14th June 2023 - Toronto's Hottest Real Estate Headlines!

★ Wednesday 14th June 2023 ★ How To Find Toronto GTA Power Of Sale Listings? Toronto's Hottest Real Estate Headlines! "Get the inside scoop on the GTA's hottest Real Estate deals and opportunities" Welcome to "Toronto's Hottest Real Estate Headlines!" Our daily newsletter is your go-to source for the most sizzling and trending news in the Toronto real estate market. We understand that staying up to date is essential, and our newsletter brings you the juiciest headlines, market updates, and insider information. Whether you're a buyer, seller, investor, or simply curious about the real estate scene in Toronto, our curated content covers a wide range of topics, including new listings, market trends, investment opportunities, and exciting developments. Don't miss out on the hottest news in town – subscribe now to "Toronto's Hottest Real Estate Headlines!" and be in the know about the buzzworthy stories shaping the Toronto real estate landscape. How to Successfully Buy Toronto GTA Power of Sale Real Estate Listings? Successfully buying Toronto GTA power of sale real estate listings requires careful preparation and a strategic approach. Here are some tips to help you navigate the process effectively: Understand Power of Sale: Familiarize yourself with the power of sale process, which occurs when a homeowner defaults on their mortgage and the lender initiates the sale of the property to recover the outstanding debt. Learn about the specific rules and regulations governing power of sale properties in Toronto and the GTA. Work with a Real Estate Agent: Partner with a real estate agent experienced in power of sale properties. They can provide valuable insights, access to listings, and guide you through the complexities of the process. A knowledgeable agent can help you identify opportunities, negotiate with the lender or seller, and ensure a smooth transaction. Do Your Due Diligence: Conduct thorough research and due diligence on any power of sale property you're interested in. This includes reviewing the property's title, outstanding liens or judgments, and any potential issues that may affect its value or your ability to secure financing. Obtain Financing Pre-approval: Get pre-approved for a mortgage or secure financing before making an offer on a power of sale property. Having your financing in place demonstrates your seriousness as a buyer and increases your chances of a successful purchase. Act Quickly: Power of sale properties often attract multiple buyers due to their potential for discounted prices. Be prepared to act quickly when you find a property that meets your criteria. Have your agent submit a well-prepared offer promptly, including any necessary documentation and deposit. Conduct a Home Inspection: Even though power of sale properties are typically sold "as-is," it's still crucial to conduct a home inspection. This helps identify any major issues or potential costly repairs that could impact your decision to proceed with the purchase. Price Negotiation: While power of sale properties are generally priced competitively, there may be room for negotiation. Your agent can assist in determining an appropriate offer price based on market value, condition, and comparable sales. Be prepared for potential counteroffers or multiple rounds of negotiation. Ensure Clear Title Transfer: Work with your lawyer to ensure a smooth and clear title transfer process. They will verify that the necessary legal steps have been followed by the lender or seller to ensure a valid transfer of ownership. Be Patient and Persistent: Buying a power of sale property can sometimes be a lengthy process due to legal and administrative requirements. Be patient and persistent, as it may take time to secure the property and complete the transaction. Seek Professional Advice: Consult with professionals such as lawyers, home inspectors, and mortgage brokers who have experience in power of sale transactions. Their expertise can provide valuable guidance and ensure that you make informed decisions throughout the process. Remember, the power of sale process can be complex, so it's essential to work with knowledgeable professionals and conduct thorough research. By following these tips and seeking expert advice, you can increase your chances of successfully purchasing a power of sale property in the Toronto GTA area. When tenants stopped paying rent, Niagara landlord says she offered them $10K to leave. It didn't work | CBC News When Luz Romero heard about a Niagara Falls, Ont. rental property for sale a few years ago, she jumped at the opportunity to be a landlord. But now she says her tenants owe her over $7,000 in unpaid rent and delays at the Landlord and Tenant Board mean she can't evict them anytime soon. cbc.ca VIEW MORE I thought I wanted to buy a house, but seeing nearly 80 homes in 9 months convinced me to spend my money on something more important Instead of buying a house in this madcap market, writer Michelle Chikaonda paid off five figures of credit card debt in 18 months. msn.com VIEW MORE Calgarians struggle with rising rental prices, but experts say rent control isn't the solution Many Calgarians are struggling as the rental market remains hot, driving up prices and tightening supply. calgary.ctvnews.ca VIEW MORE ‘Nowhere to go’: N.S. tenant forced back into tight rental market after fixed-term lease ends | Globalnews.ca A Halifax-area woman is looking for a new home after her fixed-term lease was not renewed and she refused to pay a hefty price increase to stay in her unit. globalnews.ca VIEW MORE Guelph ranked 10th nationally as most expensive for one-bedroom rental Average price for a one-bedroom unit in Guelph last month was $2,095 guelphtoday.com VIEW MORE What expenses can you deduct when renovating a rental property? - MoneySense The purpose of the renovations, as well as the occupancy of the building, can influence whether the expenses are tax deductible or not. moneysense.ca VIEW MORE House of the Week: $5.8 million for a Caledon estate with three storeys, two living rooms and an elevator At 8,200 square feet, the property also comes with marble all over, an 800-square-foot loggia and a backyard the size of a soccer pitch torontolife.com VIEW MORE Pickering church may soon be home to 41 rental units | inDurham A church in Pickering may soon be home to 41 new rental homes. Kindred Works applied to convert the areas around Dunbarton-Fairport United Church at 1066 Dunbarton Rd. into rental units. This developer was established by the United Church of Canada, “to repurpose their properties to respond to Canada’s housing crisis,” per their website. They […] insauga.com VIEW MORE How to rent your first apartment in Canada Many newcomers to Canada choose to rent accommodations versus buying property upon their arrival. Finding a new home can be stressful, so this article will provide the basics for you to understand the process of renting in Canada. Discover if You Are Eligible for Canadian Immigration How to find your rental You can search for […] canadianinquirer.net VIEW MORE Most sought-after Toronto real estate neighbourhoods in 2023 so far - BNN Bloomberg ​The Toronto real estate market has remained hot despite the Bank of Canada’s aggressive interest rate hikes over the past year. bnnbloomberg.ca VIEW MORE Looking to buy? Here's what N.B.'s housing market looks like this spring | CBC News The spring real estate market hasn’t been quite what realtors were hoping for, but “it’s still a seller’s market, for sure,” said Michele Morris, president of the Real Estate Board of the Fredericton Area. cbc.ca VIEW MORE Thorold a hotter real estate market than St. Catharines in May The numbers are going up in Thorold, while St. Catharines is not seeing the same gains. niagarathisweek.com VIEW MORE Canada’s Largest Real Estate Markets Saw Supply Outpace Population: Stat Can - Better Dwelling Canada’s national stats agency is pouring a bucket of ice water on the country’s speculative markets. The Canadian Housing Statistics Program (CHSP) crunched housing supply numbers from 2019 to 2021. The Statistics Canada (Stat Can) program found that both Toronto and Vancouver Census Metropolitan Areas (CMAs) saw its housing supply grow much faster than its […] betterdwelling.com VIEW MORE Mortgage growth at a seven-year low and pockets of financial stress are growing: Equifax - Mortgage Rates & Mortgage Broker News in Canada Rising interest rates and a softening real estate market have applied the brakes to new mortgage growth, which fell to its slowest pace since 2018. canadianmortgagetrends.com VIEW MORE House of Cards: Interest Rates, Household Debt, and the Housing Crisis - Centre for Future Work Last week the Bank of Canada increased its overnight interest rate, for the 9th time in little over a year, to 4.75%. In making its announcement, the Bank cited a slight increase in year-over-year headline CPI inflation last month. This, the Bank suggested, was one reason why it abandoned a temporary ‘hold’ on further interest rate increases announced in January. The Bank’s rationale is ironic, because the Bank’s rapid run-up in interest rates was the main cause of that small uptick in inflation centreforfuturework.ca VIEW MORE Canadian Financial Regulator Urges Lenders to Tackle Mortgage Risks as Rates Rise By Investing.com Canadian Financial Regulator Urges Lenders to Tackle Mortgage Risks as Rates Rise ca.investing.com VIEW MORE Pros and Cons of Self-Builds vs. Purchasing a Home • Source Mortgage Discover the pros and cons of self-builds vs. purchasing a home. Make an informed decision about the best option for your new home. sourcemortgage.ca VIEW MORE Fearing higher rates, more Canadians may be refinancing their mortgage Using RATESDOTCA mortgage quoter data, we got a current read on how mortgage activity has changed from 2022 so far in 2023. rates.ca VIEW MORE Canadian Housing: What To Expect After Latest Bank of Canada Interest Rates Hike | Investing.com Canada Market Overview Analysis by The Canadian Home covering: . Read The Canadian Home's latest article on Investing.com Canada. ca.investing.com VIEW MORE Tribunal suspends licence of Mississauga lawyer for allegedly taking part in predatory loan scheme Transactions in question involve fixed-income seniors and 25 percent 'usurious' interest rates lawtimesnews.com VIEW 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