20th June 2023 - Stay Informed: Hot News on Greater Toronto Real Estate!

★ Tuesday 20th June 2023 ★ NEW vs Resale Homes! Stay Informed: Hot News on Greater Toronto Real Estate! "Your trusted source for free reports, expert advice, and the hottest new listings!" Welcome to "Stay Informed: Hot News on Greater Toronto Real Estate!" Our daily newsletter is your go-to source for the latest and hottest news in the Greater Toronto real estate market. We understand the importance of staying up to date, and our newsletter delivers the most relevant and impactful news, market trends, and insider insights 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 updates, new developments, neighborhood spotlights, investment opportunities, and more. Stay ahead of the curve and make informed decisions with our timely and valuable information. Subscribe now to "Stay Informed: Hot News on Greater Toronto Real Estate!" and stay at the forefront of the dynamic Greater Toronto real estate scene. Can I negotiate the Price of a NEW Home in Toronto, or is it typically fixed? In the Toronto real estate market, the price of a new home is generally less negotiable compared to a resale home. Builders often set their prices based on market conditions, construction costs, and projected profit margins. However, there may still be some room for negotiation, especially during certain circumstances. Here are a few factors to consider when negotiating the price of a new home in Toronto: Pre-Construction Phase: If you are purchasing a home during the pre-construction phase, there might be more flexibility in negotiating the price. Builders may offer promotional incentives, upgrades, or discounts to attract buyers or sell remaining units. Market Conditions: If the market is slower or there is excess inventory, builders may be more open to negotiations. However, in a competitive market with high demand, the negotiation power may be limited. Customization and Upgrades: Builders often provide various customization and upgrade options. You can negotiate the cost or inclusion of specific upgrades as part of your purchase agreement. This can potentially add value to your home without necessarily reducing the base price. Multiple Offers: If there are multiple buyers interested in the same property, it can create a competitive bidding situation. In such cases, the price may become less negotiable, and buyers may need to submit their best offer. It's important to note that while price negotiation may be possible to some extent, builders have their own costs and profit margins to consider. It's advisable to work with a real estate agent or broker experienced in new home sales. They can provide guidance, market insights, and help you navigate the negotiation process to ensure you make an informed decision. Remember, even if the base price of a new home is less negotiable, there may be other areas where you can negotiate, such as upgrades, closing costs, or timelines. It's essential to consider the overall value and benefits of the property beyond just the purchase price when evaluating a new home purchase in Toronto. Here's how to make your dream of owning a home in Canada come true No house yet? These tips will help you buy your first property in Canada. Find out more. thewhig.com READ MORE ... Ontario rents have risen an astounding 27% in just a few years Buying a home in the Toronto area has long been completely out of the question for most who live here thanks to real estate prices skyrocketing eve... blogto.com READ MORE ... Changing amortization, cap on insured mortgages not the answer to affordability: CMHC | CityNews Kitchener TORONTO — The head of Canada’s housing agency says measures such as extending mortgage amortizations and changing the threshold to qualify for an insured mortgage are not the answer to the country’s housing... kitchener.citynews.ca READ MORE ... CBC Lite | News 5 years later, frustrated homebuyers still waiting for the keys cbc.ca READ MORE ... Canadian Real Estate Correction Not Over, Rising Sales Temporary: Oxford Econ  - Better Dwelling Canadian real estate is heating up, after a brief correction. Both prices and sales are up around most of the country—some markets rising by tens of thousands in May. Don’t expect it to last, warns a top economist. Oxford Economics warned clients they expect this to be a temporary boost, and the pullback for existing […] betterdwelling.com READ MORE ... Canadian housing market continues to surge as resale prices rise for fourth straight month - Mortgage Rates & Mortgage Broker News in Canada Average resale home prices continued to climb in May, marking the fourth consecutive monthly increase, the Canadian Real Estate Association reported today. canadianmortgagetrends.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 ... Are private mortgages becoming a first choice for first-time home buyers? - Brokers | Real Estate Secured Mortgage Investments   Lower home prices and the Bank of Canada’s two consecutive decisions to keep interest rates steady at 4.5% have inspired renewed curiosity among first-time home buyers that have been sitting on the sidelines. Although prices are starting to stabilize in some markets, the Canadian Real Estate Association (CREA) projects that the average home price … Continue reading "Are private mortgages becoming a first choice for first-time home buyers?" canadianlending.ca READ MORE ... Canada's housing market may not be as risky as the IMF thinks Statements about Canada’s heightened housing market risk have alarmed consumers, investors, lenders and policymakers. Read on. countyweeklynews.ca READ MORE ... House of the Week: $4.8 million for a Bellwoods Victorian recently restored to its former glory At 3,500 square feet, the property comes with four bedrooms, 10-foot ceilings, heated marble floors and a swanky garage in the backyard torontolife.com READ MORE ... Why this Toronto tenant is staging a rent strike - Macleans.ca Their landlords have proposed a nearly 10 per cent rent increase in the past two years macleans.ca READ MORE ... More B.C. renters are spending half their income on housing than anywhere else in Canada: Index | Globalnews.ca As of 2021, the index found that 11 per cent of B.C. renter households were also living in "overcrowded conditions," an increase of 21 per cent from 2016. globalnews.ca READ MORE ... 'I need to know where my money is': TD customers react to direct deposit issue Friday marked pay-day for many British Columbians, but some were shocked to find no cheque had been deposited. TD Bank was hit with "technical issues" that caused widespread outages for customers across western Canada. iheartradio.ca READ MORE ... Wildfire impact and pre-build issues when it comes to mortgages - The Mortgage Gal When I sat down to write this column, there were two themes from the last few weeks that jumped out at me. castanet.net READ MORE ... ‘My whole livelihood is put into this’: Wasaga campground residents say landlord-tenant hearing adjournment leaves them in limbo 40 homeowners in Cedar Grove Park waiting on hearing dates from Landlord-Tenant tribunal thespec.com READ MORE ... How to Pay Off Debt and Get Rich in 20 Years Once you've paid off all of your high-interest debt, you may wish to consider investing in dividend stocks like Royal Bank of Canada. fool.ca READ MORE ... Mortgage interest costs surge by nearly 70% in the past year - Mortgage Rates & Mortgage Broker News in Canada Mortgage interest costs have undergone a "dramatic" surge over the past year, having risen by nearly 70%, according to Statistics Canada. canadianmortgagetrends.com READ MORE ... Canada home prices rose in May: Index - BNN Bloomberg Home prices rose between April and May across Canada’s big cities, according to Teranet-National BankTM Composite House Price Index. bnnbloomberg.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 • 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