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Curated Greater Toronto Real Estate Buzz: Daily Digest!"Your go-to destination for FREE Reports, fresh Listings,
and expert guidance in Home Buying and Selling!"Welcome to "Curated Greater Toronto Real Estate Buzz: Daily Digest!" Our daily newsletter is your trusted source for a curated selection of the most buzzworthy updates, trends, and insights in the Greater Toronto real estate market. We understand that staying in the loop is crucial, and our digest delivers the most exciting and relevant content straight to your inbox. Whether you're a buyer, seller, investor, or industry enthusiast, our curated digest covers a wide range of topics, including market highlights, new developments, design trends, neighborhood spotlights, and more. Stay on top of the buzz and make informed decisions with our daily digest. Subscribe now to "Curated Greater Toronto Real Estate Buzz: Daily Digest" and get your daily fix of the most engaging news and trends in the Greater Toronto real estate scene. If you decide not to purchase the property at the end of the rent-to-own term, the specific outcomes can vary depending on the terms of your agreement. Here are a few possible scenarios: Option Fee Forfeiture: In most rent-to-own agreements, a portion of the rent or an upfront option fee is paid to secure the option to purchase the property. If you choose not to exercise the option to buy, you may forfeit this fee or a percentage of it as specified in the agreement. This fee is typically non-refundable and serves as compensation for the seller's commitment to give you the opportunity to purchase the property. Non-Obligation to Purchase: If you have a rent-to-own agreement that does not include a legally binding obligation to purchase the property, you may simply choose not to proceed with the purchase. In this case, you would not be held accountable for buying the property, but you would not receive any reimbursement for the option fee or any other payments made towards the purchase. Contract Termination: Some rent-to-own agreements include provisions for contract termination if the tenant decides not to proceed with the purchase. The terms and conditions for termination, including any penalties or obligations, should be clearly outlined in the agreement. It's important to review the contract carefully to understand the consequences of not purchasing the property. Negotiation and Flexibility: In certain cases, there may be room for negotiation or flexibility with the property owner. If you have a good relationship with the owner and open communication, you may be able to discuss alternatives, such as extending the rental period or renegotiating the terms of the agreement. This could allow for more time to save for a down payment or explore other housing options.
It's crucial to review your specific rent-to-own agreement and consult with a legal professional to fully understand the implications of not purchasing the property. Understanding the terms and obligations upfront can help you make an informed decision and minimize any potential financial or legal consequences. Keep in mind that rent-to-own agreements can vary, and it's important to have a clear understanding of the terms, including the purchase price, the portion of rent credited towards the down payment, and any other specific conditions outlined in the agreement. Working with a real estate professional or legal advisor can provide guidance and ensure you fully comprehend your rights and obligations throughout the rent-to-own process.
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Renting an Apartment in Toronto: 10 Things to Consider When Viewing A Potential New Home - Canada Immigration and Visa Information. Canadian Immigration
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First-time buyers can open a first home savings account (FHSA) as of April.
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This place: This spectacular Toronto mansion offers 11,000 square feet of space and a ton of luxurious features, including an elevator Price: $7,198,000 Address: 158 Edenbridge Dr. Neighbourhood: Edenbridge–Humber Valley Big selling point: This mansion sits next to James Gardens and offers a ton of high-end features, including heated floors, an in-ground pool, a wine […]
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If there’s one purchase in your life you need to make carefully, it’s the purchase of a home.
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Economists are predicting Canadians might see another interest rate hike next week and say homeowners who are already financially vulnerable will have a tougher time making mortgage payments.
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The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain in June, forecasters are still expecting an interest rate hike by the Bank of Canada next week.
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The Bank of Canada is expected to raise its key interest rate once again next week, a move an economist at one of Canada’s largest banks says is likely a mistake.
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CALGARY — As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in Alberta's largest city.
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The nine bedroom eight bathroom property found on Lake Joseph is only reachable by boat from the private landing five minutes away from the island.
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Residential property sales in Greater Montreal fell by 10 per cent in June, compared to the same month last year, the Association professionnelle des courtiers immobiliers du Québec (APCIQ) reported on Thursday.
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As rents skyrocket, tenants in many cities are banding together in hopes of gaining the kind of collective bargaining rights some workers have
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A new United Counties study paints a stark picture of the increasing remoteness of housing affordability in Leeds and Grenville.
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The City of Burlington has put out a call to those interested in becoming long-term tenants at a yet-to-open community centre. The location is the old Robert Bateman High School site which has been bought by the City and will undergo a redesign to turn it into a multi-purpose mega-community centre. At this time, the […]
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As Toronto home sales slowed in June from the previous month, one mortgage broker said the current market cooling goes beyond seasonality trends, due partly to higher borrowing costs.
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Buyer interest remains high but supply is tight and mortgage rates tough to grapple with
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The word “den” has become a marketing vernacular for developers and sellers. The use of the infamous “+1” has become a promotional tool for many.
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Starting later this month, the three real estate boards in the region will formally require listing realtors to disclose the number of offers on a sale after a bid is accepted.
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Canadian real estate market activity is cooling, warned the country’s largest bank. RBC observed supply in virtually every major market rose in June. At the same time, they note that sales are growing at a much slower rate than in previous months. If the current market conditions hold, they expect price appreciation to grind lower. […]
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The City has launched the Rental Apartment Retrofit Accelerator (RARA) pilot program to future-proof existing rental buildings.
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'It is through not only the dedication of our police service, but also the strength of our community members that helps to foster a safer city,' says police chief
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A recently published rental report for June 2023 by Rentals.ca shows Hamilton sitting in 19th place on the National Rent Rankings List, with the average rent
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Energy auditor Doug Rysdale recommends against renting a hot water tank
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When Marcus Rader returned home after an extended winter trip last year, he was greeted with a broken furnace, freezing temperatures and a week-long wait for a repair.
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New data shows that the rental market in Windsor is tightening further — leaving low and middle-income earners unable to afford a place to live in the region.
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The City of Vancouver had been ordered to release the information by the province's Information and Privacy Commissioner, which a B.C. Supreme Court judge says was the wrong call.
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Alberta outstrips every other province in attracting national migrants
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As an extension to your property or a separate entity within your garden, a shed can provide valuable storage space, act as a dedicated work
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While the Toronto real estate market might be cooling down, it still isn't affordable by any stretch.
Housing prices went up yet again in June and...
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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!"
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
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