge. canadianmortgagetrends.com READ MORE ... Alleged fraudsters target Airbnb rentals to mortgage homes without owners' knowledge | CBC News Toronto police have charged a 42-year-old man in connection with an alleged mortgage fraud scam targeting short-term rental homes. Investigators believe he's part of a larger criminal group. cbc.ca READ MORE ... Don't Go Solo! The Risks of For Sale by Owner – Energeticcity.ca Don't go solo! This article delves into an important topic: the risks involved with sale by owner or selling your home without a realtor. energeticcity.ca READ MORE ... Do your math before using credit card loyalty points toward mortgages TORONTO — Canadians looking for a little extra help on mortgage payments may be surprised to learn about one possibility: loyalty points. newmarkettoday.ca READ MORE ... Canadians Are Applying For Credit Cards Not Mortgages, Subprime Growth Surges - Better Dwelling Most Canadian households are shying away from new credit, as higher interest rates lower incentive. Though there remains an exception, according to new data from TransUnion. The credit reporting giant found that new account growth for every type of credit fell in 2022, with credit cards being the exception. That trend may be problematic when […] betterdwelling.com READ MORE ... Five parts of the economy that are hit when house prices fall UK house price growth is slowing. While prices rose 1.2% in June compared to last year, this is down on May’s 1.9% growth, according to property website Zoopla. Its house price index – which forecasts a 5% fall in house prices this year – also shows that 42% of sellers are now accepting offers of […] canadianinquirer.net READ MORE ... Property Report: Soaring construction costs will hamper Canada’s homebuilding ambitions Robert Hogue, assistant chief economist of RBC Economics, joins BNN Bloomberg to discuss RBC's report on the rising construction costs in Canada. He says that despite high demand soaring costs could hold back home building in this country. bnnbloomberg.ca READ MORE ... Six steps to take before buying a rental property - Westland Insurance You’ve come to the right place to learn how to get started to set yourself up for a successful rental property investment! westlandinsurance.ca READ MORE ... Single Montreal mom fears homelessness after she says her lease transfer was refused A single Montreal mother of three fears she may be homeless come July 1 after she says a landlord denied a lease transfer less than a week before Moving Day. "You go to the Regie de Logement, you get the form, you fill it out, and it's supposed to be that simple. We did all the steps and the landlord came back and said ‘no,’" Anick Johnson told CTV. montreal.ctvnews.ca READ MORE ... Muskoka seeing increased listings and 'a significant number of price corrections,' say experts The Muskoka region may finally be starting to stabilize after several years of high-demand and high-prices. Canadian Real Estate Association (CREA) data cottagelife.com READ MORE ... Homes for less than $200,000 are becoming unicorns It’s increasingly a unicorn in Canada’s resale real estate market, including Calgary’s. A new study by Point2, an online real estate search portal, found many major Canadians markets have none or at most a minuscule number of homes listed for less than $200,000. In Calgary, about four per cent of listings were priced under $200,000 in April, the report found. Although a small fraction of the market here, homes in that price range in cities like... 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 Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] 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. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credits Low or Zero down With Bank Cash-Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: 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 • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here

29th June 2023 - Hot Topics in Greater Toronto Real Estate: Daily Scoop

★ Thursday 29th June 2023 ★ Questions Agents Hate! Hot Topics in Greater Toronto Real Estate: Daily Scoop! "Unleashing the potential of your home buying and selling ventures with our reports and sought-after listings." Welcome to "Hot Topics in Greater Toronto Real Estate: Daily Scoop!" Our daily newsletter is your go-to source for the hottest topics, trends, and insights in the ever-evolving Greater Toronto real estate market. We understand that staying informed is key, and our newsletter delivers the most buzzworthy news, market updates, and expert opinions straight to your inbox. Whether you're a buyer, seller, investor, or industry enthusiast, our curated content covers a wide range of topics, including market trends, new developments, neighborhood spotlights, design inspirations, and more. Get your daily scoop and be part of the conversation with "Hot Topics in Greater Toronto Real Estate: Daily Scoop!" Subscribe now and stay ahead of the curve in the dynamic Greater Toronto real estate scene. What qualities should I look for when choosing a Real Estate Agent in Toronto? When choosing a real estate agent in Toronto, there are several important qualities and factors to consider. Here are some key qualities to look for: Experience and Expertise: Look for a real estate agent with significant experience in the Toronto market. They should have a strong track record of successful transactions and a deep understanding of the local market dynamics, trends, and regulations. Market Knowledge: A good real estate agent should have up-to-date knowledge of the Toronto real estate market, including neighborhood trends, property values, and inventory. They should be able to provide insights and guidance based on current market conditions. Communication and Responsiveness: Effective communication is essential in a real estate transaction. Look for an agent who is responsive, accessible, and communicates clearly. They should keep you informed throughout the process, promptly answer your questions, and address any concerns you may have. Professionalism and Integrity: Choose an agent who conducts themselves with professionalism, honesty, and integrity. They should prioritize your best interests and adhere to ethical standards in their practice. Negotiation Skills: A skilled negotiator can help you secure the best possible deal. Look for an agent who has strong negotiation skills and a proven ability to advocate on your behalf, whether you're buying or selling a property. Network and Resources: A well-connected agent can provide access to a wide network of professionals, including mortgage brokers, home inspectors, lawyers, and contractors. This network can be valuable in facilitating a smooth transaction and providing additional resources as needed. Client Testimonials and Referrals: Consider reading client testimonials or asking for referrals from previous clients. This can give you insights into the agent's service quality, client satisfaction, and overall reputation. Compatibility and Trust: Building a good rapport with your real estate agent is crucial. Look for someone you feel comfortable working with, who listens to your needs, and understands your goals. Trust and rapport can go a long way in ensuring a positive and successful working relationship. Before making a final decision, it's advisable to interview multiple agents, ask questions, and assess their qualifications, experience, and approach. This will help you find an agent who aligns with your goals and can effectively represent your interests throughout the buying or selling process in Toronto. Ontario man protests at RBC headquarters claiming mistake made on his mortgage renewal Gerald Comeau has been leading a one man protest in front of Royal Bank of Canada (RBC) headquarters in downtown Toronto for the past six months. toronto.ctvnews.ca READ MORE ... Starter homes hardly exist in Canada anymore but here's where you can still buy one Back in our parents' and grandparents' day, buying a small starter home in the Toronto area for around two to three times your annual household inc... blogto.com READ MORE ... Guide to financing a home purchase in the United States for Canadians Looking to buy a home in the United States as a Canadian? Check out our guide for insider tips and tricks on financing your dream home. realestatemagazine.ca READ MORE ... Surreal Estate: $5 million for an Etobicoke beach house with a Malibu-like view What 4,000-square-foot suburban bungalow would be complete without five bedrooms, two kitchens, two decks and a closet you could live in? torontolife.com READ MORE ... Niagara House of the Week: Grimsby townhouse just steps from Lake Ontario | inNiagaraRegion This place: Three-bedroom, three-bathroom townhouse just steps away from Lake Ontario.  Price: $829,900 Address: 7 Lakelawn Road, Unit 35 Neighbourhood:  Grimsby Waterfront Big selling point: Fully finished basement, perfect for family room plus home office plus more. Less than a half hour away from Niagara Falls and American border. New GO Train station being build there soon. Features:   […] insauga.com READ MORE ... Toronto Real Estate Is Following Canada’s Climbing Mortgage Delinquencies  - Better Dwelling Canada’s largest real estate market is finally beginning to show some cracks. Equifax data reveals that Toronto mortgage delinquencies climbed again in Q1 2023. It’s inline with national data, which revealed increased mortgage delinquencies across the country. Normalization is expected after hitting record low rates, but it’s surprising to see since lenders are going to […] betterdwelling.com READ MORE ... Rate increases to create cooling effect for homebuyers, says TD The bank's Canadian market forecast has now been changed mpamag.com READ MORE ... Why are so few homes being listed in Canada's housing market? The recent recovery has seen no influx of new listings mpamag.com READ MORE ... Rising interest rates spark increase in rental demand as some would-be homebuyers shift strategies Rising interest rates have prompted many prospective homebuyers to shift their focus to the rental market, according to some realtors. realestatemagazine.ca READ MORE ... Halifax-area tenants fight back against eviction - Spring Landlords are looking for ways to build their wealth by exploiting the housing needs of workers and their families. But tenants can and must fight back. springmag.ca READ MORE ... Canadian housing market has "huge" Q2, but challenges loom ahead Are the booming sales and high prices of Canada's housing market sustainable? Find out what economists are warning about the latter half of 2023 realestatemagazine.ca READ MORE ... Homebuilding Costs in Canada Soar 51% as Population Surges - BNN Bloomberg Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, according to the nation’s largest lender. bnnbloomberg.ca READ MORE ... Majority of Millennials, Gen Z don't see homeownership as a possibility A recent survey from the Bank of Montreal show the majority of young Canadians believe their dream of owning a home are too far out of reach. atlantic.ctvnews.ca READ MORE ... Muskoka seeing increased listings and 'a significant number of price corrections,' say experts The Muskoka region may finally be starting to stabilize after several years of high-demand and high-prices. Canadian Real Estate Association (CREA) data cottagelife.com READ MORE ... New Brunswick tenants dealing with Canada's fastest-rising rents | CBC News Jaclyn Reinhart ended years of being a tenant when she bought a house in Saint John in April. She is thrilled with the change, especially after seeing the $934 per month, three bedroom apartment she moved out of  listed for rent in June by her former landlord for $1,800 plus utilities.   cbc.ca READ MORE ... RE/MAX® Voted Most Reputable Real Estate Company in Canada According to Leger’s 2023 Reputation Study, RE/MAX was ranked the most reputable real estate company in Canada. blog.remax.ca READ MORE ... Securities watchdog opens criminal investigation into mortgage broker who owes investors $226M | CBC News B.C. Securities Commission has opened an online portal to gather information about Victoria man Greg Martel, who clients have alleged was running a Ponzi scheme. cbc.ca READ MORE ... Canadian Inflation Slowing, But Not Enough To Prevent Rate Hike: BMO - Better Dwelling Canadian inflation is showing some encouraging signs, but the devil’s in the details. Statistics Canada (Stat Can) reported the growth rate for the Consumer Price Index (CPI) saw annual growth fall much lower than the market had forecast for May. BMO saw that as encouraging, but warns short-term growth isn’t budging, and that will reinforce […] betterdwelling.com READ MORE ... Tenants in Amherstburg facing fraud charges after allegedly lying on their application, landlord says | CBC News When Dan and Martene Sementilli purchased a town home in Amherstburg, they were hoping to give their children a leg up in the housing market years from now.  Instead, the couple will sell their property this summer after their tenants allegedly defrauded them out of thousands of dollars, resulting in criminal charges from the Windsor Police Service.  cbc.ca READ MORE ... How to Buy a Home Responsibly There are a plenty of smart reasons to buy and own a home, as long as you do it responsibly. moneytalksnews.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 Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] 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. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credits Low or Zero down With Bank Cash-Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: 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 • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here