👣 25th Mar 2024 - As Condo Prices Soar, Landlords Are Incentivizing Torontonians To Move Into Basements!

💥 Thursday 28th March 2024 💥 Rent-To-Own Homes Toronto Toronto's Daily Real Estate Buzz: Hot Edition! "Chart Your Path to Home Success: Expert Reports & Prime Listings!" "Toronto's Daily Real Estate Buzz: Hot Edition" delivers a daily dose of excitement and insights from the vibrant Toronto real estate scene. Each edition is carefully crafted to bring you the latest updates, trends, and opportunities in the market, ensuring you stay informed and inspired. Whether you're a seasoned investor, first-time buyer, or simply curious about the real estate landscape, our hot edition provides the essential buzz to keep you ahead of the curve. Don't miss out on the excitement – stay tuned to "Toronto's Daily Real Estate Buzz: Hot Edition" for your daily fix of real estate news and updates. What are the potential risks and drawbacks for tenants entering into rent-to-own agreements, and how can they mitigate these risks effectively? Entering into rent-to-own agreements can offer potential benefits for tenants, but there are also risks and drawbacks to consider. Here are some potential risks and strategies to mitigate them effectively: Higher Monthly Payments: Rent-to-own agreements often involve higher monthly payments compared to traditional rental agreements, as a portion of the rent goes towards building equity in the property. Tenants should carefully assess their budget and ensure they can afford the increased payments. Mitigation: Before entering into a rent-to-own agreement, tenants should thoroughly review their finances and budget to ensure they can comfortably afford the higher monthly payments. Consider working with a financial advisor to assess the affordability and long-term financial implications. Property Value Changes: The value of the property may change during the rent-to-own period, affecting the ultimate purchase price. If property values decline, tenants may end up paying more for the property than it's worth. Mitigation: Tenants should conduct thorough market research and consult with real estate professionals to assess the potential for property value changes in the area. Negotiate a purchase price that reflects current market conditions and consider including provisions in the agreement to adjust the purchase price based on appraised value at the time of purchase. Maintenance and Repairs: Tenants may be responsible for maintenance and repairs during the rent-to-own period, similar to traditional homeownership. Unexpected repair costs can strain finances and disrupt the rent-to-own arrangement. Mitigation: Clarify maintenance and repair responsibilities in the rent-to-own agreement and ensure that both parties understand their obligations. Consider negotiating a home warranty or including provisions for shared maintenance costs to mitigate financial risk. Default Risk: If tenants fail to meet the terms of the rent-to-own agreement, such as missing rent payments or not exercising the option to purchase, they may lose the option fee and any accumulated equity in the property. Mitigation: Tenants should carefully review the terms of the rent-to-own agreement, including the consequences of default, before signing. Ensure that the agreement clearly outlines the conditions for default and any remedies available to both parties. Market Conditions: Changes in the real estate market, such as fluctuations in property values or interest rates, can impact the desirability and affordability of the rent-to-own arrangement. Mitigation: Stay informed about local market conditions and economic trends that may affect the rent-to-own agreement. Consider consulting with real estate professionals or financial advisors to assess the potential impact of market changes and adjust your strategy accordingly. Overall, tenants considering rent-to-own agreements should conduct thorough due diligence, carefully review the terms of the agreement, and seek professional advice to mitigate potential risks effectively. By understanding the risks and implementing appropriate risk management strategies, tenants can make informed decisions and maximize the benefits of the rent-to-own arrangement. As condo prices soar, landlords are incentivizing Torontonians to move into basements - NOW Toronto Basement apartment rentals in Toronto appear to be on the rise and they’re getting more luxurious everyday.  nowtoronto.com READ MORE ... Canada's building more condos than ever. Why are rents still so high? Aled ab Iorwerth, deputy chief economist at the CHMC, told CTV News that even though construction of new homes in Canada's six largest cities remains near an all-time high, much more is needed for prices and rents to stabilize. ctvnews.ca READ MORE ... Realtors open doors for Canada’s real estate consumers - REM When challenges arise – like the NAR settlement in the U.S. – it can be easy to think that because something’s wrong, something must be broken realestatemagazine.ca READ MORE ... A lawsuit wants to change the way you pay your Realtors. What to know - National | Globalnews.ca Earlier this month, the National Association of Realtors in the United States agreed to do away with policies that for decades helped set agent commissions. globalnews.ca READ MORE ... Remote work and how it’s shaping where people are now buying homes in Ontario | Globalnews.ca Home sales prices across Ontario and the proportion of employees working remotely are both down from record highs but remain elevated from pre-pandemic levels. globalnews.ca READ MORE ... How to Make Your Home More Attractive to Buyers, According to Calgary Real Estate Pros - Avenue Calgary Using archetypical homes found in the Calgary market, local real estate agents share their insights on what you should and shouldn't do before listing. avenuecalgary.com READ MORE ... Ottawa becoming a rental city, CMHC report suggests Rental housing dominated construction in Ottawa last year, according to a new report from the Canada Mortgage and Housing Corporation (CMHC). ottawa.ctvnews.ca READ MORE ... Retirees: Is it time to downsize, even in this real estate market? Your home is your sanctuary, but it’s also one of your biggest budget items. And after you retire, it may feel like more house than you need. But in this housing market, when a smaller home with upgraded features may be about as expensive as the one you’re selling, is it still smart to downsize? […] toronto.citynews.ca READ MORE ... 'Rain tax': People in Toronto could end up paying for the rain that falls on their property The stormwater charge (to give it its proper name) would mostly reduce water bills for apartment and condo buildings thestarphoenix.com READ MORE ... LACKIE: Toronto real estate market stalled as sellers unmotivated to drop prices More of the same. That would be the simplest way to describe how the Toronto real estate market fared in the month of November, based on stats released last week by the Toronto Regional Real Estate Board in their Market Watch report. “High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last... msn.com READ MORE ... Ontario home construction levels up, but still far off pace for 1.5M target TORONTO — The pace of new home construction is picking up in Ontario, though it is still far off the levels needed for the government to achieve its pledge to build 1.5 million homes by 2031, the budget released Tuesday shows. guelphtoday.com READ MORE ... On the map: “Smart-sized” units in North York “won’t be filled with renters” Developer believes the 246 condo suites and townhomes starting in the high $600s will appeal primarily to homeowners seeking “all the space they need” nationalpost.com READ MORE ... Toronto homebuilding is lagging behind other cities: report “In Ontario, we really haven’t seen much in the way of sort of positive housing reforms,” said housing expert Mike Moffatt. “We often think of interest rates as a key role in the housing slowdown…, but interest rates aren’t any different in Vancouver than they are in Toronto.” ipolitics.ca READ MORE ... Vintage ad of Toronto house selling for under $17k sparks discussion about cost of living The prospect of owning a home has sailed far beyond reach for many in Toronto, but there was a time in the not-too-distant past when even blue-coll... blogto.com READ MORE ... Wedge-shaped condo tower to soar 46 storeys above Toronto neighbourhood Though the Eglinton Crosstown LRT remains offline long past its initial projected opening, the wave of development spurred by the new transit line ... blogto.com READ MORE ... ASK THE MONEY LADY: Shedding years off an amortization Paying off debt is a tremendous accomplishment, one that we should all strive for sooner rather than later, writes Christine Ibbotson. thelondoner.ca READ MORE ... Renters’ Bill of Rights: Canada to Add On-time Rent Payments in Credit Score, Disclose Historic Pricing | To Do Canada In an effort to alleviate the housing challenges faced by many Canadians, Prime Minister Justin Trudeau has announced the introduction of a Canadian Renters’ Bill of Rights... Read more » todocanada.ca READ MORE ... The Best Week to List Your House for Sale in 2024 Planning to sell your home? Find out when four factors come together to make for the optimal selling conditions. moneytalksnews.com READ MORE ... Huge Richmond Hill mansion with Versailles vibes drops its price by $2 million If you've ever dreamed of living in a French Chateau but find yourself firmly rooted in the GTA, this estate might just be the answer to your archi... blogto.com READ MORE ... Here are the condo buildings with the highest and lowest maintenance fees in the GTA Condo maintenance fees are among the countless costs of living in Toronto that have surged fiercely in the last few years, with a recent investigat... blogto.com READ MORE ... Ontario home construction rises Still, pace is well off target mpamag.com READ MORE ... Will the Bank of Canada cut rates before the Fed? Economists foresee BoC taking the lead as sluggish growth prompts early rate adjustments 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 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

🔓 19th Mar 2024 - Rooming Houses Will Now Be Legal Across Toronto!

💥 Tuesday 19th March 2024 💥 FREE Home Evaluation Toronto GTA GTA Firestarter: Daily Real Estate Buzz! "Empowering Your Home Journey with Expert Reports & Fresh Listings!" "GTA Firestarter: Daily Real Estate Buzz" ignites your daily journey through the Greater Toronto Area (GTA) real estate market. Each day, we spark discussions, uncover trends, and provide you with the hottest updates to keep you informed and inspired. Whether you're a buyer, seller, investor, or simply passionate about real estate, our daily buzz delivers the insights you need to stay ahead of the curve. Get ready to ignite your real estate journey with "GTA Firestarter: Daily Real Estate Buzz." How do real estate professionals determine the accuracy and reliability of the information provided in a free market evaluation, especially in rapidly changing markets? Real estate professionals use various methods to determine the accuracy and reliability of information provided in a free market evaluation, particularly in rapidly changing markets. Here are some common approaches: Comparative Market Analysis (CMA): Real estate professionals conduct a CMA to assess the current market value of a property by comparing it to similar properties that have recently sold in the area. They analyze factors such as location, size, condition, and amenities to determine the property's value relative to comparable sales. Local Market Knowledge: Real estate professionals have in-depth knowledge of local market trends, including supply and demand dynamics, inventory levels, and pricing patterns. They stay informed about recent sales, active listings, and market conditions in the area to provide accurate evaluations. Data Analysis Tools: Real estate professionals utilize data analysis tools and software to access comprehensive market data, including historical sales data, property listings, and pricing trends. These tools help them identify patterns, track market fluctuations, and make informed assessments of property values. On-Site Evaluation: Real estate professionals conduct on-site evaluations of properties to assess their condition, features, and amenities firsthand. They consider factors such as curb appeal, interior layout, upgrades, and overall maintenance to accurately evaluate the property's market value. Adjustments for Market Conditions: Real estate professionals adjust their evaluations to account for changing market conditions, such as fluctuations in demand, interest rates, or economic factors. They may apply adjustments based on the pace of market activity, buyer preferences, and other relevant factors to ensure the evaluation reflects current market realities. Consultation with Appraisers: In cases where additional expertise is needed, real estate professionals may consult with licensed appraisers to validate their evaluations. Appraisers provide independent assessments of property values based on rigorous appraisal standards and guidelines, offering an additional layer of credibility to the evaluation process. Client Consultation: Real estate professionals maintain open communication with their clients throughout the evaluation process, soliciting feedback, addressing concerns, and clarifying expectations. They collaborate with clients to ensure the evaluation accurately reflects their property's unique attributes and market positioning. By combining their expertise, local market knowledge, data analysis tools, and consultation with appraisers, real estate professionals can effectively determine the accuracy and reliability of information provided in a free market evaluation, even in rapidly changing markets. This comprehensive approach ensures that clients receive reliable and informed assessments of their property's market value. Rooming Houses Will Now Be Legal Across Toronto | Realinsights As of March 31, 2024, rooming houses will be legal across Toronto. This will create more affordable housing and improve unregulated rooming houses. gta-homes.com READ MORE ... Housing in Canada: Home sales in February up nearly 20% compared with year ago The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago. ctvnews.ca READ MORE ... Home prices in Ontario are somehow rising less drastically than any other province Ontario may be home to some of the most expensive and most competitive cities for real estate in Canada, but the province is actually getting a bre... blogto.com READ MORE ... February home sales dipped 3.1% while prices stayed flat, CREA says | CBC News February home sales dipped to 3.1 per cent while home prices stayed flat from the previous month, according to the Canadian Real Estate Association. cbc.ca READ MORE ... Provincewide, home prices stop falling Ontario home prices stabilized in February, ending a five-month fall that began last summer, figures released by the Canadian Real Estate Association Monday show. guelphtoday.com READ MORE ... Housing prices in Canada and Ontario likely to see end of declines this spring | insauga Recent trends in the Canadian housing market have been unpredictable, to say the least. That is until now, when just last month, the Canadian Real Estate Association (CREA) noted a substantially stable period between January and February, breaking a months-long trend of price declines established last fall.  As indicated in the report — which uses […] insauga.com READ MORE ... Posthaste: Canadian renters are getting squeezed more than homeowners, putting the property ladder further out of reach Residential real estate drove almost half of the wealth gained over past three decades ca.finance.yahoo.com READ MORE ... Canada's home prices stabilize following five-month decline Home prices in February remained unchanged from the previous month, ending a streak of five consecutive declines, says CREA. Read more chathamdailynews.ca READ MORE ... Edmonton rent increases are highest in Canada Alberta's biggest cities are leading the pack as the cost of rent continues to rise across the country, according to a new report by Rentals.ca. For the second month in a row, Edmonton has seen the highest levels of rent inflation among major Canadian municipalities, with Calgary posting the second-highest rate. CBC’s Emily Fitzpatrick takes a look at what's behind the surge. cbc.ca READ MORE ... Homeowners, realtors should take steps to protect against title fraud: experts It's been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you're in default and now owe money comes as a shock. cp24.com READ MORE ... House of the Week: $1.5 million for a St. Clair walk-up with its own retail on the street The 1,800-square-foot property also comes with heated floors, front and back parking, industrial design and recovered art torontolife.com READ MORE ... 'Iconic' Mississauga home hits real estate market at $9 million and is now the most expensive available in Peel region, includes elevator, 24 parking spots, pool and jacuzzi Property hit the market this month. mississauga.com READ MORE ... Mortgage temperature check: Canadians watching for a turning point in the housing market Spring means increased activity, warmer prospects, and a surge of buyer confidence in the real estate market. Will Canadians take advantage of potential rate cuts? rates.ca READ MORE ... The evidence leaves no doubt — rent controls hurt rental supply They lead to a slowdown in construction and a deterioration in supply hurting future tenants ca.finance.yahoo.com READ MORE ... Analysis: Average Prices for Detached Homes in Toronto Neighbourhoods By Zoocasa Analysis: Average Prices for Detached Homes in Toronto Neighbourhoods ca.investing.com READ MORE ... There are the neighbourhoods in Toronto where you can buy a house below the average price As home sales and selling prices continued to edge upward in Toronto throughout February, prospective buyers operating under a tight budget might'v... blogto.com READ MORE ... Homebuying activity slows across Canada New data shows first slowdown for three months mpamag.com READ MORE ... Canadian Wealth Driven By Housing, Outpaced Income Up To 13x: RBC - Better Dwelling Canadians have seen their wealth surge through a simple act—just paying their mortgages. The problem, according to the country’s largest bank, is that one person’s inflated housing wealth is another person’s hurdle to shelter. RBC warns the issue is now so bad, the vast majority of people will never be able to afford to buy […] betterdwelling.com READ MORE ... Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages - Better Dwelling If you’ve ever thought that using a payday loan to pay off a credit card was a good idea, you’re about to be all kinds of impressed. The Government of Canada (GoC) has begun buying billions in Canada Mortgage Bonds (CMBs), in a last ditch effort to stimulate more borrowing. The planned purchases are equivalent […] betterdwelling.com READ MORE ... 8 Things Every Homeowner Needs to Know How many of these important things do you know about? moneytalksnews.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