💧 6th Aug 2024 - Home Collapses; Over $640,000 Awarded Due To Water Damage From Neighbouring Property!

💥 Monday 5th August 2024 💥 11 Home Inspection Pitfalls - FREE Report! Toronto Real Estate Daily: Hot News Brief! "Elevate Your Home Search: Free Reports & Desirable Listings!" "Toronto Real Estate Daily: Hot News Brief" delivers a focused, concise summary of the most significant developments in Toronto's real estate market each day. Our newsletter brings you the latest market trends, notable property updates, and key insights, ensuring you're always informed about the hottest news and emerging opportunities in the Toronto real estate scene. Stay up-to-date with our daily brief and make informed decisions with confidence. What Are the Often-Undiscussed Challenges of Conducting Home Inspections in Extreme Weather Conditions? Conducting home inspections in extreme weather conditions can present several unique challenges that are often not discussed. These challenges can impact the accuracy of the inspection and the overall assessment of the property. Here are some of the key issues: 1. Limited Visibility and Access Snow and Ice: Snow and ice can obscure important aspects of the property, such as the roof, gutters, and foundation. This can prevent inspectors from thoroughly examining these areas. Heavy Rain: Heavy rain can create flooding around the property, making it difficult to assess drainage systems and potential water damage. 2. Impaired Functionality Heating Systems: In cold weather, heating systems are often running continuously, which can mask issues like uneven heating or furnace malfunctions. Air Conditioning: In extreme heat, air conditioning units may be overworked, which can obscure issues with the cooling system's efficiency or functionality. 3. Safety Concerns Slippery Surfaces: Snow, ice, and rain create hazardous conditions that can make it difficult for inspectors to move safely around the property, particularly on roofs and walkways. Structural Integrity: Extreme weather can affect the structural integrity of the property, such as causing damage to the roof or foundation. Inspectors need to be cautious of additional risks while assessing these areas. 4. Equipment and Tools Tool Limitations: Cold temperatures can affect the performance of some tools and equipment used in inspections, such as moisture meters or infrared cameras. Weatherproofing Issues: Inspectors may face challenges with weatherproofing equipment and ensuring that electronic tools are protected from adverse weather conditions. 5. Property Conditions Moisture Issues: In extreme weather, properties may exhibit symptoms of moisture issues, such as condensation or mold growth, which can be more difficult to identify and assess. Exterior Wear and Tear: Extreme weather can exacerbate existing wear and tear on exterior surfaces, such as siding or paint, which may need a closer examination. 6. Accuracy of Findings Temporary Conditions: Weather-related conditions may create temporary issues that do not reflect the property's usual state. For example, ice dams might temporarily cause leaks that are not present in milder weather. Seasonal Variations: Some issues may only become apparent in specific weather conditions, making it challenging to get a complete picture of the property’s condition. Mitigation Strategies Schedule Flexibility: When possible, schedule inspections for times when weather conditions are more favorable, or plan for follow-up inspections to address any issues obscured by extreme weather. Detailed Documentation: Inspectors should document all observed issues thoroughly, noting any weather-related factors that might affect their findings. Enhanced Safety Measures: Ensure that all safety protocols are in place to protect both the inspector and the property. This may include using appropriate footwear, equipment, and weatherproofing for tools. Follow-Up Recommendations: Provide recommendations for additional inspections or assessments once weather conditions improve, particularly for areas that were inaccessible or difficult to assess. By being aware of these challenges and implementing appropriate strategies, inspectors can better navigate the difficulties posed by extreme weather conditions and provide a more accurate and comprehensive assessment of the property. Home collapses; over $640,000 awarded due to water damage from neighbouring property Learn about the duty of care between neighbours and the potential consequences of failing to prevent property damage realestatemagazine.ca Read Now ... Thirty year terms for newly built homes in Canada may help some people - Mortgage Matters The federal government has rolled out new mortgage regulations. Effective Aug. 1, and aimed at addressing the housing crisis and improving affordability for prospective homebuyers of newly-built homes, they can now extend their mortgage term to 30 years, up from the previous 25-year amortization for an insured mortgage. castanet.net Read Now ... This epic $19 million Ontario mansion features private waterfalls and lakes Not all the epic mansions are in The Bridle Path; in fact, many aren't even in Toronto.  Like 15466 The Gore Rd., which is in Caledon, but is just ... blogto.com Read Now ... Housing correction in Toronto could end up becoming 'one of the deepest of the past half a century,' RBC warns A housing correction which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market could end up becoming 'one of the deepest of the past half a century,' a new report from RBC warns. toronto.ctvnews.ca Read Now ... New landlord takes possession of building which housed former drop-in centre after tenant defied eviction notice - Kamloops News The Loop drop-in centre for the homeless was officially shuttered on Saturday by new landlord, realtor Brendan Shaw, after tenant Glenn Hilke defied an eviction notice deadline two days earlier. castanet.net Read Now ... What You Should Know About Renewing a Rental Lease Agreement Landlords should understand when it makes sense to renew or terminate a rental lease. Weigh pros and cons and discover tips on negotiating a new lease. mysmartmove.com Read Now ... Rent prices for this apartment type in Toronto just dropped for the first time in years Rent prices in Toronto may finally be easing somewhat, but the typical spot in the city will still run you about a costly $2,600 a month, making th... blogto.com Read Now ... Helping clients prevent costly surprises: How to avoid water damage and maintain insurance coverage Help clients prevent costly home damage while on vacation. Find out how to detect and prevent water leaks to avoid expensive repairs realestatemagazine.ca Read Now ... Ontario landlord blasted for bizarre tenant rules including '$20 fee' for overnight guests With the average rent for a one-bedroom apartment in Toronto now creeping well beyond the $2,400 mark, it's becoming more and more difficult to fin... blogto.com Read Now ... How to Buy a Home with No Down Payment If you're wondering how to buy a home with no down payment, there are a few options to explore in Canada. Read on to learn more. blog.remax.ca Read Now ... This $800,000 Toronto bungalow looks like the set of That '70s Show If you're into that retro 70s interior design style, you have to check out this house.  It is kind of magical how it looks like it came right out o... blogto.com Read Now ... This Week's Top Stories: Canadian Credit Demand Collapses, & Toronto's Negative Cash Flow Investors - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Credit Demand Is Rapidly Collapsing Despite Population Growth Canadian households aren’t borrowing, which may indicate that they’re weaker than they appear. Annual household credit growth advanced 3.4% in May, just 0.2 points above the cycle’s low hit in October 2023. The […] betterdwelling.com Read Now ... Canada Is Seeing 359 Consumers File For Insolvency Per Day BEFORE Recession - Better Dwelling Canadian consumers are known for their resilience, but that luck might be running out. Office of the Superintendent of Bankruptcy (OSB) filings show consumer insolvencies had one of the biggest June’s on record. A sudden surge of consumer insolvencies over the past year has the annual volume at the third-largest peak on record, and the […] betterdwelling.com Read Now ... Canadian Credit Demand Is Rapidly Collapsing Despite Population Growth - Better Dwelling Canadians aren’t acting like themselves and it may be a sign of a more concerning trend brewing. Bank of Canada (BoC) data shows annual household credit growth decelerated in May. Just off multi-decade lows, despite cheaper credit on the way, households are pulling back on borrowing. The low growth for borrowing is even more concerning […] betterdwelling.com Read Now ... This $800,000 Toronto bungalow looks like the set of That '70s Show If you're into that retro 70s interior design style, you have to check out this house.  It is kind of magical how it looks like it came right out o... blogto.com Read Now ... Rising home prices this year: Northern Ontario and the Prairies lead the way Get insights into the Canadian housing market in 2024. Learn about the cities with the most notable price increases realestatemagazine.ca Read Now ... Could Canada’s housing market wind up like Europe’s? Experts weigh in Explore the potential risks facing Canada's housing market. Will it follow the same path as Europe? Experts share their insights realestatemagazine.ca Read Now ... 10 apartment rental websites in Toronto you need to use for your next search Apartment rental website in Toronto will be in high demand the next time you're house hunting or are just looking for some laughs and screams.  Her... blogto.com Read Now ... This $22 million Mississauga mansion comes with its own private nightclub If you're looking for a home that quite literally has it all, this $22 million Mississauga home might just be the place for you. 2275 Doulton Drive... blogto.com Read Now ... Canadian Credit Demand Is Rapidly Collapsing Despite Population Growth - Better Dwelling Canadians aren’t acting like themselves and it may be a sign of a more concerning trend brewing. Bank of Canada (BoC) data shows annual household credit growth decelerated in May. Just off multi-decade lows, despite cheaper credit on the way, households are pulling back on borrowing. The low growth for borrowing is even more concerning […] betterdwelling.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 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. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here