10th July 2023 - Stay In the Know: Greater Toronto Real Estate News!

★ Monday 10th July 2023 ★ 11 Home Inspection Pitfalls - FREE Report Stay In the Know: Greater Toronto Real Estate News! "Unveiling the keys to prosperous Home Buying and Selling through our Reports and exclusive New Listings!" Stay in the know with "Greater Toronto Real Estate News!" Our daily newsletter is your trusted source for the latest updates, trends, and insights in the Greater Toronto real estate market. We understand that being well-informed is essential, and our newsletter delivers the most relevant and timely news 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 updates, new listings, investment opportunities, regulatory changes, and expert opinions. Stay ahead of the curve and make informed decisions with our comprehensive coverage. Subscribe now to "Greater Toronto Real Estate News" and stay in the know about all things related to the dynamic Greater Toronto real estate market. What are the key components and areas that a Home Inspector evaluates during a Home Inspection? During a home inspection, a qualified home inspector evaluates various components and areas of a property to assess its condition. Here are some key components and areas that a home inspector typically evaluates: Structural Components: The home inspector examines the foundation, walls, roof, and overall structure of the property. They look for any signs of structural damage, such as cracks, unevenness, or sagging. Exterior: The exterior of the property is inspected, including the siding, windows, doors, and any attached structures like decks or porches. The inspector checks for signs of moisture damage, rot, and proper functioning of doors and windows. Roofing: The roof is inspected for its condition, including the roofing materials, flashing, gutters, and downspouts. The inspector looks for any signs of leaks, damaged shingles, or potential issues with the roof's integrity. Plumbing System: The home inspector evaluates the plumbing system, including the pipes, fixtures, and water supply. They check for leaks, water pressure, proper drainage, and the functionality of faucets, toilets, and showers. Electrical System: The electrical system is assessed to ensure it is safe and up to code. The inspector examines the electrical panels, wiring, outlets, and switches. They also check for any potential fire hazards or safety concerns. HVAC System: The heating, ventilation, and air conditioning (HVAC) system is inspected to assess its condition and functionality. The inspector checks the furnace, air conditioning unit, ductwork, filters, and thermostats. Interior: The interior of the property is evaluated, including the walls, ceilings, floors, doors, and stairs. The inspector looks for any signs of water damage, mold, pest infestations, or structural issues. Insulation and Ventilation: The home inspector assesses the insulation levels in the property, including in the walls, attic, and basement. They also check for proper ventilation to prevent moisture buildup and potential issues like mold growth. Appliances and Systems: If included, the home inspector may evaluate the condition and operation of appliances such as the stove, dishwasher, and laundry equipment. They may also assess other systems like the fireplace or security systems if applicable. It's important to note that a home inspector's role is to identify any visible issues or areas of concern. They may recommend further evaluation by specialists for specific systems or components if necessary. A comprehensive home inspection report will provide detailed findings and recommendations, helping buyers make informed decisions about the property. This single dad makes $75K a year. He can't find affordable housing in Vancouver for him and his son | CBC News Karl Eaton says he can’t find a two-bedroom apartment for less than half of his salary so that he can afford other expenses like groceries and paying for his son’s post-secondary education. cbc.ca Read Now Here are the least expensive homes sold in Oakville, Burlington, Milton in June | inHalton Housing continues to be very expensive in Halton as new builds lag behind population growth in Milton, Burlington, Oakville and Halton Hills. But there are still some deals to be found. Here are five of the least expensive homes sold in Halton Region during June: 609-2411 New St., Burlington $460,000 Newly-renovated, spacious two bedroom, one […] insauga.com Read Now Private island in 'very sought after' location in Muskoka for sale at $32.5M A private island with four standalone cottages nestled in a 'very sought after' location in the Muskoka Lakes has just been put up on the market. cp24.com Read Now This $7 million Toronto penthouse has cabinets that took three years to make While it may take forever for renovations to be completed in a post-COVID era, there was a time when you could expect the renovations in a semi-tim... blogto.com Read Now As Canadian housing crisis rages on, is ‘financialization’ really to blame? Canada needs 5.8 million new homes by 2030 to solve the housing crisis, according to the Canadian Mortgage and Housing Corporation. niagarafallsreview.ca Read Now What to expect from the next Bank of Canada interest rate announcement The Bank of Canada will issue an interest rate update on July 12. This will mark the fifth interest rate announcement of 2023. Three more are sch... blogto.com Read Now Developers are turning 14 GTA malls into tiny cities, with Cloverdale leading the way – is this the solution to Toronto’s housing crisis? In Brampton, Mississauga and Toronto, close to 200 residential buildings are proposed on the sites of older, tired malls. The new 15-minute cities will include condos, parks, recreation centres and other amenities. thespec.com Read Now July BoC hike will severely weigh on over-leveraged borrowers: analyst Markets are expecting a 50/50 chance of another increase this month mpamag.com Read Now Ontario government says it will help lower home prices but only for one type Amid endless calls for some kind of government intervention to assuage the housing crisis in the GTA and beyond, the Government of Ontario is now c... blogto.com Read Now This is what $11 million will get you in Brampton Everyone knows real estate in Toronto is wild. There are tiny houses with only two bedrooms going for almost $2 million, homes that are only 11-fee... blogto.com Read Now Stretching mortgage amortizations could cost you more than you think - National | Globalnews.ca Extending mortgage amortization is a common way for lenders to offer relief to struggling consumers, but the strategy could cost homeowners more in the long run, experts say. globalnews.ca Read Now Canada Adds Guidelines for Banks to Prevent Mortgage Defaults - BNN Bloomberg Canadian banks need to take steps to assist mortgage holders who are struggling to stay above water after a rapid spike in interest rates, according to new guidelines issued Wednesday. ampvideo.bnnbloomberg.ca Read Now Eviction order for tenant ‘shooting fireworks’ from apartment "Shooting fireworks. Threatening us. Drunk yelling at us." A Yellowknife tenant was issued an eviction order after "very concerning" complaints. cabinradio.ca Read Now To solve Dutch housing crisis, proposal aimed to ban the rich from buying some homes. Could it work here? | CBC News In an attempt to deal with an affordable housing crisis, the Dutch housing minister recently proposed a law that would have allowed municipalities to force some property owners to sell their homes only to low and middle-income earners. The problem the policy is trying to fix is one that's particularly acute in Canada. cbc.ca Read Now This Canadian City Was Named One Of The Most Expensive Places In The World To Rent An Airbnb It's probably not your first guess. msn.com Read Now BoC expected to raise rates again this week, vying to quash inflation faster The Bank of Canada is expected to raise interest rates again this week as forecasters say the economy has not softened enough for the central bank to back off. ctvnews.ca Read Now Average price of Hamilton home hits yearly high in June Year-to-date property sales, values and listings continue lagging compared to 2022 thespec.com Read Now Srivindhya Kolluru: Crushing mortgage payments have Canadian homeowners looking for options. Here are a few … While Canada’s inflation rate slowed to 3.4 per cent in May, Canadian households continue to be squeezed amid rising mortgage payments. toronto.com Read Now What does the colour of your front door say about you? Red conveys boldness and excitement, while blue says you're trustworthy and stable nationalpost.com Read Now What impact would another Bank of Canada hike have on the housing market? The central bank is scheduled to reveal its next decision on Wednesday mpamag.com Read Now 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... 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