📉 12th Jan 2024 - Ontario Home Sold At $800,000 Loss After 11 Failed Attempts To Sell!

💥 Friday 12th January 2024 💥 Divorce And Real Estate - FREE Report! GTA Real Estate Fuel: Daily Highlights! "Expert Reports for Smart Choices: Showcasing Prime Listings!" "GTA Real Estate Fuel: Daily Highlights" is your daily source of high-octane updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of fuel that powers 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 Highlights" cover a wide range of topics, from accelerating market dynamics to igniting investment opportunities and expert analysis. Stay fueled and make well-informed decisions with "GTA Real Estate Fuel: Daily Highlights" as your trusted resource for navigating the dynamic GTA real estate landscape. How can one spouse buy out the other's share of the home in a divorce situation? In a divorce situation, when one spouse wishes to buy out the other's share of the home, several steps need to be taken to facilitate a fair and legally binding transaction. Here is a general guide on how one spouse can buy out the other's share of the home: Property Valuation: Determine the current market value of the home. This may involve hiring a professional appraiser or obtaining a real estate agent's opinion. Equity Calculation: Calculate the equity in the home, which is the market value minus any outstanding mortgage balance or other debts secured by the property. Agree on Terms: Both spouses need to agree on the terms of the buyout. This includes the purchase price, payment terms, and any other relevant conditions. It's advisable to seek legal advice to ensure that the agreement is fair and legally binding. Refinance or Assume the Mortgage: The spouse who will retain ownership may need to refinance the mortgage in their name. Alternatively, if the mortgage allows assumption, they may assume the existing mortgage. Buyout Payment: The buying spouse must provide the funds for the buyout. This can be done through a lump sum payment or through a financing arrangement, such as a mortgage or personal loan. Legal Documents: Draft legal documents to formalize the buyout. This typically involves a Quitclaim Deed, which transfers the selling spouse's interest in the property to the buying spouse. Consult with a family law attorney to ensure all necessary documents are prepared and executed correctly. Release of Liability: The selling spouse should be released from any further financial responsibility or liability related to the property. This is often addressed in the legal documents. Record the Deed: The Quitclaim Deed should be recorded with the local land records office to officially transfer ownership. This step ensures that the change in ownership is recognized by public records. Notify Mortgage Lender: Inform the mortgage lender about the change in ownership. This is important to ensure that both parties' names are appropriately handled on the mortgage and to prevent any future complications. Compliance with Court Orders: If the divorce is part of a legal process, ensure that the buyout complies with any court orders or divorce settlement agreements. Seek Legal Advice: It's crucial for both parties to seek independent legal advice throughout the process. Legal professionals can provide guidance on the implications of the buyout and ensure that the transaction is legally sound. Keep in mind that the specifics of the process may vary based on jurisdiction, the terms of the divorce, and individual circumstances. It's highly recommended for both spouses to consult with legal professionals to navigate the buyout process successfully and protect their respective interests. Ontario home sold at $800,000 loss after 11 failed attempts to sell | Urbanized The Ontario home, located at 1099 Caldwell Avenue in Mississauga, has four bedrooms, four bathrooms, and a two-car garage.  dailyhive.com Read Now ... Hamilton-area realtors report decline in residential sales for 2023 amid high lending rates - Hamilton | Globalnews.ca The Realtors Association of Hamilton-Burlington (RAHB) said there was a decline in residential sales through 2023, about 11 per cent lower than the previous year. globalnews.ca Read Now ... These Toronto residents have no clue how much rent is in the city You'd think Toronto residents would know everything there is to know about rent prices with how much airtime the cost of living in the city gets. W... blogto.com Read Now ... This $3 million Toronto home comes with a dramatic 'floating' roof While this house may be in the heart of Etobicoke, the contemporary design will have you feeling like you've taken a trip to Miami.  Artfully marry... blogto.com Read Now ... The Path of Rent-to-Homeownership Unlock homeownership with our expert guide to rent-to-own homes. Navigate the process seamlessly and achieve your dream home. remaxinfinity.ca Read Now ... This $2 million Toronto bungalow gives you a great view of the sky Looking for the perfect blend of modern comfort and cozy charm? Look no further than 92 Cottonwood Dr. Everything about this home is cute and could... blogto.com Read Now ... Some Toronto parking spots are on sale for more than $100,000. Are they worth it? While the vast majority of parking spaces for sale have gone for significantly less, a $100,000 listing price isn’t unprecedented. thestar.com Read Now ... Here are some of the most expensive houses that sold for over $10M in Toronto in 2023 Luxury house sales in Toronto surpassing $10 million surged by 10 per cent in 2023, according to a real estate broker who says a new tax nudged sellers to the finish line. toronto.ctvnews.ca Read Now ... The 9 people that own all of Toronto’s real estate extremely upset about property tax hike TORONTO - Reacting to news of Toronto Mayor Olivia Chow’s plan to hike property taxes by more than 10%, the 9 or so people that collectively own all Toronto real estate expressed outrage, saying that Chow is making the city unaffordable. thebeaverton.com Read Now ... Condo of the Week: $1.45 million for a loft on the Annex-Yorkville border The 1,500-square-foot property comes with two bedrooms, chic design, a spotless kitchen and a finished basement with its own entrance torontolife.com Read Now ... Montreal home prices rose in December even as sales fell four per cent | CityNews Toronto MONTREAL — 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. The association says home sales in the region totalled 2,096 for the month, down from 2,191 in December 2022. Throughout the year, the Montreal area saw an […] toronto.citynews.ca Read Now ... Despite easing rates, bank CEOs say clients face $400-$500 monthly mortgage payment hikes at renewal - Mortgage Rates & Mortgage Broker News in Canada An anticipated decline in interest rates over the course of 2024 should help soften the impact of mortgage renewal payment shocks, according to RBC President and CEO Dave McKay. canadianmortgagetrends.com Read Now ... Average long-term mortgage rates rise again, reaching their highest level in 4 weeks | CityNews Toronto LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose for the second time in as many weeks, climbing to its highest level in four weeks. The average rate on a 30-year mortgage rose to 6.66% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%. Borrowing […] toronto.citynews.ca Read Now ... Spotlight:How to get more money and less mortgage? Start the year with a free mortgage checkup Ask for budget help now — before 2024 takes hold of your time and wallet. cambridgetoday.ca Read Now ... This charming 1930s Toronto house is under $1 million Nestled within the heart of Toronto's historic Cabbagetown neighbourhood, 5 Nasmith Ave. stands as a testament to vintage allure and untapped poten... blogto.com Read Now ... Three Ontario cities named among the best places in Canada to live this year Six Canadian cities have been named the best to live in based on factors including affordability and safety. Of the cities, three are in Ontario, o... blogto.com Read Now ... Global Real Estate Prices Saw A Boom… Now They’re Going Bust - Better Dwelling Global real estate prices are falling, especially in more advanced economies. Bank of International Settlements (BIS) data shows real home price growth was negative for most markets in Q2 2023. The same advanced economies that saw the largest growth post rate cuts, are now leading the way lower. They also appear to be struggling with […] betterdwelling.com Read Now ... Canadian homeowners face large increases to property taxes Several major cities have approved or proposed major property tax hikes this year as municipalities struggle with inflation, high interest rates, crumbling infrastructure and soaring demand for services. ctvnews.ca Read Now ... This $8 million Vaughan mansion looks like a Venetian palace Prepare to be captivated by the grandeur and opulence that defines the essence of 33 Riverside Blvd.  This gated and private estate stands as an ep... blogto.com Read Now ... TD spells out dangers of Bank of Canada cutting rates too soon Inflation cooling seems to be spreading to more components of the economy, according to a new analysis mpamag.com Read Now ... Could 2024 mark a turning point for would-be homebuyers? Market conditions could see a big shift in urban areas mpamag.com Read Now ... Are Heated Floors in Your Home Worth It? Read this to decide whether heated floors are right for your home and budget. moneytalksnews.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 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

🏘️ 13th Dec 2023 - Ontario Town To Sell Properties For $10 To Keep The Dream Of Owning A Home Alive!

💥 Wednesday 13th December 2023 💥 Buy With Low or Zero Down Payment - FREE Report! Daily GTA Real Estate Roar! "Your Gateway to Real Estate Success: Reports & the Latest Listings!" "Daily GTA Real Estate Roar" is your daily roar into the heart of the Greater Toronto Area real estate market. Each day, we bring you a powerful compilation of the most impactful 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 Roar" covers a wide range of topics, from dominating market dynamics to seizing investment opportunities and expert analysis. Stay engaged and make well-informed decisions with "Daily GTA Real Estate Roar" as your trusted resource for navigating the dynamic GTA real estate landscape. Can a mortgage broker help me if I have a low credit score or unique financial circumstances? Yes, a mortgage broker can be particularly helpful if you have a low credit score or unique financial circumstances. Mortgage brokers are financial professionals who act as intermediaries between borrowers and lenders, helping individuals secure mortgage loans. Here's how a mortgage broker can assist you in such situations: Access to a Wide Network of Lenders: Mortgage brokers often work with a network of lenders, including traditional banks, credit unions, and alternative lenders. This diverse network increases the chances of finding a lender who is willing to work with borrowers with low credit scores or unique financial situations. Understanding of Lender Requirements: Mortgage brokers are familiar with the specific requirements of various lenders. They can help you navigate through the lending landscape and identify lenders that are more flexible in their criteria. Customized Solutions: Mortgage brokers can tailor their approach to your unique financial circumstances. They can explore different mortgage products, such as government-backed loans or specialized programs, that might be suitable for your situation. Credit Improvement Strategies: If your credit score is a concern, a mortgage broker can offer advice on strategies to improve your credit before applying for a mortgage. This may include guidance on paying down debt, addressing inaccuracies in your credit report, or taking other actions to boost your creditworthiness. Negotiation Skills: Mortgage brokers are skilled negotiators. They can negotiate with lenders on your behalf to secure favorable terms, even if your credit score is not ideal. This may involve negotiating lower interest rates, more flexible repayment terms, or finding a lender willing to overlook certain financial challenges. Streamlining the Application Process: Mortgage brokers can streamline the mortgage application process by handling paperwork, communications with lenders, and ensuring that your application is presented in the best possible light. This can be especially valuable when dealing with unique financial situations. It's important to note that while mortgage brokers can be very helpful, they may charge fees for their services. These fees can vary, so it's essential to discuss compensation arrangements upfront. Additionally, it's crucial to work with a reputable and experienced mortgage broker who understands the local market and has a track record of helping clients in similar situations. Ontario town to sell properties for $10 to keep the dream of owning a home alive Sure, there are still some places in Ontario where you can purchase a home for fairly cheap compared to the GTA, but one town takes the cake for th... blogto.com READ MORE ... House in Brampton goes for $1.8M under the asking price | inBrampton Brampton was named in the top 10 most affordable places to buy a home, and one place went for $1.8 million under the asking price in 2023. insauga.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 ... 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 ... Realtors, Tell Us The Biggest Secret You've Ever Kept From A Client From haunted houses to awful neighbors, we wanna know the secrets you've been keeping. ca.sports.yahoo.com READ MORE ... 8-foot-wide Toronto home on market for $1 million has the internet divided An eight-foot-wide home recently listed in Toronto for nearly $1 million has the internet divided on whether or not the quirky space justifies its ... blogto.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 ... Bank regulator maintains uninsured mortgage stress test rate | CityNews Toronto TORONTO — Canada’s banking regulator says it has left the stress test rate for uninsured mortgages unchanged. The Office of the Superintendent of Financial Institutions says the minimum qualifying rate for uninsured residential mortgages will remain the greater of 5.25 per cent, or the mortgage contract rate plus two per cent. Uninsured mortgages are generally […] toronto.citynews.ca READ MORE ... Bank Watchdog Keeps Rule That’s Slowing Canada’s Mortgage Market (Bloomberg) -- Canada’s banking regulator maintained the qualifying test it imposes on mortgage borrowers, keeping pressure on the nation’s prospective home buyers.Most Read from BloombergJPMorgan Is in a Fight Over Its Client’s Lost $50 Million FortuneGoldman Trader Paid $100 Million Since 2020 Is Stepping DownArgentina’s Milei Devalues Peso by 54% in First Batch of Shock MeasuresNetflix Posts Viewer Data on Every Show, Film for First TimeRaimondo Vows ‘Strongest Possible’ Action on Huawei’s Ch ca.finance.yahoo.com READ MORE ... Here’s how much house you can get for $400k in Oakville, Burlington and Milton - inHalton | Local Online News If you only have $400,000 to spend on a house, that money won’t get you very far in Halton–especially in Oakville. According to a recent report by Point2Homes, $400,000–which is about half the price of the average home in Ontario (as of October, that number sits at $855,990)–won’t buy residents much in the GTA.  The […] inhalton.com READ MORE ... Houses in these Oakville and Burlington neighbourhoods are getting ‘low-ball’ offers - inHalton | Local Online News While housing in Oakville and Burlington (and the Halton Region overall) is expensive (according to data recently released by the Toronto Regional Real Estate Board, the average home price in the region sits at $1,208,950), some neighbourhoods are seeing buyers bidding $100,000 or more under the median price.  According to real estate company Wahi, three […] inhalton.com READ MORE ... Are rents coming down? Latest figures in Oakville and Burlington think so - inHalton | Local Online News For the first time since the pandemic peak, rental asking prices are starting to slow down, both nationally and in Oakville and Burlington. Asking rents for all residential property types in Canada averaged $2,174 in November, a slight decrease of 0.2 per cent since October, according to Rentals.ca and Urbanation’s latest National Rent Report. The […] inhalton.com READ MORE ... B.C. couple faces $600-a-month rent hike when their baby becomes new ‘occupant’ | Globalnews.ca B.C.'s Housing Minister, Ravi Kahlon, told Global News Monday that this couple's landlord should "give himself a head shake" but he is in a legal position to do this. globalnews.ca READ MORE ... Mortgage stress test to remained unchanged in Canada - National | Globalnews.ca The stress test for both insured and uninsured mortgages in Canada remains unchanged, the country's banking regulator and finance minister confirmed. globalnews.ca READ MORE ... Co-living apartments about to open amid housing crunch | CBC News A developer is watching whether purpose-built apartments for roommate living on the Ottawa River will prove popular before deciding whether to repeat the experiment. cbc.ca READ MORE ... Despite slowdown in Toronto and Vancouver, asking rents still up 8% from last year - Mortgage Rates & Mortgage Broker News in Canada Rent prices moderated slightly in November, but remain 8% higher compared to a year ago and over 20% from two years ago. canadianmortgagetrends.com READ MORE ... Some homeowners who managed to buy last year are bleeding money—the worst hit have lost more than $100,000 in value as price corrections “pummel” dozens of cities Renters today may be completely locked out of the market, but many big-city buyers who bought last year now owe more than their home is worth ca.finance.yahoo.com READ MORE ... BC home prices resilient in 2023: BCREA | CityNews Vancouver The BC Real Estate Association says that despite softening sales in the province, home prices have been "remarkably resilient" in 2023. vancouver.citynews.ca READ MORE ... Vancouver landlord acted in bad faith in attempted eviction for caretaker use | CBC News Vancouver property management company Plan A Real Estate Services acted in bad faith when it tried to evict a tenant to make space for a live-in building caretaker, B.C.’s Residential Tenancy Branch has found. cbc.ca READ MORE ... Sask. reports 5th consecutive month of above average home sales, furthering inventory issues Home sales in Saskatchewan have increased for a fifth consecutive month, leading to more inventory issues among the market’s most affordable listings. regina.ctvnews.ca READ MORE ... House of the Week: $2.5 million for a former cobbler's home in King City This 2,300-square-foot property comes with beamed ceilings and a bathroom made of marble as well as a stone grill and a cabana in the backyard torontolife.com READ MORE ... Enormous 85-storey condo tower proposed to transform Toronto intersection An ambitious proposal has resurfaced with a new, taller design more than three years since first tabled with Toronto city planners. The updated pro... blogto.com READ MORE ... Ex-sister-in-law bare trustee denied order to sell jointly-owned property - REM Applicant chose to assist her brother and respondent, agreeing to be a bare trustee rather than a joint owner with rights, powers and obligations realestatemagazine.ca READ MORE ... Two jobs, no money: How mortgage rates have pushed one Toronto father to the brink - Macleans.ca For the last year-and-a-half, I’ve worked my day job from 7:30 a.m. to 3:30 p.m., then headed to the restaurant to start my night shift. I work 75 hours a week and we’re still scrambling to keep up with our payments. macleans.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 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