🔄 17th Jan 2024 - Fixed Or Variable Mortgage Rate: Which Should You Choose In 2024?

💥 Wednesday 17th January 2024 💥 FREE Home Evaluation Toronto GTA GTA Real Estate Elixir: Daily Insights! "Navigating Success: Insightful Reports & Exclusive New Listings!" "GTA Real Estate Elixir: Daily Insights" is your daily potion for the most potent and sought-after insights in the Greater Toronto Area real estate market. Each day, we distill the hottest trends, market insights, and critical updates, delivering them directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Insights" cover a wide range of topics, from brewing market dynamics to selecting investment opportunities and expert analysis. Stay revitalized and well-informed with the market's elixir through "GTA Real Estate Elixir: Daily Insights" as your trusted resource for navigating the dynamic GTA real estate landscape. How long does a free home evaluation typically take, and what is the process involved? The duration of a free home evaluation can vary based on several factors, including the size and condition of the property, the complexity of the evaluation process, and the specific approach used by the real estate professional conducting the evaluation. However, a typical free home evaluation often takes approximately 30 minutes to an hour. Here's a general overview of the process involved in a free home evaluation: Initial Contact: You reach out to a real estate agent or company offering free home evaluations. This can often be done through their website, a phone call, or an in-person visit. Scheduling an Appointment: The real estate professional schedules a convenient time to visit your property and conduct the evaluation. This may involve coordinating with your availability. Property Inspection: During the evaluation, the real estate professional visits your home and conducts a thorough inspection. They assess various aspects of the property, including its size, condition, layout, features, and any recent renovations or improvements. Comparative Market Analysis (CMA): The real estate professional performs a Comparative Market Analysis (CMA), comparing your property to similar properties in the neighborhood that have recently sold or are currently on the market. This analysis helps determine the fair market value of your home. Consideration of Unique Features: The professional considers any unique features or upgrades your property may have that could impact its value. These could include recent renovations, special amenities, or distinctive architectural elements. Local Market Trends: The real estate professional takes into account current market trends and conditions in the local real estate market. This includes factors like supply and demand, recent sales data, and economic indicators that may influence property values. Discussion and Recommendations: After the evaluation, the real estate professional discusses their findings with you. They provide a recommended listing price based on their assessment of your property's value and the prevailing market conditions. They may also offer insights into strategies for optimizing your property's appeal to potential buyers. Documentation: In some cases, the real estate professional may provide documentation summarizing the evaluation and the recommended listing price. This documentation can serve as a reference and may be useful if you decide to move forward with selling your property. It's important to note that while a free home evaluation is a valuable service for understanding your property's market value, the final decision on the listing price remains yours. Additionally, obtaining evaluations from multiple real estate professionals can provide you with a broader perspective on your property's value in the current market. Fixed or variable mortgage rate: Which should you choose in 2024? - MoneySense After nearly two years of interest rate increases, cuts may be on the horizon—here’s what that means for current and prospective home owners. moneysense.ca READ MORE ... The most expensive cities in Ontario for rent this month | insauga Apartment rents increased to record levels across Canada last year but some cities and towns are more expensive than others in Ontario. insauga.com READ MORE ... Average rent in Canada continues to rise anually for third month The cost of rent in Canada is treacherous, and new data shows it’s continuing to get more expensive to secure an apartment. nowtoronto.com READ MORE ... Asking rents in Canada reach record high in 2023 Rates jumped 22 per cent over last two years, representing an average monthly increase of $390 cambridgetoday.ca READ MORE ... Rent Increases: all residential property types in Canada increased by 9% in 2023. By Staff January 16, 2024 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 munic… burlingtongazette.ca READ MORE ... Here's how much it cost to rent an apartment in Ottawa in December The January rent report from Rentals.ca and Urbanation shows the average cost to rent a purpose-built apartment or condominium in Ottawa was $2,228 in December 2023, down from $2,238 in November. ottawa.ctvnews.ca READ MORE ... This is Where Home Prices Are Dropping Most in Canada This Winter If you’re in the market to buy or sell a home, staying informed about market trends is crucial. A newly released Zoocasa report, which examined 21 prominent home markets across the country, indicates a three percent national decline in the $760,600 benchmark price for Canadian real estate markets since June 2023. “Toronto, Vancouver, Ottawa, and […] The post This is Where Home Prices Are Dropping Most in Canada This Winter appeared first on HGTV... msn.com READ MORE ... Brampton home sales offer glimpse into recent real estate market 'bloodbath' Whether you’re looking to purchase a home or trying to sell one, it’s tough out there. Byers and sellers are being understandably cautious with everyone worried about interest rates. Two homes on the same northwest Brampton street that were up for sale 2 1/2 years apart had significantly different selling prices, showing just how much the real estate market has changed. X user @ShaziGoalie, who regularly posts “weird and wonderful happenings” in... msn.com READ MORE ... Condo of the Week: $4 million for an ivory penthouse in Port Credit steps from the waterfront The 4,000-square-foot unit comes with two family rooms, a wraparound balcony and a verdant rooftop patio torontolife.com READ MORE ... Year-over-year Ontario real estate prices are stable Average prices for single-family homes in Ontario were up 0.9 per cent in December, compared to December of 2022, figures released by the Canadian Real Estate Association Monday show. cambridgetoday.ca READ MORE ... Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution With interest rate cuts likely on the horizon, the Canadian Real Estate Association expects the number of homes changing hands this year to grow following a slowdown in 2023. However, experts say they remain cautious about the timing and scale of a potential rebound. CREA updated its 2024 housing forecast on Monday as it also […] halifax.citynews.ca READ MORE ... Ottawa aggregate home prices rose 4.8% in 2023 but fell in Q4, Royal LePage says The aggregate price of a home was $754,700 at the end of December, the real estate company said. While that was up from the start of the year, it represented a 1.1 per cent decrease from the third quarter, Royal LePage said. obj.ca READ MORE ... Canadian housing starts jumped 18% in December - National | Globalnews.ca The national housing agency says the seasonally adjusted annual rate of housing starts for December was 249,255 units, up from 210,918 in November. globalnews.ca READ MORE ... Year-over-year Ontario real estate prices are stable Average prices for single-family homes in Ontario were up 0.9 per cent in December, compared to December 2022, figures released by the Canadian Real Estate Association show haltonhillstoday.ca READ MORE ... Calgary real estate to see increased inventory | CityNews Calgary A Calgary real estate expert expects sidelined buyers to resume their home searches this year amid likely rate cuts by the Bank of Canada. calgary.citynews.ca READ MORE ... Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution Year-over-year Canadian home sales jumped in December despite an overall slump in buying, reminiscent of the years following the 2008 housing crisis, according to data from the Canadian Real Estate Association. iheartradio.ca READ MORE ... Three strategic opportunities for Canada’s real estate industry in 2024 - REM This year, real estate leaders should make new investments in advocacy, fight for higher professional standards and champion the homeownership dream for all Canadians realestatemagazine.ca READ MORE ... 2023 sets record for the worst year for home sales in the GTA in 23 year - OMNI According to the Toronto Regional Real Estate Board, 2023 was the worst year for home sales in the Greater Toronto Area since 2000. omnitv.ca READ MORE ... BC residents not losing homes due to high mortgage interest rates, yet “The banks are doing everything they can not to foreclose." infotel.ca READ MORE ... Spotlight: Deep freeze in December Guelph real estate market Beth and Ryan Waller, Guelph REALTORS® discuss the slow December market and what's to come in the near future. guelphtoday.com READ MORE ... Asking rents jump 8.6% in December to hit record $2,178 on average: report A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but marked an 8.6 per cent jump year-over-year. ctvnews.ca READ MORE ... Toronto rental prices have dipped slightly. Could a property tax hike change that?   | CBC News Toronto's average rental price appears to be plateauing around the $2,800 per month mark, new data shows, but there are some concerns a proposed property tax increase could see that price climb. cbc.ca READ MORE ... Canadian Single Detached Home Starts Decline 25% In 2023 The latest data from the Canada Mortgage and Housing Corporation (CMHC) indicates that Canada saw housing starts decline in 2023, thedeepdive.ca READ MORE ... Could the GTA housing market roar back in 2024? The region remains among the priciest real estate markets in Canada 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

🏛️ 15th Jan 2024 - Why Am I Being Asked About 'Political Targets' On My Mortgage Application?

💥 Monday 15th January 2024 💥 Toronto Real Estate Fixer Upper - Myths & Facts! Toronto's Real Estate Sizzlers: Daily Dive! "Empowering Your Home Goals: Reports & Sizzling Listings!" "Toronto's Real Estate Sizzlers: Daily Dive" is your daily plunge into the hottest and most impactful updates in the Toronto real estate market. Each day, we provide you with a curated selection of sizzlers 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 Dive" covers a wide range of topics, from heating up market dynamics to sparking investment opportunities and expert analysis. Dive in and make well-informed decisions with "Toronto's Real Estate Sizzlers: Daily Dive" as your trusted resource for navigating the dynamic Toronto real estate landscape. How can I determine if a fixer-upper property is a good investment opportunity in Toronto? Investing in a fixer-upper property in Toronto can be a rewarding venture, but it requires careful evaluation to ensure it's a good investment opportunity. Here are key steps to help you determine if a fixer-upper is a sound investment: Define Your Investment Goals: Clarify your objectives. Are you looking for a property to renovate and sell quickly, or are you interested in a long-term investment for rental income? Understanding your goals will guide your decision-making. Budget and Renovation Costs: Assess the property's condition and estimate the renovation costs. Factor in not only cosmetic improvements but also structural repairs and upgrades. Create a detailed budget to understand the total investment required. Market Analysis: Conduct a thorough market analysis to understand the demand and property values in the area. Consider both current market conditions and future trends. Evaluate recent sales of renovated properties in the neighborhood. Potential for Appreciation: Assess the property's potential for appreciation after renovations. Look for neighborhoods with a history of property value growth and positive economic indicators. Due Diligence: Conduct a comprehensive due diligence process. Check property records, permits, and any potential legal issues. Hire professionals, such as home inspectors and contractors, to assess the property thoroughly. Zoning and Regulations: Understand local zoning regulations and building codes. Ensure that your renovation plans comply with municipal requirements. Zoning changes can impact the property's use and value. Financing Options: Explore financing options for the purchase and renovation. Some lenders offer renovation loans or lines of credit specifically for fixer-upper properties. Timeframe and Holding Costs: Consider the timeframe for renovations and how it aligns with your investment goals. Calculate holding costs, including property taxes, insurance, and utilities, during the renovation period. Exit Strategy: Have a clear exit strategy. Whether you plan to sell the property after renovations or rent it out, understanding your exit strategy is crucial for a successful investment. Work with Professionals: Collaborate with experienced professionals, including real estate agents, contractors, and legal advisors. Their expertise can help you make informed decisions and avoid potential pitfalls. Negotiate Purchase Price: Negotiate the purchase price based on the property's current condition and the estimated cost of renovations. A lower purchase price can improve your overall return on investment. Contingency Plans: Develop contingency plans for unforeseen issues during renovations. Building in a buffer for unexpected costs and delays is essential for a successful fixer-upper investment. Evaluate Neighborhood Growth: Consider the neighborhood's growth potential. Look for areas undergoing revitalization or urban development, as these factors can positively impact property values. Evaluate School Districts and Amenities: Assess the quality of local schools and nearby amenities. These factors can influence the property's attractiveness to potential buyers or tenants. Remember that investing in a fixer-upper involves risks, and it's important to balance potential rewards with potential challenges. Engaging with local real estate professionals and conducting thorough research will enhance your ability to make informed investment decisions in the Toronto real estate market. Why am I being asked about 'political targets' on my mortgage application? From questions about the origin of your down payment to reviewing “unusual” sources of income, banks want to ensure there are no surprises before they approve your mortgage. In his financial advice column for CTVNews.ca, Christopher Liew outlines some often-unexpected questions you should prepare to answer. ctvnews.ca Read More ... Fixed mortgage rates are on the decline. Is now the time to lock in? - National | Globalnews.ca Canadians with mortgages up for renewal or who are eyeing the spring housing market are finding relief on some fixed rate offerings. Here's what to know. globalnews.ca Read More ... Brampton house sold at 'huge loss' 2 years after it was bought A Brampton house that just sold at a $640,000 loss – after it was listed a handful of times – speaks to the state of the market in the outskirts of Toronto, real estate experts say. toronto.ctvnews.ca Read More ... This $5.5 million Toronto home looks like it's out of a magazine While it's not the Bridle Path, The Kingsway is known for some pretty spectacular homes and 480 The Kingsway is no exception.  The jaw-dropping, on... blogto.com Read More ... CMHC study says zoning has major impact on house prices Fresh Perspective for Hamilton, Burlington and surrounding areas bayobserver.ca Read More ... Two sisters just transformed an historic building in Ontario into their dream hotel A pair of sisters from Ontario had a dream of building a dreamy B&B; outside of Toronto — and it's becoming a reality. Kristen and Kathryn Groom al... blogto.com Read More ... This $4 million Toronto home is a marvel of modern design While old homes are great for charm and character, new builds are great for knowing that everything is going to work and nothing will cost you $20k... blogto.com Read More ... Foreign workers, students driving up rent costs, bankers say 'Many of these people are not going to end up being able to stay in Canada, but while they're here, they need housing,' CIBC chief economist says during panel talk bradfordtoday.ca Read More ... Small apartment complex in Toronto is on sale for $3 million If you've ever dreamt of owning a property that's as charming as it is lucrative, then welcome to your new real estate crush! Nestled in the heart ... blogto.com Read More ... This is what it's like to live inside a massive skybridge between two towers in Toronto A Toronto condo has gone viral for it's unique (and, if you ask me, terrifying) location in a skybridge connecting two towers. The aptly named Gran... blogto.com 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 ... Big banks slash mortgage rates this week to reflect lower bond yields in Canada - Mortgage Rates & Mortgage Broker News in Canada Nearly all of the country's big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%). canadianmortgagetrends.com Read More ... Posthaste: Bank of Canada has 'one of the toughest jobs in financial industry this year,' TD says Central bank may have to start cutting interest rates before inflation is back on target ca.finance.yahoo.com Read More ... Making sense of the markets this week: January 14, 2024 - MoneySense What asset classes did best last year? Short sellers lose their shirts, Canadian housing market refuses to go down, and the loonie had a solid 2023. moneysense.ca Read More ... Niagara housing costs soar for homeowners and renters Homeowners in Niagara are feeling the pinch. Higher rates have led to more houses being put on the market, as some homeowners simply cannot afford to renew. Photo Credit: The Canadian Press/Evan Buhler.    Like much of Ontario and Canada, the Niagara region is facing a mortgage and debt crisis spurred on by over-borrowing and […] niagaraindependent.ca Read More ... Tips if you're renewing your mortgage in 2024 About six in 10 Canadian mortgages with major banks are up for renewal in 2024, 2025 and 2026, according to one recent RBC report, resulting in a payment shock for many. But mortgage holders facing renewing at higher rates should examine the following four considerations, says Victor Tran, mortgage broker with RatesDotCA. 1. Uninsured mortgages can get better rates with lower loan-to-value ratios: When renewing, many mortgage holders have enough... msn.com Read More ... Montreal home prices rose in December even as sales fell 4 per cent The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales in December fell four per cent compared with the same month a year earlier. montreal.ctvnews.ca Read More ... Canada was warned 2 years ago immigration could pump up housing costs Document reveals federal public servants were well aware of the pressures of high population growth trailtimes.ca Read More ... Airbnb owners in Victoria try to sell micro units but no one is buying - BC | Globalnews.ca As of May 1 property owners will no longer be able to post places to stay on sites like Airbnb unless they are in principal residences. globalnews.ca Read More ... B.C. families increasingly denied housing because of having children: report | Globalnews.ca A new report released by First Call Child and Youth Advocacy Society found that 37 per cent of parents polled said they were denied rental housing because they had children. globalnews.ca Read More ... BRAMPTON TACKLING ILLEGAL RENTALS THROUGH NEW LICENSING PILOT - OMNI The City of Brampton says they are cracking down on illegal and problematic rental units by introducing a residential rental licensing pilot for five wards. The pilot project will be evaluated over the next two years by the city. Landlords in wards one, three, four, five and seven should expect to pay a hefty price to obtain the license. omnitv.ca Read More ... This Week’s Top Stories: Global Real Estate Prices Correcting & Canadians Fall Behind - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Economy Falling Behind, US Growing 10x Faster Per Capita Canada might have been making headlines for its population-driven growth. However, that’s looking at aggregate GDP, which fails to adjust for population growth. Looking at GDP per capita reveals households are falling […] betterdwelling.com Read More ... ANALYSIS | Got questions about Toronto's big proposed property tax hike? Here's what we know | CBC News Toronto’s proposed property tax rate for this year is on the table and you've got questions. CBC Toronto's city hall reporter Shawn Jeffords breaks down below what we know and what we don't at this point.  cbc.ca Read More ... Housing Market 2024: 7 Reasons It’s Too Expensive To Buy a Home Right Now 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 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