📈 9th Nov 2023 - Canada's Landlords now asking a Record-breaking Average of $2,078 per Month: Rental Report!

💥 Thursday 9th November 2023 💥 Rent-To-Own Homes Toronto Daily GTA Real Estate Unearthed: Hot Edition! "Reveal the Real Estate Potential: Reports & the Freshest Listings!" "Daily GTA Real Estate Unearthed: Hot Edition" is your daily expedition into the most remarkable and heated developments in the Greater Toronto Area real estate market. Each day, we embark on an adventure to unveil the hottest trends, market insights, and uncovered news, delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Hot Edition" covers a wide range of topics, from unearthing hidden opportunities to expert analysis and emerging market trends. Join us in the journey to unearth the potential of GTA real estate and stay informed with "Daily GTA Real Estate Unearthed: Hot Edition" as your trusted companion. What is the typical duration of a Rent-To-Own agreement in Toronto? The typical duration of a Rent-To-Own (RTO) agreement in Toronto can vary depending on the specific terms negotiated between the tenant-buyer and the property owner or investor. However, RTO agreements commonly have a duration that falls within the range of 2 to 5 years. Here's a breakdown of the factors that can influence the duration of an RTO agreement: Negotiation: The length of the RTO agreement is often a matter of negotiation between the tenant-buyer and the property owner. It can be influenced by the buyer's financial situation, credit repair goals, and the owner's investment objectives. Credit Improvement: Many tenant-buyers enter into RTO agreements with the goal of improving their credit and financial stability. The duration of the agreement may be set based on the time needed to achieve specific credit score or financial goals. Option Period: The RTO agreement includes an option period during which the tenant-buyer can choose to purchase the property. This period typically lasts throughout the duration of the agreement. Purchase Price: The purchase price of the property at the end of the RTO agreement is typically determined at the outset of the agreement. The agreed-upon price can influence the length of the RTO term. Market Conditions: Market conditions, such as property values and interest rates, can impact the decision to exercise the option to purchase. Tenant-buyers and property owners may consider these conditions when determining the duration. Compliance with the Agreement: The tenant-buyer is expected to comply with the terms of the RTO agreement, including rental payments and responsibilities for property maintenance. Meeting these obligations can affect the option to purchase at the end of the term. It's important for both parties to clearly outline the terms of the RTO agreement in a legally binding contract. This contract should include the agreed-upon duration, rental payments, purchase price, and other relevant terms. Additionally, tenant-buyers should consider working with a real estate attorney to ensure that the agreement protects their interests and adheres to local and provincial laws. As RTO agreements can be complex, it's advisable to seek legal advice and work with experienced professionals, including real estate agents and financial advisors, to navigate the process and determine the most suitable duration for your specific situation. Canada's landlords now asking a record-breaking average of $2,078 per month: rental report According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase. ctvnews.ca READ MORE ... Spotlight:Have to renew your mortgage before rates drop? So much for timing. Here are some options for faster budget relief. cambridgetoday.ca READ MORE ... How to check if that house on the market in Canada isn't infamous or haunted Web sites can offer a wealth of information on the history of a property, but you may also need to visit an old-fashioned physical archive. nationalpost.com READ MORE ... 'The Bugatti of luxury': Milton house on sale for $14.4 million the most viewed home in Canada with 11 bathrooms, glass elevator and 95-car garage, according to Zoocasa Top of the list insidehalton.com READ MORE ... Buyers take ‘upper hand’ in some of Canada’s most expensive housing markets - National | Globalnews.ca Canada's housing markets are slowing under the weight of higher interest rates this fall, with an RBC report arguing that's giving some buyers more choice. globalnews.ca READ MORE ... Posthaste: The risk of forced home sales is rising in Canada, warns economist Increase in the number of insured mortgages being refinanced with non-bank lenders raises red flags ca.finance.yahoo.com READ MORE ... Latest in mortgage news: Lenders cut select fixed rates by up to 30 bps - Mortgage Rates & Mortgage Broker News in Canada Mortgage providers across the country have been dropping fixed mortgage rates throughout the week in response to a sharp decline in bond yields. canadianmortgagetrends.com READ MORE ... How to navigate Canada’s ‘daunting’ mortgage market amid higher rates | Daily Guardian This article is part of Global News’ Home School series, which gives Canadians the basics they need to know about the housing market that they never dailyguardian.ca READ MORE ... Developer wants to build a tower above an iconic 130-year-old Toronto building An almost 130-year-old building designed by one of the most important architects in Toronto history could be transformed into the base of a new stu... blogto.com READ MORE ... Italy to seize $835m from Airbnb in tax evasion inquiry Prosecutors say the firm failed to collect a 21% tax from landlords on rental income. ca.finance.yahoo.com READ MORE ... How long buyers need to save up for a down payment in the country’s most affordable cities Most cities require under 5 years’ savings but some are closer to 8 years, depending on home prices and household incomes realestatemagazine.ca READ MORE ... Under Asking: "Buyers are calling the shots these days." Three realtors on why they sold at a discount Their properties include a detached red brick steps from U of T, a pristine semi in Greektown and a Junction Victorian with plenty of green space torontolife.com READ MORE ... Toronto Real Estate Brokerage Placed Under Receivership After Fraud Allegations - Better Dwelling Two years after fraud allegations first hit, a court is finally taking control of a brokerage’s assets. An Ontario judge has placed Wynn Realty Corp under receivership as of October 25th. Realtor Courtney “Lynn” Simpson and her broker/husband Kenneth Simpson are alleged to have defrauded dozens of clients. This isn’t the Realtor’s first rodeo either—she […] betterdwelling.com READ MORE ... Canada plans to convert public buildings into new 2,800 homes amid shortage The Canadian government on Tuesday announced plans to convert six federal properties into 2,800 new homes by March and said it was accelerating a process to identify more public buildings for home conversion as the country grapples with a housing shortage. The construction would include affordable housing and, combined with previously announced projects for the next five years, Ottawa is now on track to double the number of affordable homes built in the past 30 years, Public Services Minister Jean-Yves Duclos told a news conference. "The housing crisis that we are living now is a product of decades of under-construction," Duclos told reporters in Ottawa. ca.sports.yahoo.com READ MORE ... 'EXQUISITE': These Toronto homes and condos are among the most viewed in Canada with prices ranging from $472,000 to nearly $10 million, according to Zoocasa Real estate brokerage Zoocasa has released their list of the most viewed homes in October, with five in Toronto making the list toronto.com READ MORE ... The Move: A former Toronto renter becomes a first-time homeowner—in St. John's - Macleans.ca Hayley Shaughnessy was one of many Ontarians who recently headed east to achieve her homeownership dreams.  She hasn't looked back. macleans.ca READ MORE ... A Growing Number of GTA Homebuyers Are Choosing to Walk Away from Their Massive Deposits In the preconstruction real estate industry, a growing concern has emerged as homebuyers face difficulties closing their property transactions, leading thedeepdive.ca READ MORE ... Buyers take ‘upper hand’ in some of Canada’s most expensive housing markets - National | Globalnews.ca Canada's housing markets are slowing under the weight of higher interest rates this fall, with an RBC report arguing that's giving some buyers more choice. globalnews.ca READ MORE ... Earth-shattering court decision: Will it make buyer agents extinct? Nothing’s certain, but Canadian brokerages should be prepared to respond to an evolving market where traditional commission structures... realestatemagazine.ca READ MORE ... Will B.C.'s short-term rental crackdown really work? | CityNews Vancouver A look at B.C.'s Short-Term Rental Accommodations Act that makes it a step beyond other North American efforts. vancouver.citynews.ca READ MORE ... Cautious optimism greets P.E.I.'s new rent-to-own home program | CBC News A housing advocate is among those saying that P.E.I.'s new rent-to-own program will help Islanders, but he feels home ownership shouldn't be the only way to access housing. cbc.ca READ MORE ... The 5 best neighbourhoods in Toronto for people looking to buy their first condo The average Toronto condo will run you a pretty penny — costing $736,566 as of the third quarter of 2023 — but that sticker price is far from the o... 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 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 • OLD Fan Page: Rent to Own Homes GTA • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials 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

🤑 8th Nov 2023 - Grants available when Buying or Retrofitting an Eco-Friendly Home!

★ Wednesday 8th November 2023 ★ How To Sell A Home That Didn't Sell! Greater Toronto Real Estate Insights: Daily Fuel! "Creating Your Real Estate Triumph: Reports & Irresistible Listings!" "Greater Toronto Real Estate Insights: Daily Fuel" is your daily source of fueling your knowledge and insights in the Greater Toronto Area real estate market. Every day, we provide you with a power-packed dose of market insights, trends, and essential information delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our daily fuel covers a wide range of topics, from market dynamics to investment opportunities and expert analysis. Stay fueled with the latest market knowledge and make informed decisions with "Greater Toronto Real Estate Insights: Daily Fuel" as your trusted source for navigating the dynamic GTA real estate landscape. Why didn't my Home Sell in its previous Listing? Several factors can contribute to a home not selling in its previous listing. While I don't have specific information about your property or its previous listing, here are some common reasons why homes may not sell: Overpricing: One of the most common reasons for a home not selling is overpricing. If the listing price is significantly higher than the market value, potential buyers may be discouraged or not even consider the property. It's crucial to work with a real estate agent who can help you determine the appropriate listing price based on the current market conditions. Inadequate Marketing: Effective marketing is essential to attract potential buyers. If the previous listing did not have high-quality photos, a compelling description, or a well-executed marketing plan, it may have gone unnoticed by potential buyers. Property Condition: The condition of the property, both inside and outside, can significantly impact its sale. If the home is in disrepair, has maintenance issues, or lacks curb appeal, it can deter buyers. Location: The location of a property plays a significant role in its marketability. Factors such as proximity to amenities, schools, transportation, and safety can affect a home's appeal to buyers. Timing: Market conditions and timing can influence a property's sale. If the previous listing occurred during a slow real estate season or when the market was saturated with similar properties, it might not have sold. Accessibility: If the property was difficult to access for showings, it could have limited potential buyers from viewing it. Seller's Motivation: A seller's motivation to negotiate and close a deal can influence the outcome. If the seller was not flexible on terms, pricing, or negotiation, it could have hindered the sale. Competition: The presence of similar or more attractive properties in the market can divert attention away from your home. It's essential to evaluate the competition in your area. Economic Factors: Broader economic factors, such as interest rates and the overall health of the economy, can affect the real estate market. Economic downturns or uncertainty can impact buyers' decisions. If your home did not sell in its previous listing, it's essential to reevaluate these factors, make necessary adjustments, and work with a knowledgeable real estate agent to relist the property successfully. An experienced agent can provide insights, offer a fresh perspective, and help you develop a strategy to address any shortcomings in the previous listing. It's also an opportunity to ensure that your home is competitively priced, well-marketed, and in good condition to attract potential buyers. Grants available when buying or retrofitting an eco-friendly home - The Mortgage Gal Recently I attended a CMHC learning session about the enhancements to its Eco Plus program and the rollout of its Eco Improvements program. castanet.net READ MORE ... Uncertainty over interest rates keeping London-area home sales in check Despite a record number of new listings, October was a quiet month for homes sales in the London area as buyers watch interest rates lfpress.com READ MORE ... Montreal home sales in October down 2% from year ago level The Quebec Professional Association of Real Estate Brokers say home sales in the Montreal area in October fell two per cent compared with the same month last year to their second-lowest level since it began compiling market data in 2000. montreal.ctvnews.ca READ MORE ... House of the Week: $4.8 million for a Parisian townhouse by Bellwoods with too many chandeliers to count This 2,400-square-foot property also comes with a main suite fit for a palace, two fireplaces, a basement unit and a fancy garage torontolife.com READ MORE ... 5 of the least expensive homes sold in Mississauga | insauga Here are the five least expensive places sold in Mississauga in October. insauga.com READ MORE ... Canadian realtor sued for selling $8M house with dark past to NBA star Shai Gilgeous-Alexander Shai Gilgeous-Alexander aims to annul Ontario mansion purchase due to visits linked to ex-occupant Aiden Pleterski's alleged crypto scam nationalpost.com READ MORE ... A Third of Canada Would Re-Elect The Liberals If Mortgage Costs Fell - Better Dwelling Being overly indebted is as Canadian as hockey, maple syrup, and mortgage fraud. Naturally, a new poll from Abacus reveals debt costs may be the deciding factor in the next election. The poll found a third of people would change their vote and re-elect the Liberals for a cheaper mortgage. Talk about voting with their […] betterdwelling.com READ MORE ... 5 most affordable homes that just sold in Oakville and Burlington - inHalton | Local Online News While housing isn’t exactly cheap in the Halton Region (Oakville, Burlington, Milton and Halton Hills), some properties recently sold for less than $600,000–far below the average prices seen in all four municipalities. According to real estate website and brokerage Zoocasa, the average price in Burlington climbed to $1,140,816 in October–a 8.72 per cent increase over […] inhalton.com READ MORE ... Market participants expect first rate cut as early as April 2024 - Mortgage Rates & Mortgage Broker News in Canada A survey of influential economists and analysts shows many are expecting the Bank of Canada’s first rate cut by April 2024. canadianmortgagetrends.com READ MORE ... Down payment for a second home in Canada: How much do you need? - MoneySense Second homes and rental properties have their own down payment requirements. Here’s what to expect when buying a second property. moneysense.ca READ MORE ... How worried should mortgage borrowers be about renewing at higher rates? Despite understandable concerns, specific advice can set minds at ease, says top broker mpamag.com READ MORE ... Where does opportunity currently lie in Canada's housing market? The buyer's market of today is masking pent-up demand, Leah Zlatkin says mpamag.com READ MORE ... Here's how much it costs to rent a one-bedroom apartment in Metro Vancouver this November The priciest Canadian cities in which to rent are almost all located in Metro Vancouver. vancouverisawesome.com READ MORE ... B.C. tenant and her housesitters sued by landlord for fire in rental suite Housitters knocked over a cooking pot on a hot plate, causing fire, smoke and water damage, according to a lawsuit filed in BC Supreme Court o.canada.com READ MORE ... The GTA badly needs homes, but most neighbourhoods are barely growing - The Hub The geographic distribution of housing stock growth between 2016 and 2021 was highly concentrated within a three-kilometre radius of Union Station and on the urban fringe—34 kilometres from Union Station and beyond. thehub.ca READ MORE ... Of Mice and Men: Who’s Responsible when a Home is Infested with Pests or Rodents?   | In the News | Éducaloi From the bed bug invasion in Paris cinemas to the booming mouse population in Montreal, some of your tenants may end up with unwanted “roommates”. While pest control is your responsibility, can you ask your tenants for compensation in certain cases?  Financial compensation and obligation to keep the unit in good condition  Whatever the pest […] educaloi.qc.ca READ MORE ... Ask the Expert: What you need to know as a first-time home buyer If you’ve decided to take steps towards making a purchase, there are government programs that may help. ca.finance.yahoo.com READ MORE ... BoC to begin rate cuts by 2024's second quarter, market players say Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year 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 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 • OLD Fan Page: Rent to Own Homes GTA • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials 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