7th June 2023 - Toronto Real Estate: What You Need to Know!

💥 Wednesday 7th June 2023 💥 Hot New GTA For Sale Listings Toronto Real Estate: What You Need to Know! "Building your wealth and knowledge with the GTA's premier Real Estate Newsletter" Welcome to "Toronto Real Estate: What You Need to Know!" Our daily newsletter is your go-to resource for all the essential information about the dynamic Toronto real estate market. We understand that being well-informed is crucial when it comes to buying, selling, or investing in real estate, and our newsletter provides you with the key insights you need to make informed decisions. From market trends and pricing updates to neighborhood highlights and investment opportunities, we cover a wide range of topics to ensure you have a comprehensive understanding of the Toronto real estate landscape. Stay ahead of the game and subscribe now to "Toronto Real Estate: What You Need to Know!" Discover the Hottest Deals: 10 Best Buys in Any Price Range! Discover the hottest deals with our curated list of the 10 best buys in any price range. We understand that finding the right property at a great value is essential, regardless of your budget. Our expert team scours the market to identify properties with outstanding features, competitive prices, and excellent investment potential. Whether you're a first-time buyer, upgrading to a larger home, or seeking an investment opportunity, our list showcases the top properties that offer exceptional value for your money. From cozy starter homes to luxury estates, we've got you covered. Don't miss out on these incredible deals. Explore our list and seize the opportunity to make a smart and rewarding purchase. Let us be your guide to finding the best buys in any price range. Better Dwelling Most Canadians Are Waiting For Rates To Drop To Buy A Home:  BMO Survey - Better Dwelling Canadian real estate sales are generally down from historic levels, but households are just waiting for cheap credit. That was just one key insight from BMO’s latest Real Financial Progress Index (RFPI). The survey-based index seeks to capture household economic health, and their perspective on the economy. Not surprising, a good share of the takeaways […] betterdwelling.com READ MORE >> Global News Sellers are coming back to Canada’s housing market. Will prices stabilize? - National | Globalnews.ca Canada's housing market saw an 'influx' of sellers in May, according to RBC, but demand from buyers is still putting upward pressure on prices. globalnews.ca READ MORE >> CTV News Canada's housing market sees largest improvement in affordability in four years: National Bank Canada’s housing market saw the largest improvement in affordability in nearly four years in the first quarter of 2023, according to a report from economists at the National Bank of Canada. ctvnews.ca READ MORE >> CTV News Vancouver How could a Bank of Canada rate hike impact B.C.’s housing market? Real estate experts say B.C.’s housing market is heating back after cooling off due to rising interest rates but the future is uncertain as several economists expect the Bank of Canada to hike rates again. bc.ctvnews.ca READ MORE >> BNN Bloomberg This is what $1 million can buy you in Canada's housing market - BNN Bloomberg As home prices and sales activity increased in Canada’s two largest real estate markets last month, a report from Zoocasa released Monday highlights what homebuyers can purchase with $1 million. bnnbloomberg.ca READ MORE >> Canadian Mortgage Trends May statistics show Canada's housing rebound may have started early - Mortgage Rates & Mortgage Broker News in Canada Housing markets in the country's largest metro areas continued to gather steam in May, pointing to a housing rebound that wasn't expected by the Bank of Canada until later this year. canadianmortgagetrends.com READ MORE >> CBC News The average single-family home in London is now $743,195. Here's what that buys you: | CBC News The average price of a single-family home, the crown jewel of residential real estate, is now $743,195 in London, Ont., nearly doubling in value in just four years. cbc.ca READ MORE >> CBC News London's first-time buyers pounce on lower priced homes as possible interest rate hike looms | CBC News Since the Bank of Canada made a series of eight successive interest rate hikes last year, buyers are pouncing on the best deals, often well below $640,000, which was the average price of a London home in April.  cbc.ca READ MORE >> CBC News Why the biggest landlord in Canada's North has seen its stock price tank even as rents go up | CBC News Tim Kiladze, reporter with The Globe and Mail, explains why the Northview Canadian High Yield Residential Fund — a major residential landlord in Yellowknife and Iqaluit — has seen its stock drop in value in recent months. cbc.ca READ MORE >> Brantford The Expositor Local home sales increase 20 per cent in May Brantford and County of Brant spring home sales are increasing but the low supply of properties on the market continues to be a concern. brantfordexpositor.ca READ MORE >> i Heart Radio Canada's housing market sees largest improvement in affordability in four years: National Bank Canada’s housing market saw the largest improvement in affordability in nearly four years in the first quarter of 2023, according to a report from economists at the National Bank of Canada. iheartradio.ca READ MORE >> Morning Star Canadian Banks Are Worried You Won’t Pay Your Mortgage The big banks have increased their loan loss provisions, which means less cash flow, but dividends won’t be impacted for now. morningstar.ca READ MORE >> St Catharines Standard Niagara real estate prices steadily rise, with supply an ongoing concern Sales, listings and prices all increased, with days on market falling slightly, month-over-month stcatharinesstandard.ca READ MORE >> Advisor's Edge Homeownership dream persists despite affordability concerns | Advisor's Edge Polls find widespread concern about affordability amid rising rates and inflation advisor.ca READ MORE >> CBC News The Bank of Canada's 'conditional pause' on interest rates may be over — so brace for another hike soon | CBC News There could be bad news for anyone with a mortgage this week, as speculation is growing that the Bank of Canada is getting ready to start raising lending rates again. cbc.ca READ MORE >> Wealth Professional Rate hike? Homeowners and buyers are already at their limit Canadians with mortgages and those who want to buy a home are struggling to make the budget work according to multiple reports wealthprofessional.ca READ MORE >> Global News Will Canada’s premiers tackle rental crisis next month? Advocates, tenants want action - National | Globalnews.ca Rent for a one-bedroom can cost anywhere from about $1,860 in Halifax to $2,500 in Toronto and as much as $2,800 in Vancouver, according to a recent report by Rentals.ca. globalnews.ca READ MORE >> CBC News Airbnb hosts vs. renters: a tough conversation about the housing crisis Many Canadians are struggling to find housing, but are short-term rentals part of the problem? The National brings together landlords who have turned to Airbnb and long-term renters who feel like they're being crushed by soaring rent prices and the shrinking availability of rental properties. cbc.ca READ MORE >> CTV News Rent across Canada climbs to 20 per cent above pandemic lows: report Across Canada, the average price of rent climbed back up after pandemic lows, with the monthly rate new tenants face now 20 per cent higher than it was two years ago, according to just-released rental data. ctvnews.ca READ MORE >> Queens Citizen He earns $92,000 a year and he failed to buy a house! Mr. Gagnon is scratching his head, he doesn’t understand. His financial institution agrees to give... queenscitizen.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, or Investing 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:   ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca SearchRealEstateInToronto.ca | Rent to Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials 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

6th June 2023 - Daily Scoop: Toronto Real Estate Headlines!

💥 Tuesday 6th June 2023 💥 For Sale By Owner! Daily Scoop: Toronto Real Estate Headlines! "Stay ahead of the curve with the latest GTA Real Estate News and Trends" Welcome to the "Daily Scoop: Toronto Real Estate Headlines!" Our daily newsletter is your ultimate source for the latest and most captivating headlines in the dynamic Toronto real estate market. We understand that staying informed is essential, and our curated selection of headlines delivers the most important news, trends, and developments straight to your inbox. Whether you're a buyer, seller, investor, or industry professional, our newsletter covers a wide range of topics, including market updates, hot listings, neighborhood spotlights, and expert insights. Don't miss out on the buzz – subscribe now and get your daily scoop of Toronto real estate headlines with our "Daily Scoop: Toronto Real Estate Headlines!" What are some common Mistakes to avoid when Selling a Home by Owner? When selling a home by owner, it's important to be aware of common mistakes that can hinder the process and impact the outcome of the sale. Here are some mistakes to avoid: Pricing the Home Incorrectly: Overpricing or underpricing your home can be detrimental to the sale. Conduct thorough research, analyze comparable sales in the area, and consider seeking a professional appraisal to accurately determine the market value of your home. Inadequate Marketing and Exposure: Selling a home requires effective marketing. Failing to invest in high-quality photographs, engaging descriptions, and widespread online and offline exposure can limit your potential buyer pool. Utilize various marketing channels, such as online listings, social media, signage, and open houses, to maximize exposure. Lack of Preparation and Presentation: Failing to prepare your home for sale can deter buyers. Make necessary repairs, declutter, clean, and stage the property to showcase its best features. First impressions matter, so ensure your home is presentable and appealing to potential buyers. Insufficient Knowledge of Legal and Disclosure Requirements: Selling a home involves legal obligations and disclosures. Familiarize yourself with local laws, regulations, and disclosure requirements to avoid legal issues down the line. It may be wise to consult with a real estate attorney to ensure compliance. Ineffective Negotiation Skills: Negotiating the terms of the sale is crucial to achieving a favorable outcome. Lack of negotiation skills can lead to missed opportunities or accepting less-than-ideal offers. Educate yourself on negotiation strategies or consider hiring a real estate agent or attorney to assist in this process. Inadequate Screening of Potential Buyers: It's important to screen potential buyers to ensure they are qualified and serious about purchasing. Request pre-approval letters or proof of funds from interested parties to ensure they have the financial capability to proceed with the transaction. Emotional Involvement: Selling a home can be an emotional process, but it's essential to approach it with a business mindset. Emotional attachment can hinder negotiations and lead to rash decisions. Stay objective and focus on the financial and practical aspects of the sale. Insufficient Documentation and Paperwork: Accurate and complete documentation is crucial in a home sale. Failing to prepare and organize the necessary paperwork can lead to delays or legal issues. Seek guidance from professionals or use templates and checklists to ensure all documentation is in order. By avoiding these common mistakes, you can increase your chances of a successful sale and achieve your desired outcomes when selling your home by owner. However, it's essential to consider consulting with a real estate professional or attorney to ensure you navigate the process smoothly and effectively. CBC News Another group of Toronto tenants refuses to pay rent, this time amid near 10% proposed hike | CBC News More than 100 tenants in a Thorncliffe Park apartment complex have stopped paying rent to protest proposed above-guideline rent increases of almost 10 per cent over the last two years, according to a tenant advocacy group. cbc.ca READ MORE >> CBC News What are rent strikes — and do they work? | CBC News Tenants in two Toronto neighbourhoods are on strike against rental increases. It's not the first time renters have waged direct action against their landlords. cbc.ca READ MORE >> Global News Tenants opposed to above-guidance rent increase go on rent strike, withhold payments | Globalnews.ca Tenants at three apartment buildings in Toronto's Thorncliffe Park are withholding rent payments for a second month after the landlord proposed above guidance rent increases. globalnews.ca READ MORE >> CTV News Windsor Rental scam discovered after multiple families respond to ad for rental home A 43-year-old Lasalle woman has been arrested in connection to a home rental scam. windsor.ctvnews.ca READ MORE >> Canadian Mortgage Trends There's a chance of a rate hike this week, but July is more likely: economists - Mortgage Rates & Mortgage Broker News in Canada The odds of the Bank of Canada hiking rates at this week's monetary policy meeting vs. another hold are basically down to a coin toss, economists say. canadianmortgagetrends.com READ MORE >> I Heart Radio How could a Bank of Canada rate hike impact B.C.’s housing market? Real estate experts say B.C.’s housing market is heating back after cooling off due to rising interest rates but the future is uncertain as several economists expect the Bank of Canada to hike rates again. iheartradio.ca READ MORE >> The London Free Press What's driving London's biggest-in-Canada jump in apartment rents? The monthly rental price for London apartments has soared by nearly 28 per cent in the past year, the second-highest increase in big-city Canada, a new market snapshot shows. lfpress.com READ MORE >> Collingwood Today LETTER: Time to force developers to address housing issue Letter writer calls on town to take steps to ensure affordable rental units are part of every new project collingwoodtoday.ca READ MORE >> blogTO Here's how much you need to earn to afford a home in Toronto Rent in Toronto continues to climb beyond what most people can reasonably afford, as the cost of living continues to soar and wages trail behind. F... blogto.com READ MORE >> Cambridge Today Spotlight:Need to lower your mortgage payment? Extending your amortization may offer you a budget lifeline — here’s when it makes sense to go long. cambridgetoday.ca READ MORE >> The Kingston Whig Standard Most Canadians waiting for mortgage rates to drop to re-enter housing market: poll Concerns about interest rates, inflation and a possible economic recession have changed Canadians' approaches to homebuying. Find out more. thewhig.com READ MORE >> Castanet The importance of a mortgage pre-approval - The Mortgage Gal The subject of mortgage pre-approvals has been beaten to death, but I am going to circle back to this from a different perspective. castanet.net READ MORE >> Angus Reid Institute Economic Outlook: Burdened by debt and rising housing costs, three-in-ten Canadians ‘struggling’ to get by - Angus Reid Institute Number of mortgage holders voicing difficulty with housing costs up 11 points compared to last June June 5, 2023 – Inflation has proven a difficult foe for the Bank of angusreid.org READ MORE >> Investing.com Canadians Hold Off on Home Purchases Amid Economic Concerns, High Mortgage Rate By Investing.com Canadians Hold Off on Home Purchases Amid Economic Concerns, High Mortgage Rate ca.investing.com READ MORE >> To Do Canada $146K in Calgary, $322K in Vancouver: This is How Much You Need to Earn to Afford a Home in Canadian Cities in 2023 | To Do Canada Though you need $322,245 and $236,221 as annual household income to afford a representative non-condo home in Metro Vancouver and Toronto, respectively, the latest Housing Affordability Report... Read more » todocanada.ca READ MORE >> Financial Post Most Canadians waiting for mortgage rates to drop to reenter housing market: poll The housing market may be hearing up again, but most Canadians are still waiting on the sidelines for mortgage rates to drop, with some giving up on the idea of buying a home entirely, a recent poll by BMO suggests. Concerns about interest rates, inflation and a possible economic recession have affected Canadians’ approaches to homebuying, according to the report. Home prices have started to firm up again and sales increased by 11.3 per cent in... msn.com READ MORE >> Better Dwelling Bank of Canada Needs Higher Rates To Stabilize Real Estate & Counter Fed: Scotiabank - Better Dwelling One of the country’s largest banks sees Canadian real estate getting out of control, and it can hit the whole economy. Scotiabank warns the Bank of Canada (BoC) needs to hike rates soon, or real estate and inflation will get out of control again. Failing to do so won’t just drive home prices higher, but […] betterdwelling.com READ MORE >> O Canada Almost a third of Canadians 'struggling' to get by financially: Poll Housing affordability plus the cost of groceries have also seen Canadians using credit to keep up. o.canada.com READ MORE >> Baystreet Toronto Home Sales Rose 25% In May, Vancouver Sales Up 15.7% Home sales in the Greater Toronto Area (GTA) rose 25% in May from a year earlier and were up 20% from April as Canada’s biggest housing market continues to recover from a sharp slowdown prompted by higher mortgage rates. The Toronto Regional Real ... baystreet.ca READ MORE >> CTV News Torontonians making more than $236K need to save for about 25 years to buy a house in the city: report It will take Torontonians who make over $236,000 per year about 25 years to save for a down payment on a house, according to a new housing affordability report. But, the report also notes the real estate market is seeing improvement in affordability. iheartradio.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, or Investing 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:   ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca SearchRealEstateInToronto.ca | Rent to Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials 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