🤷‍♀️ 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

🚧 29th Jan 2024 - Buying Pre-Construction: What If Your Home Is Worth Less Than You Paid?

💥 Monday 29th January 2024 💥 Questions Agents Hate! Toronto's Daily Real Estate Thrive! "Elevate Your Home Journey: Expert Reports & Exclusive Listings Await!" "Toronto's Daily Real Estate Thrive" is your daily guide to thriving in the dynamic landscape of the Toronto real estate market. Each day, we deliver a curated selection of insights, trends, and critical updates directly to your inbox, providing you with the tools and knowledge to navigate the thriving real estate scene. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our daily updates cover a wide range of topics, from emerging market dynamics to thriving investment opportunities and expert analysis. Stay ahead of the curve and make well-informed decisions with "Toronto's Daily Real Estate Thrive" as your trusted companion for navigating the bustling Toronto real estate landscape. Are There Any Specific Strategies Or Marketing Techniques That Your Real Estate Agents Employ To Help Clients In The Competitive Toronto Market? In a competitive real estate market like Toronto, employing effective strategies and marketing techniques is crucial for success. Here are some strategies that real estate agents often use to help clients in the competitive Toronto market: Early Access to Listings: Well-connected real estate agents often have access to listings before they hit the broader market. This gives their clients a competitive advantage by allowing them to view and make offers on properties before others. Networking: Building strong networks within the real estate community is vital. Agents often collaborate, share information, and leverage their connections to find suitable properties for their clients. Digital Marketing: Utilizing digital marketing strategies is essential in today's real estate landscape. This includes promoting listings on popular real estate websites, social media platforms, and through email campaigns to reach a wider audience. Professional Photography and Staging: High-quality photos and well-staged homes can significantly enhance a property's appeal. Agents work with professional photographers and stagers to showcase homes in the best possible light. Knowledge of Local Market Trends: A deep understanding of local market trends allows agents to provide clients with valuable insights. This knowledge helps clients make informed decisions regarding pricing, negotiations, and market conditions. Competitive Pricing Strategies: Agents analyze comparable sales and market conditions to help clients set competitive yet realistic prices for their properties. Strategic pricing can attract more buyers and generate multiple offers. Negotiation Expertise: Negotiation skills are crucial in a competitive market. Experienced agents can negotiate effectively on behalf of their clients to secure the best possible terms, whether buying or selling. Targeted Advertising: Agents use targeted advertising to reach specific demographics or individuals looking for properties in a particular area. This ensures that listings are seen by the most relevant audience. Open Houses and Virtual Tours: Hosting open houses and providing virtual tours are effective ways to showcase properties. This allows potential buyers to get a feel for the home and can generate more interest. Preparation of Strong Offers: In a competitive market, agents work closely with clients to prepare strong and compelling offers. This may include offering a quick closing, flexibility with terms, or providing a larger deposit. Market Updates: Keeping clients informed about market updates, new listings, and recent sales helps them stay ahead of the competition. Agents provide timely information to ensure clients are well-informed. Client Education: Educating clients about the current market conditions and helping them set realistic expectations is crucial. This ensures that buyers and sellers are well-prepared for the competitive nature of the market. By employing these strategies, real estate agents aim to give their clients a competitive edge in the dynamic Toronto real estate market. Each client's situation is unique, so agents tailor their approach to meet individual needs and goals. Buying pre-construction: What if your home is worth less than you paid? - MoneySense Due to rising mortgage rates and falling home prices, some pre-construction home buyers are facing financing issues. Let’s look at their options. moneysense.ca READ MORE ... New B.C. resident stands to lose $82K in developer pre-sale ‘David and Goliath’ fight - BC | Globalnews.ca Sudip Sehgall put almost $82,000 down on a presale townhouse in Surrey in December 2021, which was being built by Streetside Developments. globalnews.ca READ MORE ... Interest rates may have peaked – is it time to jump into the housing market? - National | Globalnews.ca The Bank of Canada's shift in tone on future interest rate decisions could have some would-be homebuyers taking a look at the spring housing market, experts say. globalnews.ca READ MORE ... House of the week: Mississauga home comes with a basement unit | insauga Mississauga house of the week. insauga.com READ MORE ... Home staging companies forced to adapt as sellers pull back in slow housing market TORONTO — One walk through a home tells Rachael Stafford what adjustments are needed to pique the interest of potential buyers. For Stafford, the founder and creative director of organizing and staging company Order in the House, changes can range from decluttering rooms to services like painting and repairs, or even bringing in furniture rentals. […] toronto.citynews.ca READ MORE ... Halton House of the Week: Spectacular views from this custom-built home in Milton - inHalton | Local Online News This Place: Two-acres of country living just outside Milton Price: $2,788,000 Address: 10662 First Line, Milton Bedrooms: 3 Baths: 7 Lot Dimensions: 163.06 x 496.33 feet Taxes: $8,678 Features: Unparalleled luxury with this exquisite, custom-built bungalow. Sprawling two-acre lot with more than 5,000 sq.-ft. of living space. Sun-drenched living room is adorned with coffered, 10-foot […] inhalton.com READ MORE ... What renters and landlords should know about 'cash for keys' deals A backlog of cases at landlord and tenant boards in Canada is allowing tenants to misuse the system, causing expensive issues for landlords who attempt to buy them out, according to a real estate expert. ctvnews.ca READ MORE ... This $2 million sustainable Toronto designer home is magazine-worthy "Born from the chrestomathic school of design, enter into rarified air," starts the listing for 143 Drayton Ave.  For those who don't kno... blogto.com READ MORE ... BREAKING NEWS: New lawsuit hits Canadian real estate industry - REM New lawsuit hits Canadian real estate industry with similar claims to the Sunderland case - stay tuned for more details next week realestatemagazine.ca READ MORE ... Interest rates may have peaked – is it time to jump into the housing market? The Bank of Canada's shift in tone on future interest rate decisions could have some would-be homebuyers taking a look at the spring housing market, experts say. msn.com READ MORE ... Property severance backlog costing time and money, applicants say | CBC News A serious backlog of property severance applications at Ottawa city hall has some landowners waiting in limbo, and they say the holdup is costing them time and money. cbc.ca READ MORE ... B.C. senior wins injunction allowing her to sell Sunshine Coast home A B.C. senior who has spent more than $3.4 million on the construction of a home on the Sunshine Coast has been granted an injunction against the former co-owners of the property, who have contributed only $115,000 to the project. bc.ctvnews.ca READ MORE ... Toronto's ultra-luxury market thriving In Toronto, a total of 8,120 residential homes priced from $1 million to $3.99 million sold last year compared to 9,410 in 2022 Despite high interest rates, inflation, wars and a foreign buyer ban, Toronto’s ultra-luxury real estate market “thrived” last year, Engel & Völkers reports. According to its 2023 Year-End Luxury Real Estate Market Report – which offers insights drawn from data on homes priced from $1 million to $3.99 million and those... msn.com READ MORE ... This Week’s Top Stories: Canada Already In Recession & Limits On Foreign Students - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Do Canada’s Immigrants Stay? Fewer Continue To File Taxes Canada manages to attract a lot of immigrants, but how many are actually staying? Taxfiler data reveals 91% of immigrants that arrived in 2019 filed taxes for that year, but that same group […] betterdwelling.com READ MORE ... This Toronto landmark is on sale for $12 million If walls could talk, "Horsman Hall" would surely have captivating tales to share. Named after its first owner, Harry Horsman, this archit... blogto.com READ MORE ... Kelowna realtor foresees legal action against Province over short-term rental regulations British Columbia’s new short-term rental regulations will go into effect on May 1, 2024, but there may be some noise on the matter before then. kelownanow.com READ MORE ... Will Ontario see any home price relief this year? The province's housing market remains one of Canada’s priciest mpamag.com READ MORE ... N.B. homeowner sees more than 50 per cent increase in property value in three years A homeowner in rural New Brunswick is questioning a big increase in his property assessment. atlantic.ctvnews.ca READ MORE ... This $2 million Toronto triplex has some seriously strange ceilings Nestled on the quiet and enchanting street of Tennis Cres. is this exceptional detached home, which is actually three separate apartments.  Spread ... blogto.com READ MORE ... Toronto Real Estate Dropping as Listings Surge? The Toronto real estate has been at a standstill: price growth has been modest, sales activity solid, and number listings have been mixed blog.remax.ca READ MORE ... This 23-year-old impulsively bought a house on Amazon for $26K. Here’s why he isn't the first and won’t be the last  - NOW Toronto TikTok user @hittaa_jeff shared that he purchased the home for a total of $26,280 in a video that has garnered millions of views nowtoronto.com READ MORE ... 28-year-old first-time homebuyer says ‘it’s a little bit of a crash course’ going from having roommates to being a landlord "I walked into this house that I wound up buying, and within five minutes, I was like, I have to put an offer on it," Leif Jonasson told Fortune. ca.finance.yahoo.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