🤷‍♀️ 7th Feb 2024 - To Rent Or Buy? Despite Price Surge, Rental Costs Still Lower Than Buying In Most Markets!

💥 Wednesday 7th February 2024 💥 Quick Easy Fix-Ups: FREE Report! Daily GTA Real Estate Incandescence! "Turning Visions into Keys: Expert Reports & Sought-After Listings!" "Daily GTA Real Estate Incandescence" is your daily source of radiant and impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of updates that illuminate the market, featuring 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 "Incandescence" series covers a wide range of topics, from illuminating market dynamics to revealing investment opportunities and expert analysis. Stay radiant and make well-informed decisions with "Daily GTA Real Estate Incandescence" as your trusted resource for navigating the dynamic GTA real estate landscape. In What Ways Can Quick Easy Fix-Ups Be Applied to Enhance the Energy Efficiency of a Home? Enhancing the energy efficiency of a home through quick and easy fix-ups is a wise investment that can lead to long-term cost savings and environmental benefits. Here are several ways to improve energy efficiency: Sealing Leaks and Gaps: Weather Stripping: Install weather stripping around doors and windows to prevent drafts. Caulking: Seal gaps and cracks in walls, windows, and doors with caulking to reduce air infiltration. Insulation Upgrades: Attic Insulation: Ensure that the attic is well-insulated to prevent heat loss in winter and heat gain in summer. Pipe Insulation: Wrap hot water pipes with insulation to minimize heat loss. Energy-Efficient Lighting: LED Bulbs: Replace incandescent bulbs with energy-efficient LED bulbs, which use less energy and last longer. Smart Thermostat Installation: Install a programmable or smart thermostat to optimize heating and cooling based on your schedule. Appliance Efficiency: Energy Star Appliances: When replacing appliances, choose models with the Energy Star label for improved efficiency. Water Heater Timer: Install a timer for your water heater to heat water only when needed. Window Treatments: Curtains and Blinds: Use thermal curtains or blinds to control heat gain/loss through windows. Low-Flow Fixtures: Install low-flow faucets and showerheads to reduce water consumption and the energy required to heat water. Landscaping Strategies: Plant Shade Trees: Strategically planting trees for shade can reduce cooling costs in the summer. Windbreaks: Planting windbreaks can protect your home from cold winter winds. HVAC System Maintenance: Regular Servicing: Schedule regular maintenance for your heating and cooling systems to ensure optimal efficiency. Air Filter Replacement: Replace air filters regularly to maintain good airflow and efficiency. Solar Control Films or Screens: Apply solar control films to windows to reduce solar heat gain while maintaining natural light. Sealing Ducts: Ensure that HVAC ducts are properly sealed to prevent air leaks and improve system efficiency. Energy Audits: Conduct a professional energy audit to identify specific areas for improvement and prioritize energy-saving measures. Reflective Roof Coatings: In hot climates, reflective coatings on roofs can help reduce the absorption of heat. Install Ceiling Fans: Ceiling fans can help distribute air and make rooms feel cooler, allowing for higher thermostat settings. Implementing these quick and easy fix-ups can significantly enhance the energy efficiency of a home, creating a more comfortable living environment while reducing utility costs and environmental impact. To rent or buy? Despite price surge, rental costs still lower than buying in most markets: Report There is one market in Canada where the average monthly mortgage payment is $5 less than rental costs. ca.finance.yahoo.com Read More ... Post-pandemic exodus from Canada’s priciest markets, thanks to high prices, interest rates and taxes: Re/Max - REM “The potential economic impact of ongoing out-migration on the future of individual provinces should raise alarm bells” realestatemagazine.ca Read More ... Taxes Contributing to Shift to More Affordable Canadian Housing Markets Land transfer taxes and new property assessments in key markets appear to have little effect on the surface, but eroding affordability is shifting migration patterns in Canadian real estate. blog.remax.ca Read More ... Canada's housing crisis: New funding isn't a 'long-term' solution, warns researcher As a crushing housing stock shortage, record prices and skyrocketing rents spur an exodus from Canada's biggest cities, the federal government announced almost $100 million in new funding to tackle rent affordability. One researcher is warning, however, that although the additional support is "absolutely needed" it's not a long-term solution to a growing problem. ctvnews.ca Read More ... Toronto Real Estate Sales Surge 39%, Prices Fall Further W/ Robust Supply - Better Dwelling Greater Toronto real estate is getting a boost from the return of cheaper financing. TRREB reported existing home sales in the region ripped higher in January. Growth significantly outpaced new inventory, helping to firm the market. However, there had been so few buyers recently that the massive growth barely translated into a balanced market, and […] betterdwelling.com Read More ... Real Estate Is a Manageable Risk for Canadian Banks, Regulator Says - BNN Bloomberg Commercial real estate loan losses remain a manageable risk for Canada’s biggest banks even in the wake of last week’s turmoil at New York Community Bancorp, according to the head of the country’s bank regulator. bnnbloomberg.ca Read More ... Greater Toronto housing market tightens as home sales surge 37% in January: board - Toronto | Globalnews.ca The Toronto Regional Real Estate Board says last month's 4,223 home sales also marked a 22.9 per cent month-over-month increase from December. globalnews.ca Read More ... Canada extends foreign housing ownership ban Two more years added to curb foreign housing purchases, boosting affordability wealthprofessional.ca Read More ... Toronto Real Estate Sales Surge 39%, Prices Fall Further W/ Robust Supply - Better Dwelling Greater Toronto real estate is getting a boost from the return of cheaper financing. TRREB reported existing home sales in the region ripped higher in January. Growth significantly outpaced new inventory, helping to firm the market. However, there had been so few buyers recently that the massive growth barely translated into a balanced market, and […] betterdwelling.com Read More ... Experts doubt foreign buyer ban extension will help affordability Over the weekend, Ottawa quietly extended its foreign homebuyer ban until 2027. But some experts question whether it will make any difference to affordability in the Lower Mainland. bc.ctvnews.ca Read More ... Montreal sees home sales, prices rise amid optimism around interest rates - Montreal | Globalnews.ca The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales jumped 18 per cent in January compared with the same month a year earlier. globalnews.ca Read More ... B.C. homeowners face big losses in 2023: report Many homeowners who bought property in 2022 faced a decline in housing prices over a year, according to a new analysis.  vancouver.citynews.ca Read More ... Strong start to home sales in 2024 unlikely to delay BoC rate cuts: economists TORONTO — 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. The start of the year has shown signs of a rebound in some major housing markets, including in the Greater Toronto Area where home sales soared 37 per cent in January compared with the same month a year ago. Last month's 4,223 home sales also marked a 22.9 per cent month-over-month increase from December, according to ca.finance.yahoo.com Read More ... The Bank of Canada can't solve the country's housing affordability problem: Macklem - Mortgage Rates & Mortgage Broker News in Canada While monetary policy plays a crucial role in the housing market, lowering interest rates isn't a silver bullet for resolving Canada's housing affordability crisis, Bank of Canada Governor Tiff Macklem said today. canadianmortgagetrends.com Read More ... Why are all your friends moving to Alberta? New report has some ideas | Globalnews.ca A recent survey has found that more than one in four Canadians agreed the land transfer tax has impacted their decision to participate in the housing market. globalnews.ca Read More ... Why A Recession Is Still the Most Likely Outcome Last week continued a run of surprisingly strong economic data on both sides of the 49th parallel. movesmartly.com Read More ... Canada Greener Homes Grant closes early due to high demand Program exhausts $2.6 billion in funds due to a surge in demand mpamag.com Read More ... Toronto home sales on the rise Homebuying activity ticked higher in January, reveals TRREB mpamag.com Read More ... Is Canada's housing supply crisis about to get worse? Familiar woes for housing and mortgage markets show no sign of easing mpamag.com Read More ... Bank of Canada reveals first rate decision of 2024 Central bank makes eagerly awaited announcement on benchmark rate mpamag.com Read More ... The cheapest places to buy a house in Canada Where can you find the cheapest places to buy a house in Canada right now? Let's take a look at 2023’s cheapest! mpamag.com Read More ... People are leaving Toronto in droves to buy cheaper houses elsewhere in Canada Not only have unwaveringly high housing prices and interest rates in Toronto kept many people out of the real estate market in the last year, but t... blogto.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. If you no longer wish to receive these Emails, please Unsubscribe Here