🎁 21st Dec 2023 - Using Gift Money As A Mortgage Down Payment? Here’s What To Know

💥 Thursday 21st December 2023 💥 Buyer Mistakes: FREE Report! GTA Real Estate Blaze: Daily Sizzles! "Reveal the Home Potential: Reports & the Freshest New Listings!" "GTA Real Estate Blaze: Daily Sizzles" is your daily dose of the most scintillating and impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of sizzles that highlight 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 "Daily Sizzles" cover a wide range of topics, from heating up market dynamics to sparking investment opportunities and expert analysis. Stay connected and make well-informed decisions with "GTA Real Estate Blaze: Daily Sizzles" as your trusted resource for navigating the dynamic GTA real estate landscape. What are the long-term benefits of investing in Toronto real estate beyond financial returns? Investing in Toronto real estate can offer several long-term benefits beyond financial returns. Here are some key advantages: Stable and Growing Market: Toronto has historically been a stable and growing real estate market. The city's economic strength, diverse job opportunities, and population growth contribute to the demand for housing. Appreciation in Property Value: Over the long term, real estate in Toronto has shown a tendency to appreciate in value. While there can be short-term fluctuations, the overall trend has been positive, providing potential for capital gains. Diversification of Investment Portfolio: Real estate can serve as a valuable diversification tool in an investment portfolio. It often has a low correlation with other asset classes like stocks and bonds, helping to spread risk. Passive Income from Rental Properties: Investing in rental properties can generate a steady stream of passive income. As property values appreciate, rental income can also increase over time, providing a reliable source of cash flow. Hedge Against Inflation: Real estate is often considered a hedge against inflation. As the cost of living rises, so does the value of real assets like property. Real estate investments can help protect against the eroding effects of inflation on the purchasing power of money. Tax Advantages: Real estate investors may benefit from various tax advantages. These can include deductions for mortgage interest, property taxes, operating expenses, and depreciation. Consultation with a tax professional is recommended to maximize these benefits. Potential for Renovation and Improvement: Investing in properties that require renovation or improvement can provide opportunities to increase their value. Adding value through renovations can lead to higher rental income and enhanced resale value. Pride of Ownership: Owning real estate provides a sense of pride and accomplishment. It allows you to contribute to the community, maintain and improve the property, and enjoy the benefits of homeownership. Potential for Generational Wealth: Real estate can be a means of creating generational wealth. Holding onto properties and passing them down through generations can provide financial security for future family members. Community Involvement: Investing in local real estate often involves becoming part of a community. This can lead to increased community involvement and a sense of connection to the neighborhood. Use for Personal Residency: Real estate investments can serve dual purposes. You can enjoy living in a property while it appreciates in value, and later, if you decide to move, you can potentially sell it for a profit. It's important to note that real estate investments come with risks and require careful consideration and due diligence. Consulting with financial and real estate professionals can help you make informed decisions aligned with your long-term goals. Using Gift Money as a Mortgage Down Payment? Here’s What to Know If you plan to use gifted money as the down payment on your first house, be prepared to provide some extra documentation. Sandra MacGregor writes for NerdWallet Canada. Email: CAN-Editorial@NerdWallet.com The post Using Gift Money as a Mortgage Down Payment? Here’s What to Know appeared first on NerdWallet Canada. msn.com Read More ... Buyers are in the 'driver's seat' in almost all of Ontario's markets: RBC Buyers are in the “driver’s seat” in almost all of Ontario’s real estate markets and the “sluggish” conditions are likely to persist into 2024, a recent report from RBC suggests. toronto.ctvnews.ca Read More ... Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada - Mortgage Rates & Mortgage Broker News in Canada If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025. canadianmortgagetrends.com Read More ... The importance of expanding your real estate network in 2024 - REM Knowledge-sharing is such an incredibly valuable tool that many business owners forget about and is perhaps the biggest reason to prioritize networking through 2024 realestatemagazine.ca Read More ... New report shows rental rates on the rise in Windsor While local rents are very high, prices in the Windsor area are still below the national average. windsor.ctvnews.ca Read More ... On the Brink: Nova Scotia has a rent subsidy program. Here’s how it works - Halifax | Globalnews.ca As more tenants in Nova Scotia are feeling the pinch from the rising cost of rent, the provincial government says help is available for those most in need. globalnews.ca Read More ... Looking to rent in London? Now's the time to jump in: Analyst David Aizikov, senior analyst with Rentals.ca, says he expects rents in London and across Canada to increase in the spring lfpress.com Read More ... A guide to building an eco-friendly home - Westmount Magazine A guide to building an eco-friendly Home: What is the importance of building green homes and creating a sustainable haven? westmountmag.ca Read More ... New Oakville rental building provides gym, outdoor barbecue patio - inHalton | Local Online News A new building in Oakville, located between Oakville Place and Sheridan College, is now open to renters. Oakhill, a development by Starlight, is bringing one- and two-bedroom suites and even a few townhomes, to 291 Queens Ave. “With housing becoming more and more of an issue across the country, Starlight is working hard to address […] inhalton.com Read More ... Toronto Home Sales Sink To 15-Year Low For Month Of November As far as Novembers go, last month was a relatively quiet one for Toronto’s real estate market. According to a new report from Chestnut Park Real Estate Ltd. Brokerage, just 4,236 home sales were recorded across the entire Toronto region in the month, and that figure is down 6% on a year-over-year b... storeys.com Read More ... House prices predicted to rise in Burlington in 2024 - inHalton | Local Online News House prices in Burlington are expected to rise by as much as four per cent in 2024 according to new data released by Re/Max. Analysts with the real estate company indicate that coming out of a soft market in 2023 a robust return is anticipated next year with the average home price expected to jump […] inhalton.com Read More ... High rates and prices make it less affordable to own a home in Canada - RBC Thought Leadership Mortgage rate increases and modest appreciation in home prices drove up RBC’s aggregate affordability measure for Canada by 2.8 percentage points to 62.5%. (A rise in the measure represents a loss of affordability.) This reversed a modest improvement in the second quarter. thoughtleadership.rbc.com Read More ... “We sold our house in Fergus, Ontario, and bought an 11-bedroom château in France” Sara and Stephen Cole’s 6,500-square-foot castle came with 37 acres, a 16th-century tower and an outbuilding the size of a two-bedroom house torontolife.com Read More ... Surreal Estate: $3.5 million for an ivory farmhouse in King City on five acres of land What country home would be complete without a room made of logs, a field for horses, a fairytale pond and a stone barn? torontolife.com Read More ... ‘Perfect storm’ of market conditions threatens Vancouver rental projects: CMHC Developers holding back or delaying projects, according to new report biv.com Read More ... Where the Hamilton-Burlington Housing Market is Expected to be in 2024 Demand has softened in the Hamilton Burlington housing market. RE/MAX analyzes what this might mean for 2024. blog.remax.ca Read More ... People in Toronto are asking the City to adopt a new tax on real estate profits While Toronto's housing market may be a little too pricey for the typical "house flip," the nature of our market generally dictates that ... blogto.com Read More ... In today’s market buyers should 'marry the house and date the rate': GTA Realtor As Canadians face higher borrowing costs we are seeing a slowdown in the real estate market. Davelle Morrison, broker at Bosley Real Estate, says sellers are dropping prices and doing anything they can to put their best foot forward. bnnbloomberg.ca Read More ... Alberta Real Estate Association and Real Estate Council of Alberta reach $900,000 settlement agreement - REM The resolution is a significant step towards both organizations operating with mutual professionalism and respect realestatemagazine.ca Read More ... Cutting rates too soon could spur housing market ‘rebound’: Bank of Canada Deliberations from the latest interest rate decision at the Bank of Canada show concerns that a move too early to ease monetary policy could reignite the housing market. msn.com Read More ... Bank of Canada's confidence grows that rates are now high enough, but says inflation risks remain - Mortgage Rates & Mortgage Broker News in Canada The Bank of Canada's six-member Governing Council believes odds have increased that interest rates are now high enough to bring inflation back to target. canadianmortgagetrends.com Read More ... FIRST READING: Rents would be tapering off if not for high immigration, hints BoC governor Under normal circumstances, shelter costs should be dropping ... but an ever-worsening housing shortage is stopping it from happening nationalpost.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. 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