😰 13th May 2024 - Why Saving For A Downpayment Is Next To Impossible In Canada's Major Markets!

💥 Monday 13th May 2024 💥 Master The Art of For Sale By Owner! GTA Real Estate Ignition: Your Daily Hot Market Watch! "Where Wisdom Meets Opportunity: Expert Reports & Fresh Listings!" "GTA Real Estate Ignition: Your Daily Hot Market Watch" is your essential source for firing up your day with the latest trends and critical insights from the Greater Toronto Area's dynamic real estate market. Every morning, we deliver the most urgent updates, hot property listings, and expert market analysis directly to your inbox. Whether you're planning to buy, sell, or simply stay informed, our focused content ensures you're well-equipped to navigate the market effectively. Let "GTA Real Estate Ignition: Your Daily Hot Market Watch" be the spark that drives your real estate decisions, keeping you ahead of the curve in the fast-paced GTA property landscape. How Can Sellers Determine an Accurate Listing Price for Their Property Without Access to Industry Tools and Comparative Market Analysis (CMA)? Setting an accurate listing price for a property without access to industry-specific tools like a Comparative Market Analysis (CMA) can be challenging, but there are several strategies sellers can employ to approximate an appropriate value. Here’s how you can determine a realistic and competitive listing price: 1. Utilize Online Real Estate Platforms Action: Browse real estate listing websites that provide access to current and past listings. Platforms like Zillow, Realtor.com, or Redfin often feature detailed information on properties, including sale prices in specific areas. Purpose: These platforms can give you a sense of the going rates for homes in your area with similar features and conditions. 2. Attend Local Open Houses Action: Visit open houses in your neighborhood to gather information about similar properties on the market. Purpose: This firsthand look will provide insights into the features and conditions of comparable homes and how they are priced. 3. Consult Local Property Tax Records Action: Access public property tax records, which often include information on recent sale prices of homes in your area. Purpose: Although not as up-to-date as a CMA, tax records can still offer valuable historical data that reflects market trends. 4. Analyze Recent Sales in Local Newspapers and Magazines Action: Review the real estate sections of local newspapers and magazines for information on recently sold properties. Purpose: Media sources often report significant real estate transactions and can be a good indicator of market conditions and pricing. 5. Use Basic Online Valuation Tools Action: Use free online home valuation tools provided by real estate websites. Input details about your home to receive an estimated market value. Purpose: These tools use basic algorithms based on publicly available data to provide a rough estimate of what your home might be worth. 6. Get Feedback from Potential Buyers Action: If you are conducting preliminary marketing, such as posting on social media or word-of-mouth advertising, gather feedback regarding the price expectations of potential buyers. Purpose: Direct feedback can help gauge whether your expected price aligns with the perceptions and expectations of potential buyers. 7. Consult Experienced Real Estate Agents Action: Even if you're considering selling by owner, consulting with a few local real estate agents can provide insights. Some might offer a free consultation in hopes of winning your business. Purpose: Real estate agents bring expertise and knowledge of current market conditions, and they can provide a ballpark estimate that helps in setting a realistic price. 8. Consider Professional Appraisal Action: Invest in a professional appraisal from a certified appraiser. Purpose: An appraiser will provide a detailed report on the value of your property based on a thorough inspection and market trends, offering a neutral and professional valuation. By employing these methods, sellers can gather enough information to make an educated guess about the appropriate listing price for their property, even without direct access to professional real estate tools like a CMA. However, remember that market conditions can fluctuate, so it’s important to remain flexible and adjust your expectations as necessary based on market feedback and ongoing research. Why saving for a downpayment is next to impossible in Canada's major markets Robert McLister: When someone earning six-figures can't save fast enough, you know there's a problem ca.finance.yahoo.com READ MORE ... Bank of Canada flags risks from rising interest rates Higher interest rates challenge renters and mortgage holders facing steep payment increases wealthprofessional.ca READ MORE ... Why is Multi-Generational Home Buying on the Rise? And What Are the Benefits of Buying with Family? The multi-generational home buyer is on the rise! stories.td.com READ MORE ... This abandoned Toronto home is $6 million It's unclear how long this Toronto house has been abandoned.  The last time it sold was in 2009 for $1.8 million, and even then, it was being sold ... blogto.com READ MORE ... Landlords sign on to Halifax's new rental registry, tens of thousands of units listed | CBC News The deadline for landlords in HRM to register their rental units under a new bylaw was April 1. So far, 66,590 units have registered. cbc.ca READ MORE ... Rental rates drop in Brampton despite nearly 10% yearly spike across Canada | inBrampton Renters in Brampton got a bit of a break last month compared to other parts of the country with a drop in average rental costs. insauga.com READ MORE ... Here's what you can buy for $727,000 in 9 Ottawa neighbourhoods CTVNewsOttawa.ca looks at what you can buy for $727,000 in nine neighbourhoods across the city of Ottawa. ottawa.ctvnews.ca READ MORE ... Capital Gains Tax Hike Spooks Canadian Cottage Owners Will Canadian cottage owners list their vacation homes, in response to looming changes to the Capital Gain Tax inclusion rate? blog.remax.ca READ MORE ... Three B.C. real estate agents to pay combined penalties of $73K A $40,000 penalty was ordered against an agent who failed to properly conduct a property sale while two penalties were issued against agents who bought and sold a pre-sale condo. biv.com READ MORE ... 3 Crazy Reasons Why People Have Purchased a Second Home For retirees, high-earners or those with substantial savings and investments, buying a second home is not out of the question. People purchase homes for a multitude of reasons -- whether they want to... ca.finance.yahoo.com READ MORE ... Getting Mortgage-Ready: Tips on How to Start the Journey It may feel like it's harder than ever to even consider the possibility of buying a home, particularly when you have limited income or past issues with credit. But there is a path to getting Mortgage-Ready if you are prepared to put in the time and work to begin the journey. stories.td.com READ MORE ... Can more townhouses and apartments address Toronto's housing crisis? | CBC News A plan to allow townhouses and small apartment buildings up to six storeys on major streets across Toronto has been approved by a city committee, but concerns are being raised about its viability as a tool to address the housing crisis. cbc.ca READ MORE ... 'Like a nightmare': Sault tenant frustrated with southern Ontario landlord Repeated calls for upkeep and maintenance have gone unanswered at Wellington Street apartment building since it was sold to numbered company directed by Nels Moxness sootoday.com READ MORE ... April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals. westernwheel.ca READ MORE ... Major London-based mortgage brokerage accused of 'dishonest' practices | CBC News A London mortgage broker with a long history of serving clients across Canada is at risk of losing his license and could face hefty fines following a probe by the Ontario regulator overseeing the industry. cbc.ca READ MORE ... With many Ontario homebuyers on the sidelines, gen Z, immigrants enter the market 8% of new home buyers are born between 1996 and 2012, up from 3% a year ago ca.finance.yahoo.com READ MORE ... This $1.4 million Toronto home has the coolest garage ever On the outside, 149 Gladstone Ave. looks like your typical Beaconsfield Village semi-detached house.  But inside is an explosion of colour and pers... blogto.com READ MORE ... This $8 million Toronto condo is an architectural marvel Back in 2018, a unique Toronto bungalow built in 1944 was one of three homes that was marked for demolition for the 7 Dale Ave. condos.  The group ... blogto.com READ MORE ... This abandoned Toronto home is $6 million It's unclear how long this Toronto house has been abandoned.  The last time it sold was in 2009 for $1.8 million, and even then, it was being sold ... blogto.com READ MORE ... Could rising rates cause a housing and mortgage crisis? Central bank says renewals could lead to hefty payment jumps, strain finances 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 Info & 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