🚨 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

🛒 14th Dec 2023 - We Are Approaching A Buyers’ Markets With No Buyers! [Video]

💥 Thursday 14th December 2023 💥 Toronto GTA Power Of Sale FREE Listings! GTA Real Estate Eruption: Daily Heat! "Charting Your Course: Free Reports & the Freshest New Listings!" "GTA Real Estate Eruption: Daily Heat" is your daily dose of the most explosive and impactful updates in the Greater Toronto Area real estate market. Each day, we deliver a curated eruption of the hottest trends, market insights, and critical updates directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Heat" covers a wide range of topics, from fueling market dynamics to sparking investment opportunities and expert analysis. Stay ignited and make well-informed decisions with "GTA Real Estate Eruption: Daily Heat" as your trusted resource for navigating the dynamic GTA real estate landscape. What are the differences between buying a power-of-sale property and a traditional sale? Buying a power-of-sale property (also known as a bank sale or bank-owned property) differs from a traditional sale in several ways. Here are key differences: Seller: Traditional Sale: In a traditional sale, the property is sold by the homeowner. Power-of-Sale: In a power-of-sale, the sale is initiated by the lender (usually a bank) because the homeowner has defaulted on their mortgage payments. Negotiation Process: Traditional Sale: Negotiations typically take place directly with the homeowner or their real estate agent. Power-of-Sale: The negotiation process may involve the lender or their representative. The buyer deals with the financial institution that holds the mortgage. Condition of the Property: Traditional Sale: The property is usually occupied, and the owner is responsible for its maintenance. The condition may vary. Power-of-Sale: The property might be vacant or poorly maintained. Buyers may need to account for potential repairs or deferred maintenance. Contingencies and Conditions: Traditional Sale: Buyers can negotiate various contingencies and conditions, such as home inspections and financing. Power-of-Sale: The process may be more streamlined, and there might be fewer opportunities for contingencies. Buyers may need to accept the property in its current condition. Timeline: Traditional Sale: The timeline for closing is typically more flexible and negotiable. Power-of-Sale: There may be a more rigid timeline. The lender may want a quicker sale to recoup their investment. Financing: Traditional Sale: Buyers can use various financing options, and the sale is often contingent on the buyer securing a mortgage. Power-of-Sale: Buyers may need to demonstrate that they have pre-approved financing. Some power-of-sale properties are sold "as-is," and traditional mortgage financing might be challenging if extensive repairs are needed. Price: Traditional Sale: The price is usually negotiated between the buyer and seller. Power-of-Sale: The lender sets the price based on the outstanding mortgage amount and may not negotiate as much as in a traditional sale. Terms and Conditions: Traditional Sale: The terms and conditions of the sale are negotiated between the buyer and seller. Power-of-Sale: The terms and conditions may be dictated more by the lender. It's crucial for buyers to conduct thorough due diligence, including a home inspection, when considering a power-of-sale property. While these properties can sometimes offer opportunities for discounts, they also come with potential risks and complexities. Consulting with a real estate professional experienced in handling power-of-sale transactions can be beneficial. We are approaching a buyers’ markets with no buyers: CIBC’s Benjamin Tal Looking ahead to Canada's housing markets in 2024 and beyond, Benjamin Tal, deputy chief economist at CIBC says, housing market activity will continue to deteriorate and won’t rebound until early to mid-2025. bnnbloomberg.ca READ MORE ... Canada’s population growth outpaces available housing by 40 per cent: Q&A with Engel & Völkers - REM “Building up small towns, government incentives and shifting developer priorities could be key to addressing challenges and ensuring a balanced and sustainable housing ecosystem” realestatemagazine.ca READ MORE ... Renting in Canada – what's happening to rates? Increase comes despite slowdowns in Vancouver and Toronto mpamag.com READ MORE ... Bank of Canada Is Pushing A False Real Estate Narrative To Divert Blame: BMO - Better Dwelling Canadians briefly thought the country’s central bank was owning up to, and correcting its mistakes. That pipedream had a bucket of cold water poured on it Thursday, as Bank of Canada (BoC) deputy governor Gravelle’s speech referred to a “long standing housing supply issue.” Adopting a popular but false political narrative didn’t sit right with […] betterdwelling.com READ MORE ... Canadian Mortgage Rates Peaked, Won’t Go Back To 2019 Levels: BMO - Better Dwelling North American interest rate hikes are now largely out of the picture, and rate cuts are the new story. That was the take from BMO after the Bank of Canada (BoC) announced a hold on the 6th, with the US Federal Reserve expected to do the same on the 13th. Now the question on everyone’s […] betterdwelling.com READ MORE ... This $4M Toronto home was built by the same man who built a famous U of T building Nestled in the heart of Toronto's coveted Rosedale neighbourhood is a renovated heritage home that can totally charm the pants off you. 22 Maple Av... blogto.com READ MORE ... Average rent for Hamilton apartments and condos tops $2,000 a month One-bedroom units rented for an average of $1,846 a month in November. thespec.com READ MORE ... Burlington commits to allowing fourplexes and waiving fees on low-income housing to get more homes built in the city - inHalton | Local Online News The City of Burlington reiterated its commitment to getting more homes built in the city at a Dec. 12 council meeting by promising to move forward with its plans to allow fourplexes (homes with up to four units), waive parking minimums in two areas, waive fees on lower-income housing and developing a Community Improvement Plan […] inhalton.com READ MORE ... Rents Up 8% Annually in Canada Despite Slowdown in Vancouver and Toronto By Staff December 13th, 2023 BURLINGTON, ON   The National Rent Report charts and analyzes monthly, quarterly and annual rates and trends in the rental market on a national, provincial, and mu… burlingtongazette.ca READ MORE ... P.E.I. man sentenced to 6 months after rental, construction fraud | CBC News A Stratford, P.E.I., man has been sentenced to six months in jail for multiple cases of fraud that left several Islanders out more than $60,000. cbc.ca READ MORE ... Town announces virtual tool to help homeowners plan rental units ADUSearch now includes Collingwood as a searchable municipality, and can tell users whether their house qualifies for an accessory dwelling unit collingwoodtoday.ca READ MORE ... On the Brink: Halifax-area landlords say housing crisis is harming them too | Globalnews.ca Two landlords in the Halifax area are calling for government solutions to the housing crisis, saying they’re not equipped to absorb extra costs as the cost of living rises. globalnews.ca READ MORE ... Mortgage refinance demand jumps 19% after rates hit lowest level since July Applications for mortgages to buy homes were also higher compared with the previous week. msn.com READ MORE ... Mortgage interest payments up nearly 90% since start of BoC rate hikes: StatCan - Mortgage Rates & Mortgage Broker News in Canada Mortgage interest payments have now soared nearly 90% since the Bank of Canada started hiking interest rates in early 2022. canadianmortgagetrends.com READ MORE ... New rules will allow offers on home purchasing to be made public Daniel Steinfeld, co-founder of On The Block Realty, joins BNN Bloomberg to discuss the new open bidding rule in Ontario. bnnbloomberg.ca READ MORE ... Here's where experts predict housing prices in Ontario will drop the most in the New Year Yet another 2024 housing outlook for Ontario and Canada at large has been released, with more experts predicting that the nation's stubborn real es... blogto.com READ MORE ... Housing affordability at worst levels in 41 years, Bank of Canada index shows - National | Globalnews.ca The Bank of Canada's housing affordability index reached its worst levels in more than four decades last quarter as home prices rose alongside mortgage rates. globalnews.ca READ MORE ... Here's why cottagers may need to file a Underused Housing Tax return for 2022 While the Underused Housing Tax is aimed at non-Canadian residents, cottagers with joint ownership arrangements are getting caught in the crosshairs. cottagelife.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 ... Mortgage refinance demand jumps 19% after rates hit lowest level since July Applications for mortgages to buy homes were also higher compared with the previous week. msn.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 | 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