💵 30th Apr 2024 - Why The Smart Money Is Buying Single-Family Homes!

💥 Tuesday 30th April 2024 💥 Extra Home Buying Costs - FREE Report! GTA Real Estate Ignition: Daily Hot Market Buzz! "Empower Your Home Journey: Expert Reports & Fresh Listings Await!" "GTA Real Estate Ignition: Daily Hot Market Buzz" is your essential source for firing up your knowledge of the Greater Toronto Area's real estate market each day. We deliver the most vibrant and crucial updates, sparking your interest with the latest trends, market movements, and investment opportunities. Whether you're a seasoned investor, potential homebuyer, or a real estate enthusiast, our newsletter keeps you in the loop with insightful analyses and the buzz around hot listings, emerging neighborhoods, and market forecasts. Ignite your real estate ambitions with "GTA Real Estate Ignition: Daily Hot Market Buzz" and stay connected to the pulse of Toronto's dynamic property landscape. What Unique Extra Costs Might Arise When Purchasing a Home in a Historic District or Preservation Area? Purchasing a home in a historic district or preservation area often comes with unique benefits and charm, but it can also entail additional costs that buyers may not encounter in other areas. Here are some of the unique extra costs that might arise when buying a home in such locales: Higher Renovation and Maintenance Costs: Strict Guidelines: Historic districts often have strict guidelines about the types of materials and architectural styles that must be used in renovations to preserve the historical integrity of the area. These materials can be more expensive and harder to source than contemporary alternatives. Specialized Labor: Work on historic homes often requires craftsmen skilled in traditional construction techniques, which can be more costly than standard labor. Increased Insurance Premiums: Historic Structure Insurance: Insurance for historic homes can be higher than for newer homes due to the potential for more expensive repairs and the higher cost of authentic restoration materials and specialized labor. Natural Disaster Insurance: In some historic districts, especially those in areas prone to natural disasters like floods or earthquakes, additional insurance may be required to cover these risks. Property Tax Implications: Potential for Higher Taxes: In some regions, historic homes may carry higher property tax liabilities due to their increased market value or because of local tax structures designed to fund district preservation efforts. Tax Relief Programs: Conversely, some local governments offer tax incentives or relief programs to owners of historic properties who preserve and maintain their homes according to local standards. These can mitigate some costs but often require adherence to specific maintenance and restoration practices. Compliance and Approval Processes: Permit Costs and Delays: Obtaining permits for work on historic homes can involve more complex and lengthy processes than for other homes. This can lead to increased costs and delays. Compliance with regulations can require detailed architectural plans and historical impact assessments. Consultation Fees: You may need to hire consultants specializing in historic preservation to navigate regulatory requirements or to develop appropriate renovation plans. Utility and Energy Efficiency Updates: Upgrading Systems: Historic homes often need significant updates to electrical, plumbing, and HVAC systems to meet modern standards and efficiencies. Such upgrades can be costly, especially when done in a way that preserves the home's historical character. Insulation and Windows: Improving energy efficiency in historic homes can be challenging, as changes like replacing windows or adding insulation need to be made without altering the home’s appearance. Specialized, more expensive solutions may be required. How to Navigate These Costs: Thorough Inspections: Before purchasing, conduct thorough inspections to understand the condition of the home and anticipate potential renovations. Research Local Regulations: Understand the local regulations and guidelines governing renovations in historic districts. Budget Accordingly: Prepare a detailed budget that includes potential extra costs. Consider setting aside a contingency fund for unexpected expenses. Seek Expert Advice: Consult with architects, contractors, and other professionals experienced in working with historic homes. By being prepared and informed about these potential extra costs, buyers can better navigate the complexities of purchasing and owning a home in a historic district or preservation area, ensuring they can enjoy the unique character of their home while managing financial implications effectively. Why the smart money is buying single-family homes Robert McLister: Shortage of houses and surging population is setting up a big opportunity, for those with the financial means communitypress.ca READ MORE ... Sask. broker says halal mortgages are not a new concept in Canada A Saskatoon mortgage broker says the federal government’s move to help Muslim Canadians get into the housing market by promoting halal mortgages is not such a radical idea — it’s helping families buy their first home without breaking their faith. saskatoon.ctvnews.ca READ MORE ... Landlord lists 4 beds in one room for $600 each in Mississauga | insauga A rental posting for a bedroom shared with four people in a Mississauga home sparked anger in a Canadian online housing forum. insauga.com READ MORE ... Canadians react to Justin Trudeau’s video explaining new measures to help renters Canadian Prime Minister Justin Trudeau has people talking after he recently posted a video discussing changes the federal government... nowtoronto.com READ MORE ... Preparing for the next wave of renewals: Manulife's unique solutions - Mortgage Rates & Mortgage Broker News in Canada The mortgage industry is in the midst of a transition in Canada, and Manulife is ready to evolve with it. canadianmortgagetrends.com READ MORE ... Edmonton condo at risk of collapse to be sold as corporate law clouds hope for court fight | CBC News The corporations behind the construction of Castledowns Pointe no longer exist, which poses a legal hurdle for owners who were forced out seven months ago. cbc.ca READ MORE ... I’m a Real Estate Agent: 5 Places I’d Relocate To With a Budget of $250,000 The average home value in the U.S. is now over $350,000, but there are still desirable places where you can find homes for less. GOBankingRates spoke with Colten Claus, an associate broker with 8z... ca.finance.yahoo.com READ MORE ... Do realtors hold a key to reshaping Canada’s housing sector? There are innovative solutions to explore - REM Forward-thinking realtors are in a position to be true innovators in Canada’s housing market, with their strong networks, industry expertise and deep relationships realestatemagazine.ca READ MORE ... Ontario, BC, and Nova Scotia Real Estate Prices Have Corrected The Most - Better Dwelling Most Canadian real estate markets have seen prices decline, but they aren’t nearly as large as many may assume. Canadian Real Estate Association (CREA) data shows the composite benchmark (typical) home price declined significantly at the national level. However, breaking those numbers down shows most of that decline was concentrated in provinces like Ontario, BC, […] betterdwelling.com READ MORE ... That offer to buy your time-share could be from a Mexican drug cartel cbc.ca READ MORE ... Hamilton officials aim to avert Toronto’s vacant unit tax ‘chaos’ After initial rejection, council backs initiative meant to fill empty homes thespec.com READ MORE ... Average price of detached home in Newmarket dips in March The average price of a detached home in Newmarket dropped to $1.173 million last month, a decrease of $61,759 from February, Toronto Real Estate Board says newmarkettoday.ca READ MORE ... This is how much Toronto's home prices have changed over the last 5 years: report The cost of living in Toronto went up nearly 20 per cent between 2017 and 2022 – but that’s less than half the increase seen in the city’s housing prices over the last five years, according to a new report. toronto.ctvnews.ca READ MORE ... Toronto resident lost more than $200,000 in alleged investment scam; 1 suspect charged A 24-year-old man has been arrested after a Toronto resident lost over $200,000 in an alleged investment scam that impersonated a global investment company. cp24.com READ MORE ... Canada recognizes housing as a human right. Few provinces have followed suit As more Canadians find themselves struggling to afford or find housing, the country's smallest province is the only one that can point to legislation recognizing housing as a human right. ctvnews.ca READ MORE ... Canadian Real Estate Prices Climbed Faster Than Mortgage Payments - Better Dwelling Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the […] betterdwelling.com READ MORE ... Yet another Ontario shopping centre will be torn down and replaced with 14 towers Another Greater Toronto Area shopping centre is on the chopping block, one that could completely transform the skyline of Pickering with a staggeri... blogto.com READ MORE ... Mortgage stress tests blocking paths to homeownership, says economist Housing analyst suggests current policies may do more harm than good mpamag.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 | SearchHousesForSale.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

🚀 29th Apr 2024 - Do You Need To Own A Home To Be Wealthy In Canada? How Renters Can Get Ahead!

💥 Monday 29th April 2024 💥 11 Home Inspection Pitfalls - FREE Report! Toronto's Real Estate Thrive: Daily Hot Market Insights! "Unlock Your Dream Home: Free Reports & Hot New Listings Inside!" "Toronto's Real Estate Thrive: Daily Hot Market Insights" is your go-to daily newsletter for the latest and most impactful insights into Toronto's dynamic real estate scene. From emerging trends to key market shifts, we provide a comprehensive and in-depth look at what's driving the thriving Toronto real estate market. Get daily updates on hot properties, investment opportunities, and expert analyses to guide your real estate journey. Whether you're buying, selling, or investing, our newsletter equips you with the information you need to make informed decisions in this competitive market. Stay ahead of the curve with "Toronto's Real Estate Thrive: Daily Hot Market Insights." Are There Lesser-Known Pitfalls That Home Inspectors Often Overlook? While home inspectors play a crucial role in identifying potential issues in a property, there are certain areas that might be overlooked or not thoroughly examined, leading to unexpected problems for the homeowner later on. Here are some lesser-known pitfalls that home inspectors might sometimes overlook: 1. Roof and Attic Problems: Complex Roofs: Inspectors might not always climb onto complicated roofs, relying instead on ground observations or drone technology. This can lead to missed issues like hidden leaks, damaged shingles, or poor flashing. Inaccessible Attic Areas: If the attic entrance is obstructed or difficult to access, inspectors might not conduct a thorough check for insulation issues, mold, or roof leaks. 2. Plumbing and Sewer Systems: Hidden Pipe Leaks: Pipes within walls or under flooring can develop leaks that aren't easily detected during a typical inspection. Sewer Line Problems: Unless specifically requested, inspectors generally don't scope the main sewer line for clogs, tree root intrusion, or other issues. 3. Foundation and Structural Issues: Subtle Foundation Cracks: Minor cracks or shifting might not be immediately obvious, leading to more significant structural issues over time. Crawl Spaces: If the property has a crawl space that is difficult to access, it might not be inspected thoroughly for water damage, pests, or structural issues. 4. Electrical Systems: Knob-and-Tube Wiring: This outdated wiring method is still present in older homes and can be a fire hazard, but might not always be identified during a standard inspection. Hidden Electrical Problems: Issues like undersized wiring, overloaded circuits, or outdated breaker panels can sometimes go unnoticed. 5. Exterior and Landscaping Concerns: Drainage and Grading: Poorly graded landscaping or improper drainage can lead to water pooling around the foundation, causing potential damage. Fence and Outbuilding Conditions: Issues with fences, sheds, or other outbuildings might be overlooked if they aren't part of the main structure. 6. Environmental Hazards: Asbestos and Lead: Older homes might contain asbestos or lead-based paint, which requires specialized testing to identify. Radon Gas: Radon, a radioactive gas that can accumulate in homes, typically requires separate testing not included in a standard inspection. 7. HVAC Systems: Ductwork Problems: Leaks or blockages in ductwork might not be immediately apparent. Hidden HVAC Issues: Issues with furnaces, air conditioners, or heat pumps might not be identified if they require specialized knowledge or equipment to inspect. How to Mitigate Overlooked Pitfalls: Supplemental Inspections: Consider additional inspections for specific concerns, such as roof inspections, sewer line scopes, or environmental testing. Request Detailed Reports: Ask for detailed reports and follow-up questions to ensure all areas were thoroughly checked. Attend the Inspection: Be present during the inspection to ask questions and ensure all areas of concern are covered. Seek Second Opinions: If in doubt, consider a second opinion from another inspector or specialized professional. By being aware of these potential pitfalls, home buyers can take proactive steps to ensure their home is thoroughly inspected and reduce the risk of encountering unexpected issues after purchase. Do you need to own a home to be wealthy in Canada? How renters can get ahead - National | Globalnews.ca Some renters might be feeling less secure about their finances than if they owned a home, but experts say there's a path to build wealth outside the housing market in Canada. globalnews.ca Read Now ... A Toronto house less than 10 feet wide just hit the market for nearly $2M If you aren’t looking closely, you could miss 138 St Clarens Avenue – the home, newly listed at nearly $2 million, located in Toronto's Little Portugal is only eight feet wide. toronto.ctvnews.ca Read Now ... 7 Ways People Destroy the Value of Their Homes, According to a Real Estate Agent 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 Now ... 10 Surprising Features That Boost Your Home Value You can add value to your home without hiring a contractor to do expensive renovations. moneytalksnews.com Read Now ... ANALYSIS | Mind the generation gap in Calgary's debate over zoning and townhouses | CBC News The distinction between neighbourhood infill supporters and critics was so stark that one speaker wanted to "break the stereotype that every boomer is opposed to rezoning." cbc.ca Read Now ... The nine California towns where you can still snap up a home for $150K Amid California's housing affordability crisis, there are still nine towns where homes can be snatched up for just $150,000 - a fraction of the statewide average. msn.com Read Now ... Canada real estate: Average home price to stay flat through rest of 2023, says Re/Max “If the fall market is an early indicator for 2024 activity, we may see a very active first quarter as buyers and sellers take advantage of easing prices into the earlier part of next year." ca.movies.yahoo.com Read Now ... Rising costs have St. Albert renters pondering their next move Read the full story and comment on stalbertgazette.com stalbertgazette.com Read Now ... This Week's Top Stories: Canada Goes Into "Crisis" Mode With Mortgages, & Anti-Laundering Systems Down - Better Dwelling Canada is buying its own mortgage bonds and issuing the most bonds since 2021, but actions typically not seen outside of crisis. betterdwelling.com Read Now ... Thorncliffe Park tenants mark almost 1 year of rent strike: 'What we need is more affordable rent' | CBC News Tenants gathered in Thorncliffe Park on Sunday to mark almost one year of withholding rent from their landlords in a bid to convince them to drop their applications to raise rents above the provincial guideline. cbc.ca Read Now ... A 50-cent Canadian dollar, $3,000 gold and housing market fixes: FP top videos Will the Canadian dollar stay low and gold prices stay high? Watch FP top videos ca.finance.yahoo.com Read Now ... 3 big questions about how the capital gains tax increase affects you Ottawa says only a small percentage of taxpayers will be subject to the changes. In reality, a much wider spectrum of Canadians will be impacted ca.finance.yahoo.com Read Now ... Increase in capital gains tax rate could spawn cottage sales boom Realtors say now could be a good time to buy — or sell nationalpost.com Read Now ... Toronto is now less affordable than both Tokyo and Melbourne If you've ever dreamed of leaving Toronto and moving abroad, a new real estate report on housing affordability in North America and beyond may help... blogto.com Read Now ... Loan delinquencies stir concerns among Canadian lenders Unexpected job losses and increasing loan delinquencies signal potential troubles ahead mpamag.com Read Now ... This $5 million Toronto heritage home just had the makeover of a lifetime In 2021, 40 Bernard Ave. sold for below asking at $2,971,000 after almost two months on the Toronto market.   But since then, it has undergone one ... blogto.com Read Now ... Toronto's tiniest house is so small it's almost world famous Tucked away in St. Clair West Village is Toronto's tiniest house, affectionately known as The Little House. Originally, the small piece of land was... blogto.com Read Now ... This $10 million Toronto home is perched on a cliff There's something so romantic about a grand house on a cliff.  Probably because of all those Jane Austen-type movies where there's an English manor... blogto.com Read Now ... Toronto building to double in size as part of transformation to boutique hotel A small five-storey building near Toronto's Shuter and Jarvis intersection will be almost doubled in size as part of a transformation into a new bo... blogto.com Read Now ... Someone in Toronto is renting out a tent in their living room for $950 a month Trying to find a place to call home in Toronto's pricey rental market can be a daunting task for prospective tenants— especially if you're trying t... blogto.com Read Now ... 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