5th August 2023 - Greater Toronto Real Estate Express: Hot News Edition

★ Saturday 5th August 2023 ★ Questions Agents Hate! Greater Toronto Real Estate Express: Hot News Edition! "Your Compass for Navigating the Real Estate Market: Reports and Hot New Listings!" Welcome to "Greater Toronto Real Estate Express: Hot News Edition!" Our daily newsletter is your express route to the hottest news, trends, and updates in the Greater Toronto real estate market. We understand that time is of the essence, so our hot news edition delivers 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 updates, new listings, investment opportunities, and expert insights. Stay on the fast track and make informed decisions with our hot news edition. Subscribe now to "Greater Toronto Real Estate Express: Hot News Edition" and stay ahead of the game in the dynamic Greater Toronto real estate scene. How important is it to work with a local Real Estate Agent who specializes in the Toronto Market? Working with a local real estate agent who specializes in the Toronto market is highly important and can provide significant advantages for both buyers and sellers. Here's why: Local Market Knowledge: A real estate agent who specializes in the Toronto market has in-depth knowledge of neighborhoods, property values, market trends, and local amenities. They can provide valuable insights to help you make informed decisions. Access to Off-Market Listings: Local agents often have access to off-market or pocket listings, which are properties not publicly advertised. This gives buyers a competitive edge and provides sellers with more exposure to potential buyers. Pricing Expertise: Local agents understand the intricacies of Toronto's real estate pricing, helping sellers set the right listing price and assisting buyers in making reasonable offers. Network and Connections: Established local agents have a vast network of contacts, including other real estate professionals, potential buyers, sellers, and service providers. This network can be instrumental in facilitating smooth transactions. Neighborhood Insights: For buyers, a specialized agent can provide valuable information about different neighborhoods in Toronto, including schools, transportation, recreational facilities, and safety considerations. Negotiation Skills: A local agent who deals extensively with the Toronto market has honed negotiation skills and knows how to navigate competitive bidding situations to secure the best deal for their clients. Transaction Expertise: Toronto's real estate transactions can involve complex legal and regulatory requirements. A specialized agent understands these intricacies and ensures that all necessary paperwork and legal processes are handled correctly. Real-Time Market Updates: Local agents are up-to-date with current market conditions, including inventory levels, demand, and pricing trends. This knowledge helps them provide accurate advice and guidance. Smooth Closing Process: An experienced local agent can anticipate and resolve potential issues before they escalate, ensuring a smooth closing process for both buyers and sellers. Tailored Services: Local agents can tailor their services to meet the specific needs of their clients, whether they are first-time homebuyers, experienced investors, or sellers with unique property requirements. Support Throughout the Process: Working with a specialized local agent means having a dedicated professional by your side throughout the entire buying or selling journey, providing guidance and support at every stage. Trust and Reputation: Local agents who specialize in the Toronto market often have a strong reputation within the community. Their track record of successful transactions and satisfied clients instills confidence in their abilities. Overall, the Toronto real estate market is dynamic and competitive, making it crucial to partner with a local agent who possesses in-depth knowledge and expertise. Their insights and skills can make a significant difference in achieving your real estate goals in the ever-evolving Toronto market. Calgary woman says cost of renting with a pet forced her to live in her truck | CBC News Some animal welfare services are facing peak demand, in big part from Calgarians who can’t find affordable pet-friendly rentals. cbc.ca READ MORE ... 62% of Canadian homeowners concerned about their mortgage renewal: survey Homeowners are feeling the pinch of interest rate hikes, with 62% being concerned about higher payments when their mortgage comes up for renewal. rates.ca READ MORE ... Waterloo Region home prices dropped in July for first time in 4 months | Globalnews.ca Waterloo realtors say that the average cost of buying a home in the area was $795,778 in July, which is down 5.2 per cent from June. globalnews.ca READ MORE ... Toronto home sales and prices up from last July, down from June: TRREB TORONTO — The Toronto Regional Real Estate Board says July's home sales, listings and prices edged up from the same time last year, but activity looks to be slowing in the face of higher interest rates. elliotlaketoday.com READ MORE ... Drop in house prices good sign for housing market headed into the fall in Brampton | inBrampton With home sales across Ontario slowing during the “summer stall,” a drop in prices in Brampton could mean good news for potential buyers next season. insauga.com READ MORE ... Young Canadians flocking to First Home Savings Accounts, banks say - BNN Bloomberg Most Canadian banks aren’t yet offering the tax-free First Home Savings Account, but the two major banks that have made the option available say demand is high, particularly among young Canadians. bnnbloomberg.ca READ MORE ... The average price of a home in Toronto has plummeted by almost six figures this year Even if realtors and developers want to believe that Toronto's real estate market is holding strong in the face of record inflation and sky-high in... blogto.com READ MORE ... Despite summer slump home prices up nearly 4% in Mississauga | insauga The slow summer slump real estate season has arrived in Mississauga. insauga.com READ MORE ... Kelowna realtor didn't mention 'extensive damage' to $1.3M home, suit claims The buyer says the realtors wouldn't hand over the building inspection report and just told her the house needed $2,000 in repairs. infotel.ca READ MORE ... New survey reveals first-time buyers need even more help to purchase as rates climb Alberta’s first-time buyers are worried about affordability with many requiring financial assistance from their parents — though buyers here fare among the most financially fit in the nation, a new survey suggests. Royal LePage and mortgage insurer Sagen released the poll this summer, finding that 68 per cent of Alberta first-time buyers were worried they would not be able to buy due to affordability challenges. In turn, 55 per cent noted they... msn.com READ MORE ... Former B.C. mortgage specialist fined $50K for creating fake documents for clients | CBC News A former B.C. mortgage specialist has been fined $50,000 for creating and submitting fake employment and financial documents in five mortgage applications.  cbc.ca READ MORE ... Spotlight: Amid increasing costs residents of Simcoe-Grey are cutting back to make ends meet MP Terry Dowdall says it’s not your imagination, housing costs and interest rates have doubled since Justin Trudeau took office collingwoodtoday.ca READ MORE ... Toronto home sales and prices up from last year, but momentum slows Toronto housing market is losing momentum in the face of higher interest rates and low inventories, say market watchers. Read more financialpost.com READ MORE ... Condo tower to replace tiny homes in fast-changing Toronto neighbourhood A quiet cul-de-sac in Midtown Toronto is the latest target of that neighbourhood's ongoing condo boom. Developer Madison Group has filed an applica... blogto.com READ MORE ... Someone is renting a shared basement in Ontario for $1K with zero privacy | Urbanized A basement listing near Salem Road and Bayly Street East in Ajax lacks privacy and is available to rent for $1,000 a month per person.  dailyhive.com READ MORE ... Vancouver SRO owner rejects rent control, favours more housing supply Greg Spafford: "What Vancouver needs overall is just more housing — any type, any level." biv.com READ MORE ... Crazy B.C. housing prices help fuel 230% surge in Calgary condo presales, data firm says Magnum Projects is marketing a new Bosa Development highrise in the city’s downtown core during a record population influx from B.C. and Ontario. timescolonist.com READ MORE ... Toronto home sales and prices up from last July, down from June | Advisor's Edge Average cost of a detached home in the market rose 4.8% year over year to top $1.4 million advisor.ca READ MORE ... House of the Week: $849,000 for a two-storey floating home in the Bluffs overlooking the marina One of only 25 floating homes permitted in Toronto, this 1,300-square-foot wonder is liveable year-round torontolife.com READ MORE ... These are the Canadian cities where homes are most affordable - BNN Bloomberg Canadians earning average incomes may struggle to afford homes in the country’s urban centres, but new research from Zoocasa is highlighting real estate markets where homes are within reach. bnnbloomberg.ca READ MORE ... Toronto Homes Sales Rose 7.8% In July, Vancouver Sales Up 28.9% Home sales in Toronto and Vancouver continued to rise in July despite higher interest rates charged on mortgages. The Toronto Regional Real Estate Board (TRREB) said home sales in the Greater Toronto Area (GTA) totaled 5,250 in July, which was up ... baystreet.ca READ MORE ... Toronto's market shows signs of balance in July, favouring neither buyers nor sellers TRREB's July Market Watch shows a more balanced real estate market in Toronto, with neither buyers nor sellers having a clear advantage realestatemagazine.ca READ MORE ... Canadians remain among the top foreign buyers of property in the U.S. Homebuyers from Canada spent US$6.6 billion on vacation, rental and permanent residence properties south of the border between April 2022 and March 2023 biv.com READ MORE ... Canada’s Real Estate Correction Is Far From Over: Oxford Economics - Better Dwelling Canada’s real estate correction is all set to continue, following a brief interruption. High-profile macroeconomics firm Oxford Economics sees the Spring bounce as temporary. Their latest forecast shows the correction is only halfway, and will last well into next year. Higher mortgage rates and macroeconomic erosion may also prevent a rapid recovery. Canada’s Real Estate […] betterdwelling.com READ MORE ... Hamilton housing market sees decline in sales as interest rates soar Just 470 homes sold in the city in July, making it the slowest month of the year for the local market since January. thespec.com READ MORE ... Ten thousand affordable homes in seven years? Nothing is impossible in can-do Waterloo Region ‘There’s something about not just a good idea, but a big idea,’ says Habitat head Philip Mills. ‘If it’s insurmountable, that’s the thing to be tackli waterloochronicle.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