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Unveiling GTA Real Estate: Hot Daily Scoop!"Empowering Your Real Estate Vision: Expert Reports & Curated Listings!""Unveiling GTA Real Estate: Hot Daily Scoop" is your daily unveiling of the most sizzling developments and crucial insights in the Greater Toronto Area real estate market. Each day, we provide you with an exclusive scoop on the latest trends, news, and market updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or industry enthusiast, our carefully curated content covers a wide spectrum of topics, including market shifts, investment opportunities, new listings, and expert analysis. Stay ahead of the curve and make informed decisions with "Unveiling GTA Real Estate: Hot Daily Scoop" as your trusted resource in the dynamic GTA real estate landscape. The pricing of new homes compared to resale homes in the Toronto real estate market can vary depending on several factors, including location, size, age, and market conditions. Here are some general considerations: New Homes: Initial Cost: New homes often come with a higher initial purchase price compared to resale homes. This is because they are brand new, built with modern materials, and often include the latest design features and technologies. Customization: New homebuyers may have the opportunity to customize certain aspects of the property, such as finishes, fixtures, and layout, according to their preferences. This customization can come at an additional cost. Energy Efficiency: New homes are typically built to modern energy efficiency standards, which can result in lower utility bills over time. This can be a long-term cost-saving benefit. Warranty: New homes often come with warranties from the builder, providing peace of mind regarding potential structural defects and major systems for a specified period. Lower Maintenance: New homes require less immediate maintenance and repair compared to older resale homes. Many components are under warranty, and systems are up to date.
Resale Homes: Potential for Bargains: Resale homes, especially those in need of renovations or located in less competitive neighborhoods, may offer opportunities for buyers to purchase at a lower price compared to new homes. Established Neighborhoods: Resale homes are often found in established neighborhoods with mature trees, infrastructure, and established amenities. Buyers may value the character and charm of these areas. Predictable Costs: With a resale home, you have a history of property taxes, utility costs, and maintenance expenses, which can help you predict ongoing costs more accurately. Negotiation Room: There may be more room for negotiation when buying a resale home, especially if it has been on the market for a while. Buyers can potentially secure a better deal. Known Quality: In a resale home, you can assess the quality of construction and any renovations firsthand, as opposed to relying on plans and promises. Faster Occupancy: Resale homes typically have a quicker occupancy timeline compared to new construction, which can be appealing for buyers who want to move in sooner.
In summary, the pricing of new homes is often higher due to their modern features, customization options, and energy efficiency. Resale homes, on the other hand, may offer potential bargains, established neighborhoods, and a quicker move-in timeline. The choice between a new home and a resale home ultimately depends on your budget, preferences, and priorities. Working with a knowledgeable local real estate agent can help you navigate the Toronto real estate market and make an informed decision based on your specific needs and goals.
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Nearly half of non-homeowners in Canada think they'll never be able to purchase a home, according to new survey results from Mortgage Professionals Canada (MPC).
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Housing prices across Canada rose in August, marking their sixth consecutive monthly rise, according to new data from the Teranet-National Bank House Price Index.
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The Canada Mortgage and Housing Corporation Canada Mortgage says the annual pace of housing starts in Canada edged down one per cent in August compared with July.
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More college and university grads are finding their homeownership dreams further out of reach than in years past.
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John Pasalis, president and broker,at Realosophy Realty, joins BNN Bloomberg to talk about the Canadian housing market, why a pause on rates at this point won't move the needle and what immigration means for the rental market.
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While the average price for a single family home is well over $1 million in Mississauga, there are some cheaper homes on the market.
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It was a pretty slow summer for real estate sales in many Ontario markets, was this a harbinger of things to come as we now enter one of the busier periods of the year?
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Investors are increasingly shaping Canada's housing market, with their influence growing steadily, according to recent data from the Bank of
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This 1,300-square-foot unit also comes with wood slat ceilings, exposed brick, polished concrete floors and sleek sliding doors
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Condo construction feels never-ending in Toronto, where developers continue to jam shiny skyscrapers into new parts of the downtown core, whether i...
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Learn more about these five ways you can increase your rental profit margins as a landlord. Read now
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Learn about the Implied Warranty of Habitability and your responsibilities as a landlord.
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The increase in real estate prices throughout the Greater Toronto Area (GTA) is nothing new. But how much have prices in Peel Region grown over the past 10 years?
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A new Re/Max Canada report has forecasted that the averaged sale price of a home in Hamilton will drop another two per cent by the end of the year.
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Discover the shocking truths that challenge everything you know about real estate. Prepare to question your beliefs and be amazed.
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A large number of young adults are delaying homeownership in the province, citing student debt as the “primary reason” for postponing this milestone, a new poll by the Ontario Real Estate Association (OREA) suggests.
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In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year.
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As interest rates climb, variable-rate mortgage holders are paying thousands of dollars in added interest compared to people with fixed rates.
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Housing affordability crisis deepens as mortgage rates hit multi-decade highs
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It is estimated that B.C. tenants bore an extra $2 billion in rent costs between 2016 and 2021 due to the vast expansion of short-term rentals.
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As average rent prices in Canada hit record highs, experts say it's going to take more than just interest rate hikes to cool the red-hot market, including a crucial boost in supply.
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Fake listings have emerged as a major problem for Airbnb, threatening to scare off consumers and prompting the short-term rental service to use AI in an effort to crack down on fraudsters.
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The average sale price for all dwelling types combined in Canada’s biggest city in August was $1,005,945.
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This 2,300-square-foot property comes with its original shiplap ceilings and standalone barn as well as a 600-bottle wine cellar and five spa-worthy bathrooms
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Canadians looking for student loan relief have a new ally—Ontario’s real estate industry. The Ontario Real Estate Association (OREA), a trade organization representing 90,000 Realtors, released a new report called The หImpact of Student Loan Debt On Homeownership. Many students feel their loans are yet another hurdle to ownership, and the organization has a few […]
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Home Builders' Associations and others are beseeching the Saskatchewan government to follow suit with the federal government's recent decision to remove taxes on new builds for rental buildings to address housing affordability and availability issues.
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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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