🤔 15th Feb 2024 - Single People Need To Save For Almost Their Entire Adult Lives To Afford A Home In Toronto!

💥 Thursday 15th February 2024 💥 Divorce And Real Estate - FREE Report! GTA Heatwave: Your Daily Real Estate Fix! "Empowering Your Home Vision: Reports & Handpicked Listings!" "GTA Heatwave: Your Daily Real Estate Fix" is your go-to source for staying informed about the latest updates and trends in the Greater Toronto Area (GTA) real estate market. Every day, we deliver curated insights, market analyses, and valuable information directly to your inbox, ensuring you stay up-to-date and well-informed. Whether you're a buyer, seller, investor, or enthusiast, our daily updates cover a wide range of topics to satisfy your need for real estate knowledge. Stay ahead of the curve and make informed decisions with "GTA Heatwave: Your Daily Real Estate Fix" as your trusted companion in navigating the dynamic GTA real estate landscape. What Happens to Real Estate Properties Purchased Before Marriage in the Event of Divorce, and How Are They Treated in Asset Division? In the event of divorce, the treatment of real estate properties purchased before marriage can vary depending on several factors, including the laws of the jurisdiction where the divorce takes place and the specific circumstances of the case. However, some general principles apply: Separate Property vs. Marital Property: Real estate properties acquired before marriage are often considered separate property, meaning they belong solely to the individual who purchased them. However, if the property's value increased during the marriage due to contributions or efforts made by both spouses, it may be subject to division as marital property. Co-Mingling of Assets: If separate property funds were used to pay the mortgage, maintenance, or improvements on the property during the marriage, it may become co-mingled with marital assets, making it subject to division in divorce proceedings. Equitable Distribution: In jurisdictions that follow equitable distribution laws, marital property, including any increase in value of separate property during the marriage, is typically divided fairly but not necessarily equally between the spouses. Factors such as the duration of the marriage, each spouse's financial contributions, and their respective needs may influence the division of real estate assets. Prenuptial or Postnuptial Agreements: If the spouses entered into a prenuptial or postnuptial agreement that addresses the treatment of real estate properties acquired before marriage, the terms of the agreement will generally dictate how the properties are divided in the event of divorce. Court Decisions: If the spouses cannot reach an agreement on the division of real estate properties acquired before marriage, a court may intervene and make a determination based on the relevant laws and the specific facts of the case. Courts will consider factors such as each spouse's financial circumstances, contributions to the property, and any agreements between the parties. It's important for individuals who own real estate properties acquired before marriage and are contemplating divorce to seek guidance from a qualified family law attorney familiar with the laws of their jurisdiction. An attorney can provide personalized advice based on the specific circumstances and help protect their interests during the divorce process. Single people need to save for almost their entire adult lives to afford a home in Toronto If you're a single person in Toronto who hopes to one day own a home, you may want to consider jumping on the "buying with friends and family&... blogto.com Read Now ... Canada's average rent price hit a new record of nearly $2,200 in January - Mortgage Rates & Mortgage Broker News in Canada The average asking rent in Canada continued to creep higher in January, reaching a new record high of nearly $2,200. canadianmortgagetrends.com Read Now ... Rent hits another record high in January as average asking price reaches $2,196 | CBC News The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis. cbc.ca Read Now ... 'It’s a hot topic': Why Windsor is now manually counting each and every housing start Data by the Canadian Mortgage and Housing Corporation (CMHC) indicates the city is falling behind its housing targets. windsor.ctvnews.ca Read Now ... Hefty mortgage payments 'killing the mood' this Valentine's Day Well, this isn't good for love on the eve of Valentine's Day. A recent survey indicates 52.1% of Canadians will be spending less on their r. kelownanow.com Read Now ... This is how long it will take to save for a starter home in Mississauga | insauga People looking to buy a starter home in Mississauga could be well into their 30s, or even 60s if they are single, before they can afford it. insauga.com Read Now ... End of the correction? Canada’s housing market is warming up - RBC Thought Leadership It may be the unusually mild weather or the modest drop in fixed mortgage rates since November—or both—but Canadian house... thoughtleadership.rbc.com Read Now ... Vancouver's short-term rental fee was bumped to $1K. Has it made a difference? The goal of the bylaw is to encourage homeowners to return their properties to the long-term rental market. vancouverisawesome.com Read Now ... Average rental price hits record-high across Canada as costs go up again in Brampton | inBrampton The spike in price was even more pronounced in Brampton with the average rate of a one-bedroom apartment jumping 16 per cent year-over-year. insauga.com Read Now ... Average one-bedroom apartment in Guelph costs $1,979 Guelph ranks 13th most expensive for monthly rental price in a list of 35 Canadian cities guelphtoday.com Read Now ... It could take decades to save for a starter house in Oakville, Burlington, Milton - inHalton | Local Online News Looking to save up to buy a home in Oakville, Burlington or Milton? Well, you better start soon. And that goes double if you’re single. A report from Point2Homes, an online real estate company, took a look at how long it would take the average couple or single person to save up for a down […] inhalton.com Read Now ... Rent prices in Toronto continue to plummet, but that could change soon | Urbanized While rental demand completely outpaced supply in Toronto throughout 2023, there may be some relief for rent prices on the horizon. dailyhive.com Read Now ... Canada’s housing market is ‘starting to turn a corner.’ Are prices rising? - National | Globalnews.ca According to the Canadian Real Estate Association, the housing market has seen an uptick in sales activity despite interest rates being at a 22-year high. globalnews.ca Read Now ... January home sales rise as markets tighten but prices still softening: CREA Home sales rose in an unseasonably warm January to mark a second month of rising activity and softening prices, the Canadian Real Estate Association said Wednesday. cp24.com Read Now ... Home Sales Rise Again in Canada as Falling Prices Attract Buyers - BNN Bloomberg Canadian home sales rose for the second month, with buyers rushing back into the market as speculation builds that prices will rise if the Bank of Canada lowers interest rates later this year. bnnbloomberg.ca Read Now ... January home sales jump 22% from year ago | Advisor.ca It’s the largest gain since 2021, Canadian Real Estate Association reports advisor.ca Read Now ... Rental demand from international students will slow this year, but won't fall: RBC RBC says a recently announced cap on new study permits won't lead to an outright decrease in demand for rental housing from international students this year. cp24.com Read Now ... Canada’s housing market is ‘starting to turn a corner.’ Are prices rising? | Daily Guardian Canada’s housing market is “starting to turn a corner,” the country’s national real estate association says. dailyguardian.ca Read Now ... Average price for Greater Toronto Area real estate hits 36-month low in January The average price for real estate in Toronto and the GTA hit a three-year low to start 2024. bramptonguardian.com Read Now ... Toronto city council approves 9.5% property tax hike | CBC News Toronto city council has approved the city's largest property tax hike in more than 25 years. In a 18 to 8 vote at a special budget meeting on Wednesday, council voted in favour of a 9.5 per cent property tax hike, a rate proposed by Toronto Mayor Olivia Chow.  cbc.ca Read Now ... Buying a Home? Here’s How Much You Can Save Compared With Last Year Folks who bought a home this month saved an “astonishing” amount compared to shoppers who bought last fall, according to a new analysis of mortgage rates. moneytalksnews.com Read Now ... Canada home sales increase again Is the market roaring back to life? mpamag.com Read Now ... Mega mansion on Toronto's Bridle Path has dropped its price by almost $2 million There are a lot of big mansions in The Bridle Path. We've written about a lot of them before. Some are ornate and French Chateau-inspired, others a... blogto.com Read Now ... Canadian Real Estate Market Is Balanced, But Spring Activity Uncertain: BMO - Better Dwelling Canadian real estate markets are seeing activity pick up, but don’t read too much into it. That was the general take from BMO, responding to CREA existing home data for January. Home sales picked up substantially, but the bank warns activity is rising from unusually low levels and winter data is volatile. In addition, the […] betterdwelling.com Read Now ... Interest rates not a barrier to Canada's housing targets, says minister Fraser outlines robust plan to boost construction mpamag.com Read Now ... Ontario making strides in housing supply, urgent action needed to address affordability crisis: OREA - REM OREA's latest report highlights progress in Ontario's housing supply efforts, but urgent action is needed to tackle the affordability crisis realestatemagazine.ca Read Now ... 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