👿 19th Dec 2023 - The Good Liar: Meet Toronto’s Worst Landlord!

💥 Tuesday 19th December 2023 💥 Extra Home Buying Costs - FREE Report! Toronto's Daily Real Estate Pulse! "Where Wisdom Sparks Opportunity: Free Reports & Prime Listings!" "Toronto's Daily Real Estate Pulse" is your daily rhythm into the heartbeat of the Toronto real estate market. Each day, we bring you a curated compilation of the most crucial trends, market insights, and impactful updates directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Real Estate Pulse" covers a wide range of topics, from pulsating market dynamics to seizing investment opportunities and expert analysis. Stay in tune and make well-informed decisions with "Toronto's Daily Real Estate Pulse" as your trusted resource for navigating the dynamic Toronto real estate landscape. Can you provide a breakdown of the extra costs to be aware of when buying a home in Toronto and explain how they can impact my overall budget? When buying a home in Toronto, it's important to consider various extra costs beyond the purchase price. These additional expenses can impact your overall budget significantly. Here's a breakdown of common extra costs: Land Transfer Tax (LTT): Toronto has its own municipal land transfer tax in addition to the provincial one. The amount is based on the purchase price of the property. First-time homebuyers may be eligible for rebates. Legal Fees and Disbursements: You'll need a lawyer to handle the legal aspects of the transaction. Legal fees cover their services, and disbursements include various costs incurred during the process. Home Inspection Fees: While not mandatory, a home inspection is highly recommended. Home inspection fees are paid to a professional inspector to assess the condition of the property. Appraisal Fee: If your lender requires an appraisal to assess the property's value, you may need to cover the appraisal fee. Title Insurance: Title insurance protects against potential issues with the property's title. While not mandatory, it's often recommended and comes with a one-time premium. Property Insurance: Mortgage lenders typically require property insurance to protect against damage. The cost can vary based on the property's location and value. Adjustments: You may need to reimburse the seller for prepaid property taxes, utility bills, or other costs that extend beyond the closing date. Homeowner's Association Fees: If the property is part of a condominium or a homeowners' association, you may have ongoing fees for maintenance and shared amenities. Mortgage Default Insurance: If your down payment is less than 20% of the purchase price, you may need to pay for mortgage default insurance, such as Canada Mortgage and Housing Corporation (CMHC) insurance. Moving Costs: Budget for the cost of hiring a moving company or renting a truck if you plan to move your belongings to the new property. Utility Hookup Fees: Fees for connecting utilities such as water, electricity, gas, and internet may apply when you move into a new property. Renovations or Repairs: If the property needs immediate renovations or repairs, budget for these costs. Closing Adjustments: Your lawyer may need to make adjustments for prepaid expenses like property taxes or utilities that the seller has paid in advance. Goods and Services Tax (GST) or Harmonized Sales Tax (HST): If you're buying a new construction home, these taxes may apply. Some rebates may be available. It's crucial to account for these costs when budgeting for your home purchase. Working with a real estate professional and a financial advisor can help ensure that you have a comprehensive understanding of the financial aspects of buying a home in Toronto. The Good Liar: Meet Toronto’s worst landlord Carolyn Krebs (alias Carolyn Goodman, alias Marian Linton) is the owner of 500 Dawes, one of the city’s most complained-about apartment buildings. She ignores work orders, falsifies documents and evicts tenants without cause. How one woman is making a killing off a system that’s too broken to stop her torontolife.com READ MORE ... Canadians still confident in housing as best investment; 0.5% price jump expected next year: Re/Max - REM "The slower market we've been experiencing across the country this fall could be an early indicator of an active 2024" realestatemagazine.ca READ MORE ... Canada rental prices in November| CityNews Vancouver A report says the average asking price for a rental unit in Canada in November was relatively flat from October, but 8.4 per cent more year-over-year. vancouver.citynews.ca READ MORE ... Interest rate hikes impact rental housing construction and supply Our analysis reveals that developers are adapting to the financial conditions challenging purpose-built rental housing projects — learn more. cmhc-schl.gc.ca READ MORE ... Canadian Real Estate Sellers Rush For The Exit, Softest Month Since 2008 - Better Dwelling Canadian real estate just put an end to any doubt the bubble still has a little life in it. Canadian Real Estate Association (CREA) data shows home prices fell further in November. Soft sales and rising inventory continue to apply downward pressure on values. Owners rushing to sell at an unusual time helped drive the […] betterdwelling.com READ MORE ... Canadian Housing Affordability 2nd Worst In History, Recession To Follow: BMO - Better Dwelling Canadian real estate is rarely this out of reach, and it’s always followed by recession. That was the take from BMO, noting further erosion in the Bank of Canada (BoC) Housing Affordability Index (HAI) in Q3 2023. Higher rates are finally slowing down the pace at which it worsens, but it hasn’t been this bad […] betterdwelling.com READ MORE ... The 10 Most Expensive Celebrity Real Estate Transactions of 2023 The top spot goes to a musical power couple who nabbed the most expensive home ever sold in California this year ca.finance.yahoo.com READ MORE ... 6 dreamy lofts for sale in Toronto right now If you're looking for your next dream home in the city, you’ll want to see these six spectacular lofts for sale right now in Toronto.   streetsoftoronto.com READ MORE ... Here’s How Much Inventory Grew Across the GTA in 2023 | Zoocasa Blog Inventory issues persisted throughout much of 2023 for the Greater Toronto Area, however now that the market has become more balanced new listings are catching up with demand. See where active listings have increased the most in Toronto in this in-depth market report. zoocasa.com READ MORE ... Canadian “Systemic Risk” Due To CLP Mortgages Is Bigger Than You Think - Better Dwelling Canada’s problems with a little-known risky mortgage product are more significant than expected. OSFI, the country’s bank regulator, has targeted combined loan plans (CLPs) for the past few years. CLPs enable interest-only payments, allowing borrowers to carry mortgage debt perpetually. The regulator called these a “systemic risk” that inflates home prices, so it’s clearly a […] betterdwelling.com READ MORE ... Annual rent in Vancouver rises to $3,171 in November Rent across region up 0.7% from the same month one year ago biv.com READ MORE ... The silver lining of Canada’s real estate market recession - REM Supply is no longer outpacing demand — sellers aren’t flooding the market with supply against decreasing prices and sales volume realestatemagazine.ca READ MORE ... Annual rent increases slowing as average asking price reaches $2,174 in November A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year. ctvnews.ca READ MORE ... Rent increases slowing in Canada. Here’s where price hikes are cooling most - National | Globalnews.ca The average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year, a report says. globalnews.ca READ MORE ... More than numbers: Exploring mortgage delinquencies and their impact on homeowners and realtors - REM It’s not always easy, but borrowers could sell to access equity, rent, make pre-payments when possible and start long-term financial planning realestatemagazine.ca READ MORE ... Things to remember if planning to seek a mortgage - The Mortgage Gal As we move into the busiest part of the holiday season, mortgages are the last thing on most peoples’ minds. castanet.net READ MORE ... Can Canadian homeowners stay on top of mortgage payments in 2024? TD economist says despite rising costs, most people are riding the waves wealthprofessional.ca READ MORE ... 13,000 CIBC mortgage clients have come out of negative amortization - Mortgage Rates & Mortgage Broker News in Canada Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization. canadianmortgagetrends.com READ MORE ... Amid little short-term rental enforcement, Toronto community group books room for evidence Frustrated about the lack of enforcement of apparently illegal short-term rental units operating in Toronto’s Kensington Market neighbourhood, a community group took matters into their own hands – and appears to have gotten results. toronto.ctvnews.ca READ MORE ... Rents are rising faster in Quebec than in the rest of the country: report The average posted price for a housing rental rose at an annual rate of over 10 per cent in November in Quebec, higher than the Canadian average. montreal.ctvnews.ca 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 | 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 | SearchHousesForSale.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

🤷‍♂️ 18th Dec 2023 - A Brampton Tenant Has Racked Up $30K In Unpaid Rent And Still Won't Leave, Landlord Says!

💥 Monday 18th December 2023 💥 11 Home Inspection Pitfalls - FREE Report! GTA Real Estate Hotline: Daily Buzz! "Empowering Your Home Tale: Reports & Sought-After Listings!" "GTA Real Estate Hotline: Daily Buzz" is your direct line to the latest buzz and impactful updates in the Greater Toronto Area real estate market. Every day, we provide you with a curated collection of buzzing insights 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 Buzz" covers 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 Hotline: Daily Buzz" as your trusted resource for navigating the dynamic GTA real estate landscape. What should I do if the home inspection reveals significant problems or defects in the property I'm interested in buying in Toronto? If a home inspection reveals significant problems or defects in a property you're interested in buying in Toronto, it's a critical juncture in the homebuying process. Here are steps you can consider taking: Review the Inspection Report: Carefully review the inspection report provided by the home inspector. Pay attention to major issues that could impact the safety, habitability, or value of the property. Consult with the Home Inspector: Contact the home inspector to discuss their findings. They may provide additional insights or recommendations on how to address specific issues. Understand the Severity of Issues: Determine the severity of the problems identified. Some issues may be minor and easily remedied, while others may be more substantial and costly. Negotiate Repairs or Price Reduction: Based on the inspection report, consider negotiating with the seller to address the identified issues. You can request that the seller make necessary repairs before closing or ask for a reduction in the purchase price to account for the cost of repairs. Request Seller Concessions: Instead of repairs or a price reduction, you may negotiate for seller concessions, such as offering credits at closing to cover the cost of repairs or improvements. Obtain Quotes for Repairs: If you choose to negotiate repairs, obtain quotes from contractors to estimate the cost of fixing the issues. This information can be valuable during negotiations. Consider Your Options: Depending on the severity of the problems, you may need to assess whether you're comfortable proceeding with the purchase as is, negotiating for repairs, or potentially walking away from the deal. Consult with Your Real Estate Agent: Seek advice from your real estate agent, who can provide guidance on navigating negotiations and may assist in communicating with the seller's agent. Include Contingencies in the Offer: In future offers, consider including contingencies that allow you to withdraw from the deal or renegotiate if the inspection reveals significant issues. Your real estate agent can help structure these contingencies. Legal Advice: If negotiations become complex or if there are legal implications, consult with a real estate attorney to ensure that your rights and interests are protected. Remember that the specific steps may vary based on the terms of the purchase agreement and the laws in Ontario. It's crucial to communicate openly with the seller and work toward a resolution that is fair and reasonable for both parties. A Brampton tenant has racked up $30K in unpaid rent and still won't leave, landlord says Latest news coverage, email, free stock quotes, live scores and video are just the beginning. Discover more every day at Yahoo! ca.yahoo.com Read Now ... Expect Canadian real estate market to come 'unstuck' in 2024 Vancouver realtor Steve Saretsky and John Pasalis of Realosophy Realty offer their forecasts for the year ahead in real estate. Watch here. countyweeklynews.ca Read Now ... Still too early to talk about rate cuts, BoC's Macklem says - Mortgage Rates & Mortgage Broker News in Canada While Bank of Canada Governor Tiff Macklem says weakness in 2024 will lead us back to a balanced economy, he added it remains too early to start talking about rate cuts. canadianmortgagetrends.com Read Now ... This couple custom-built their Calgary home for aging in place - Macleans.ca And their son lives in a granny suite behind the main house macleans.ca Read Now ... This Week’s Top Stories: Canadian Real Estate Owners Rush To Exit After A Risky Mortgage Boom - Better Dwelling This week's top stories include Canadian real estate investors rushing for the exit, a risky mortgage boom, and mortgage rates have peaked. betterdwelling.com Read Now ... Could this one-staircase building help B.C.’s housing crisis? Industry experts say one-stair apartments could unlock more flexible means of building housing but should exceed current safety measures vancouverisawesome.com Read Now ... B.C. mortgage broker fined $50K, suspended 3 months for 'misleading' applications A B.C. mortgage broker has agreed to pay more than $50,000 to a professional regulator after admitting to submitting "misleading" applications to lenders. bc.ctvnews.ca Read Now ... Tenants beware: Ontario's rental control cap may not apply to you. Here's what you need to know Ontario tenants who feel their rent was raised improperly can contest the increase at the Landlord and Tenant Board. thestar.com Read Now ... Torontonians react to minor drop in average rent Locally, the average rent for all property types in Toronto was $2,913 in November, down just 2.4 per cent year-over-year. nowtoronto.com Read Now ... Bank of Canada governor says 2024 likely to be 'transition' year as economy slows, inflation falls Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. ctvnews.ca Read Now ... Will ‘wartime’ home program work in Hamilton, Ont.? Market analysts raise questions - Hamilton | Globalnews.ca The federal government dusted off a Second World War-era plan to up the pace of home construction in Canada, but some local specialists are unsure whether it's a fit for Hamilton. globalnews.ca Read Now ... This $1.6 million Toronto home for sale looks like it's straight out of San Francisco Everyone who's ever been to San Francisco knows the famous Painted Ladies on Steiner St.  The Victorian and Edwardian houses painted with multiple ... blogto.com Read Now ... Underbidding now taking place in many real estate markets across Ontario: realty company | Globalnews.ca Interest rates are continuing to have an effect on the Ontario real estate market as at least one realty company is seeing changes in buying patterns as well as those of realtors. globalnews.ca Read Now ... Sale of B.C. home without owner's consent leads to $300K in penalties for real estate professionals Latest news coverage, email, free stock quotes, live scores and video are just the beginning. Discover more every day at Yahoo! ca.yahoo.com Read Now ... Calgary home prices to increase again in 2024 | CityNews Calgary The price of houses and condos in Calgary are expected to jump again in the new year, according to data from Royal LePage. calgary.citynews.ca Read Now ... The 'American Dream' has a price tag most people can no longer afford, analysis finds The traditional milestones of a middle class lifestyle in America costs $3.4 million dollars over a person’s lifetime nationalpost.com Read Now ... B.C. court decision explains story behind $750K listing for half of 5-bedroom Richmond house A recent B.C. Supreme Court decision is shedding some light on a bizarre real estate listing offering "undivided half interest" in a five-bedroom home in Richmond for $750,000. bc.ctvnews.ca Read Now ... Zoning, building codes may hamper Ottawa’s housing catalogue: experts The federal government has a new plan to release a set of blueprints that can cut down on red tape and see housing built quickly across the country, if everyone will get on board. msn.com Read Now ... Bank of Canada will cut three times next year to bring rate to 4.25%, Deloitte predicts Latest news coverage, email, free stock quotes, live scores and video are just the beginning. Discover more every day at Yahoo! ca.yahoo.com Read Now ... What's ahead for Canada's economy, interest rates and real estate: FP Video investigates Economists and real estate experts offer their take ca.finance.yahoo.com 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 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 | 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