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

💥 Friday 26th January 2024 💥 Toronto GTA Power Of Sale FREE Listings! Daily GTA Real Estate Roar! "Transforming Your Home Journey: Expert Reports & the Latest Listings!" "Daily GTA Real Estate Roar" is your daily source of the loudest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of updates that make the market roar, featuring the hottest trends, market insights, and critical updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Roar" series covers a wide range of topics, from amplifying market dynamics to roaring investment opportunities and expert analysis. Stay tuned and make well-informed decisions with "Daily GTA Real Estate Roar" as your trusted resource for navigating the dynamic GTA real estate landscape. How Can I Protect Myself As A Buyer When Purchasing A Power-Of-Sale Property? Purchasing a power-of-sale property can offer opportunities for buyers, but it also comes with unique challenges. Here are some tips to help protect yourself as a buyer when dealing with power-of-sale properties: Understand the Power-of-Sale Process: Educate yourself on how the power-of-sale process works in your jurisdiction. Different regions may have variations in the process, and understanding the legal aspects is crucial. Obtain Legal Advice: Consult with a real estate lawyer who is experienced in power-of-sale transactions. They can review the terms of the sale, identify potential risks, and ensure that your interests are protected. Conduct Due Diligence: Thoroughly research the property. Obtain a title search to check for any outstanding liens, mortgages, or legal issues. This will help you understand the property's history and potential complications. Home Inspection: Despite the property being sold as-is, conducting a home inspection is crucial. It can uncover potential issues that may affect the property's value or your decision to proceed with the purchase. Review Property Taxes and Utility Bills: Ensure that property taxes and utility bills are up to date. Unpaid taxes or utility bills could become your responsibility as the new owner. Get Pre-Approved for Financing: Before making an offer, obtain pre-approval for a mortgage. This not only helps you understand your budget but also demonstrates to the seller that you are a serious and qualified buyer. Negotiate Terms and Conditions: Work with your real estate agent and lawyer to negotiate favorable terms and conditions. Address issues such as the closing date, any repairs that need to be made, and the inclusion or exclusion of certain fixtures. Attend the Court Hearing (if applicable): In some jurisdictions, a court process may be involved in the power-of-sale. If so, attend the court hearing to ensure you are informed about the proceedings and any potential changes to the sale. Have a Financing Plan: Be prepared with a solid financing plan. Delays in securing financing can lead to additional costs or even the loss of the property. Be Wary of "As-Is" Sales: Understand that power-of-sale properties are often sold "as-is," meaning the seller may not be responsible for repairs. Factor potential repair costs into your budget. Include Escape Clauses in the Offer: Work with your real estate agent to include specific clauses in your offer that allow you to exit the deal if certain conditions are not met or if issues arise during the closing process. Monitor the Timeline: Power-of-sale transactions often have strict timelines. Stay informed about key dates and deadlines to ensure a smooth process. By taking these precautions and seeking professional advice, you can navigate the power-of-sale process with greater confidence and protect your interests as a buyer. Which insurance policies do I absolutely need, and which are nice-to-haves? With an overwhelming number of insurance types to choose from, it can be difficult to differentiate between the crucial and the nice-to-haves. In his financial advice column for CTVNews.ca, Christopher Liew provides an overview of some of the most popular types of policies and what they cover. ctvnews.ca READ MORE ... Your cottage appraisal came in lower than the purchase price. Now what?  Bankruptcy specialists in Toronto have seen an uptick in homebuyers unable to close on pre-construction properties due to low appraisals. cottagelife.com READ MORE ... Mortgage rates expected to ease, further heating Calgary market Calgary’s already hot real estate resale market could heat up even more as interest rates are forecast to fall by year’s end. “It’s great news,” says Chase Belair, co-founder and principal broker at Nesto. The online mortgage brokerage recently published its 2024 mortgage forecast, pointing to the Bank of Canada possibly cutting its overnight rate in the second half of the year. The central bank’s policy rate generally determines the direction... msn.com READ MORE ... Rent in Mississauga second-most expensive in Ontario in 2023, beating Toronto: report | insauga Apartment rent in Mississauga is now one of the most expensive in Ontario, even outpacing Toronto. insauga.com READ MORE ... Canadian Mortgage Borrowers Will Have To Wait For Rate Relief: BMO - Better Dwelling Canadian real estate markets have been warming up with dreams of cheaper mortgages. Despite the Bank of Canada (BoC) making no changes yesterday, they may have changed expectations. In a note to investors, BMO explained the central bank’s messaging demonstrates cuts are a long way off, potentially backstopping progress made on fixed rates. The bank […] betterdwelling.com READ MORE ... Real estate industry left playing the waiting game after Bank of Canada hold Resurgence in the housing market could bring back interest rate hikes ca.finance.yahoo.com READ MORE ... Under-35 households lead the way in reducing mortgage debt, StatCan reports - Mortgage Rates & Mortgage Broker News in Canada Canada's youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. canadianmortgagetrends.com READ MORE ... The shock of higher mortgage payments could be just around the corner Many homeowner may face higher mortgage payments in the next two years, writes Peter Watson. yorkregion.com READ MORE ... Rental of the Week: $5,200 for a detached in Lawrence Park South with a backyard bench swing The 2,200-square-foot home comes with three bedrooms, a sparkling kitchen, an original oak staircase and a large finished basement torontolife.com READ MORE ... Someone in Brampton is renting out a single bed in the middle of a kitchen | Urbanized The latest "horror rental" spotted in the region is a room being advertised in Brampton for the very low price of $350. dailyhive.com READ MORE ... ANALYSIS | Why the central bank won't circle a date for interest rate cuts | CBC News Canadian households, clobbered by rising interest rates, are desperate for word from the Bank of Canada on when they may start to fall. But central bank governor Tiff Macklem refuses to give them a "false sense of precision." cbc.ca READ MORE ... Viral video of cheap rent prices in Texas has people in Toronto vowing to move A viral TikTok highlighting some of the cheap rent prices in Texas has people second-guessing their commitment to renting in the Greater Toronto Ar... blogto.com READ MORE ... This eccentric $1.7 million house outside Toronto is available for the first time in decades When it comes to real estate in Ontario there's a lot of builder basic homes that are the housing equivalent to a yawn.  This is especially true wh... blogto.com READ MORE ... Canada house price drop risks pushing $46 billion in loans under water New report sheds light on massive issue mpamag.com READ MORE ... Bank of Canada done on rate hikes – but April cut unlikely, says CIBC's Tal Central bank unlikely to start cutting rates before June or July, according to top economist mpamag.com READ MORE ... 9 Things That Can Get Your Home Insurance Canceled Insurers may not want to cover your home for these reasons, but you usually have options. moneytalksnews.com READ MORE ... Toronto could implement new speculation tax on foreign homebuyers starting next year Foreign buyers who want to a purchase a home in Toronto could soon face an even steeper price tag if city council approves a new municipal tax that aims to curb real estate speculation. cp24.com READ MORE ... Foreign homebuyers in Toronto could face a new speculation tax next year Foreign buyers who want to a purchase a home in Toronto could soon face an even steeper price tag if city council approves a new municipal tax that aims to curb real estate speculation. toronto.ctvnews.ca READ MORE ... House of the Week: $2.2 million for a Beaches standout with an eccentric brick façade The 2,200-square-foot property also comes with heated floors, a big red oven, shiplap ceilings and a backyard with garden suite potential torontolife.com READ MORE ... Canadians hoping for mortgage relief disappointed after Bank of Canada keeps interest rate at 5% Canadians are reacting to news that the Bank of Canada will be holding its benchmark interest rate at five per cent. nowtoronto.com READ MORE ... Bank of Canada Drops Threats of Hikes, Shifts Discussion To Cuts - Better Dwelling Canada’s central bank held rates as widely expected, but still surprised. Bank of Canada (BoC) announced they’ll continue to hold the overnight rate at 5.0%, along with continued quantitative tightening (QT). It was believed the central bank would be hawkish, hoping to avoid a repeat of last year that sent inflation (and rates) even higher. […] betterdwelling.com READ MORE ... Bank of Canada holds interest rate, says future talks could revolve around when to begin cuts The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank's decision to hold its key rate at five per cent. cp24.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | ManojAtri.ca SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • Blog • Pinterest • Tumblr Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here

⚖️ 25th Jan 2024 - ‘I Didn’t Have That Kind Of Money’: Know Your Legal Rights On Rent Increases

💥 Thursday 25th January 2024 💥 NEW vs Resale Homes - FREE Report! Curated GTA Real Estate Blaze: Daily Revelations! "Empowering Your Choices: Comprehensive Reports & Premier Listings!" "Curated GTA Real Estate Blaze: Daily Revelations" is your daily revelation into the hottest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of revelations that illuminate 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 Revelations" cover a wide range of topics, from illuminating market dynamics to revealing investment opportunities and expert analysis. Stay enlightened and make well-informed decisions with "Curated GTA Real Estate Blaze: Daily Revelations" as your trusted resource for navigating the dynamic GTA real estate landscape. Are There Any Specific Financing Options Or Incentives Available For New Homebuyers In Toronto? There were various financing options and incentives available for new homebuyers in Toronto. However, it's crucial to note that programs and incentives can change, and new ones may have been introduced since then. Here are some general financing options and incentives that were available: First-Time Home Buyer Incentive (FTHBI): The FTHBI is a federal program that helps first-time homebuyers by providing an interest-free loan to contribute to their down payment. The loan is repayable when the property is sold. Home Buyer's Plan (HBP): The HBP is a federal program that allows first-time homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) to use towards the purchase of a home. Land Transfer Tax Rebate: Ontario offers a land transfer tax rebate for first-time homebuyers. The rebate can be applied towards the land transfer tax payable on the purchase of a home. Municipal Programs: Some municipalities in the Greater Toronto Area may offer additional incentives or rebates for first-time homebuyers. These can include programs related to down payment assistance or property tax relief. Low-Interest Mortgages: Some financial institutions and mortgage lenders may offer special mortgage products with lower interest rates or favorable terms for first-time homebuyers. Builder Incentives: Homebuilders in the region may offer incentives to attract new buyers, such as promotional pricing, upgrades, or deposit assistance. Energy-Efficient Programs: Certain energy-efficient home features may qualify for incentives or rebates. These could include energy-efficient appliances, windows, or heating systems. Ontario Home Ownership Savings Plan (OHOSP): The OHOSP is an incentive program that encourages saving for the down payment on a first home by providing a tax benefit for contributions made to a designated savings account. It's essential to check with relevant authorities, such as the Canada Mortgage and Housing Corporation (CMHC), provincial government, and municipal government, for the most up-to-date information on available programs and incentives. Additionally, consulting with a mortgage broker or financial advisor can help you explore the financing options that best suit your individual circumstances. 'I didn’t have that kind of money': Know your legal rights on rent increases When Nandini Gokhale took over a friend’s lease for a bedroom in an Ottawa home in 2020, she was happy she’d found an affordable space in the middle of the pandemic. However, any relief quickly disappeared when her landlord notified her and her new roommates of plans to increase the overall rent by $2,000 within […] toronto.citynews.ca READ MORE ... What tenants in Ontario need to know about privacy rights The Residential Tenancies Act (RTA) does not always prescribe exact rules about privacy for specific situations, but often uses broad terms covering general scenarios. toronto.citynews.ca READ MORE ... Calgary 2024 real estate forecast is for sellers | CityNews Calgary New data from the Calgary Real Estate Board (CREB) shows the local housing market is expected to remain a seller's market throughout 2024. calgary.citynews.ca READ MORE ... Calgary to remain a seller's market in 2024 as demand continues to outpace supply: CREB Calgary's housing market conditions are expected to loosen this year, but sellers will likely remain in control, according to the Calgary Real Estate Board's (CREB) annual forecast. calgary.ctvnews.ca READ MORE ... 2 Quebec realtors found guilty of submitting bogus offers Two Quebec realtors who were suspended after being accused of submitting bogus offers on homes have both been found guilty. montreal.ctvnews.ca READ MORE ... Realtor fined $28K for lending client $50K to buy Richmond property Vicky Wang committed professional misconduct by creating a conflict interest, says industry watchdog. biv.com READ MORE ... Experts say now is the time to buy a home in Regina as interest rates kept steady | Globalnews.ca Home buyer experts say now is the time to purchase a home with interest rates remaining steady. globalnews.ca READ MORE ... Options for Homes and Home Ownership Alternatives merge for more homes and communities for Canadians - REM The group is committed to exploring new partnerships with community stakeholders and government bodies to collaborate in developing and protecting attainable housing realestatemagazine.ca READ MORE ... Rent prices in Toronto are plummeting but somehow affordability isn't improving Rent prices across the Toronto area may have just dropped by the most substantial amount outside of the pandemic months, but that doesn't mean that... blogto.com READ MORE ... Here's how much you need to earn to afford a house in Toronto right now | Urbanized Here's how much you actually need to earn per year to afford a house in Toronto right now, according to new stats from Ratehub.com. dailyhive.com READ MORE ... This $2 million Toronto condo has the most incredible views While it's been gloomy in Toronto for what seems like eternity, spring is only 60 days away and that means views like the one's from Suite 906 at 1... blogto.com READ MORE ... 8 Common and Costly Homebuying Myths Think you’re ready to buy a house? Don’t fall victim to these rookie mistakes. moneytalksnews.com READ MORE ... Bank of Canada rate decision January 2024| TD Stories The central bank is holding its overnight interest rate at 5%. Here’s how that could affect mortgage rates in Canada. stories.td.com READ MORE ... How to prepare for a TD mortgage renewal this year | TD Stor If your TD mortgage is up for renewal in the next 12 months, here are a few pieces of advice to help you prepare financially. stories.td.com READ MORE ... No change on interest rate as Bank of Canada sticks to 5% | CBC News The Bank of Canada has announced its trendsetting interest rate will remain steady at five per cent, a move widely expected by economists. The central bank says it expects to turn its attention to how long interest rates will stay high rather than whether more increases are needed. cbc.ca READ MORE ... Bank of Canada says government efforts to curb housing crisis will help 'gradually' | CBC News The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but "only gradually." cbc.ca READ MORE ... Bank of Canada Drops Threats of Hikes, Shifts Discussion To Cuts - Better Dwelling Canada’s central bank held rates as widely expected, but still surprised. Bank of Canada (BoC) announced they’ll continue to hold the overnight rate at 5.0%, along with continued quantitative tightening (QT). It was believed the central bank would be hawkish, hoping to avoid a repeat of last year that sent inflation (and rates) even higher. […] betterdwelling.com READ MORE ... What are the Ontario cottage market's prospects this year? Possibilities could be there for buyers ready to swoop, says CEO mpamag.com READ MORE ... Someone in Toronto just bought a huge $18 million condo and it's pretty spectacular One of the most expensive condo units in Toronto history has been purchased for a whopping $18 million — and it doesn't even exist yet. An undisclo... blogto.com READ MORE ... Bank of Canada holds key interest rate at 5 per cent The Bank of Canada (BoC) has decided to hold its key interest rate at 5 per cent, with the bank rate at 5.25 per cent and the deposit rate at 5 per... blogto.com READ MORE ... 4 reasons to love this new Toronto rental building with 150-year-old roots One of downtown Toronto's newest rental apartment buildings is preparing to hit the market, and its footprint occupies an important spot in the cit... blogto.com READ MORE ... Bank of Canada expected to hold – decision day guide It is expected to tweak its messaging mpamag.com READ MORE ... Could Canada's mortgage renewal wave become a crisis? Troubled waters could be ahead – but there’s no need to panic yet mpamag.com READ MORE ... Mortgage Growth in Canada Hasn’t Been This Weak Since 2001 - BNN Bloomberg Mortgage growth in Canada is the slowest it’s been in more than two decades as higher borrowing costs and elevated prices for homes and apartments weigh on real estate activity. bnnbloomberg.ca READ MORE ... Rent prices in Toronto are plummeting but somehow affordability isn't improving Rent prices across the Toronto area may have just dropped by the most substantial amount outside of the pandemic months, but that doesn't mean that... blogto.com READ MORE ... The 5 Worst — and 5 Best — Places to Buy a Home in 2024 Coming into a new year, these are the hottest markets — and those sliding into the deep freeze. moneytalksnews.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