🏡 16th Jan 2024 - Royal Lepage Predicts Canadian House Prices Will Climb 5.5 Per Cent This Year!

💥 Tuesday 16th January 2024 💥 Master The Art of For Sale By Owner! Daily GTA Real Estate Buzz: Hot Picks! "Your Blueprint for Home Success: Reports & the Latest, Desirable Listings!" "Daily GTA Real Estate Buzz: Hot Picks" is your daily guide to the most buzzing and sought-after updates in the Greater Toronto Area real estate market. Each day, we curate a collection of hot picks that showcase the most trending topics, market insights, and critical updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Hot Picks" cover a wide range of topics, from buzzing market dynamics to selecting investment opportunities and expert analysis. Stay informed and make well-guided decisions with "Daily GTA Real Estate Buzz: Hot Picks" as your trusted resource for navigating the dynamic GTA real estate landscape. What are some strategies for pricing my property competitively when selling "For Sale By Owner" in Toronto? Selling a property "For Sale By Owner" (FSBO) in Toronto requires careful consideration of pricing strategies to attract potential buyers. Here are some effective strategies for pricing your property competitively: Conduct a Comparative Market Analysis (CMA): Research recent sales of similar properties in your neighborhood. A CMA helps you understand the current market trends and the prices at which comparable properties have sold. Consider Market Conditions: Take into account the current real estate market conditions in Toronto. Is it a buyer's market, seller's market, or a balanced market? Market conditions can impact your pricing strategy. Set a Realistic Listing Price: Avoid overpricing your property. Buyers are likely to ignore listings that are priced significantly higher than comparable properties. Set a realistic and competitive listing price from the start. Factor in Upgrades and Renovations: If your property has undergone significant upgrades or renovations, consider these improvements when determining the listing price. Highlighting these features can justify a slightly higher price. Get a Professional Appraisal: Hiring a professional appraiser can provide an objective and unbiased assessment of your property's value. This can be valuable information when setting a competitive price. Calculate the Cost per Square Foot: Calculate the cost per square foot of your property. This metric helps buyers compare the value of your property with others in the area. Ensure that the cost per square foot aligns with market norms. Be Open to Negotiation: Acknowledge that buyers often expect to negotiate the price. Price your property slightly higher than your minimum acceptable price to allow room for negotiation. Highlight Unique Selling Points: If your property has unique features or amenities, use them to your advantage when pricing. Emphasize these points to make your property stand out in the market. Monitor Comparable Listings: Stay informed about other FSBO and agent-listed properties in your area. Monitoring comparable listings can help you adjust your pricing strategy if needed. Offer Incentives: Consider offering incentives to attract buyers, such as covering closing costs or including certain furnishings. These incentives can make your property more appealing. Be Mindful of Days on Market (DOM): Properties that remain on the market for an extended period may be perceived as overpriced or undesirable. Monitor the days on market and adjust your pricing strategy if necessary. Use Online Tools and Resources: Leverage online tools and resources to gather information about recent sales and market trends. Websites, such as real estate portals and local property databases, can provide valuable insights. Seek Feedback from Potential Buyers: If you're not getting offers, seek feedback from potential buyers. Understanding their concerns or perceptions of value can help you make informed adjustments to your pricing strategy. Consult with Real Estate Professionals: Even if you're selling FSBO, consider consulting with real estate professionals. They can provide guidance on pricing, market conditions, and effective marketing strategies. Remember that pricing is a critical factor in the success of your FSBO sale. By adopting a strategic approach and staying informed about market dynamics, you increase the likelihood of attracting interested buyers and achieving a successful sale in the competitive Toronto real estate market. Royal LePage predicts Canadian house prices will climb 5.5 per cent this year Canadian house prices are expected to climb about 5.5 per cent by the end of the year, a 2024 forecast from real estate firm Royal LePage says. therecord.com READ MORE ... 7 Ways To Save When Hiring a Home Improvement Contractor Done with DIY? Here’s how you can save some cash when it’s time to call in a pro. moneytalksnews.com READ MORE ... Rent in Toronto declines for third month in a row: report The average price to rent an apartment in Toronto has declined for the third month in a row, according to a monthly report by Rentals.ca. cp24.com READ MORE ... House of the Week: $3.1 million for an Etobicoke sanctuary with a saltwater pool The 3,500-square-foot property comes with a game's room for adults, a floating staircase, a theatre and a big backyard torontolife.com READ MORE ... Client still won’t buy? How to avoid the buyer’s emotional roller coaster pitfalls - REM How you manage their stress will be the difference between a successful, transaction and long-term clients who tell their friends about their amazing agent realestatemagazine.ca READ MORE ... Asking rents jump 8.6% in December to hit record $2,178 on average: report A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but marked an 8.6 per cent jump year-over-year. ctvnews.ca READ MORE ... Need to know: Renting in a rooming house in Ontario Tenants should be aware of how renting in a rooming house differs from having roommates or renting out an entire home. toronto.citynews.ca READ MORE ... Posthaste: Why Canada's housing market could rebound sooner than many expect Buyers will come back before the Bank of Canada cuts rates, says Royal LePage ca.finance.yahoo.com READ MORE ... Canada’s housing market hit an ‘unexpected surge’ heading in 2024. Will it last? - National | Globalnews.ca Canadian home sales picked up steam unexpectedly in December, with one CREA economist saying buyers and sellers came together to get deals done before the end of 2023. globalnews.ca READ MORE ... These cities had biggest new selection of homes for sale in Ontario | insauga With a sluggish market, house-hunters haven't had as many new places to choose from in cities across Ontario. insauga.com READ MORE ... Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution With interest rate cuts likely on the horizon, the Canadian Real Estate Association expects the number of homes changing hands this year to grow following a slowdown in 2023. ctvnews.ca READ MORE ... Canadian house prices ended 2023 higher despite weaker activity Royal LePage believes a market rebound will occur in the current quarter wealthprofessional.ca READ MORE ... Home prices from last quarter rise 4.3% YoY, anticipation for market shift amid potential rate cuts: Royal LePage - REM Buyers in the wings will likely start looking this quarter before expected Bank of Canada interest rate cuts happen realestatemagazine.ca READ MORE ... Relisting at a Higher Price – Does It Work? Selling a home can be tough due to pricing or higher costs. In a balanced market, relisting is more common. blog.remax.ca READ MORE ... Toronto skyscraper makes list of most exciting projects set to complete in 2024 The world is taking notice of the development boom reshaping Toronto's skyline, with one local skyscraper under construction now considered among t... blogto.com READ MORE ... Year-over-year Ontario real estate prices are stable Average prices for single-family homes in Ontario were up 0.9 per cent in December, compared to December of 2022, figures released by the Canadian Real Estate Association Monday show stratfordtoday.ca READ MORE ... Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution With interest rate cuts likely on the horizon, the Canadian Real Estate Association expects the number of homes changing hands this year to grow following a slowdown in 2023. However, experts say they remain cautious about the timing and scale of a potential rebound. CREA updated its 2024 housing forecast on Monday as it also […] toronto.citynews.ca READ MORE ... Canadian home sales jump in December; 2023 sales fall 11.1% Canadian home sales rose in December to end the year on an upbeat note after the market was buffeted by higher borrowing costs in 2023, data from the Canadian Real Estate Association showed on Monday. "While December did offer up a bit of a surprise in sales numbers to cap the year, the real test of the markets’ resilience will be in the spring," Larry Cerqua, chair of CREA, said in a statement. The Bank of Canada has said it could start lowering rates from a 22-year high of 5% this year if core inflation comes down as predicted. ca.finance.yahoo.com READ MORE ... Complaints soar as Enbridge customers face catch-up bills in the thousands | CBC News It wasn't the Christmas gift Karim Guirguis was hoping for. On Dec. 27, the Ajax, Ont., man woke up to a surprise bill from Enbridge Gas for more than $1,600. He's one of a growing number of Ontarians raising concerns about infrequent meter readings and inaccurate billing. cbc.ca READ MORE ... Canadian Real Estate Markets Improved, But Price Are Still Falling: BMO - Better Dwelling Cheaper financing and talk of the end of rate hikes improved markets across the country. Canadian Real Estate Association (CREA) data shows rising home sales in December. Diving into the data revealed a much more mixed picture though, with perceived improvements masking further erosion from last year. The conditions have economists at BMO warning investors […] betterdwelling.com READ MORE ... Home sales expected to rebound as rate cuts begin, but experts urge caution | Advisor.ca Meanwhile, asking rents jumped 8.6% in December to hit record $2,178 advisor.ca READ MORE ... National home sales see first monthly increase since June Is the market about to heat up? mpamag.com READ MORE ... Here's how much an average Toronto home will cost by the end of 2024 After a dismal year of sales, realtors at at least one major brokerage are still maintaining faith that Toronto's housing market (and its prices) w... blogto.com READ MORE ... Canada real estate: Home prices up 4.3% in Q4, with higher prices expected in 2024 "It's quite remarkable that we could have the volume of sales drop by some 20%, and yet home prices have stayed essentially flat," says Royal LePage. 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

📈 15th Dec 2023 - Toronto Home Prices Could Rise By 6 Per Cent Next Year!

💥 Friday 15th December 2023 💥 Rent-To-Own Homes Toronto Greater Toronto Real Estate Elixir: Daily Hot Picks! "Turning Visions into Keys: Expert Reports & Curated Hot Listings!" "Greater Toronto Real Estate Elixir: Daily Hot Picks" is your daily potion for the most potent and sought-after insights in the Greater Toronto Area real estate market. Each day, we distill the hottest trends, market insights, and critical updates, delivering them directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Hot Picks" cover a wide range of topics, from brewing market dynamics to selecting investment opportunities and expert analysis. Stay revitalized and well-informed with the market's elixir through "Greater Toronto Real Estate Elixir: Daily Hot Picks" as your trusted resource for navigating the dynamic GTA real estate landscape. How is the purchase price determined in a rent-to-own arrangement? In a rent-to-own arrangement, the purchase price is typically determined through an agreement between the landlord (seller) and the tenant (buyer) at the outset of the lease. The agreed-upon purchase price is often outlined in the rent-to-own contract, and there are a few common approaches to determining this price: Fixed Purchase Price: The parties agree on a specific purchase price at the beginning of the lease term. This fixed price is often based on the current market value of the property. This approach provides clarity and stability for both parties. Appraisal-Based Purchase Price: The purchase price is determined based on the appraised value of the property at the time the tenant decides to exercise their option to purchase. This approach links the purchase price to the property's market value at a later date, potentially protecting the buyer from overpaying if property values increase. Formula-Based Purchase Price: The purchase price is determined using a predefined formula. This formula may include factors such as the current market value, a percentage increase over time, or changes in certain economic indicators. This approach provides a structured way to adjust the purchase price over the lease term. Negotiated Purchase Price: The buyer and seller negotiate the purchase price at the time the option to buy is exercised. This allows for flexibility based on market conditions, property improvements, or other factors. However, it may introduce uncertainty for the buyer. It's important to note that the rent-to-own agreement typically includes an option fee or consideration, which is a non-refundable upfront payment made by the tenant to secure the option to purchase the property at the agreed-upon price. Additionally, a portion of the monthly rent may be structured as a rent credit, contributing toward the future purchase. Buyers in rent-to-own arrangements should carefully review the terms of the agreement, including how the purchase price is determined, the rights and responsibilities of both parties, and the timeline for exercising the option to buy. Consulting with legal and real estate professionals is advisable to ensure a clear understanding of the contract terms and potential implications. Toronto home prices could rise by 6 per cent next year: Royal LePage forecast Toronto’s real estate market is expected to rebound in 2024 after the higher cost of borrowing weighed on sales over much of the past year, according to a market survey forecast by Royal LePage. cp24.com READ MORE ... Housing prices to rise 4.5 per cent in Ottawa in 2024, Royal LePage says Housing prices will increase by an average of 4.5 per cent in Ottawa by the end of 2024 as the real estate market returns closer to normal next year, according to Royal LePage. ottawa.ctvnews.ca READ MORE ... Posthaste: Get ready for the 'great adjustment' in Canada's housing market Realtors see home prices regaining pandemic peaks once Canadians accept the 'new normal' in borrowing rates ca.finance.yahoo.com READ MORE ... $275K in fines for real estate agents who allowed fraudsters to sell B.C. home that wasn't theirs Four real estate agents and an associated brokerage have agreed to pay a combined $275,000 in penalties to the BC Financial Services Authority for their roles in facilitating a fraudulent transaction. bc.ctvnews.ca READ MORE ... Windsor needs more work on zoning, advocate says in wake of housing decision | CBC News Windsor is "well within its rights" to refuse to make zoning changes that could make the city eligible for millions in federal housing cash, but experts and advocates say the move could impact the city meeting housing targets and increasing affordability.  cbc.ca READ MORE ... Sault Ste. Marie will be a home seller's market in 2024, says RE/MAX The Sault and Windsor poised for largest forecasted increase in residential sales price northernontariobusiness.com READ MORE ... This Toronto floating home is only $800K and comes with actual yard space Ahoy, there! Dream of being the captain of your own ship? Well set sail for an urban waterfront escapade that merges city life with nautical charm!... blogto.com READ MORE ... Massive fire consumes luxurious Toronto home on sale for $14 million Toronto Fire Services battled out a two-alarm residential fire in York Mills on Thursday morning, which engulfed a luxurious home — currently on th... blogto.com READ MORE ... Canadian Real Estate Sellers Rush For The Exit, Softest Month Since 2008 - Better Dwelling Canadian real estate just put an end to any doubt the bubble still has a little life in it. Canadian Real Estate Association (CREA) data shows home prices fell further in November. Soft sales and rising inventory continue to apply downward pressure on values. Owners rushing to sell at an unusual time helped drive the […] betterdwelling.com READ MORE ... What Home Buyers Need to Know about HOAs In Canada, Homeowners’ Associations (HOAs) are not as widespread as in some other countries, like the United States, but they do exist, particularly in cer blog.remax.ca READ MORE ... Depressed or anxious about finances amid inflation and rising rates? You're not alone As rent, mortgage payments, grocery bills and the cost of just about everything else rises, more and more Canadians are feeling the weight — not just on their… nationalpost.com READ MORE ... Home prices fall again as sellers start to back away Average home price in November fell 0.4% to $644,107 from October ca.finance.yahoo.com READ MORE ... Ontario sees bulk of home price drops. These markets are also seeing declines | Globalnews.ca Royal LePage is forecasting a turn to the pandemic home price peaks in 2024, but not every market is expected to see such a turnaround. globalnews.ca READ MORE ... Edmonton's condos among Canada's most affordable Edmonton has been one of Canada’s most affordable real estate markets among major cities for several years now, but a new study reveals it’s also a rock-bottom bargain for condominiums compared with more than three dozen Canadian municipalities. “The condo market has generally been very boring in Edmonton,” says Drew Carlson, realtor with Carlson Real Estate Group at Exp Realty. “In past years, when listing condos, it was hit or miss whether it... msn.com READ MORE ... Canadian housing market expected to reach a tipping point in 2024 Royal LePage sees further price increases ahead especially in second half of the year wealthprofessional.ca READ MORE ... Canadian home sales, listings, prices down in November from a month earlier: CREA TORONTO — Home sales, prices and listings fell in November from a month earlier as many potential buyers and sellers hunkered down to wait for signs of relief on interest rates, the Canadian Real Estate Association said Thursday. Sales fell 0. timescolonist.com READ MORE ... Winter Sets in For Canadian Housing Market; Sales, Prices, New Listings Drop: CREA By Zoocasa Winter Sets in For Canadian Housing Market; Sales, Prices, New Listings Drop: CREA ca.investing.com READ MORE ... Canada’s housing market expected to hit close to normal in 2024: Royal LePage - REM Slight interest rate cuts may help set national aggregate home price increase of 5.5 per cent year-over-year in Q4 of next year realestatemagazine.ca READ MORE ... Canadian Home Sellers Joining Buyers on the Sidelines Encouraging, empowering and enabling REALTORS® in support of Canadian real estate journeys. crea.ca READ MORE ... Provincewide, real estate prices continue to fall Prices for three leading real estate categories fell in November compared to October, data released Thursday by the Canadian Real Estate Association shows. It's the fourth month-over-month fall in a row. cambridgetoday.ca READ MORE ... Can a US private real estate strategy help Canadian investors now? New offering from $80 billion US real estate specialist offers exposures many Canadian investors lack wealthprofessional.ca READ MORE ... Home prices continue to fall under the weight of high interest rates, but affordability not improving - Mortgage Rates & Mortgage Broker News in Canada Both home prices and sales continued to trend downward in November as high interest rates continue to keep many prospective buyers on the sidelines. canadianmortgagetrends.com READ MORE ... Underbidding on homes hits 10-year high in Toronto and here's where buyers offer the least In stark contrast to the days when many Toronto area home sales involved fervent bidding wars, the region now sees more prospective buyers doing th... blogto.com READ MORE ... Mortgage deselection: Can your lender choose not to renew your mortgage?  - Mortgage Rates & Mortgage Broker News in Canada With an estimated three million Canadians facing a mortgage renewal over the next 15 years, many borrowers are asking a very important question: does my lender have to renew my mortgage? canadianmortgagetrends.com READ MORE ... Will Home Prices Bottom in 2024? 4 Canada Housing Market Predictions for Next Year By Zoocasa Will Home Prices Bottom in 2024? 4 Canada Housing Market Predictions for Next Year ca.investing.com READ MORE ... New rules and $300 fee coming for some landlords in Brampton | inBrampton The city will be rolling out a test run of its new residential rental licensing program next year and could result in some Brampton landlords paying $300 in fees every year. insauga.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 Greater Toronto Area 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 Program + 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