💼 21st Feb 2024 - Work-From-Home Tax Credit: What Canadians Can Claim For 2023!

💥 Wednesday 21st January 2024 💥 FREE Home Evaluation Toronto GTA Daily Ignition: Toronto Real Estate Sparks! "Expert Reports for Smart Choices: Showcasing Prime Listings!" "Daily Ignition: Toronto Real Estate Sparks" is your daily spark into the latest happenings in the Toronto real estate market. Every day, we ignite your knowledge with curated insights, trends, and key updates delivered directly to your inbox. Whether you're a prospective buyer, seller, investor, or enthusiast, our daily sparks cover a wide array of topics, from market trends and property listings to investment opportunities and expert analysis. Stay informed and let us ignite your journey in the Toronto real estate market with "Daily Ignition: Toronto Real Estate Sparks" as your trusted source of daily updates and insights. What are the key differences between a free market evaluation and a formal property appraisal, and how can sellers leverage both for maximum benefit? The key differences between a free market evaluation and a formal property appraisal lie in their methods, purposes, and level of detail: Methodology: Free Market Evaluation: A free market evaluation is typically conducted by a real estate agent or broker. It involves analyzing recent sales data, current market trends, and the condition of the property to provide an estimate of its market value. The evaluation may be based on comparable sales (comps) in the area and the agent's knowledge of local market conditions. Formal Property Appraisal: A formal property appraisal is conducted by a licensed appraiser who follows standardized methods and guidelines. The appraiser conducts a thorough inspection of the property, considers various factors such as location, size, condition, and amenities, and compares it to recent comparable sales. The final appraisal report includes a detailed analysis and justification of the property's value. Purpose: Free Market Evaluation: The primary purpose of a free market evaluation is to assist sellers in determining a competitive listing price for their property. It helps sellers understand the current market value of their home and make informed decisions about pricing strategy and marketing. Formal Property Appraisal: A formal property appraisal is often required for mortgage financing, refinancing, legal purposes, or estate planning. Lenders rely on appraisals to assess the property's value and ensure that it serves as adequate collateral for the loan. Level of Detail: Free Market Evaluation: While a free market evaluation provides sellers with a general estimate of their property's value, it may lack the detailed analysis and documentation found in a formal appraisal report. Formal Property Appraisal: A formal property appraisal includes a comprehensive report that outlines the appraiser's findings, methodology, and valuation conclusions. The report is prepared according to industry standards and may be used as supporting documentation in real estate transactions and legal proceedings. Sellers can leverage both a free market evaluation and a formal property appraisal for maximum benefit by: Gaining Insights: A free market evaluation can provide sellers with valuable insights into the local real estate market and help them understand how their property compares to similar homes in the area. Setting an Accurate Listing Price: Sellers can use the information from a free market evaluation to set an initial listing price that reflects current market conditions and maximizes their property's appeal to potential buyers. Supporting Negotiations: A formal property appraisal can serve as objective third-party validation of the property's value during negotiations with buyers. Sellers can use the appraisal report to justify their asking price and address any discrepancies or objections raised by buyers. Facilitating Financing: If a buyer requires mortgage financing, a formal property appraisal may be necessary to satisfy the lender's requirements. Sellers can provide the buyer's lender with a copy of the appraisal report to streamline the financing process and ensure a smooth transaction. By leveraging both a free market evaluation and a formal property appraisal, sellers can gain a comprehensive understanding of their property's value and position it effectively in the market to achieve the best possible outcome. Work-from-home tax credit: What Canadians can claim for 2023 - MoneySense The flat-rate home-office expense deduction is no longer available for 2023. But eligible employees who work from home can still claim a deduction. moneysense.ca READ MORE ... Average Rent In Canada Reaches A Record High In 2024 According to a recent Rentals.ca report published on February 14, the average asking rent in Canada hit a record high of $2,196 in January 2024, an increase immigrationnewscanada.ca READ MORE ... House of the Week: $4 million for a Yorkville Victorian with a three-storey skylight tower The 3,500-square-foot property comes with a canal full of glowing orbs, a basement that could be its own suite and a backyard fit for a restaurant club torontolife.com READ MORE ... Persistent challenges in Canada’s rental market: What can be done? - REM As demand continues to outstrip supply, driving up rental rates, there are things stakeholders can do to tackle affordability challenges and effect change realestatemagazine.ca READ MORE ... Spotlight: Historic Sudbury home features many charming vintage details Spacious and elegant home “fit for a star” has an interesting history sudbury.com READ MORE ... Renting? You probably report lower quality of life than homeowners | CBC News Statistics Canada says survey results over the last few years show renters are more prone to reporting a lower quality of life than homeowners, especially in Vancouver and Toronto. cbc.ca READ MORE ... Here's how much it costs to rent an apartment in Ottawa The average cost to rent an apartment dropped slightly in Ottawa in January, but renters are still paying more than $2,000 a month for a one-bedroom and two-bedroom apartment. ottawa.ctvnews.ca READ MORE ... Rising backlog of landlord-tenant disputes causing tensions to boil over A dispute that resulted in charges being laid against a landlord in Barrie last week is serving as an anecdote for just how dire the situation regarding unresolved cases is in Ontario. barrie.ctvnews.ca READ MORE ... Renters to target MPP Michael Ford's office in push for stricter rent controls | CBC News Toronto tenants' advocates are gearing up for a rally Wednesday outside the constituency office of Michael Ford, Progressive Conservative MPP and Premier Doug Ford's nephew. It's one of eight demonstrations that ACORN has planned for Feb. 21 across the province. cbc.ca READ MORE ... New home sales up 140% in Ottawa in January, but market challenges remain: GOHBA New home sales in Ottawa more than doubled in January compared with a year earlier but were still well below the five-year average for the month, the Greater obj.ca READ MORE ... The most expensive cities in Ontario and Canada to buy a condo | insauga The landscape of home ownership in Canada has without a doubt seen some drastic shifts over the years, and Ontario is no exception. Interest rates, high borrowing fees and an overall cost of living crisis have sabotaged many people’s dreams and even more down payments. However, certain property authorities are taking it upon themselves to […] insauga.com READ MORE ... Here’s Where You Can Buy a Condo in Canada with a Single Income By Zoocasa Here’s Where You Can Buy a Condo in Canada with a Single Income ca.investing.com READ MORE ... Mississauga and Brampton real estate sales dismal in January, despite year-over-year gains Optimism following a modest bump in year-over-year real estate sales in Brampton and Mississauga last month may be premature. bramptonguardian.com READ MORE ... Why renters report a lower quality of life than homeowners, according to experts For people living in rental housing, it’s not a secret: it can be a stressful experience. A new study from Statistics Canada says renters report a lower quality of life compared to people who own their homes. Canadians who rent reported feeling financial strain, and advocates say that’s no surprise. ctvnews.ca READ MORE ... Vancouver and Toronto renters lament quality of life more than homeowners: StatCan VANCOUVER – Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don’t own their... winnipegfreepress.com READ MORE ... Ottawa Should Be a Balanced Market in 2024 The Ottawa housing industry is projected to remain in balanced territory while prices rise at a modest pace and sales activity slows. blog.remax.ca READ MORE ... Here's how long you have to save up for a condo in Toronto versus other Canadian cities Preparing to purchase a condo can be an incredibly stressful experience for any first-time buyer, given all the uncertainties that come with Toront... blogto.com READ MORE ... Someone in Mississauga is renting out a bed in the middle of a kitchen With the average cost of a one-bedroom apartment in Toronto now surpassing $2,400 per month, it's no surprise that landlords in and around the GTA ... blogto.com READ MORE ... Photos: 5 homes that sold for under $600K in Mississauga | insauga Here are five of the least expensive homes sold in Mississauga last month. insauga.com READ MORE ... Housing still ‘thorn’ in Bank of Canada’s side: economists As high borrowing costs cause consumers to pull back on spending, inflation is expected to inch closer to two per cent vernonmorningstar.com READ MORE ... Canadian Inflation Slows, At Target When Mortgage Interest Is Excluded - Better Dwelling Canadian inflation data shows growth is slowing much faster than anticipated. Statistics Canada (Stat Can) released the Consumer Price Index (CPI) for January, showing annual growth slowed significantly more than the consensus forecast. Most of the remaining pressure driving inflation is being driven by mortgage interest costs. If excluded, like in many advanced economies, CPI […] betterdwelling.com READ MORE ... Posthaste: Canada's housing correction has likely run its course, say economists Latest news coverage, email, free stock quotes, live scores and video are just the beginning. Discover more every day at Yahoo! ca.yahoo.com READ MORE ... Most Affordable Cities for Single-Income Condo Buyers in Canada | To Do Canada The dream of homeownership remains within reach for single-income buyers in Canada despite the challenges posed by high borrowing costs, a limited housing inventory, and an escalating... Read more » todocanada.ca READ MORE ... Here's how long it takes to save up for a down payment in Ottawa if you're single It would take five months for a single person earning the average income and living in Ottawa to save the down payment to buy a condominium in the capital, according to a report by ZOOCASA. ottawa.ctvnews.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 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... 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