🤔 26th Apr 2024 - What Is Changing About Canada's Capital Gains Tax And How Does It Impact Me?

💥 Friday 26th April 2024 💥 FREE Report - Stop Paying Your Landlord's Mortgage! Daily Dive: GTA Real Estate Hot Market Trends! "Unlock Your Real Estate Potential: Expert Reports & Fresh Listings!" "Daily Dive: GTA Real Estate Hot Market Trends" is your daily source for the most exciting and significant developments in the Greater Toronto Area's real estate landscape. Our newsletter dives deep into the latest trends, providing you with a comprehensive overview of what's hot in the GTA market. From soaring property values to emerging neighborhoods and new developments, we offer insightful analysis and expert opinions to keep you informed. Whether you're a homeowner, investor, or simply curious about the local market, this daily dive will keep you up-to-date and ahead of the game. Join us for a deep dive into the hottest trends and stay in the loop with "Daily Dive: GTA Real Estate Hot Market Trends." Can individuals with unconventional employment or financial situations still pursue homeownership as part of the "Stop Renting Start Owning" movement, and what resources are available to assist them? Yes, individuals with unconventional employment or financial situations can still pursue homeownership as part of the "Stop Renting Start Owning" movement. Although traditional lending institutions often have strict criteria for mortgage approval, there are resources and strategies that can assist people with less conventional employment or financial circumstances in becoming homeowners. Resources and Strategies for Pursuing Homeownership with Unconventional Employment or Financial Situations: 1. Alternative Lending Options: Private Lenders: Private or non-traditional lenders often have more flexibility and are willing to work with individuals who may not fit the standard financial profile required by banks. Credit Unions: Credit unions might be more flexible in considering the totality of your financial situation, such as freelance work, contract jobs, or income from various sources. 2. Government-Backed Programs: Canada Mortgage and Housing Corporation (CMHC): Offers mortgage insurance programs for buyers with low or variable incomes. CMHC provides resources and support to help more Canadians achieve homeownership. First-Time Home Buyer Incentive: This federal program offers a shared equity mortgage with the Government of Canada to reduce the initial down payment or monthly mortgage payments for first-time buyers. 3. Rent-to-Own Programs: Flexible Approach: Rent-to-own programs allow individuals to rent with the option to purchase the property later. This can be beneficial for those who need time to establish steady income, improve credit scores, or build a down payment. Reduced Upfront Costs: Typically require a smaller option fee instead of a large down payment, allowing more flexibility for individuals with unconventional financial situations. 4. Creative Financing: Co-Signers: If your income is inconsistent, having a co-signer with a stable financial profile can help you qualify for a mortgage. Seller Financing: Some sellers may be willing to provide financing directly, allowing for more flexible terms and an opportunity to establish creditworthiness. 5. Professional Assistance and Advice: Mortgage Brokers: Work with mortgage brokers experienced in non-traditional lending. They have access to a wider range of lenders and can help find solutions that suit your situation. Real Estate Agents: An agent familiar with alternative financing and non-traditional employment can guide you toward programs or properties that align with your unique financial profile. Financial Advisors: Seeking financial advice can help you manage your finances, set realistic goals, and explore alternative pathways to homeownership. Tips for Success: Document Your Income: Keep thorough records of all income sources, even if they are non-traditional or inconsistent. This helps demonstrate your financial stability to lenders. Build a Solid Credit History: A strong credit score is critical for obtaining favorable mortgage terms. Focus on paying bills on time and reducing debt. Save for a Down Payment: While many programs assist with low or zero down payments, having a savings cushion can boost your credibility with lenders. By exploring these resources and working with experienced professionals, individuals with unconventional employment or financial situations can find a path toward homeownership and successfully stop renting to start owning. What is changing about Canada's capital gains tax and how does it impact me? The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move. ctvnews.ca READ MORE ... New condo sales in the Toronto area hit low not seen since financial crisis New condo sales in the Toronto region dropped to the lowest quarterly total since the financial crisis in 2009 amid high interest rates and affordability issues, a new report has found. toronto.ctvnews.ca READ MORE ... This Toronto home is a '90s decor trip but a steal at only $600K If you're a millennial and grew up in the '90s, you'll probably remember a fair amount of '90s home decor trends that might still haunt you to this... blogto.com READ MORE ... Dozens of GTA condos put on hold amid tanking market A substantial number of condo complexes that were supposed to open their doors to residents in and around Toronto recently have now been halted ind... blogto.com READ MORE ... Renting in Toronto? Be prepared to pay extra: realtor Renting a home in the Greater Toronto Area is now as competitive as owning and those looking to rent need to be prepared to offer more than what is being asked, according to one Toronto real estate agent. toronto.ctvnews.ca READ MORE ... Canadians open to alternative methods of home ownership Homebuyers are increasingly searching for properties with secondary suites It’s often been said that ‘necessity is the mother of invention’ and a new report suggests that’s true in today’s real estate market thanks to economic factors like the high cost of living, high interest rates and housing prices. A new Re/Max report entitled Alternative Home Ownership Models: Trends in the Canadian Housing Market found 13 per cent of current homeowners in... msn.com READ MORE ... Lawsuit alleges $1.3M Kamloops smart home is not smart at all - Kamloops News According to the claim, the Bouchers listed their Visao Terrace home last summer and it caught the attention of the Murrays — in part because of its apparent high-tech smart-home system. castanet.net READ MORE ... New first-time home buyer rules may not help in larger markets The recent announcements in the federal budget this month to make homes more affordable for first-time buyers are unlikely to make much of a dent in the housing affordability crisis, mortgage experts contend. RatesDotCA’s Victor Tran, a mortgage broker in Ontario, stated in a recent press release that the feds’ move to extend insured mortgage amortizations to 30 years for some first-time buyers purchasing new homes — effective Aug. 1 — is... msn.com READ MORE ... Strategies for qualifying for a bad credit mortgage in Ontario There are a few different strategies that can help you to build an application that will be accepted. mississauga.com READ MORE ... Rental Relief in Toronto as Rates Decline for Third Consecutive Month Toronto renters are finally catching a break as rental prices in the city have decreased for the third straight month, thedeepdive.ca READ MORE ... The prospect of halal mortgages in Canada: What you need to know - Mortgage Rates & Mortgage Broker News in Canada Since Ali Najaf moved from Pakistan to Vancouver as a student in 2012, he has earned a degree, landed a job in human resources, and gotten married. Now the 30-year-old says he’s ready to purchase his first property in his adoptive homeland, but there’s a problem; as a practicing Muslim, Najaf cannot collect or pay interest, barring him from traditional mortgage products. canadianmortgagetrends.com READ MORE ... Complaints about mortgage investment fraud lead to Vaughan man's arrest North Bay OPP received complaints about a $6-million syndicated mortgage investment into BioNorth Tech Group in 2018, police say newmarkettoday.ca READ MORE ... Homebuyers 'can't catch a break' in this market: Redfin CEO Despite the prevailing high interest rate environment, US pending home sales data released on Thursday revealed a surprising 3.4% climb in March. To shed light on the dynamics shaping the housing market, Redfin (RDFN) CEO Glenn Kelman joins Wealth! Kelman acknowledges that while mortgage rates have deterred some homebuyers, those who remain in the market are "more serious." He anticipates housing market slowdowns may not be as severe as last year, as those who need to buy have been postponing their purchases but can no longer afford to do so, despite it being "a really hard time to buy a house." With mortgage rates soaring and housing prices increasing, he notes that "buyers just can't catch a break," emphasized by inventory levels that have yet to normalize. This challenging environment has left the housing market in dire need of a Federal Reserve rate cut, according to Kelman. Additionally, Kelman offers valuable tips for navigating this environment and securing a home. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith ca.finance.yahoo.com READ MORE ... Why Canadian mortgage rates may be stealthily heading higher As I jot this note, Canada’s five-year government bond yield is hitting its peak for the year. There’s a growing risk we may even make new cycle highs if the next month of economic data doesn’t cool. But if you’re a low-rate lover, don’t despair just yet. Despite this latest hiccup in bond yields and irresponsibly large government stimulus, the highly leveraged Canadian economy isn’t immune to multi-decade highs in policy rates. That’s why... msn.com READ MORE ... Canadians turn to friends and siblings for home buying Over 60% of Canadians consider shared mortgages with friends or siblings to tackle high house prices wealthprofessional.ca READ MORE ... BC Renter Evicted After Asking Landlord to Turn Music Down | Exclaim! "Cooper himself says that Mr. Wiley was turning up the bass very loud, which he says affected his quiet enjoyment of the rented room" exclaim.ca READ MORE ... Doctors say capital gains tax changes will jeopardize their retirement. Is that true? The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are. cp24.com READ MORE ... Renovating on a budget: How to plan for a major house project despite rising costs After the death of their father in 2019, Amy Mushinski and her sister Dawn wanted to honour his wish that they keep the Scarborough, Ont., home they inherited rather than selling it to a new owner. lakelandtoday.ca READ MORE ... Toronto Mortgage Delinquency Rate Surges 71% Higher - Better Dwelling The real estate slowdown in Canada’s largest city is starting to show increasing signs it’s not just a blip. Greater Toronto saw a sharp climb to its mortgage delinquency rate in Q4 2023, according to Equifax data. The share of delinquent mortgages has nearly doubled in just over a year, leading to the highest rate […] betterdwelling.com READ MORE ... This $5 million magazine-featured Toronto home has the weirdest roof After looking at homes your entire life, you think you know what a roof should look like.  You've got gable roofs, flat roofs, gambrel roofs, and e... blogto.com 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 GTA 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 SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • Blog • Pinterest • Tumblr 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

🚆 25th Apr 2024 - Cheapest Places To Buy A Home Along The GO Train Line In Southern Ontario!

💥 Thursday 25th April 2024 💥 Rent-To-Own Homes Toronto GTA Real Estate Heatwave: Daily Hot Market Watch! "Ignite Your Home Journey: Expert Reports & Premier Listings Inside!" "GTA Real Estate Heatwave: Daily Hot Market Watch" is your daily guide to the latest and most impactful trends in the Greater Toronto Area's real estate market. Our newsletter delivers a fiery mix of breaking news, expert analysis, and emerging market movements that are sure to catch your attention. Whether you're interested in rising property values, new construction, or emerging investment hotspots, this is the go-to resource for staying informed. From condos to single-family homes, we cover the entire GTA, highlighting the hottest opportunities and developments. With "GTA Real Estate Heatwave," you'll stay ahead of the curve and always be in the know. Subscribe now and feel the heat! Can tenants negotiate the terms and conditions of a rent-to-own agreement, such as the purchase price or timeline, and what factors should they consider when doing so? Yes, tenants can negotiate the terms and conditions of a rent-to-own agreement, including aspects like the purchase price, timeline, rent credits, and maintenance responsibilities. When entering into these negotiations, tenants should consider several factors to ensure a fair and beneficial agreement. Key Negotiable Terms in Rent-to-Own Agreements: Purchase Price: Tenants can negotiate the future purchase price at the start of the rent-to-own agreement. It's crucial to ensure the agreed price is realistic and reflects expected market conditions when the option to purchase is exercised. Option Fee/Deposit: This is the upfront payment made to secure the option to purchase the property. Tenants should aim to negotiate a reasonable fee and ensure that it is credited towards the purchase price if they choose to buy. Rent Credit: Some rent-to-own agreements include a portion of the monthly rent being credited towards the purchase price. Tenants can negotiate for higher rent credits to reduce the ultimate purchase price. Duration of Agreement: Tenants should consider how long they need to build credit, save for a down payment, or qualify for a mortgage, and negotiate the length of the agreement accordingly. Maintenance and Repairs: Clarify who is responsible for maintenance and repairs during the rental period. It's beneficial to negotiate a fair division of responsibilities, with the major structural repairs ideally remaining the owner's responsibility. Conditions for Purchase: Consider negotiating flexibility regarding the conditions required to exercise the purchase option, such as financing approval or inspection contingencies. Factors to Consider in Negotiations: Market Research: Understand current and expected future market trends in your area to ensure the purchase price is fair. Legal Review: Always have a real estate lawyer review the agreement to ensure it protects your rights and interests. Creditworthiness: Consider your ability to improve your credit score and qualify for a mortgage within the agreement timeline. Flexibility: Ensure the agreement provides some flexibility in case personal circumstances change or if you decide not to purchase the property. Exit Strategy: Understand the consequences if you choose not to buy the property at the end of the agreement. This may include losing the option fee or rent credits. Tips for Successful Negotiations: Start with a Clear Goal: Know what you aim to achieve from the agreement and prioritize key terms. Be Informed: Gather as much information as possible about the property, market conditions, and your own financial situation. Be Willing to Walk Away: If the terms are unfavorable, consider other rent-to-own or traditional rental options. Seek Professional Guidance: Work with a real estate agent or lawyer who has experience with rent-to-own agreements to ensure the best outcome. By understanding these factors and negotiating carefully, tenants can create a rent-to-own agreement that aligns with their financial goals and leads to a successful path to homeownership. Cheapest places to buy a home along the GO train line in southern Ontario | insauga Here are some of the cheapest places to buy a home near a GO Train station insauga.com READ MORE ... “Poised For An Upswing”: GTA New Home Market Picks Up Almost 40% in March A new report from Building Industry and Land Development Association shows that new home segment rallied in March, with 1,277 sales recorded. storeys.com READ MORE ... Landlord slammed for trying to rent out half of their own bed | Urbanized There is a landlord renting up half of their own personal bed in Toronto's Rexdale neighbourhood for an undisclosed rent price. dailyhive.com READ MORE ... House of the Week: $2.2 million for a Victorian in the Annex with a basement sauna The 2,500-square-foot property also comes with 10-foot ceilings, a rooftop deck, a parking spot out back and a stunning garden torontolife.com READ MORE ... Canada's Variable Rate Mortgage Binge Is Over - Better Dwelling Canadian real estate owners are seeking the security (& discount) of fixed rate mortgages. Bank of Canada (BoC) data shows the share of new mortgage loans with variable interest continued to shrink in February. Just one year ago, the majority of new loans were attached to variable rate mortgages. Now the share is back to […] betterdwelling.com READ MORE ... Impact of Rising Interest Rates Is Felt in Quebec, But Prices Remain Relatively Unaffected Highlights: 2023 began as 2022 ended: with the lowest level of sales recorded in the last 10 years. The inability of many first-time homebuyers to qualify for a loan does not explain everything: the wait-and-see attitude of experienced buyers and sellers also played a major role in the weakening of transaction levels and the rebound in selling times. The most affordable markets have shown resilience with a level of activity that contrasts particularly with the sharper decline in the Montreal region. Despite weak activity, market conditions continue to favour sellers resulting in relatively stable prices compared to last year. The building.ca READ MORE ... Rising home buying confidence in Canada amid challenges Despite inflation and affordability issues, Canadians feel increasingly confident wealthprofessional.ca READ MORE ... Three-quarters of recent Canadian homebuyers don’t regret their decision, despite affordability issues - REM "Some homeowners are undeniably facing challenges today … Owning a home is deeply ingrained, as Canada’s homeownership rate sits at 66.5 per cent” realestatemagazine.ca READ MORE ... Average rent in Canada rises back above $2,000, and over $3,000 in the GTA - Mortgage Rates & Mortgage Broker News in Canada After easing over the winter months, rent prices are back on the rise across Canada. canadianmortgagetrends.com READ MORE ... What is a halal mortgage? Experts explain and dispel myths Financial and real estate professionals are trying to clear the air on halal mortgages, which have been in the spotlight. ottawa.citynews.ca READ MORE ... Michael Taube: Why Canada’s banks should avoid halal mortgages at all costs Muslim Canadians should be insulted that the Liberals are trying to use them as political pawns nationalpost.com READ MORE ... Canada's average home price rises year over year, marking turning point in market The national average home price in Canada jumped to $729,000 in May, up 3.2 per cent from the same period last year in the first year-over-year gain after a challenging 12 months for the housing market . According to figures released on June 15 by the Canadian Real Estate Association (CREA ), strong sales in the Greater Toronto Area (GTA) and the B.C. Lower Mainland drove the price gains. Canadian home sales continued their upward trend in May,... msn.com READ MORE ... New building code coming, but changes unclear: Collingwood CBO Collingwood’s chief building official updates council on changes to building standards set to come into effect Jan. 1, 2025, however officials have not yet been given the changes and time is running short collingwoodtoday.ca READ MORE ... Latest in Mortgage News: Financial experts see less risk of an imminent recession - Mortgage Rates & Mortgage Broker News in Canada A recent survey of financial experts reveals a shift in recession expectations, showing a decrease in the likelihood of an imminent economic downturn. However, there is growing uncertainty regarding the timing and degree of anticipated Bank of Canada interest rate cuts. canadianmortgagetrends.com READ MORE ... Apartment rent growing faster than condo rent as new supply comes online: report The Canadian rental market is showing signs of divergence, with purpose-built rental apartment rents accelerating more quickly than those for condominium units . According to a report by Urbanation, which analyzes monthly listings from the website Rentals.ca, purpose-built units experienced a 12.7 per cent year-over-year price increase in March, averaging $2,117. In contrast, condominium rentals grew at a more modest rate of 3.9 per cent,... msn.com READ MORE ... New condo sales in the Toronto area hit low not seen since financial crisis New condo sales in the Toronto region dropped to the lowest quarterly total since the financial crisis in 2009 amid high interest rates and affordability issues, a new report has found. cp24.com READ MORE ... The Chase: This couple thought they'd be renters for life. Then the market shifted in their favour For six years, Dylan and Matt had been happily renting a two-bedroom apartment in Little Italy. They weren’t looking to buy, but when interest rate hikes put an end to bidding wars, they seized the opportunity torontolife.com READ MORE ... Property owners to be reimbursed $150K over Winnipeg firm's 'deceptive dealings' | CBC News Winnipeg property owners who worked with a now-dissolved property management company more than a decade ago are getting reimbursed nearly $150,000 after a provincial agency finds the company defrauded them by misappropriating their funds. cbc.ca READ MORE ... B.C. landlord says they couldn't rent unit due to damages, claims $2,445 The landlord even filed $50 for "missing and broken light bulbs." vancouverisawesome.com READ MORE ... This Toronto home is a '90s decor trip but a steal at only $600K If you're a millennial and grew up in the '90s, you'll probably remember a fair amount of '90s home decor trends that might still haunt you to this... blogto.com 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 GTA 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 SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • Blog • Pinterest • Tumblr 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