🤝 8th Feb 2024 - What To Know If You're Considering Buying A House With Friends!

💥 Thursday 8th February 2024 💥 Buyer Mistakes: FREE Report! GTA Real Estate Unveiled: Daily Highlights! "Empowering Your Home Tale: Reports & Hot New Listings!" "GTA Real Estate Unveiled: Daily Highlights" is your daily revelation into the most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of highlights that unveil the hottest trends, market insights, and critical updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Unveiled" series covers a wide range of topics, from uncovering market dynamics to revealing investment opportunities and expert analysis. Stay informed and make well-informed decisions with "GTA Real Estate Unveiled: Daily Highlights" as your trusted resource for navigating the dynamic GTA real estate landscape. What Unexplored Mistakes Can Occur When Home Buyers Neglect Thoroughly Researching Neighborhoods Before Purchase? Neglecting thorough research on neighborhoods before purchasing a home can lead to several unexplored mistakes and potential issues for home buyers. Here are some mistakes that can occur: Safety Concerns: Lack of research may result in buying a home in an area with a higher crime rate. Safety is a crucial factor, and understanding the crime statistics and safety of the neighborhood is essential. School Quality: Homebuyers with children should research the quality of schools in the area. Neglecting this aspect may lead to dissatisfaction with the educational options available for their children. Commute and Transportation: Failing to consider commute times and transportation options can result in unexpected challenges. Long commutes can significantly impact the quality of life, and limited transportation options may affect daily routines. Future Development Plans: Not researching future development plans for the neighborhood can lead to surprises. New developments or changes in zoning regulations may impact property values and the overall character of the area. Amenities and Services: Overlooking the availability of essential amenities and services (e.g., grocery stores, healthcare facilities, recreational spaces) in the neighborhood can affect convenience and lifestyle. Property Values and Resale Potential: Neglecting to investigate historical property values and the potential for future appreciation may impact the long-term investment potential of the home. Neighborhood Dynamics: Understanding the dynamics of the neighborhood, including demographics, community events, and the sense of community, is crucial for a comfortable living experience. Noise Levels and Environmental Factors: Failing to consider noise levels, environmental factors, and the overall ambiance of the neighborhood can result in dissatisfaction with the living environment. Resale Potential: Ignoring the resale potential of the property can lead to challenges when it comes time to sell. Understanding the market trends in the neighborhood is essential for future transactions. Homeowners Association (HOA) Rules: For properties within HOA-managed communities, not thoroughly understanding the rules and regulations can lead to conflicts and unexpected restrictions on property use. Local Regulations and Taxes: Not being aware of local regulations, zoning laws, and property taxes can lead to unexpected costs and limitations on property use. Accessibility and Infrastructure: Lack of research on the accessibility of the neighborhood and the condition of infrastructure may result in inconvenience and unexpected costs. Lack of Future Planning: Not considering future life changes, such as family expansion or downsizing, can lead to outgrowing or underutilizing the property. Conducting thorough research on neighborhoods is crucial to making an informed decision when buying a home. Homebuyers should leverage online resources, local expertise, and visits to the neighborhood to gather comprehensive information and avoid potential pitfalls. What to know if you're considering buying a house with friends A growing number of financially savvy Canadians have discovered a way to make homeownership more affordable by purchasing a home with their friends. In his financial advice column for CTVNews.ca, Christopher LIew explains the basics of how co-owning a home works, while outlining some of the pros and cons. ctvnews.ca Read More ... Bizarre rental listing for shared bedroom asks tenants to "use deodorant" | Urbanized A bizarre listing advertises a shared living space for $600 near Yonge and College Streets and asks that the renter use deodorant daily. dailyhive.com Read More ... ANALYSIS | Bank of Canada governor says interest rate relief won't deliver new housing supply | CBC News As inflation comes under control, there is a growing chorus calling on the central bank to cut interest rates, easing at least some affordability issues. But Bank of Canada governor Tiff Macklem says a lower interest rate isn't the silver bullet people are hoping for. cbc.ca Read More ... Canada's largest cities saw home sales surge in January - Mortgage Rates & Mortgage Broker News in Canada The year started with a jump in home sales in Canada's largest urban centres, with gains exceeding 30% in Toronto, Vancouver and Calgary. canadianmortgagetrends.com Read More ... Home sales surge in Canada's major cities to start the tear: Toronto, Vancouver, Calgary see over 30% gains - Mortgage Rates & Mortgage Broker News in Canada A surge in home sales across Canada's largest markets to kick off 2024 is unlikely to prompt the Bank of Canada to delay its probable interest rate cuts later this year. canadianmortgagetrends.com Read More ... Early signs of a housing market upturn emerge across Canada - RBC Thought Leadership January marked the second consecutive month residential transactions increased in major markets across Canada. The uptick seen in early results... thoughtleadership.rbc.com Read More ... Posthaste: Canada is underestimating the number of new homes needed — by a lot, says CIBC Canada's housing shortage boils down to a forecasting failure, says economist ca.finance.yahoo.com Read More ... A new report has identified the Ontario cities where house prices have fallen the most New homeowners may be “feeling the sting” of falling house prices in a number of Ontario cities, including Burlington, which fared the worst compared to other Canadian cities over the past 12 months, according to a recently released report. cp24.com Read More ... Toronto home sales surge almost 40%, but prices slip again Toronto’s benchmark home price declined for the seventh consecutive month in January, but a surge in home sales compared to the same period a year ago has the region’s real estate board warning that prices might not stay subdued for long. Overall, 4,223 sales were reported through the Toronto Regional Real Estate Board ‘s MLS system for the month, a 37 per cent increase from January 2023. The benchmark home price, meanwhile, slipped less than... msn.com Read More ... East Gwillimbury home prices plunge 7.3 per cent to $1.23 million in January 2024 Sales were up 106.3 per cent and active listings were up 3 per cent compared to a year ago yorkregion.com Read More ... Toronto real estate market sees January uptick as challenges persist - REM Despite a slight uptick in January sales, Toronto's real estate market still faces challenges ahead. Dive into the numbers with our latest analysis realestatemagazine.ca Read More ... Here's how much it costs to rent a one-bedroom apartment in Metro Vancouver this February Canada's top five priciest markets are located in Metro Vancouver. vancouverisawesome.com Read More ... UBC student commutes from Calgary -- cheaper than paying Vancouver rent Vancouver’s sky-high rental prices have forced many residents to find creative ways to be able to afford to live in the city. Turning to creativity is exactly what Tim Chen did to avoid paying rent in Vancouver. bc.ctvnews.ca Read More ... How Much Should You Be Spending on Rent in Canada Today? - Stocktrades Determining how much of one's income should go towards rent is a decision that requires balancing a personal budget with the stark realities of the housing market here in Canada.  Some Canadians will find the numbers in this article nearly impossible to achieve due to bloated housing prices. Think of people living in provinces like British Columbia or […] stocktrades.ca Read More ... Toronto Real Estate Recovery Will Takes Years, Not Months: BMO  - Better Dwelling One of Canada’s largest banks is telling investors Toronto real estate sales are back, but prices—not so much. Despite a huge jump in existing home sales across Greater Toronto in January, prices continued to slide lower. BMO explained to investors that the increased activity will prevent further declines, and even boost home prices in time. […] betterdwelling.com Read More ... This $3.4 million Vaughan home is mid-century modernism at its finest There's a reason mid-century modern design never goes out of style and here to prove it is 181 Gidleigh Park Cres. Originally commissioned by Les a... blogto.com Read More ... Real estate agent calls building 'worst condo in Toronto' and it's not what you're thinking With the sketchy fires, bloody hallways, and a thriving scamming scene, ICE condos has built up a horrifying reputation over the past few years. Bu... blogto.com Read More ... Rates can’t fix high housing costs, reiterates BoC chief Rate hikes aren't solely responsible for housing crisis, suggests Governor mpamag.com Read More ... Buying is now more affordable than renting in these Canadian cities Rising rents and failing mortgage rates are shifting market dynamics mpamag.com Read More ... Canada’s housing target misses the mark by millions: CIBC Overlooked population growth is one huge factor why mpamag.com Read More ... BoC’s Macklem anticipates housing market rebound in 2024 Still, there's a caveat… mpamag.com Read More ... Canadian home builders call for policy reforms amid rising interest rates and construction costs: CHBA - REM Top recommendations include 30-year amortizations for insured mortgages on new construction homes and a lower mortgage stress-test qualifying rate especially for longer-term mortgages realestatemagazine.ca Read More ... Is it better to buy or rent a home right now in Mississauga? | insauga As both rents and home prices increase, people in Mississauga might be wondering what the best option is right now. insauga.com Read More ... People are leaving Toronto in droves to buy cheaper houses elsewhere in Canada | Urbanized Re/Max's 2024 Tax Report, released Tuesday morning, outlines how people are fleeing Toronto and its overpriced housing scene. dailyhive.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