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Toronto's Real Estate
News: Your Daily Source!"The Latest Updates on Toronto's Real Estate Market."Welcome to "Toronto's Real Estate News: Your Daily Source!" Our daily newsletter is your ultimate source for all things related to the dynamic Toronto real estate market. We understand the importance of being well-informed, and our newsletter delivers the latest news, trends, and insights directly 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 profiles, financing options, and more. Stay ahead of the curve and make informed decisions with our comprehensive coverage. Subscribe now to "Toronto's Real Estate News: Your Daily Source!" and be in the know about all the latest happenings in the Toronto real estate scene. Buying a power-of-sale property can come with both risks and benefits.
Here are some of the key considerations: Benefits of Buying a Power-of-Sale Property: Potential Discounted Price: Power-of-sale properties are often sold below market value. Lenders are motivated to recover their funds quickly, which can result in a lower purchase price compared to similar properties in the area. Investment Opportunity: If you're looking for an investment property, a power-of-sale property can offer the potential for significant returns. With some renovations and improvements, you may be able to increase its value and potentially sell or rent it for a profit. Opportunity to Customize: Power-of-sale properties may require some repairs or renovations. This can be an opportunity to customize the property to your liking and add value through upgrades.
Risks of Buying a Power-of-Sale Property: Limited Inspection Period: In some cases, power-of-sale properties may be sold "as-is" with limited or no opportunity for a thorough inspection. This means you may be taking on unknown repairs or issues that can be costly to fix. Potential Liens and Encumbrances: There is a risk of outstanding liens or encumbrances on the property that may not be immediately apparent. It's crucial to conduct a title search and work with legal professionals to ensure the property is free of any legal or financial complications. Limited Disclosure: Unlike traditional sales, power-of-sale properties may have limited disclosure from the lender or seller regarding the property's condition, history, or any known issues. This can make it challenging to assess the property's true value and potential problems. Time Constraints: Power-of-sale transactions often have strict timelines and deadlines set by the lender. This can create pressure and limit the amount of time you have to conduct due diligence, secure financing, or negotiate the terms of the sale.
It's essential to thoroughly research and assess the potential risks and benefits before buying a power-of-sale property. Working with experienced professionals, such as real estate agents, lawyers, and home inspectors, can help you navigate the process and make informed decisions.
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A Windsor landlord who had a squatter living in the upper-unit of his home at 459 Chilver Road is frustrated by delays and backlogs for hearings before the Landlord Tenant Board (LTB).
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More than a third of homebuyers in the GTA were given a lump sum payment from parents or relatives to purchase their first property and nearly 75 per cent of first-time homebuyers in the GTA worried that their down payment would not be enough, according to a new survey by Royal LePage.
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Among those who have bought their first home in recent years, 35% got help with the down payment and a quarter get help with monthly payments
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Watch Survey: First-time buyers getting help to pay their mortgage Video Online, on GlobalNews.ca
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The costs of credit cards, personal loans, lines of credit, and mortgages continue to tick higher, putting further financial pressure on already burdened Canadians.
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Renters need to earn at least $95,455 in order to afford a starter home in Hamilton. Hamilton’s renter household income is $59,726, $35,729 less (or 37 per cent less) than the minimum income required to cover the mortgage for a starter or entry-level home, according to data by Point2, an international real estate search portal. […]
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Real estate report shows 3 Durham cities' average household renters incomes nearly half what's needed to afford area "starter homes."
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Indicators reveal gaps in rental pricing and the share of affordable housing in various major cities
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OPINION: Tenants’ strikes represent an attempt by less powerful, lower-earner renters to fight back against greedy investment companies. They are both righteous and necessary.
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According to Airbnb’s numbers, 70 per cent of Halifax areas have Airbnb listings but “sparse to no hotel†presence. Airbnb also says Halifax neighborhoods that don’t have hotels hosted 45,000 guests and earned Airbnb owners more than $30 million in 2022.
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Hamilton city council has unanimously approved a recommendation to help a group of tenants buy their affordable apartment building.
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The idea of buying a rental property is an appealing one to many Canadians. It is, after all, like starting your own business. Plus, if you invest, plan and execute properly, a rental property can lead to some nice returns in the long run. But with today’s market prices and interest rates, buying a rental […] The post Buying an Investment Property With Friends? Ask These Questions First appeared first on HGTV Canada.
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RBC Economics report finds sales growth in some Canadian markets while listings remain tight.
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Advanced economies like Canada are experiencing something that hasn’t been seen since the early 80s—no one believes Central Banks. It doesn’t matter how hard the Bank of Canada (BoC) or US Federal Reserve (the Fed) tries, most people don’t see them playing the tough guy. Few are tapering their demand from levels seen during record […]
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Higher interest rates have increased the interest expense of Canadians. Earn extra monthly income by buying quality REITs on dips.
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According to a recent survey, 46 per cent of first-time homebuyers in Atlantic Canada purchased a home in a more affordable neighbourhood or region than they had originally planned.
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B.C. first-time homebuyers ranked number one in the country for “most worried†in regards to missing out on the home they wanted due to not having enough for a down payment saved.
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Can the 15-minute neighbourhood solve Canada's housing crisis? Re/Max's report presents a compelling strategy, but it's not without challenges
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Another week and another round of fixed rate hikes have swept Canada's mortgage market.
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63% of Canadians Worried They Will Miss The Boat on Housing
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Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly.
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Canada's housing market started to rebound this spring amid a pause in interest rate hikes. With the central bank resuming its tightening cycle, here's what to expect.
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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!"
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