13th June 2023 - Toronto's Hottest Real Estate Headlines!

★ Tuesday 13th June 2023 ★ Condos For Sale From 215K Onwards Hot Toronto GTA Listings! Hamilton Listings From 175K Onwards! Toronto's Hottest Real Estate Headlines! "Stay Up-to-Date with Toronto's Real Estate Market." Welcome to "Toronto's Hottest Real Estate Headlines!" Our daily newsletter is your go-to source for the most sizzling and trending news in the Toronto real estate market. We understand that staying up to date is essential, and our newsletter brings you the juiciest headlines, market updates, and insider information. Whether you're a buyer, seller, investor, or simply curious about the real estate scene in Toronto, our curated content covers a wide range of topics, including new listings, market trends, investment opportunities, and exciting developments. Don't miss out on the hottest news in town – subscribe now to "Toronto's Hottest Real Estate Headlines!" and be in the know about the buzzworthy stories shaping the Toronto real estate landscape. How to Save Thousands When Buying a Home in Toronto? Saving thousands when buying a home in Toronto requires careful planning and smart strategies. Here are some tips to help you save money: Research and Comparison: Thoroughly research the Toronto real estate market to gain a deep understanding of prices, neighborhoods, and trends. Compare multiple properties to identify opportunities where you can find better value for your money. Set a Budget and Stick to It: Determine your budget before starting your home search and be disciplined about sticking to it. Consider all the costs involved, including the down payment, closing costs, and ongoing expenses like property taxes and maintenance. Get Pre-approved for a Mortgage: Before you begin house hunting, get pre-approved for a mortgage. This not only helps you understand your borrowing capacity but also puts you in a stronger position when negotiating with sellers. Negotiate the Purchase Price: Don't be afraid to negotiate the purchase price. Research comparable sales in the area and use that information to make a reasonable offer. Consider working with a skilled real estate agent who can help you navigate negotiations effectively. Consider Off-Peak Seasons: The real estate market experiences fluctuations throughout the year. Consider buying during off-peak seasons when there may be fewer buyers and more motivated sellers. This could potentially give you more negotiating power and access to better deals. Take Advantage of First-Time Homebuyer Programs: In Canada, there are various programs and incentives available for first-time homebuyers. These can include tax credits, grants, or assistance with down payments. Research and explore the programs that you may qualify for to help save money. Be Mindful of Closing Costs: Closing costs can add up significantly. Be aware of these costs, which may include land transfer taxes, legal fees, home inspections, and title insurance. Factor them into your budget and try to negotiate some of these costs with the seller. Consider Fixer-Uppers: Properties that require some cosmetic updates or renovations can often be purchased at a lower price. If you're willing to put in the effort and have a renovation plan in mind, buying a fixer-upper can be a way to save money and build equity. Don't Skip the Home Inspection: While it may seem like an additional expense, a professional home inspection can potentially save you from costly repairs or issues in the future. Identifying any problems upfront allows you to negotiate repairs or reconsider your purchase if necessary. Work with a Skilled Real Estate Agent: A knowledgeable and experienced real estate agent can provide valuable guidance throughout the buying process. They can help you find properties within your budget, negotiate on your behalf, and navigate the complexities of the Toronto real estate market. By implementing these strategies and being diligent in your approach, you can potentially save thousands when buying a home in Toronto. Remember to conduct thorough research, seek professional advice, and carefully assess your financial situation to make informed decisions that align with your long-term goals. Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO - Better Dwelling Canadian interest rates are expected to climb further, and take mortgages rates with them according to BMO. betterdwelling.com READ MORE >> Only 7 homes for sale for less than $200K in Hamilton: report | inTheHammer Hamilton, a bustling city in Ontario, is grappling with a severe shortage of affordable housing options. That said, it does offer some more affordable homes. Recent data by Point2, a real estate website, revealed that among Ontario’s five most populous cities, Hamilton tops the list for having the most number of homes for sale under […] insauga.com READ MORE >> No house? No worries: How to tip the financial scales in your favour if you can’t afford to buy a home Gone are the days of buying a house on one salary and living in it until you sell it for three or four times the original amount, cashing in on toronto.com READ MORE >> The FHSA: What You Need to Know There is a new registered plan called the First Home Savings Account, or FHSA, to help Canadians save for their first home. blog.remax.ca READ MORE >> What is the Missing Middle in Canada’s Housing Market? Canada's housing affordability crisis has forced industry experts to call for more "missing middle" housing. What is it and why is it needed? blog.remax.ca READ MORE >> Fearing higher rates, more Canadians may be refinancing their mortgage Using RATESDOTCA mortgage quoter data, we got a current read on how mortgage activity has changed from 2022 so far in 2023. rates.ca READ MORE >> Spotlight: How to qualify for a bad credit mortgage by working with a reputable lender Private mortgage lenders aim to assist clients with low credit scores find mortgage solutions sootoday.com READ MORE >> These are the most affordable Ontario cities to buy a house in 2023 Ontario residents hoping to buy a house in an affordable city may have to travel pretty far outside the Greater Toronto Area. cp24.com READ MORE >> Tips for helping children buy a home | Advisor's Edge Strategies to minimize tax implications, including the FHSA advisor.ca READ MORE >> Elevated interest rates and cost of living are affecting Canadians’ bottom line There is a significant rise in millennials accruing debt, which can be attributed to a recent increased reliance on credit cards. hilltimes.com READ MORE >> Landlords could cancel rental lease transfers under new Quebec bill | CBC News Tenant rights groups and landlord associations are criticizing the Coalition Avenir Québec government's newly tabled housing legislation which proposes several changes to leases, including modifying eviction procedure and lease assignments. cbc.ca READ MORE >> Average rent in Ottawa increases 14 per cent in last year The June 2023 Rent Report from Rentals.ca and Urbanation shows the average rent for all apartment and condo listings in Ottawa was $2,134 in May, a 14.6 per cent increase from May 2022. ottawa.ctvnews.ca READ MORE >> National Rent Report May 2023: Roommate Rents Top $1200 in Toronto & Vancouver | To Do Canada The Canadian rental market experienced an overall increase of 6.5% in May 2023, the smallest annual increase since December 2021, according to the latest National Rent Report... Read more » todocanada.ca READ MORE >> Oshawa well down the GTA list for rent increases in May but still above national average | inDurham Average asking rents in Oshawa rose year-over-year above the national average but were renter-friendly compared to the rest of the GTA. According to figures from Rentals.ca and Urbanation’s latest National Rent Report, rates climbed 6.5 per cent in May, the lowest annual increase since December 2021. But average rent for all property types on the […] insauga.com READ MORE >> St. Catharines sees April to May one-bedroom rent hikes stay at zero | inNiagaraRegion When 35 communities across Canada were studied to see the levels of the April-to-May rent hikes for one-bedroom units, St. Catharines was one of just three that saw a zero per cent difference. When one-bedroom rent hikes from April-to-May were measured by rental.ca, St. Catharines stayed even at $1,671/month. However, compared to May 2022, the […] insauga.com READ MORE >> Average cost of rentals still climbing in Burlington and Oakville | inHalton The average cost of rentals went up by its lowest percentage this past month in Canada, but the rental market in Oakville and Burlington and is still among the most expensive. Average annual rentals went up by 6.5 per cent across the country, the lowest increase since December of 2021 according to the latest National […] insauga.com READ MORE >> Average annual rents in Canada up 6.5%; lowest increase in year and a half - Indo-Canadian Voice Vancouver annual average rent increase slows to 10% for condo rentals, apartments AVERAGE asking rents in Canada rose 6.5 per cent in May, the lowest percentage annual increase since December 2021, according to the Rentals.ca  and Urbanation latest National Rent Report. (The data includes single-detached homes, semi-detached homes, townhouses, condominium apartments, rental apartments and basement apartments. Outlier listings are removed, […] voiceonline.com READ MORE >> Toronto rents just skyrocketed again and here's how much you'll need to spend It will now cost you well north of $2,800 to rent an apartment in Toronto, and renters looking to move into a new home will have to fork over more ... blogto.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. iheartradio.ca READ MORE >> St. John's homeowner whose house was used in rental scam warning others | CBC News She worries the hot housing market in St. John's is leaving some people more vulnerable to scams. cbc.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

12th June 2023 - Toronto Real Estate: The Latest Buzz!

★ Monday 12th June 2023 ★ STOP Renting START Owning! Toronto Real Estate: The Latest Buzz! "Discover the Latest Developments in Toronto's Real Estate Scene!" Welcome to "Toronto Real Estate: The Latest Buzz!" Our daily newsletter is your ultimate source for all the buzzworthy updates, trends, and developments in the Toronto real estate market. We understand that staying in the loop is crucial, and our newsletter brings you the most exciting and noteworthy news straight to your inbox. Whether you're a buyer, seller, investor, or industry enthusiast, our curated content covers a wide range of topics, including market insights, new listings, design trends, neighborhood spotlights, and much more. Don't miss out on the buzz – subscribe now to "Toronto Real Estate: The Latest Buzz!" and be the first to know what's happening in the dynamic Toronto real estate scene. What are the benefits of Owning a Home versus Renting? Owning a home and renting both have their advantages, but owning a home offers several benefits compared to renting. Here are some key benefits of homeownership: Building Equity: When you own a home, your mortgage payments contribute towards building equity. Over time, as you pay off your mortgage, you increase your ownership stake in the property, which can be a valuable asset and provide financial security. Stability and Control: Homeownership offers stability and control over your living situation. You have the freedom to personalize and modify your home to suit your needs, and you're not subject to the rules and restrictions imposed by landlords. Potential Appreciation: Real estate has the potential to appreciate in value over time. As the value of your home increases, you can benefit from capital appreciation and potentially build wealth. Tax Benefits: Homeowners can often take advantage of tax benefits, such as deducting mortgage interest and property taxes from their taxable income. These deductions can help reduce the overall cost of homeownership. Sense of Community: Owning a home often provides a stronger sense of belonging and community. You have the opportunity to establish roots in a neighborhood, build relationships with neighbors, and become part of a community. Investment Opportunity: Real estate can be a sound investment. Homeownership allows you to leverage your investment and potentially generate rental income through renting out a portion of your property or by investing in additional properties. Predictable Housing Costs: Unlike renting, where landlords can increase rent at the end of each lease term, homeownership offers more predictable housing costs. With a fixed-rate mortgage, your monthly mortgage payments remain stable, providing a sense of financial stability. Freedom to Customize: Homeowners have the freedom to customize and personalize their living space. You can make changes, renovations, and improvements to your home according to your preferences and lifestyle. It's important to consider your personal circumstances, financial goals, and lifestyle when deciding between homeownership and renting. Owning a home requires financial responsibility, maintenance, and long-term commitment. It's advisable to carefully evaluate your financial situation and consult with professionals to determine if homeownership is the right choice for you. This 11-foot-wide Toronto house just sold for $300K over asking It seems like only yesterday houses were struggling to sell, and many were even going for under asking. However, with home prices rising for a thir... blogto.com READ MORE ... $2.4-million townhouse in trendy Little Italy is Toronto’s Home of the Week Luxurious space includes a potential separate basement apartment, a landscaped backyard, and is located in a vibrant neighbourhood. thestar.com READ MORE ... More Bank of Canada hikes could be on the way, says CIBC's Tal "If you give them a choice – a recession versus inflation rising – they will go with a recession any day" mpamag.com READ MORE ... This $13 million Toronto home makes you feel like you live in the forest Some of you may recognize this house from the Anna Kendrick and Blake Lively movie A Simple Favor.  Others may recognize the neighbourhood for bein... blogto.com READ MORE ... The painful end of free money as real interest rates start to rise | RCI It may not have felt like it, but by one measure borrowing money was free. No more ici.radio-canada.ca READ MORE ... Is a massive wave of mortgage defaults coming to Sask.? One Regina broker says no With the Bank of Canada (BoC) increasing its kay rate once again this week to 4.75 per cent, many people with fixed-rate mortgages are feeling anxious about renewing. regina.ctvnews.ca READ MORE ... Don't expect the Bank of Canada to stop hiking rates anytime soon - The Hub The working hypothesis going into the rate decision was that more than a month or so of higher than anticipated GDP growth and flatlining inflation would be needed to force Governor Tiff Macklem off the sidelines and back into hiking mode. So why the surprise hike? thehub.ca READ MORE ... Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow - Mortgage Rates & Mortgage Broker News in Canada Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high of 6.95%. canadianmortgagetrends.com READ MORE ... Struggling with mortgage payments? Stretching the term can help — but it will cost you. Here are the numbers While lengthening your amortization period is one way to ease the burden of mounting housing costs, it should only be a temporary solution. thestar.com READ MORE ... Great Canadian housing bailout: How real estate unaffordability is being propped up A latticework of government demand-side policies are seemingly tailor-made to hold the line on unaffordably high real estate prices. nationalpost.com READ MORE ... This Week’s Top Stories: Canadian Mortgages Get More Expensive, and The Low Rate Era Is Over - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Warns The Era of Low Rates Is Over The Bank of Canada doesn’t see low interest rates returning anytime soon. Over the past 3 decades, the central bank argues that various factors have applied pressure to lower rates. As […] betterdwelling.com READ MORE ... Opinion | Is this the Bank of Canada’s last hike in interest rates? Don’t count on it … The misidentification of the source of today’s inflation, writes Gustavo Indart, leaves the bank with no option but to continue raising the rate until the economy goes into recession. therecord.com READ MORE ... Dealing with rising mortgage rates - Mortgage Matters The Bank of Canada’s latest interest rate hike will have both variable and adjustable rate mortgage borrowers bracing themselves for additional budget challenges after the its somewhat anticipated move to raise interest rates once again. castanet.net READ MORE ... Would extending mortgage amortization periods make cottages more affordable? While allowing more buyers to enter the market, extending amortization periods would put more stress on a market that already has high demand. cottagelife.com READ MORE ... Mortgage Q+A: What the Bank of Canada interest rate hike means for your mortgage Mortgage expert Leah Zlatkin answers your questions about what the Bank of Canada rate hike means for homeowners and buyers. Find out more gananoquereporter.com READ MORE ... Bank of Canada Warns The Era of Low Rates Is Over - Better Dwelling Canadians can barely remember the last time rates were this high, but get used to it. Bank of Canada (BoC) deputy governor Paul Beaudry, speaking a day after the rate hike, warned the era of low interest rates is over. They justified the forecast with a slate of reasons that didn’t quite make sense, and […] betterdwelling.com READ MORE ... Average rent in Ottawa increases 14 per cent in last year The June 2023 Rent Report from Rentals.ca and Urbanation shows the average rent for all apartment and condo listings in Ottawa was $2,134 in May, a 14.6 per cent increase from May 2022. ottawa.ctvnews.ca READ MORE ... May 2023 Oakville real estate update - bidding wars continue Property prices continued to climb as buyers found themselves in bidding wars having to make quick decisions on what is their single largest investment in May 2023. oakvillenews.org READ MORE ... Advice | Oops! Dream home was built, in part, on land owned by neighbours Case illustrates the vital importance of getting a building location survey, as house is built, in part, on neighbours’ land. therecord.com READ MORE ... Buying a House? The 10 "Must-Know Steps" – Energeticcity.ca Buying a house and becoming a homeowner is an exciting time in life. Here are 10 must-know steps that are common to almost everyone.  energeticcity.ca READ MORE ... Selling or buying a home, what should I know about signing documents online? Real estate transactions are a target for fraudsters and they have ways of sending you messages at just the right time to trick you, says Joe Richer. thepeterboroughexaminer.com READ MORE ... This North York condo with high-end renovations and unobstructed views of a golf course is listed for $520,000 The listing emphasizes glamorous updates to prove no expenses were spared, realtor Othneil Litchmore said. therecord.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, 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