31st July 2023 - Greater Toronto Real Estate Pulse: Breaking News

💥 Monday 31st July 2023 💥 For Sale By Owner! Greater Toronto Real Estate Pulse: Breaking News! "Your ultimate resource for informed decisions: FREE Reports and the latest Listings!" Welcome to "Greater Toronto Real Estate Pulse: Breaking News!" Our daily newsletter is your pulse on the latest breaking news, trends, and insights in the Greater Toronto real estate market. We understand that staying up to date is crucial, so our newsletter delivers real-time updates and impactful information directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market movements, new developments, investment opportunities, and regulatory changes. Stay ahead of the curve and make informed decisions with our daily pulse on breaking news. Subscribe now to "Greater Toronto Real Estate Pulse: Breaking News" and stay at the forefront of the dynamic Greater Toronto real estate scene. Are there any specific legal or paperwork requirements when selling a property "For Sale By Owner" in Toronto? Selling a property "For Sale By Owner" (FSBO) in Toronto is possible, but it does come with specific legal and paperwork requirements that the seller needs to fulfill. Here are some essential legal and paperwork considerations when selling a property FSBO in Toronto: Property Disclosure: In Toronto, sellers are required to provide potential buyers with a property disclosure statement. This statement includes information about the property's condition, any known defects, and any other material facts that may affect the buyer's decision. Agreement of Purchase and Sale: The most critical document in the selling process is the Agreement of Purchase and Sale (APS). This is a legally binding contract between the seller and the buyer that outlines the terms and conditions of the sale, including the purchase price, deposit amount, closing date, and any other specific agreements. Legal Representation: While it is possible to sell FSBO without a real estate agent, it is advisable to seek legal representation from a real estate lawyer who can guide you through the legal aspects of the transaction. The lawyer will review and prepare the necessary legal documents, including the APS, to protect your interests and ensure a smooth closing process. Title Search and Property Documents: The seller needs to provide the buyer with clear title to the property. A title search is conducted to verify ownership and uncover any liens, encumbrances, or other issues that may affect the property's title. The seller must also provide the buyer with relevant property documents, such as survey certificates, utility bills, and permits. Property Tax Information: The seller must disclose the current property tax status, including any outstanding property taxes or credits that will be transferred to the buyer. Condo Status Certificate Documents: If the property is part of a condominium, the seller must provide the buyer with relevant status documents, including building bylaws, financial statements, and other supporting documents. Closing Process: The seller needs to ensure a smooth closing process, which involves coordinating with the buyer, lawyers, and any other involved parties to finalize the transaction. This includes transferring ownership, paying off any outstanding mortgages, and arranging for the transfer of keys and possession to the buyer. It's essential for sellers to be well-prepared, organized, and knowledgeable about the legal requirements and paperwork involved in a FSBO transaction. Engaging the services of a real estate lawyer experienced in FSBO transactions can provide valuable assistance and peace of mind throughout the process. How high will interest rates go? Could they reach double digits? - MoneySense Is the BoC done with rate hikes, or is Canada in for a repeat of the 1980s? Inflation persists, but experts say the driving factors are different today. moneysense.ca READ MORE ... A look at the housing prices in neighbourhoods across the city of Ottawa The most expensive residential property areas in Ottawa are Rockcliffe, McKellar Heights and the Glebe/Old Ottawa South and East, according to data. ottawa.ctvnews.ca READ MORE ... Some renters may get relief from biggest apartment construction boom in decades, but not all | CityNews Kitchener LOS ANGELES (AP) — When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades. Median rent rose just 0.5% in... kitchener.citynews.ca READ MORE ... This Week’s Top Stories: Canada’s Government Spending Pushed Rates Higher, & Mortgage Costs To Rise - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgages To Surge Higher As Bond Yield Hits 16 Year High Canadian mortgage rates are set to increase as the Government of Canada 5-year bond yield hit a 16-year high. This yield directly influences the 5-year fixed mortgage rate, which is […] betterdwelling.com READ MORE ... Huge Toronto development to replace almost entire street of small houses A block of single-family homes in Toronto could soon be entirely erased and transformed into a new two-tower condo complex. A mid-July development ... blogto.com READ MORE ... This $5.5 million home in Ontario looks like it belongs on an interior design show When we first saw 11 Cranberry Lane, we genuinely thought this was a Studio McGee house straight out of the Netflix show, Dream Home Makeover.  The... blogto.com READ MORE ... This extremely average Toronto house is on the market for $10 million Home prices are supposed to be tanking as interest rates are rising and buyers start pulling away.  But every once in a while, homes like 821 The Q... blogto.com READ MORE ... 'Much needed' rental apartment building opens in Newmarket Residents are beginning to move into the 216-unit building at 195 Deerfield Rd., near Davis and Yonge newmarkettoday.ca READ MORE ... Housing advocates rally over ‘fraudulent landlord-use evictions’ in New Westminster - BC | Globalnews.ca The Association of Community Organizations for Reform Now alleges long-term tenants evictions were made in “bad faith” at properties owned by Sangha and Harron Investments. globalnews.ca READ MORE ... Iranian refugee who bought $6.6M home in West Vancouver fails to convince judge foreign buyers' tax is unconstitutional An Iranian refugee who has lived in British Columbia since 1995 but did not receive permanent resident status until last year has had his challenge to the constitutionality of the province's foreign buyers' tax rejected by the B.C. Supreme Court. bc.ctvnews.ca READ MORE ... Halton House of the Week: Milton mansion includes pool, outdoor courts | inHalton This Place: Milton mansion includes everything you need to be the perfect host. Price: $5,288,000 Address: 2081 20 Side Road, Milton Bedrooms: 6 Baths: 6 Taxes: $13,916 Features: This majestic oasis provides countless features to mesmerize guests. Stunning upgrades suitable to accommodate your expectations. Indoor amenities include beautiful kitchen, floor-to-ceiling windows, Indonesian hand-scraped hardwood throughout, […] insauga.com READ MORE ... Rental Housing Industry Fraud [Infographic] | SmartMove Fraud has been common in the rental housing industry for years, but todays digital landscape has accelerated housing scams. Learn more and what to do about it with our infographic. mysmartmove.com READ MORE ... 'It is not right’: Toronto tenants go on rent strike to protest increases Tenants at several buildings in Toronto have gone on a rent strike to protest unfair treatment by their landlords. Find out more. financialpost.com READ MORE ... Mismatch between minimum wage and income required to rent average apartment: report No one earning minimum wage was able to rent out an average apartment last year without spending more than one-third of their income on housing, a recent report has found. ctvnews.ca READ MORE ... This $149K house boat might be Toronto's best real estate deal right now In a city where you need to make $222,600 a year to buy a house and where parking spots are being sold for more than some homes in Ontario, finding... blogto.com READ MORE ... 7 Renter Screening Warning Signs That Aren�t So Obvious | SmartMove Good tenant screening should include a credit check, eviction history and background report. But there are less obvious aspects to evaluate. Read now. mysmartmove.com READ MORE ... 5 Rental Scams to Avoid [Tips for Landlords | TransUnion SmartMove Keep an eye out for rental scams and protect your real estate investment. Read tips for avoiding rental scams. mysmartmove.com READ MORE ... CREA slashes home sales forecast for this year and next in wake of interest rate hikes The Canadian Real Estate Association is cutting its forecast for home sales activity for 2023 and 2024 after a pair of interest rate hikes from the Bank of Canada injected new uncertainty into the housing market. In a forecast released July 14, CREA said that while new listings are now catching up to sales, the growing consensus that rates will not just be higher, but also higher for longer has made it downgrade its April projections. It now... msn.com READ MORE ... OPINION: Rally in Canadian home prices expected to be short-lived National home sales in Canada edged up slightly by 1.5% in June compared to the previous month, according to data from CREA... realestatemagazine.ca READ MORE ... Here’s how much you need to make to reasonably afford an apartment in southwestern Ontario cities A new report outlining the cost of renting in cities across Canada shows that nowhere in Ontario can someone making minimum wage reasonably afford a one-bedroom apartment. kitchener.ctvnews.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 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, Investing or Homebuyer's 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:   Homebuyer Hub | 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 July 2023 - Daily Dispatch: Greater Toronto Real Estate Updates

★ Saturday 29th July 2023 ★ Toronto Real Estate Fixer Upper - Myths & Facts! Daily Dispatch: Greater Toronto Real Estate Updates! "Your pathway to Real Estate triumph: expert Reports and the latest, in-demand Listings!" Welcome to "Daily Dispatch: Greater Toronto Real Estate Updates!" Our daily newsletter is your reliable dispatch of the latest updates, trends, and insights in the Greater Toronto real estate market. We understand the importance of staying informed, so we dispatch the most relevant and impactful information directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market trends, new listings, investment opportunities, and expert opinions. Stay ahead of the game and make informed decisions with our daily dispatch. Subscribe now to "Daily Dispatch: Greater Toronto Real Estate Updates" and stay connected to the pulse of the Greater Toronto real estate market. What are the Key Factors to consider before Purchasing a Fixer-Upper Property in Toronto? Purchasing a fixer-upper property in Toronto can be a rewarding investment, but it also comes with unique considerations. Before making a decision, here are some key factors to consider: Budget and Renovation Costs: Assess your budget for both the purchase price and the estimated renovation costs. Get quotes from contractors and professionals to understand the potential expenses involved in bringing the property to your desired condition. Scope of Renovations: Determine the extent of renovations required. Are they mostly cosmetic upgrades or major structural changes? Consider your skill level and available time for DIY projects, as well as the need to hire professionals for certain tasks. Location: Evaluate the neighborhood and location of the fixer-upper property. A property in a desirable location is likely to hold its value better over time and attract potential buyers or renters in the future. Home Inspection: Conduct a thorough home inspection to identify all the issues and defects with the property. Understanding the property's condition helps you make informed decisions and negotiate a fair purchase price. Zoning and Permits: Research the zoning regulations and building permits required for the planned renovations. Some extensive renovations may require special permits and approvals from the local authorities. Potential Resale Value: Analyze the potential resale value of the property after renovations. Compare it to similar renovated homes in the area to determine if the investment aligns with your financial goals. Financing Options: Explore financing options suitable for purchasing a fixer-upper, such as renovation loans or construction mortgages. Speak with lenders to understand the terms and conditions. Realistic Timeline: Have a realistic timeline for the renovations and factor in any unexpected delays that may arise during the process. Hidden Costs: Be prepared for unexpected costs that may arise during renovations. Renovation projects often uncover hidden issues that require additional funding. Feasibility of DIY Projects: Consider the feasibility of taking on DIY projects versus hiring professionals. While DIY can save money, ensure you have the necessary skills and knowledge for the tasks you plan to tackle. Future Use: Determine your long-term plans for the property. Are you planning to live in it, rent it out, or resell it after renovations? This can influence the scope and level of investment in the renovations. Risks and Patience: Understand that buying a fixer-upper involves risks, and the renovation process may require patience and perseverance. Remember that buying a fixer-upper can be a rewarding experience, but it requires careful planning and realistic expectations. Consulting with a real estate agent experienced in fixer-upper properties and seeking advice from renovation professionals can be beneficial as you navigate the process. Buying a House? What Type of Mortgage is Right for You? – Energeticcity.ca Buying a home is an exciting time in life. Knowing the many mortgage options can help you select the mortgage that’s right for you.  energeticcity.ca Read More ... These Toronto real estate listings are perfect for aspiring Barbie Dreamhouse owners We asked realtors how much Barbie’s homes would cost in Toronto today—and scoured the market for comparable properties torontolife.com Read More ... Sask. online housing rental scams an increasing threat, organizations say Consumers and rental housing providers are being warned that the threat of online rental scams is increasing in Saskatchewan. regina.ctvnews.ca Read More ... Newly renovated apartments appear on Airbnb in Peterborough, are short-term rentals affecting long-term tenants? As more Airbnbs take up residency, is there room for short-term rentals in Peterborough's tight housing market? thepeterboroughexaminer.com Read More ... FHSA | First Home Savings Account | Now Available | National Bank Here’s everything you need to know about the First Home Savings Account (FHSA). nbc.ca Read More ... The Most Affordable Places to Live in Canada 2023 Houses in these provinces don't necessarily cost a pretty penny. Here are the most affordable places to live in Canada this year. hgtv.ca Read More ... Spotlight: How to earn passive income through mortgage fund investing Alex Leduc, CFA and CEO of Perch Capital on mortgage investing and MICs, an alternative investment that’s growing in popularity bradfordtoday.ca Read More ... Amid a countrywide housing shortage, what will it take to build more accessible homes? | CBC News Advocates are calling for changes in municipal, provincial and federal building codes to mandate accessible features in residential buildings, additional incentives for developers to build more accessible units and more public education on why accessible homes are needed in the first place. cbc.ca Read More ... 'EXTRAVAGANT': Oakville mansion just sold for more than $10.3 million and includes 2 pools, theatre, gym, 8 bathrooms A 5,000 square-foot mansion in Oakville is Ontario's most expensive home of the month, according to real estate firm Zoocasa. insidehalton.com Read More ... Climate groups, tenants accuse Toronto landlord of ‘greenwashing’ rent hikes Climate protesters say a Toronto landlord is “greenwashing” rent increases and carrying out green retrofitting practices that displace long-term tenants. nationalobserver.com Read More ... How high will interest rates go? Could they reach double digits? - MoneySense Is the BoC done with rate hikes, or is Canada in for a repeat of the 1980s? Inflation persists, but experts say the driving factors are different today. moneysense.ca Read More ... Homeowners taking drastic measures to pay mortgages Some homeowners are switching to fixed-rate alternatives from variable-rate mortgages, while others are waiting it out while struggling to make their payments as the interest rates continue to rise after a brief pause. oakvillenews.org Read More ... Groups of tenants across Toronto are withholding rent payments In the east Toronto neighbourhood of Thorncliffe Park, residents in three buildings have withheld rent since May, after their landlord proposed a five per cent increase for next year — and they're not alone. cp24.com Read More ... House of the week: Unique Mississauga home backs onto the Credit River | insauga The Mississauga home of the week is surrounded by mature trees and it backs onto the Credit River. insauga.com Read More ... Slowing economic growth could keep the Bank of Canada on hold - Mortgage Rates & Mortgage Broker News in Canada The latest barometer of Canada's economic growth is being described as "disappointing," which some say could be enough to avoid any further Bank of Canada rate hikes. canadianmortgagetrends.com Read More ... 'Luxury living': Mississauga mansion among most expensive homes sold in Ontario this month according to real estate report Real estate brokerage Zoocasa has released their list of the most expensive and affordable homes that were sold in July, with a mansion in Mississauga making the list of most mississauga.com Read More ... 'The new normal': Why housing starts are declining in Windsor-Essex According to the Canada Mortgage and Housing Corporation (CMHC) new builds are falling below projections. windsor.ctvnews.ca Read More ... This historic $5.5 million Bridle Path home would make the perfect party house Behind some overgrown shrubbery at the corner of Bayview Ave. and Valleyanna Dr. is a 1917 Arts and Crafts-style gatehouse designed by Eden Smith, ... blogto.com Read More ... “I live in my van, rent-free, in downtown Toronto. Here’s how I make van life work” For the past four years, Georgia Broderick and her fiancé have lived full time in their 72-square-foot van. Here, she explains why it’s worth it—even without a bathroom torontolife.com Read More ... New 'credit passport' could ease newcomers' access to Canadian mortgage lending Nova Credit and Scotiabank to help newcomers use their foreign credit history in Canadian transactions mpamag.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, Investing or Homebuyer's 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:   Homebuyer Hub | 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