9th June 2023 - Toronto Real Estate Insider: Get the Latest!

💥 Friday 9th June 2023 💥 Rent-To-Own Homes Toronto Toronto Real Estate Insider: Get the Latest! "Expert insights to guide you through the ever-changing GTA Real Estate Market" Welcome to "Toronto Real Estate Insider: Get the Latest!" Our daily newsletter is your exclusive access to the latest updates, trends, and insider information in the Toronto real estate market. We understand that staying ahead requires being in the know, and our newsletter provides you with a curated selection of news, analysis, and expert insights. Whether you're a buyer, seller, investor, or industry professional, our newsletter covers a wide range of topics, including market trends, investment opportunities, neighborhood highlights, and regulatory changes. Gain an insider's perspective and make informed decisions with our valuable content. Subscribe now to "Toronto Real Estate Insider: Get the Latest!" and stay one step ahead in the dynamic Toronto real estate market. Can I Qualify for a Rent-to-Own Program if I have Bad Credit? Qualifying for a rent-to-own program with bad credit can be challenging, as most landlords or sellers offering rent-to-own options will typically conduct a credit check as part of the application process. However, every rent-to-own arrangement is unique, and some landlords or sellers may be more flexible than others. Here are a few potential options to improve your chances of qualifying for a rent-to-own program with bad credit: Find a Motivated Investor: Look for landlords or investor who are more open to working with individuals with less-than-perfect credit. They may be more willing to consider your application if you can demonstrate your commitment to improving your credit and financial situation. Offer a Larger Down Payment: Providing a larger down payment can show your seriousness and commitment to the rent-to-own agreement. It can also help offset the perceived risk of your bad credit. Provide Strong References: Furnish strong character and rental references from previous landlords who can vouch for your reliability, on-time payments, and responsible tenancy. These references can help balance out the negative impact of your credit history. Work on Improving Your Credit: Take proactive steps to improve your credit score over time. This may involve paying off outstanding debts, addressing any errors on your credit report, and establishing a positive payment history moving forward. As your credit improves, you may become more eligible for rent-to-own programs. Consider Rent-to-Own Assistance Programs: Some organizations or programs specialize in helping individuals with low credit scores or financial challenges find rent-to-own opportunities. These programs can provide guidance, resources, and connections to landlords or sellers who are more open to working with individuals with bad credit. It's important to note that each rent-to-own arrangement is unique, and the specific requirements and criteria will vary. It's advisable to consult with real estate professionals or organizations that specialize in rent-to-own programs to explore your options and get personalized guidance based on your specific circumstances. Better Dwelling Canada’s Cheapest Mortgages Are About To Get More Expensive  - Better Dwelling Canadian mortgage rates are once again rising, after a temporary decline that boosted home prices. Canada’s 5-year fixed term mortgage rate pulled back during the US banking crisis, helping to boost home prices. Surging government bond yields have rolled back the discount over just a few days. While the fixed term mortgage remains one of […] betterdwelling.com READ MORE >> paNOW Interest rate hikes leading to even higher mortgage payments for local homeowners Interest rates are up again which only spells bad news for local mortgage holders.The Bank of Canada announced... panow.com READ MORE >> CBC Radio How do we fix sky high rental increases? | CBC Radio Rental strikes aren't brand new in Canada, but they do seem to be on the rise as some tenant rights groups say they're pushing back against above guideline increases. cbc.ca READ MORE >> CTV News European family turfed from long-term Airbnb in Toronto to test renters’ rights A European family who says they were evicted from their long-term Airbnb rental in Toronto last week has sparked a precedent-setting fight. toronto.ctvnews.ca READ MORE >> Northern Ontario Business Spotlight: Navigating your mortgage options: Private lenders vs traditional mortgage lenders Will a private or traditional lender suit your needs best? northernontariobusiness.com READ MORE >> CTV News Rising interest rates making 30-year amortization more popular for homebuyers As interest rates continue to rise, the cost of buying a house in Ottawa and across Canada is becoming more expensive. Many homeowners are now forced to extend their mortgage payments. ottawa.ctvnews.ca READ MORE >> Times Colonist Borrowers may be looking for options as rates jump A quarter of a percentage point increase by the Bank of Canada Wednesday pushed the prime rate to 4.75 per cent, leaving borrowers with higher payments on mortgages and loans. timescolonist.com READ MORE >> CBC Interest hikes making home ownership more difficult for 1st-time buyers | CBC News The Bank of Canada announced an interest hike of a quarter point to 4.75 per cent Wednesday morning. cbc.ca READ MORE >> Re/Max An Update on the Halifax Housing Market After witnessing a meteoric ascent in home prices, has the Halifax housing market stabilized? Let's explore the latest data. blog.remax.ca READ MORE >> Real Estate Magazine Sellers emerge, but demand-supply imbalance persists across Canada Early reports from local boards unanimously show a rise in new listings in May — but it brought broad minimal relief to... realestatemagazine.ca READ MORE >> Alaska Highway News Metro Vancouver buyers compromising on housing type, location to find a home The current environment is causing homebuyers to rethink their ‘must-haves’ alaskahighwaynews.ca READ MORE >> CTV News Bank of Canada raises policy rate to highest level since 2001 The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January. iheartradio.ca READ MORE >> Financial Post The Bank of Canada just 'stomped' on the housing market rebound Just as Canada’s housing market was starting to rebound, the Bank of Canada has dealt it another blow. The bank’s decision to raise its key interest rate 25 basis points to 4.75 per cent on June 7 will put downward pressure on home prices, which have rebounded faster than the bank had expected, according to James Laird, co-chief executive of Ratehub.ca and president of CanWise mortgage lender. The rise brings the policy rate to the highest it’s... msn.com READ MORE >> Vernon Morning Star Bank of Canada’s interest rate hike a ‘mistake,’ says B.C. economist - Vernon Morning Star Marc Lee fears the rate hike will not fight inflation, but actually make it worse vernonmorningstar.com READ MORE >> Canadian Mortgage Trends With mortgage rates back on the rise, two-thirds of Canadians plan to delay their home purchase - Mortgage Rates & Mortgage Broker News in Canada Over two thirds (68%) of Canadians say they plan to wait until mortgage rates drop before they decide to purchase a house. canadianmortgagetrends.com READ MORE >> blogTO This detached Toronto home dropped its price and is now surprisingly under $900K Detached houses under $1 million in Toronto are basically unicorns unless they're being sold purely for land value. And yet, we've found ourselves ... blogto.com READ MORE >> O Canada CHERIAN: Housing affordability to take another hit with latest interest rate hike The recent decision to raise interest rates by 25 basis points to 4.75% sent shockwaves through the Canadian real estate market. o.canada.com READ MORE >> CTV News Vancouver 'Things just keep getting more expensive': B.C. residents brace for another interest rate hike With the Bank of Canada increasing its overnight lending rate 25 basis points, some Vancouver residents voiced their concerns regarding housing affordability. bc.ctvnews.ca READ MORE >> Maclean's Why Canada might just need a tenant revolution  - Macleans.ca A Q&A with housing researcher Ricardo Tranjan  macleans.ca READ MORE >> CTV News Are more interest rate hikes on the way? Here's what experts say In the wake of the Bank of Canada’s unexpected rate hike, economists are pointing to further tightening in the near term. ctvnews.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

8th June 2023 - Toronto Real Estate Watch: Daily Briefing!

💥 Thursday 8th June 2023 💥 Home Buying Insider Tips! Toronto Real Estate Watch: Daily Briefing! "Transforming your Real Estate journey in the GTA, from Novice to Expert" Welcome to "Toronto Real Estate Watch: Daily Briefing!" Our daily newsletter is your essential source for staying updated on the latest happenings in the vibrant Toronto real estate market. We understand the importance of being in the know, and our briefing provides you with a concise overview of the most important news, market trends, and developments. Whether you're a buyer, seller, investor, or industry professional, our newsletter covers a wide range of topics, including market insights, new listings, pricing trends, and expert perspectives. Don't miss out on key information that can impact your real estate decisions. Subscribe now to "Toronto Real Estate Watch: Daily Briefing" and stay ahead of the curve! How can I navigate the competitive Real Estate Market in Toronto? Navigating the competitive real estate market in Toronto can be challenging, but with the right strategies, you can increase your chances of coming out as a winner. Here are some tips to help you succeed: Get Pre-approved for a Mortgage: Before you start your property search, get pre-approved for a mortgage. This will show sellers that you are a serious and qualified buyer, giving you an advantage in a competitive market. Define Your Priorities: Determine your must-haves and nice-to-haves in a property. Be clear about your budget, desired neighborhoods, and property features. This will help you focus your search and make quick decisions when the right opportunity arises. Act Fast: In a competitive market, properties often receive multiple offers. When you find a property you like, act quickly. Work closely with your real estate agent to submit a compelling offer that stands out from the competition. Be Flexible: Consider being flexible with your offer terms. Shorten your contingencies, offer a larger deposit, or be open to accommodating the seller's preferred closing timeline. These concessions can make your offer more appealing to the seller. Work with a Knowledgeable Agent: Partner with an experienced real estate agent who has expertise in the Toronto market. They can provide you with valuable insights, access to off-market listings, and guide you through the negotiation process. Stay Informed: Stay up-to-date with the market conditions, including new listings, price trends, and recent sales. Being well-informed will help you make educated decisions and identify opportunities quickly. Prepare for Bidding Wars: In a competitive market, bidding wars are common. Set a budget and be prepared to participate in a bidding war if necessary. However, it's crucial to avoid getting caught up in the heat of the moment and overpaying for a property. Build Relationships: Establish good relationships with real estate professionals, including agents, mortgage brokers, and attorneys. Their connections and expertise can provide you with valuable opportunities and insights. Be Persistent: Don't get discouraged if you face multiple rejections or lose out on properties. Stay persistent and continue your search. The right opportunity will come along if you remain patient and persistent. Remember, buying a property in a competitive market requires careful planning, quick decision-making, and a proactive approach. By implementing these strategies and working with the right professionals, you can navigate the competitive Toronto real estate market and increase your chances of securing the property you desire. The London Free Press Why we feel pressured to buy a home, even if it's not the right choice for us Experts say there are a few holes in the age-old argument lfpress.com READ MORE >> CTV News Should you take advantage of the First Home Savings Account? Personal finance contributor Christopher Liew explains how First Home Savings Accounts work, who’s eligible for the program, and outlines the contribution rules. ctvnews.ca READ MORE >> blogTO Toronto man wonders if it's possible to rent an apartment for only $500 a month A Toronto man posted in the Facebook group "Apartments and rooms for rent in Toronto" seeking a room to rent for $500 a month. Despite hi... blogto.com READ MORE >> blogTO This $4 million Toronto home hasn't been on the market since the 60s Free love, flower power, hippies, psychedelic drugs, and political mayhem– ah, the hallmarks of the 60's and, incidentally, the era this house was ... blogto.com READ MORE >> CP24 What the interest rate hike means for mortgage holders, home hunters The Bank of Canada hiked its key interest rate Wednesday by a quarter percentage point, bringing the rate to 4.75 per cent - the highest it's been since April 2001. The hike is aimed at quelling inflation, which has proved stubborn, not moving down quickly enough toward the central bank's target of two per cent. However, the hike is also bound to weigh on those hunting for homes or holding mortgages. cp24.com READ MORE >> Better Dwelling Canadians Brace For Higher Mortgage Rates After Bank of Canada Hike - Better Dwelling Canada’s economy continues to outperform, despite rising interest rates. In response, the Bank of Canada (BoC) hiked its overnight rate by 0.25 points to 4.75%—the highest rate in over 10 years. To further throttle excess demand, the central bank is also reducing credit liquidity, as it attempts to prevent already elevated inflation from returning to […] betterdwelling.com READ MORE >> 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 >> BNN Bloomberg Rental market will suffer most amid Bank of Canada interest rate hike: Experts - BNN Bloomberg The Bank of Canada’s decision to hike rates on Wednesday will put additional pressure on Canada’s already tight rental market, experts say. bnnbloomberg.ca READ MORE >> Global News Southern Alberta real estate and business communities worried about interest hike - Lethbridge | Globalnews.ca Southern Albertans will have to drill deeper into their wallets after the Bank of Canada announced another interest rate hike Wednesday morning. globalnews.ca READ MORE >> The Conference Board of Canada The Bank of Canada Increased the Overnight Rate to 4.75 per cent Canadian exporters will encounter a range of competing forces over the next several months due to a slowed global economy. conferenceboard.ca READ MORE >> CBC News Windsor's real estate market is heating up for the summer The Windsor-Essex real estate market is heating up, according to the president-elect of the Windsor-Essex County Association of Realtors. Though sale numbers and prices are still not quite as high as what they were same time last year — they are getting close. The host of CBC Windsor News at 6 Katerina Georgieva explains. cbc.ca READ MORE >> Global News The Bank of Canada’s key rate rose again. Why another hike in July ‘looks likely’ - National | Globalnews.ca The Bank of Canada raised its benchmark interest rate on Wednesday amid concerns about a hot economy keeping the inflation higher. globalnews.ca READ MORE >> Canadian Mortgage Trends "More pain" for variable-rate mortgage holders as the BoC hikes rates - Mortgage Rates & Mortgage Broker News in Canada Variable-rate mortgage holders are in for "more pain" following the Bank of Canada's half-expected decision to hike interest rates again. canadianmortgagetrends.com READ MORE >> blogTO Someone is renting a room in Toronto for $1,300 with zero privacy Attempting to find a place to rent in Toronto that's within your budget range, in close proximity to transit or other points of interest, and doesn... blogto.com READ MORE >> Canadian Mortgage Trends BMO & CIBC hike fixed rates, and more lenders could join them as bond yields rise - Mortgage Rates & Mortgage Broker News in Canada Numerous lenders continued to raise fixed mortgage rates this week, including several big banks, and more hikes could be on the way as short-term bond yields hit a 15-year high. canadianmortgagetrends.com READ MORE >> CTV News Rate hike 'may be the last straw' for some homeowners: mortgage broker With the latest hike bringing Canada's key interest rates to levels not seen since 2001, one mortgage broker is warning that it may be 'the last straw' for some homeowners with variable mortgages. ctvnews.ca READ MORE >> BNN Bloomberg What mortgage owners need to know about the Bank of Canada's rate hike - BNN Bloomberg The Bank of Canada’s surprise decision to raise interest rates will bring about higher mortgage costs, according to experts. bnnbloomberg.ca READ MORE >> CBC News Some Canadian mortgage holders anxious over another possible rate hike With a roaring economy, rising inflation numbers and another possible interest rate increase, cash-strapped Canadian homeowners are getting worried their mortgage payments could soon be unaffordable. cbc.ca READ MORE >> Mississauga The News 'There’s nothing you can do': Peel landlord missing thousands in unpaid rent after year-long Landlord Tenant Board wait Ontario Ombudsman, small landlords group say delays leaving landlords and tenants "suffering" thespec.com READ MORE >> The Cochrane Times-Post Canadian banks raise prime rate to 6.95% after Bank of Canada hike Commercial banks are raising their prime rate to 6.95 per cent after the Bank of Canada hiked its interest rate on June 7. Read more  cochranetimespost.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. 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