👩‍❤️‍👨 16th Feb 2024 - 7 Tips for Buying a Home With Your Partner!

💥 Friday 16th February 2024 💥 Toronto Real Estate Fixer Upper - Myths & Facts! Toronto's Real Estate Pulse: Daily Dive! "Your Guide to Real Estate Brilliance: Free Reports & Exclusive Listings!" "Toronto's Real Estate Pulse: Daily Dive" offers you a daily deep dive into the pulse of the Toronto real estate market. Each day, we deliver curated insights, trends, and critical updates directly to your inbox, allowing you to immerse yourself in the latest developments. Whether you're a potential buyer, seller, investor, or real estate enthusiast, our daily dives cover a wide range of topics, from market dynamics and emerging trends to investment opportunities and expert analysis. Stay informed and dive deeper into the Toronto real estate scene with "Toronto's Real Estate Pulse: Daily Dive" as your trusted resource. Can purchasing a fixer-upper home be a viable option for first-time homebuyers, or is it too risky? Purchasing a fixer-upper home can indeed be a viable option for first-time homebuyers, provided they approach it with careful consideration and due diligence. While there are inherent risks associated with buying a property in need of renovation, there are also potential benefits that may make it an attractive choice: Lower Purchase Price: Fixer-upper homes typically come with a lower initial purchase price compared to move-in ready properties, allowing first-time homebuyers to enter the market at a more affordable entry point. Opportunity for Customization: Renovating a fixer-upper property offers first-time homebuyers the chance to personalize and customize their living space according to their preferences and lifestyle needs. Potential for Appreciation: By investing in renovations and improvements, first-time homebuyers can potentially increase the value of their property over time, building equity and increasing their return on investment. Learning Experience: Purchasing a fixer-upper home provides valuable hands-on experience in home renovation and maintenance, which can be beneficial for first-time homebuyers looking to develop their DIY skills or pursue future real estate ventures. However, it's essential for first-time homebuyers to weigh the risks against the potential rewards before committing to a fixer-upper property. Some considerations include: Budgeting for Renovations: Renovation costs can quickly add up, so first-time homebuyers should carefully assess their budget and ensure they have sufficient funds set aside for necessary repairs and improvements. Time and Effort: Renovating a fixer-upper home requires time, effort, and often professional assistance. First-time homebuyers should be prepared for the challenges and disruptions that come with managing a renovation project. Hidden Issues: Fixer-upper properties may have hidden structural or maintenance issues that are not immediately apparent. First-time homebuyers should conduct thorough inspections and assessments to uncover any potential problems before finalizing the purchase. Ultimately, purchasing a fixer-upper home can be a rewarding endeavor for first-time homebuyers who are willing to put in the time, effort, and resources to transform a property into their dream home. It's essential to approach the process with realistic expectations and seek guidance from real estate professionals and renovation experts as needed. 7 Tips for Buying a Home With Your Partner Follow these tips to help make the process of buying a dream home together as smooth as possible. moneytalksnews.com Read More ... Ottawa woman faces foreclosure and bankruptcy after Scotiabank serves her papers An Ottawa woman has had her life turned upside down and is now facing bankruptcy and foreclosure in a perfect storm of unfortunate events. ottawa.ctvnews.ca Read More ... Three RRSP Mistakes to Avoid It’s that time of year: Minimize taxes and maximize returns. morningstar.ca Read More ... Toronto's Housing Market: Rising Rents, Cooling Prices, and Unconventional Measures Explore Toronto's housing market dynamics in January, with surging sales, stagnant listings, steady home prices, and creative landlord strategies amidst cooling rents. bnnbreaking.com Read More ... Canadians are moving to Alberta in droves. How affordable is the province for homebuyers? Alberta’s more favourable tax environment and lower housing prices are attracting a significant number of Canadians, particularly from provinces like Ontario and B.C., according to a new report. Re/Max Canada’s 2024 Tax Report examined key markets in six Canadian provinces, including Vancouver, Calgary, Winnipeg, Toronto, Montreal and Halifax. It found that tax rate increases, along with record-high housing values and mortgage rates, have led to... msn.com Read More ... Fire-damaged East Vancouver house listed for $1.6M This $1,599,800 property comes with a bit of a catch. It was on fire eight months ago. bc.ctvnews.ca Read More ... More is needed to incentivize the construction of new rental housing supply In the GTA, more than 300,000 rental homes will be needed in the next decade nationalpost.com Read More ... Canada’s Home Sales Rose 22% In January As Market Rebounds Home sales across Canada rose 22% in January from a year ago as expectations for lower interest rates fuels a rebound in the real estate sector. The Canadian Real Estate Association (CREA) said that January home sales across the country increased ... baystreet.ca Read More ... Should You Pay Down Your Mortgage, or Fund Your RRSP? It comes down to discipline and what you can afford. For those who can’t do both, the psychological advantage of being debt-free may trump funding their RRSPs. morningstar.ca Read More ... Can first-time buyers save Canada’s real estate market? - REM Canada’s January sales mark the third-strongest month on record. Despite challenges, there's optimism, especially for first-time buyers driving growth in more affordable markets realestatemagazine.ca Read More ... Rental rates in Edmonton, Canada skyrocket while vacancy rates dip Edmonton is Canada's rent inflation leader among large markets according to rentals.ca, seeing a 17.1-per-cent annual increase to an average rental price of $1,479. edmonton.ctvnews.ca Read More ... Edmonton may be one of the cheaper cities for rent in Canada, but will that continue? | CityNews Edmonton A recent report shows the city had the highest increase in rent out of any major city in the country. edmonton.citynews.ca Read More ... Renting a home in Burlington? Still a pricey proposition - inHalton | Local Online News Burlington continues to be among the most expensive cities in Canada to rent a home. According to Rentals.ca and Urbanation’s latest National Rent Report, which looks at prices in January, the average new rent for a one-bedroom property in Burlington in January was $2,204, basically no change from the previous month or year-over-year. That sits […] inhalton.com Read More ... Canadian Building Construction Investment Fell Sharply Before Rate Hikes - Better Dwelling Canada’s attempt to use helicopter money to stimulate building may have the opposite impact. Statistics Canada (Stat Can) building construction rose in December, which sounds like cause for celebration. However, when examined in real terms, it was the worst December in at least five years. Rising interest rates might be the first suspect that comes […] betterdwelling.com Read More ... This $4 million Toronto home looks like a retro scene from the show Golden Girls If you've ever dreamed of living like Blanche, Dorothy, Rose, or Sophia from the iconic TV show The Golden Girls, this Lawrence Park family home mi... blogto.com Read More ... Someone is renting a bunk bed in Toronto and calling it a 'prestige accommodation' Despite rent prices in Toronto cooling off over the past few months, some landlords in the city continue to search for creative — and at times, que... blogto.com Read More ... Lavish Toronto house renting for $15k per month after controversial renoviction A house that recently hit Toronto's rental market for a whopping $15,750 per month has locals picking their jaws up off the floor, not because of t... blogto.com Read More ... Canadian housing starts fall News marks a sluggish start to the year mpamag.com Read More ... Asking rents hit new high in January Shelter costs continue to spike mpamag.com Read More ... What's next for the mortgage stress test? Industry giants have argued a change could be needed – but regulator shows no sign of budging 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 & 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. 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🔁 14th Feb 2024 - How To Use Equity To Buy A Second Home!

💥 Wednesday 14th February 2024 💥 Danger! 9 Buyer Traps - FREE Report! Curated GTA Thrive: Daily Insights! "Discover, Decide, Delight: Expert Reports & Premier Listings!" "Curated GTA Thrive: Daily Insights" delivers curated insights into the Greater Toronto Area (GTA) real estate market every day. Get a comprehensive overview of market trends, expert analysis, and valuable insights directly in your inbox. Whether you're a buyer, seller, investor, or simply interested in the GTA real estate market, our daily updates cover a wide range of topics to help you thrive in this dynamic landscape. Stay informed and ahead of the curve with "Curated GTA Thrive: Daily Insights" as your trusted source for navigating the GTA real estate market. What Are the Lesser-Known Home Buying Traps That Can Catch Even Experienced Buyers Off Guard? Even experienced home buyers can fall prey to lesser-known traps in the home buying process. Some of these traps include: Overlooking Hidden Costs: Buyers may focus solely on the purchase price of the home and overlook additional costs such as closing costs, property taxes, homeowner's insurance, and maintenance expenses. Failing to budget for these expenses can lead to financial strain after the purchase. Ignoring Future Needs: Buyers may prioritize their current needs without considering their future requirements. For example, they may overlook the need for additional space for a growing family or accessibility features for aging in place. Skipping the Home Inspection: Some buyers may forego a thorough home inspection to expedite the buying process or save money. However, this can lead to costly surprises down the road, as hidden defects or structural issues may go unnoticed. Underestimating Renovation Costs: Buyers may underestimate the cost and effort required to renovate or remodel a property to meet their preferences. This can result in budget overruns and delays, impacting the overall affordability of the home. Neglecting Neighborhood Research: Buyers may focus solely on the property itself and overlook crucial factors such as neighborhood amenities, school districts, crime rates, and future development plans. Choosing the wrong neighborhood can impact quality of life and property value appreciation. Getting Emotionally Attached: Falling in love with a property can cloud judgment and lead buyers to overlook potential flaws or overpay for the home. It's essential to remain objective and evaluate the property based on its merits and market value. Not Understanding the Home Buying Process: Even experienced buyers may encounter unfamiliar aspects of the home buying process, such as financing options, legal requirements, and contract negotiations. It's crucial to seek guidance from professionals and educate oneself to avoid costly mistakes. Failing to Secure Financing Pre-Approval: Buyers may begin their home search without obtaining a pre-approval for a mortgage. This can lead to disappointment if they find their dream home but are unable to secure financing, or they may miss out on competitive offers due to lack of pre-approval. Not Considering Resale Value: Buyers may overlook the resale potential of the property, focusing solely on their immediate needs. Factors such as location, property condition, and market trends can impact the future resale value of the home. Ignoring Red Flags: Buyers may dismiss warning signs or red flags during the home buying process, such as unresolved inspection issues, a history of maintenance problems, or unfavorable market conditions. It's essential to address concerns promptly and make informed decisions. By being aware of these lesser-known traps, even experienced home buyers can navigate the buying process more effectively and avoid costly mistakes. How to use equity to buy a second home - MoneySense We look at four common ways of financing the purchase of a second property using equity built up in your current home. moneysense.ca READ MORE ... Don't count on mortgage rates falling just yet. A Fed official says interest rate cuts may only come in the summer. Atlanta Fed President Raphael Bostic told CNN he expects the US inflation rate to fall to "the lower twos" only by the end of 2024. " ca.news.yahoo.com READ MORE ... 'Unparalleled': Here are the most viewed homes on the Mississauga real estate market These are among the most viewed on the entire Canadian real estate market. mississauga.com READ MORE ... Montrealers deal with renovictions amid lowest vacancy rate on record | CityNews Montreal Patricia Higgins has been living in an apartment building in Montreal’s Pointe-aux-Trembles for almost 50 years. She’s now among those facing renovictions, told to leave so the owners can renovat3. “Uprooting from my home, uprooted from my neighbourhood, uprooted from my neighbours and friends that I’ve made here,” she said. It’s happening to her and […] montreal.citynews.ca READ MORE ... B.C. real estate sees rebound to start 2024: BCREA The B.C. real estate market is picking up, with a reported increase in sales in January 2024 compared to the same month last year. vancouver.citynews.ca READ MORE ... Kelowna realtor petitioning against province's short-term rental legislation - Kelowna News The provincial government has gone too far in its legislation banning short-term rentals within specific areas of municipalities across the province. castanet.net READ MORE ... Interest rate cuts would ease housing supply constraint, Fraser suggests - National | Globalnews.ca Sean Fraser says that based on conversations he’s had with housing developers, he thinks residential construction projects will begin to move forward once interest rates are cut. globalnews.ca READ MORE ... Proof Point: International student cap won’t immediately cut rental demand in Canada - RBC Thought Leadership The federal government’s new cap on international study permit applications will not immediately reduce rental demand from international students... thoughtleadership.rbc.com READ MORE ... Some GTA college students being paired with seniors with extra space amid housing crisis Some Canadian post-secondary institutions are looking to pair up students with seniors who have extra living space in response to rising rent prices. cp24.com READ MORE ... January buyer's market in Sarnia-area real estate won't last: realtor group Sarnia-area real estate slipped into its first buyer's market in a decade in January, but don't expect it to last. chathamdailynews.ca READ MORE ... Are Houses in St. John’s Still Cheap? The upward trajectory of home prices in St. John’s will likely persist in 2024, says a new report from RE/MAX. blog.remax.ca READ MORE ... Calgary’s January sales surge amid tight inventory, driving prices higher: CREB - REM Despite a boost in new listings, inventory remains tight, leading to continued upward pressure on prices in Calgary and the surrounding area realestatemagazine.ca READ MORE ... The government's costly plan to purchase Canadian Mortgage Bonds is deeply misguided - The Hub Canadian Mortgage Bonds are not actually federal government liabilities. And if CMBs aren’t federal debt, then the currently planned $30 billion in CMB purchases this year is a significant policy shift that is deeply misguided. thehub.ca READ MORE ... Luxury five-star hotel planned within enormous $800M Toronto skyscraper A new landmark for the Toronto skyline will bring the city a new five-star hotel and a soaring restaurant perched 63 storeys up in the sky. The new... blogto.com READ MORE ... As unruly guests disturb the peace, Muskoka Lakes considers licences for short-term rentals | CBC News As short-term rentals have become big business in cottage country, Muskoka Lakes property owners say partying and noise are a growing problem. The township wants more regulation, but some say proposed fees and limitations hurt responsible renters. cbc.ca READ MORE ... Could Canada's housing market pick up sooner than expected? Rate cuts could herald beginning of an upsurge – but are buyers already stepping off the sidelines? mpamag.com READ MORE ... How to calculate the adjusted cost base of inherited property - MoneySense What happens if you inherit a property and have no record of its value at that time? How can you determine the tax payable on its sale? moneysense.ca READ MORE ... Canadian Bond Yields Surge, Mortgage Costs To Climb Ahead of Spring Market - Better Dwelling Canadian real estate markets picked up at the end of the year, as cheaper mortgage debt appeared. Expect the opposite pressure over the next few days as Government of Canada (GoC) bond yields surge on strong inflation data. Reversing some of the ground made over the past few weeks, a sudden jump in yields is […] betterdwelling.com READ MORE ... Housing prices expected to hit 'bottom' in Toronto this spring: RBC report Canada is seeing 'early signs' of a housing market upturn and Toronto could see prices bottom out this spring, a recent report from the Royal Bank of Canada says. toronto.ctvnews.ca READ MORE ... Short-term rental owners voice concerns over Muskoka Lakes proposed bylaw The Township of Muskoka Lakes is debating new rules that govern short-term rental accommodations(STRA), addressing concerns related to rental property management and community impact in the face of a notable apprehension among some rental property owners. barrie.ctvnews.ca 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 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