🍂 30th Aug 2024 - Why A Surge In Housing Inventory Makes Autumn ‘Ideal’ For Buying!

💥 Friday 30th August 2024 💥 FREE Report - Stop Paying Your Landlord's Mortgage! GTA Real Estate Today: Hot Daily Scoop! "Maximize Your Home Investment: Free Reports & Exclusive Listings!" "GTA Real Estate Today: Hot Daily Scoop" keeps you updated with the latest and most critical developments in the Greater Toronto Area real estate market. Each day, we provide a concise roundup of the hottest news, market trends, and emerging opportunities. From standout property listings to significant market shifts, our daily scoop ensures you stay informed and ahead in Toronto’s vibrant real estate scene. Whether you're a buyer, seller, or investor, this is your go-to source for actionable insights and timely updates. What steps can individuals take to educate themselves about the homebuying process and empower themselves to make informed decisions about homeownership? Educating yourself about the homebuying process is crucial for making informed decisions and ensuring a successful purchase. Here are key steps you can take to empower yourself: 1. Research the Homebuying Process Read Guides and Articles: Start with reputable homebuyer guides and articles to understand the basics of the homebuying process, including financing, property search, offers, and closing. Books and E-Books: Consider reading books dedicated to real estate and homeownership for in-depth knowledge. 2. Attend Homebuyer Workshops and Seminars Local Workshops: Look for local homebuyer workshops or seminars offered by real estate agencies, financial institutions, or community organizations. These events often provide valuable insights and practical advice. Online Webinars: Many organizations offer online webinars and virtual workshops on homebuying topics. 3. Consult with Real Estate Professionals Real Estate Agents: Meet with a REALTOR® to discuss your needs, learn about the local market, and understand the homebuying process from a professional perspective. Mortgage Brokers: Speak with a mortgage broker or lender to get a clear understanding of your financing options and what you can afford. 4. Understand Your Finances Credit Score: Check your credit report and score to understand your financial standing. This will help you qualify for better mortgage rates. Budgeting: Create a budget to determine how much you can afford for a down payment, monthly mortgage payments, and other homeownership costs. 5. Research Local Market Conditions Market Trends: Research local real estate market trends, including property values, neighborhood dynamics, and market conditions in your desired area. Neighborhood Research: Investigate neighborhoods to understand factors like safety, amenities, schools, and future development plans. 6. Learn About Mortgage Options Types of Mortgages: Understand the different types of mortgages available, such as fixed-rate, adjustable-rate, and government-backed loans (e.g., FHA, VA). Pre-Approval: Obtain pre-approval for a mortgage to determine your budget and show sellers that you are a serious buyer. 7. Get a Home Inspection Home Inspection Basics: Learn about the importance of home inspections and what to expect during the inspection process. Inspectors: Choose a qualified home inspector to assess the property's condition and identify any potential issues. 8. Review Legal Aspects Real Estate Contracts: Familiarize yourself with common real estate contract terms and conditions. Consider consulting a real estate lawyer to review documents and ensure your interests are protected. Disclosure Requirements: Understand disclosure requirements for sellers and your rights as a buyer. 9. Network with Homeowners Join Online Forums: Participate in online forums or social media groups related to homeownership and real estate to learn from others' experiences. Speak with Friends and Family: Talk to friends or family members who have recently purchased homes to get their insights and advice. 10. Utilize Online Tools and Resources Mortgage Calculators: Use online mortgage calculators to estimate monthly payments and compare different loan options. Real Estate Websites: Explore real estate websites for property listings, market trends, and neighborhood information. 11. Stay Informed Follow Market News: Stay updated with real estate news and trends to remain informed about changes in the market that could impact your homebuying decisions. Professional Development: Consider ongoing education opportunities related to real estate and personal finance. By taking these steps, you can build a solid foundation of knowledge, make informed decisions, and navigate the homebuying process with confidence. Posthaste: Why a surge in housing inventory makes autumn ‘ideal’ for buying New listings in Ontario are up 15% as prices dip nearly 2% ca.finance.yahoo.com READ MORE ... Canada to Allow 30-Year Mortgages for First-Time Homebuyers Canada is set to introduce 30-year amortization periods for first-time homebuyers, offering new opportunities for affordable homeownership. Read how this change in mortgage terms could impact the housing market and benefit prospective buyers. gta-homes.com READ MORE ... Here's how much you can make renting your basement in and around Toronto The fact that Toronto rent prices are easing up ever so slightly doesn't really mean much given that we're still the third-priciest place for tenan... blogto.com READ MORE ... Here's how much you can earn renting a basement in Mississauga, Brampton, Oakville and the GTA | insauga As homeowners struggle with increased mortgage costs, many might consider renting their basement for some extra income. insauga.com READ MORE ... Calgary among best condo markets for investors in Canada Calgary is likely to be on Toronto real estate investors’ radar more thanks to a recent report showing the city is among the more lucrative markets in Canada where average rent exceeds the mortgage cost when purchasing the average-priced condominium. “Alberta’s largest cities were among top cities in the report with Edmonton at No. 1 and Calgary in sixth,” says Tarek Hageahmad, realtor with eXp Realty in Calgary. The study by Zoocasa, a national... msn.com READ MORE ... This abandoned Toronto house hasn't been on the market since 1951 While homebuyers usually need a salary of at least $208,950 to buy the average house in Toronto, you won't need that much to buy 35 Via Italia.  Th... blogto.com READ MORE ... Spotlight: A reverse mortgage does not mean that you are giving away your home and the equity in it Reverse mortgages have come a long way over the years especially with more competition and options! Discover the benefits of a reverse mortgage or a 5-year mortgage payment pause to give you financial peace of mind while you maintain the remaining equity in your home guelphtoday.com READ MORE ... Stunning Edwardian mansion in Toronto is for sale at $4 million There are many beautiful houses in Toronto's The Annex neighbourhood, but every once in a while, one comes along that fully captivates us.  Today, ... blogto.com READ MORE ... Young Canadians prioritize homeownership over traditional milestones: RBC/Houseful Discover why young Canadians prioritize homeownership despite the challenges of the housing market and affordability issues realestatemagazine.ca READ MORE ... Canadians Shifting Their Post-Crisis Home-Buying Priorities, New Research Finds RE/MAX identified three primary shifts among buyers in the Canadian real estate market: neighbourhood safety, age of homes and 'work & walk.' blog.remax.ca READ MORE ... Navigating tenanted real estate sales - Housewise I decided to take a bit of a break from small towns this week and speak about the changes just made in the ever-evolving real estate landscape of British Columbia. castanet.net READ MORE ... Why Cottages for Sale on PEI Are Your Perfect Getaway Cottages for sale on PEI are often situated in stunning locations, surrounded by breathtaking natural beauty. blog.remax.ca READ MORE ... Homes sold in Oshawa and Ajax make most affordable homes list - INdurham | Local Online News A two-bedroom home backing onto a city park in Oshawa was the most affordable home sold in the GTA this month, according to real estate company Zoocasa. The home at 171 Nassau Street, which backs onto Brick-by-Brick Park, just south of downtown, sold August 23 – just three days after listing – for $565,000. The […] durham.insauga.com READ MORE ... This is how much you could make renting out your basement in Toronto Old Toronto topped the list of asking rent for basement units at $2,600 a month, equalling $31,200 a year in rental income for homeowners streetsoftoronto.com READ MORE ... Solving the housing shortage a complicated process for Canada If you were listening to the Democratic convention, one of the commitments was to build three million new housing units in the next four years over the one million now planned. In addition, a $25,000 payment was being offered to first-time home buyers.  It is all designed to meet the […] fftimes.com READ MORE ... Airbnb guest ‘felt sick’ after she says she found hidden camera | Globalnews.ca Back in April, Zorina Mellis, who is from British Columbia, says she rented an apartment in Santa Monica through the Airbnb platform for six weeks. globalnews.ca READ MORE ... Young Canadians see homeownership as key to their futures despite affordability challenges: Royal LePage Young Canadians see homeownership as a valuable long-term investment despite ongoing affordability issues nationwide realestatemagazine.ca READ MORE ... Landlord fires back after Toronto tenants place fake development sign outside A public drama between a landlord and tenants is playing out on the lawn of a small Toronto apartment complex, with residents crying foul via a fak... blogto.com READ MORE ... What do Canadian homebuyers value most in choosing a home? Canadians rethink their priorities in the housing market mpamag.com READ MORE ... Is the advantage in Canada's housing market swinging back towards buyers? New listings in many markets are giving homebuyers more choice 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 | 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. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here

🚨 29th Aug 2024 - Toronto New Home Sales Hit An “All Time Low,” 70% Below Average!

💥 Thursday 29th August 2024 💥 Rent-To-Own Homes Toronto Toronto Real Estate Insider: Daily Hot News! "Your Guide to Real Estate Excellence: Expert Reports & Latest Listings!" "Toronto Real Estate Insider: Daily Hot News" delivers essential updates and in-depth analysis of the Toronto real estate market each day. Our newsletter provides you with a curated selection of the most important news, emerging trends, and market shifts that could impact your real estate decisions. Whether you're a prospective buyer, seller, or industry professional, stay informed and ahead of the game with the latest insights and hot topics from Toronto’s dynamic real estate landscape. How do market conditions and property values affect the feasibility and desirability of rent-to-own arrangements for both tenants and landlords? Market conditions and property values play a significant role in determining the feasibility and desirability of rent-to-own (RTO) arrangements for both tenants and landlords. Here's how these factors impact each party: Impact on Tenants Market Conditions: Rising Property Values: In a market with increasing property values, tenants might find rent-to-own arrangements more attractive. They have the opportunity to lock in a purchase price now, potentially benefiting from future appreciation. However, if property values rise too quickly, the agreed-upon purchase price may become less favorable compared to current market values. Stable or Falling Property Values: If property values are stable or decreasing, tenants may be less inclined to enter a rent-to-own agreement as they might prefer waiting to buy at lower prices or find better deals on the open market. Affordability and Accessibility: High Property Prices: In markets with high property prices, rent-to-own can provide a pathway to homeownership for tenants who may struggle with saving for a large down payment. This arrangement allows them to build equity while renting, which can be beneficial in expensive markets. Low Property Prices: When property prices are lower, tenants might find it easier to save for a down payment and purchase a home outright, potentially making rent-to-own less attractive. Market Stability: Volatility: In volatile markets with fluctuating property values, tenants might be concerned about the security of their investment in a rent-to-own arrangement. Uncertainty in property values can make it difficult to predict future market conditions and assess whether the agreed purchase price will be advantageous. Impact on Landlords Market Conditions: Rising Property Values: Landlords may find rent-to-own arrangements more desirable in a rising market. They can potentially secure higher purchase prices for their property and attract tenants who are motivated by the prospect of future ownership. This can also provide a steady rental income and reduce vacancy rates. Stable or Falling Property Values: In a stable or declining market, landlords might be less inclined to offer rent-to-own options. They may prefer traditional rental agreements to maintain flexibility and avoid being locked into a potentially unfavorable purchase price. Risk Management: High Property Values: When property values are high, landlords might view rent-to-own as a way to mitigate the risk of prolonged vacancies. Tenants who are committed to eventually purchasing the property might be less likely to move out, providing stability. Low Property Values: In markets where property values are lower, landlords may be concerned about the potential for tenants to negotiate lower purchase prices or take advantage of the arrangement. This could impact the overall profitability of the rent-to-own agreement. Property Maintenance and Management: Property Upkeep: Landlords must consider how well tenants maintain the property during the rent-to-own period. If tenants do not take good care of the property, it could affect its market value and the landlord's ability to sell it at the agreed-upon price. Financial Considerations: Purchase Price: Landlords need to set a fair purchase price that reflects current market conditions while considering the potential for future appreciation. They must balance the desire to attract tenants with the need to secure a favorable sale price. Conclusion Market conditions and property values significantly influence the feasibility and desirability of rent-to-own arrangements for both tenants and landlords. Tenants must assess whether the terms of the arrangement align with their financial goals and market expectations, while landlords must consider how market dynamics impact their potential return on investment and risk exposure. Both parties should carefully evaluate current market trends, property values, and their long-term objectives before entering into a rent-to-own agreement. Toronto New Home Sales Hit An “All Time Low,” 70% Below Average - Better Dwelling Greater Toronto real estate is slow but new housing has ground to a halt. Altus Group and BILD GTA data shows Greater Toronto has never seen fewer homes sold in July. Prices have dropped significantly from the peak, but not enough to prevent demand from hitting a record low. If a firmer market is ahead, […] betterdwelling.com READ MORE ... Posthaste: Why a surge in housing inventory makes autumn ‘ideal’ for buying New listings in Ontario are up 15% as prices dip nearly 2% ca.finance.yahoo.com READ MORE ... ‘It’s just crazy’: Here’s the latest in the Wentworth Street tenant dispute that left a realtor beaten and robbed Tenant of Wentworth Street North apartment has moved out amid ongoing dispute that saw a Hamilton realtor assaulted and robbed. thespec.com READ MORE ... Weekly Mortgage Digest: 84% of young Canadians prioritize homeownership despite affordability challenges - Mortgage Rates & Mortgage Broker News in Canada A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases. canadianmortgagetrends.com READ MORE ... The Impact of Future Interest Rate Cuts on the Canadian Mortgage Market and Pineapple's Growth Potential Toronto, Ontario--(Newsfile Corp. - August 28, 2024) - As inflationary pressures ease and economic conditions stabilize, the Bank of Canada northernnews.ca READ MORE ... The 12 cheapest places to live in Ontario From Windsor to Thunder Bay, discover the 12 cheapest places to live in Ontario money.ca READ MORE ... Canadians Shifting Their Post-Crisis Home-Buying Priorities, New Research Finds RE/MAX identified three primary shifts among buyers in the Canadian real estate market: neighbourhood safety, age of homes and 'work & walk.' blog.remax.ca READ MORE ... Cottage of the Week: $2.9 million for a glammed-up 1870s worker's cabin in Cabbagetown - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... What to do when your mortgage renewal is declined - MoneySense Though interest rates may be falling, many homeowners are still experiencing “rate shock” upon renewal—and in some cases, getting turned away by their lender. Here are some steps to take when your renewal application is denied. moneysense.ca READ MORE ... New report calls for urgent government action as GTA home sales in July at an all-time low A home building industry association says new home sales in July were at an all-time low, and is calling on urgent action from the government. toronto.ctvnews.ca READ MORE ... Homes Are Selling Below List Price Across Toronto: Here’s How Much You Could Save By Zoocasa Homes Are Selling Below List Price Across Toronto: Here’s How Much You Could Save ca.investing.com READ MORE ... Canadian Real Estate Stays Stable But Toronto Condos Face Challenges BMO Report | Valerie Sherren | Sales Representative While the Canadian real estate market maintains overall stability Toronto condominium sector is struggling with unique challenges according to a recent BMO report forgetmenotrealestate.ca READ MORE ... Tax implications of adding a child’s name to your rental property - MoneySense To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to the ACB, and more. moneysense.ca READ MORE ... Elderly tenants fed up with Vancouver landlord Seniors who live at 5455 Balsam St. in Kerrisdale say they are tired of having to advocate for their basic needs, including working elevators and heat. bc.ctvnews.ca READ MORE ... The Chase: How this renter scored a one-bedroom-plus-den in Scarborough - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... Now is prime time to invest in pre-construction properties — help your clients turn a profit Explore the benefits of investing in pre-construction properties in Canada. Find out how it can be a smart choice for first-time homebuyers realestatemagazine.ca READ MORE ... You can now buy an entire Ontario ski resort for cheaper than many houses For those who don't think the $1.7 million price tag for the average detached home in Toronto is quite worth it, perhaps throwing down another $800... blogto.com READ MORE ... Toronto home sold at shocking $1.7 million loss after four failed attempts to sell After repeated attempts to sell throughout 2023 and 2024, a Toronto home was finally sold at a mind-boggling $1.7 million loss this month.  The fiv... blogto.com READ MORE ... Canada's mortgage-heavy consumer debt hits $2.41 trillion Mortgages drive Canadian debt to new heights mpamag.com READ MORE ... How far will fixed mortgage rates fall in Canada? Don't expect a return to the rates of the pandemic 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 | 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. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here