🛡️ 26th Jan 2024 - Which Insurance Policies Do I Absolutely Need, And Which Are Nice-To-Haves?

💥 Friday 26th January 2024 💥 Toronto GTA Power Of Sale FREE Listings! Daily GTA Real Estate Roar! "Transforming Your Home Journey: Expert Reports & the Latest Listings!" "Daily GTA Real Estate Roar" is your daily source of the loudest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of updates that make the market roar, featuring 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 "Roar" series covers a wide range of topics, from amplifying market dynamics to roaring investment opportunities and expert analysis. Stay tuned and make well-informed decisions with "Daily GTA Real Estate Roar" as your trusted resource for navigating the dynamic GTA real estate landscape. How Can I Protect Myself As A Buyer When Purchasing A Power-Of-Sale Property? Purchasing a power-of-sale property can offer opportunities for buyers, but it also comes with unique challenges. Here are some tips to help protect yourself as a buyer when dealing with power-of-sale properties: Understand the Power-of-Sale Process: Educate yourself on how the power-of-sale process works in your jurisdiction. Different regions may have variations in the process, and understanding the legal aspects is crucial. Obtain Legal Advice: Consult with a real estate lawyer who is experienced in power-of-sale transactions. They can review the terms of the sale, identify potential risks, and ensure that your interests are protected. Conduct Due Diligence: Thoroughly research the property. Obtain a title search to check for any outstanding liens, mortgages, or legal issues. This will help you understand the property's history and potential complications. Home Inspection: Despite the property being sold as-is, conducting a home inspection is crucial. It can uncover potential issues that may affect the property's value or your decision to proceed with the purchase. Review Property Taxes and Utility Bills: Ensure that property taxes and utility bills are up to date. Unpaid taxes or utility bills could become your responsibility as the new owner. Get Pre-Approved for Financing: Before making an offer, obtain pre-approval for a mortgage. This not only helps you understand your budget but also demonstrates to the seller that you are a serious and qualified buyer. Negotiate Terms and Conditions: Work with your real estate agent and lawyer to negotiate favorable terms and conditions. Address issues such as the closing date, any repairs that need to be made, and the inclusion or exclusion of certain fixtures. Attend the Court Hearing (if applicable): In some jurisdictions, a court process may be involved in the power-of-sale. If so, attend the court hearing to ensure you are informed about the proceedings and any potential changes to the sale. Have a Financing Plan: Be prepared with a solid financing plan. Delays in securing financing can lead to additional costs or even the loss of the property. Be Wary of "As-Is" Sales: Understand that power-of-sale properties are often sold "as-is," meaning the seller may not be responsible for repairs. Factor potential repair costs into your budget. Include Escape Clauses in the Offer: Work with your real estate agent to include specific clauses in your offer that allow you to exit the deal if certain conditions are not met or if issues arise during the closing process. Monitor the Timeline: Power-of-sale transactions often have strict timelines. Stay informed about key dates and deadlines to ensure a smooth process. By taking these precautions and seeking professional advice, you can navigate the power-of-sale process with greater confidence and protect your interests as a buyer. Which insurance policies do I absolutely need, and which are nice-to-haves? With an overwhelming number of insurance types to choose from, it can be difficult to differentiate between the crucial and the nice-to-haves. In his financial advice column for CTVNews.ca, Christopher Liew provides an overview of some of the most popular types of policies and what they cover. ctvnews.ca READ MORE ... Your cottage appraisal came in lower than the purchase price. Now what?  Bankruptcy specialists in Toronto have seen an uptick in homebuyers unable to close on pre-construction properties due to low appraisals. cottagelife.com READ MORE ... Mortgage rates expected to ease, further heating Calgary market Calgary’s already hot real estate resale market could heat up even more as interest rates are forecast to fall by year’s end. “It’s great news,” says Chase Belair, co-founder and principal broker at Nesto. The online mortgage brokerage recently published its 2024 mortgage forecast, pointing to the Bank of Canada possibly cutting its overnight rate in the second half of the year. The central bank’s policy rate generally determines the direction... msn.com READ MORE ... Rent in Mississauga second-most expensive in Ontario in 2023, beating Toronto: report | insauga Apartment rent in Mississauga is now one of the most expensive in Ontario, even outpacing Toronto. insauga.com READ MORE ... Canadian Mortgage Borrowers Will Have To Wait For Rate Relief: BMO - Better Dwelling Canadian real estate markets have been warming up with dreams of cheaper mortgages. Despite the Bank of Canada (BoC) making no changes yesterday, they may have changed expectations. In a note to investors, BMO explained the central bank’s messaging demonstrates cuts are a long way off, potentially backstopping progress made on fixed rates. The bank […] betterdwelling.com READ MORE ... Real estate industry left playing the waiting game after Bank of Canada hold Resurgence in the housing market could bring back interest rate hikes ca.finance.yahoo.com READ MORE ... Under-35 households lead the way in reducing mortgage debt, StatCan reports - Mortgage Rates & Mortgage Broker News in Canada Canada's youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. canadianmortgagetrends.com READ MORE ... The shock of higher mortgage payments could be just around the corner Many homeowner may face higher mortgage payments in the next two years, writes Peter Watson. yorkregion.com READ MORE ... Rental of the Week: $5,200 for a detached in Lawrence Park South with a backyard bench swing The 2,200-square-foot home comes with three bedrooms, a sparkling kitchen, an original oak staircase and a large finished basement torontolife.com READ MORE ... Someone in Brampton is renting out a single bed in the middle of a kitchen | Urbanized The latest "horror rental" spotted in the region is a room being advertised in Brampton for the very low price of $350. dailyhive.com READ MORE ... ANALYSIS | Why the central bank won't circle a date for interest rate cuts | CBC News Canadian households, clobbered by rising interest rates, are desperate for word from the Bank of Canada on when they may start to fall. But central bank governor Tiff Macklem refuses to give them a "false sense of precision." cbc.ca READ MORE ... Viral video of cheap rent prices in Texas has people in Toronto vowing to move A viral TikTok highlighting some of the cheap rent prices in Texas has people second-guessing their commitment to renting in the Greater Toronto Ar... blogto.com READ MORE ... This eccentric $1.7 million house outside Toronto is available for the first time in decades When it comes to real estate in Ontario there's a lot of builder basic homes that are the housing equivalent to a yawn.  This is especially true wh... blogto.com READ MORE ... Canada house price drop risks pushing $46 billion in loans under water New report sheds light on massive issue mpamag.com READ MORE ... Bank of Canada done on rate hikes – but April cut unlikely, says CIBC's Tal Central bank unlikely to start cutting rates before June or July, according to top economist mpamag.com READ MORE ... 9 Things That Can Get Your Home Insurance Canceled Insurers may not want to cover your home for these reasons, but you usually have options. moneytalksnews.com READ MORE ... Toronto could implement new speculation tax on foreign homebuyers starting next year Foreign buyers who want to a purchase a home in Toronto could soon face an even steeper price tag if city council approves a new municipal tax that aims to curb real estate speculation. cp24.com READ MORE ... Foreign homebuyers in Toronto could face a new speculation tax next year Foreign buyers who want to a purchase a home in Toronto could soon face an even steeper price tag if city council approves a new municipal tax that aims to curb real estate speculation. toronto.ctvnews.ca READ MORE ... House of the Week: $2.2 million for a Beaches standout with an eccentric brick façade The 2,200-square-foot property also comes with heated floors, a big red oven, shiplap ceilings and a backyard with garden suite potential torontolife.com READ MORE ... Canadians hoping for mortgage relief disappointed after Bank of Canada keeps interest rate at 5% Canadians are reacting to news that the Bank of Canada will be holding its benchmark interest rate at five per cent. nowtoronto.com READ MORE ... Bank of Canada Drops Threats of Hikes, Shifts Discussion To Cuts - Better Dwelling Canada’s central bank held rates as widely expected, but still surprised. Bank of Canada (BoC) announced they’ll continue to hold the overnight rate at 5.0%, along with continued quantitative tightening (QT). It was believed the central bank would be hawkish, hoping to avoid a repeat of last year that sent inflation (and rates) even higher. […] betterdwelling.com READ MORE ... Bank of Canada holds interest rate, says future talks could revolve around when to begin cuts The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank's decision to hold its key rate at five per cent. cp24.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

🚨 24th Jan 2024 - Is The Toronto Real Estate Market Headed For A Crash?

💥 Wednesday 24th January 2024 💥 Buy With Low or Zero Down Payment - FREE Report! GTA Real Estate Sparks: Daily Firestarter! "Maximizing Home Potential: Reports & Exclusive Listings!" "GTA Real Estate Sparks: Daily Firestarter" is your daily ignition into the hottest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with sparks that fuel 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 Firestarter" series covers a wide range of topics, from igniting market dynamics to sparking investment opportunities and expert analysis. Stay ablaze with the market and make well-informed decisions with "GTA Real Estate Sparks: Daily Firestarter" as your trusted resource for navigating the dynamic GTA real estate landscape. What Level Of Expertise And Knowledge Can I Expect From A Mortgage Broker Compared To A Bank Representative? Both mortgage brokers and bank representatives can offer valuable services when it comes to securing a mortgage, but they operate in different ways, and the level of expertise and knowledge can vary. Here are some general points to consider: Mortgage Broker: Market Access: Mortgage brokers work with multiple lenders, including banks, credit unions, and private lenders. This allows them to provide a broader range of mortgage products and find the best fit for your needs. Variety of Options: Brokers can offer a variety of mortgage products with different terms, rates, and features. They can help you navigate through the options and find a mortgage that suits your financial goals. Negotiation Skills: Brokers often have strong negotiation skills and can negotiate on your behalf with various lenders to secure favorable terms. Personalized Advice: Brokers typically provide personalized advice based on your financial situation and goals. They can recommend mortgage solutions tailored to your needs. Specialized Knowledge: Mortgage brokers specialize in mortgages and stay updated on market trends and changes in lending regulations. They can provide insights into the mortgage landscape. Access to Special Programs: Some mortgage brokers have access to special programs or incentives offered by lenders that may not be widely advertised. Bank Representative: In-House Products: Bank representatives work for a specific financial institution and can provide information on the mortgage products offered by that particular bank. Convenience: Working with a bank can be convenient, especially if you have existing accounts or a relationship with the bank. You may also have access to bundled services. Branch Resources: Bank representatives can provide information about other financial products and services offered by the bank. They may also have insights into the bank's overall approach to customer service. Brand Loyalty: Some individuals prefer working with a bank due to brand loyalty, trust, or the convenience of having all their financial services in one place. In-House Underwriting: Banks often have in-house underwriting, which can simplify the mortgage application and approval process. Considerations: Independence vs. In-House Products: Mortgage brokers operate independently and can explore a wide range of options. Bank representatives promote their institution's products, limiting the scope. Fees: Brokers may charge fees for their services, while bank representatives typically do not charge fees directly related to mortgage services. Comparison Shopping: Mortgage brokers can help you shop around for the best deal, while a bank representative is limited to the products offered by their institution. Ultimately, the level of expertise you can expect depends on the individual professional, whether a mortgage broker or a bank representative. It's essential to interview and evaluate potential mortgage professionals based on their experience, reputation, and how well they understand your financial needs. Is the Toronto Real Estate Market Headed for a Crash? A lot of people are wondering if the Toronto real estate market is heading for a crash in 2024. hgtv.ca READ MORE ... Survey shows 87% of Canadians choose real estate investing over stocks for extra income in 2024 - REM Despite a slower 2023, 62 per cent of respondents show increased interest in Canadian real estate markets realestatemagazine.ca READ MORE ... 5 homes in Oshawa, Pickering and Ajax that just sold for less than $600,000 | inDurham While housing in the Durham Region and the GTA overall is far from cheap, some houses in Oshawa, Pickering and Ajax recently changed hands for less than $600,000–which is much less than the average home price in the region. In fact, recent data from the Central Lakes Association of Realtors (CLAR) indicates the average price […] insauga.com READ MORE ... Here is the rent increase Quebec tenants should expect in 2024 | CBC News The Tribunal administratif du logement (TAL), which is Quebec's rental board, has released its calculations for rent increases in 2024. cbc.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 ... Real estate landscape shifts: Benchmark home prices sharply decline while Ontario cities lead affordability wave - REM Within just five months, most Canadian markets saw a price drop of over three per cent, plus some came in under last year’s prices realestatemagazine.ca READ MORE ... Gingerbread house listing raises awareness and funds to help ease Toronto’s housing crisis - REM The team collected over $4,300 in donations for Mainstay Housing, the city’s largest non-profit housing agency realestatemagazine.ca READ MORE ... What you can get in the GTA for $1M, $2M, and $3M: Backyard resort with a pool and jacuzzi | insauga It’s a new year for Ontario real estate, and Sam McDadi Real Estate is continuing to help new homebuyers find the best options for their price range in major cities like Toronto, Mississauga, Hamilton, Oakville and Niagara-on-the-Lake. As of January 2024, here are the kinds of homes you can get in the GTA in the […] insauga.com READ MORE ... Looking for a house in Calgary? It'll continue to be a seller's market, new forecast says | CBC News It will be a seller's market in 2024, leading to further price growth, according to the annual forecast from the Calgary Real Estate Board. cbc.ca READ MORE ... Calgary home prices to rise 6.5% in a seller’s market: CREB 2024 forecast Sellers in Calgary will likely remain in the driver’s seat for 2024 despite loosening conditions in the city’s housing market, the local real estate board says. Calgary’s real estate market is struggling to keep up with demand despite hitting new highs for housing starts, according to Calgary Real Estate Board’s (CREB) annual outlook report, released Tuesday. Overall, the benchmark price is expected to rise 6.5 per cent over the next year. In... msn.com READ MORE ... Distressed Sales Increasing, Triggered by Interest Rates RE/MAX shares how higher interest rates are influencing the market and increasing the number of distressed sales in Canada. blog.remax.ca READ MORE ... Government looks at factory-built homes to increase supply - BNN Bloomberg The federal government hopes to utilize factory-built homes as one way to rapidly increase Canada’s housing supply, but experts and builders say regulatory issues stand in the way of widespread adoption. bnnbloomberg.ca READ MORE ... Surreal Estate: $4.5 million for a country manor in Caledon with a grand piano room What chalet in a forest would be complete without six bedrooms, a 1,000-square-foot terrace, a saltwater pool and 10 acres of land? torontolife.com READ MORE ... Canada Already In Recession, Hard Landing To Cool Inflation: Oxford Econ - Better Dwelling Canada’s economy isn’t just slowing down, it’s already in recession. That’s the take from prominent macro research firm Oxford Economics, whose latest research brief sees a hard landing coming. In the unlikely event a soft landing occurs, they see higher inflation and even higher interest rates.  Canada Is Already In Recession, Hard Landing Expected The […] betterdwelling.com READ MORE ... Homes sold for $1.1 million, on average, in Bradford last month Barrie and District Association of Realtors data shows that selling price is actually lower than December 2022 figures bradfordtoday.ca READ MORE ... Here's how much you actually need to earn per year to afford a house in Toronto right now Last year was a wild one for real estate in Toronto and across Canada, with steep declines in activity that somehow failed to push prices all that ... blogto.com READ MORE ... First-time buyer prospects a 'big question' for 2024 Could affordability improve in the year ahead? mpamag.com READ MORE ... Will Ontario see any home price relief this year? The province's housing market remains one of Canada’s priciest mpamag.com READ MORE ... When Will the Bank of Canada Start to Cut? This week's Canadian mortgage news and tips from mortgage broker David Larock. movesmartly.com READ MORE ... All these GTA houses sold way below their listing price The latter half of 2023 witnessed many hopeful homebuyers in the GTA taking a step back from the real market as the cost of borrowing made buying a... 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 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