|
|
GTA Real Estate Breakdown: Daily Hot News!"Your Blueprint for Success: Reports & the Latest, Hottest Listings!""GTA Real Estate Breakdown: Daily Hot News" is your daily breakdown of the most sizzling and crucial updates in the Greater Toronto Area real estate market. Each day, we dissect the latest headlines, trends, and market insights and deliver them directly to your inbox. Whether you're a prospective buyer, seller, investor, or a real estate enthusiast, our breakdowns cover a wide range of topics, from market shifts and investment opportunities to expert analysis and emerging trends. Stay informed and make informed decisions with "GTA Real Estate Breakdown: Daily Hot News" as your trusted resource in navigating the dynamic GTA real estate landscape. First-time homebuyers in Toronto, like anywhere else, should be aware of potential hidden or unexpected costs that can arise during the homebuying process. While some of these costs may not be entirely hidden, they are sometimes overlooked or underestimated. Here are some common ones to be mindful of: Closing Costs: While not exactly hidden, closing costs can be substantial and are often underestimated by first-time buyers. These costs include land transfer taxes, legal fees, title insurance, and other fees associated with finalizing the purchase. The total amount can vary based on the property's purchase price and location. Home Inspection and Appraisal Fees: It's advisable to have a home inspection and, in some cases, an appraisal conducted before buying a home. These services come with fees that you need to budget for. Property Insurance: You'll need to secure homeowner's insurance, which can vary depending on factors like the property's location and type. Property Taxes: Property tax amounts can change, so it's essential to find out the current tax rate and expected annual tax amount for the property you're considering. Utility Hook-Up Fees: When you move into a new property, there may be fees associated with setting up utility services like water, gas, electricity, cable, and internet. Home Maintenance and Repairs: Even with a new or well-maintained property, there will be ongoing maintenance and repair costs. Budget for these expenses to keep your home in good condition. Condo Fees (If Applicable): If you're purchasing a condo, there will be monthly condo fees to cover common area maintenance and amenities. Property Renovations and Upgrades: Depending on your preferences and the condition of the property, you may need to budget for renovations or upgrades to make the home suitable for your needs. Moving Costs: Whether you hire professional movers or do it yourself, moving can be expensive when you factor in packing materials, transportation, and potential storage fees. Landscaping and Outdoor Maintenance: If the property has a yard or outdoor space, consider the costs associated with landscaping, lawn care, and maintenance. Furniture and Appliances: If your new home doesn't come furnished or with appliances, you'll need to budget for these items. HST on New Builds: For newly constructed homes, Harmonized Sales Tax (HST) may apply to the purchase price. However, there are rebates available for primary residences. Interest Rate Fluctuations: While not a direct cost, interest rates on your mortgage can fluctuate over time. Be prepared for potential increases in your monthly mortgage payments if rates rise. Home Warranty: Consider purchasing a home warranty to protect against unexpected repairs or replacements of major systems and appliances.
To avoid surprises, it's crucial to work with a qualified real estate agent and consult with a financial advisor or mortgage specialist. They can help you budget for these costs and ensure that you're financially prepared for homeownership in Toronto. A thorough understanding of these potential expenses will help you make informed decisions throughout the homebuying process.
|
|
|
|
'The only thing that matters right now are interest rates'
|
|
|
|
If you really cut back and make automatic investments, you can certainly create enough cash to have a down payment in five years! The post How to Save for a Downpayment in Just 5 Years appeared first on The Motley Fool Canada.
|
|
|
|
Discover how the '90s may hold the key to Canada's real estate market - but you won't believe what we found.
|
|
|
|
If nothing short of an entire housing market crash will make houses affordable again, get used to seeing homes like 71 Lesmount Ave. more and more ...
|
|
|
|
It is important to compare average rent prices with the cost-of-living in each city
|
|
|
|
Realtors John Pasalis and Steve Saretsky discuss how lower interest rates can revive Canada's housing market. Watch here.
|
|
|
|
A downtown Toronto property is being listed for $1 despite home prices increasing by three per cent month over month in September, according to the Toronto Regional Real Estate Board . The run-down 14-bedroom house located in Cabbagetown is a “diamond in the rough,” the listing states . It even comes with a warning: “Please do not attempt to go inside the interior of the property. It is unsafe to tour the interior due to some of the missing...
|
|
|
|
September was not a good month in Toronto real estate, no matter the spin you might be privy to on social media. In fact, with home sales hitting their lowest volume for a month of September since 1996, the Toronto Regional Real Estate Board’s Market Watch, released last week, reported just 4,642 sales for the month, a full 7% year-over-year decline, and a significant fall from the 5,294 reported last month encompassing a 12% drop. Wait, wait,...
|
|
|
|
The housing market remains a turbulent place, which is why this REIT could be a better investment.
|
|
|
|
The tenants would be the first to live in the two-bedroom, two-bathroom unit.
|
|
|
|
Sales were down 13.7 per cent and active listings were up 42.1 per cent compared to a year ago
|
|
|
|
All-stone construction, plus interior design, adds up to French-style country living in Whitchurch-Stouffville.
|
|
|
|
While Toronto's vacant home tax has been amassing millions for the city, other levies have been far less successful thanks to our tanking real esta...
|
|
|
|
Canadian mortgage rates are climbing and may be creating a little more stress for borrowers. Equifax data reveals mortgage delinquencies have climbed from record lows in Q2 2023. That may present some concerns, until some context is provided. Yes, the delinquency rate is climbing from lows, but the rates remain much lower than they were […]
|
|
|
|
Canadian real estate markets are preparing for another raid, said one of the country’s largest banks. BMO warns the early data for September markets generally shows loosening conditions. Markets like Toronto, which usually have scarce supply, are now flush with the most inventory since 2010. Markets are only expected to get more loose in the […]
|
|
|
|
As interest rates stay high, less housing is being built now than at the height of pandemic lockdowns, according to a new report. Experts say it's hard to see when the gap between housing demand and supply will close, and that could keep housing unaffordable for a long time.
|
|
|
|
CBC's Marketplace rounds up the consumer and health news you need from the week.
|
|
|
|
A Canadian Airbnb watchdog has sounded alarm bells over the number of condo buildings in Toronto acting as “ghost hotels.”
|
|
|
|
Dozens of people lined up on Saturday outside a Minto sales office, hoping to get onto the property ladder with a new development in Barrhaven.
|
|
|
|
This place: This immaculate two-storey detached home is nestled on a quiet court in a sought-after spot in the East Credit area of Mississauga and backs onto the Credit River Price: $2,179,000 Address: 1067 Haydonbridge Crt. Neighbourhood: East Credit (Mavis Road/Highway 401) Big selling point: This home offers a great deal of privacy on a premium […]
|
|
|
|
Canadian Real Estate Facing Challenges as Job Market Strength Questioned - Off Plan Property Exchange
|
|
|
|
While Toronto's vacant home tax has been amassing millions for the city, other levies have been far less successful thanks to our tanking real esta...
|
|
|
|
Following four consecutive months of sales surpassing 2022 levels, renewed concerns over higher interest rates are likely to slow the homebuying ac...
|
|
|
|
The new FHSA can help you save for a down payment in Canada. Here’s how it fits with other government programs, like the Home Buyers’ Plan.
|
|
|
|
|
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 © Copyright 2023 ManojAtri.com All rights reserved.
If you no longer wish to receive these Emails, please Unsubscribe Here
|
|
|
|
No comments:
Post a Comment