📈 14th May 2024 - Here's How Much More Canadian Landlords Are Asking For Now, According To A Just-Released Report!

💥 Tuesday 14th May 2024 💥 FREE Home Evaluation Toronto GTA GTA Real Estate Spotlight: Daily Hot Picks! "Transform Your Home Journey: Free Reports & Premier Listings Await!" "GTA Real Estate Spotlight: Daily Hot Picks" illuminates your day with a carefully curated selection of the most enticing properties and investment opportunities in the Greater Toronto Area. Each day, we shine a light on exclusive market insights, emerging trends, and prime listings that are making waves in the GTA real estate scene. Whether you're a homebuyer on the hunt for your dream home, an investor looking for lucrative deals, or a real estate enthusiast keen on staying updated, our newsletter delivers the hottest picks directly to your inbox. Subscribe to "GTA Real Estate Spotlight: Daily Hot Picks" and stay in the know with the most valuable opportunities in Toronto's vibrant property market. What steps can sellers take to ensure they receive a comprehensive and unbiased free market evaluation from real estate agents or agencies? To ensure a comprehensive and unbiased free market evaluation from real estate agents or agencies, sellers should be proactive and methodical in their approach. Here are some key steps to consider: 1. Research Local Agents and Agencies Action: Identify experienced real estate agents or agencies with a strong track record in your local market. Look for professionals who have extensive knowledge and experience in your specific area. Purpose: Agents with in-depth local market knowledge are more likely to provide accurate and detailed evaluations. 2. Check Credentials and Reviews Action: Verify the credentials of the agents. Look for licenses, certifications, and memberships in reputable real estate organizations. Also, check online reviews and testimonials from past clients. Purpose: Ensuring that the agent is well-regarded and professionally accredited increases the likelihood of receiving a reliable and unbiased evaluation. 3. Interview Multiple Agents Action: Schedule consultations with several agents. Ask them about their approach to market evaluations, their familiarity with your neighborhood, and how they stay updated with market trends. Purpose: Comparing perspectives from multiple agents helps to identify any inconsistencies and provides a broader understanding of your property's market value. 4. Request a Detailed CMA Action: Ask each agent for a Comparative Market Analysis (CMA). Ensure it includes recently sold properties, current listings, and properties that were listed but didn’t sell (expired listings). Purpose: A comprehensive CMA provides a context for your property’s valuation by comparing it with similar properties in your area. 5. Ask Specific Questions Action: Prepare questions regarding any factors that might affect the valuation. Inquire about how they adjusted the valuation based on specific features or issues of your property. Purpose: This helps ensure that the agent has considered all relevant aspects of your property and the local market, contributing to a more accurate evaluation. 6. Discuss the Valuation Methodology Action: Understand the methodology used for the evaluation. Ask the agents to explain the process and the data sources they rely on. Purpose: Knowing the methodology provides insights into how thorough and unbiased the evaluation is. It also helps verify that the agent isn’t undervaluing or overvaluing your property for their own interests. 7. Check for Bias Action: Be wary of evaluations that seem significantly higher or lower than others. Question the agent about any discrepancies. Purpose: Some agents might provide overly optimistic evaluations to secure your business, while others might undervalue your property to facilitate a quick sale. 8. Ensure Transparency Action: Request transparency in the agent’s potential interest in your property. Some agents might offer evaluations with the hope of being hired to list your property. Purpose: Knowing the agent’s intentions can help discern if the evaluation might be biased towards getting them a listing agreement. 9. Seek Independence Action: Consider getting a professional appraisal independently if you require a more unbiased perspective, particularly for unique properties. Purpose: An independent appraiser doesn’t have a vested interest in listing your property and can provide an objective valuation. By taking these steps, sellers can ensure that they receive a comprehensive and unbiased market evaluation, positioning them well to make informed decisions when listing their property. Here's how much more Canadian landlords are asking for now, according to a just-released report A new report says 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. ctvnews.ca READ MORE ... Toronto ‘condo’ with zero bedrooms listed for nearly $600,000 If you are in the market for a zero-bedroom condo, then we have the listing for you. The listing on Century 21 Regal Realty Inc.’s Instagram account asks, “Are you looking for a 0 bedroom condo in the Toronto area? If so, check out this listing before it’s gone or share it to someone that’ll be interested!” Ahh, nothing like zero bedrooms to make a buyer go, “Yes, please!” The listing itself, from agent Kalsang Phuntsok, refers to the unit as a... msn.com READ MORE ... Rents hitting record highs nationally but nearly unchanged in Oshawa, Hamilton and Ontario - report - inDurham | Local Online News Asking rents for all residential property types in Canada remained near record highs in April, averaging $2,188 per month across the country – up 9.3 per cent from March. The situation is not as rosy – as least not for landlords – in Ontario, where rents decreased -0.3 per cent monthly and -0.7 per cent […] durham.insauga.com READ MORE ... 30-year mortgages now available to first-time home buyers on newly built homes | BCIT News bcitnews.com READ MORE ... Surreal Estate: $16.5 million for a mansion off Bayview with a theatre that looks like a spaceship What North York house would be complete without nine bathrooms, a quarry's worth of limestone and a wine cellar that looks like a cave? torontolife.com READ MORE ... Upgrading Your Home? Don’t Waste Your Money on These 7 Renovations msn.com READ MORE ... Environmental Site Assessment: What You Need to Know RE/MAX experts can help guide clients through complex due diligence tasks such as an environmental site assessment. Add a RE/MAX agent to your team today! blog.remax.ca READ MORE ... From Your First Home to Your Dream Home Moving from a starter to your dream home is an exciting journey. It requires patience, planning, and understanding the real estate market. blog.remax.ca READ MORE ... Renters need to make 36% more than in pre-COVID years to afford today's average rent, Zillow says US renters now need to make close to $80,000 to afford typical rent in the US, according to Zillow. ca.news.yahoo.com READ MORE ... CRA rent ruling sows tenant confusion in Ontario Ottawa shouldn't let Canada Revenue Agency go after tenants for their landlord's unpaid taxes, the opposition housing critic said thetrillium.ca READ MORE ... Judge orders Windsor landlords to pay city $30K in legal fees A judge has ordered Windsor landlords to pay the City of Windsor $30,000 in legal fees. windsor.ctvnews.ca READ MORE ... 'DYNAMIC': Ajax and Whitby ranked the fastest-selling real estate markets in GTA with Pickering and Oshawa not far behind Strong demand for various property types. durhamregion.com READ MORE ... Houses are selling fast in these southern Ontario cities | insauga While the red-hot housing market in the GTA (and southern Ontario overall) has cooled off ever-so-slightly from the highs reported during the height of the pandemic, a new report suggests houses in a number of cities are still flying off the market.  According to a report by real estate website and brokerage Zoocasa, data from […] insauga.com READ MORE ... Here's what $800,300 will buy you in nine Ottawa neighbourhoods The aggregate price of a home in Ottawa was $800,300 in the second quarter of this year, according to a new survey. Here's what that will buy you in nine neighbourhoods across Ottawa. ottawa.ctvnews.ca READ MORE ... Is No One Buying Condos in Toronto Anymore? Q1 Sales Down, Developers Get Desperate Toronto condo developers are bracing themselves for a downturn as sales dropped year-over-over for the first quarter of 2024. The thedeepdive.ca READ MORE ... Developer wants to tear down low-rent Toronto apartments for huge condo tower A Toronto apartment building full of comparatively cheap rentals could be torn down to make way for a 45-storey condo tower. Developer Forest Gate ... blogto.com READ MORE ... Someone in Toronto is renting out a makeshift room in their apartment for $800 a month With Toronto's average rent price for a one-bedroom apartment now surpassing a staggering $2,400 a month, more and more questionable listings conti... blogto.com READ MORE ... Investors watch closely as Bank of Canada weighs rate cut timing Investors watch closely as Bank of Canada weighs rate cut timing mpamag.com READ MORE ... Condo sales rise in the GTA as prices stabilize and renters eye homeownership - REM Q1 saw 5.3% more GTA condominium sales and a surge in new listings and choice — now might be the best time to buy realestatemagazine.ca READ MORE ... New Canadian Mortgage Rules To Have Little Impact On Housing: BMO - Better Dwelling Canada dropped some new real estate demand stimulus, in the name of improved affordability. Last week, the Government of Canada (GoC) announced they’ll be extending amortizations for first-time buyers in certain circumstances. There are concerns this will pour gas on the speculative fire that was finally starting to fizzle out. BMO disagrees with that take, […] betterdwelling.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. 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