20th June 2023 - Stay Informed: Hot News on Greater Toronto Real Estate!

★ Tuesday 20th June 2023 ★ NEW vs Resale Homes! Stay Informed: Hot News on Greater Toronto Real Estate! "Your trusted source for free reports, expert advice, and the hottest new listings!" Welcome to "Stay Informed: Hot News on Greater Toronto Real Estate!" Our daily newsletter is your go-to source for the latest and hottest news in the Greater Toronto real estate market. We understand the importance of staying up to date, and our newsletter delivers the most relevant and impactful news, market trends, and insider insights 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 updates, new developments, neighborhood spotlights, investment opportunities, and more. Stay ahead of the curve and make informed decisions with our timely and valuable information. Subscribe now to "Stay Informed: Hot News on Greater Toronto Real Estate!" and stay at the forefront of the dynamic Greater Toronto real estate scene. Can I negotiate the Price of a NEW Home in Toronto, or is it typically fixed? In the Toronto real estate market, the price of a new home is generally less negotiable compared to a resale home. Builders often set their prices based on market conditions, construction costs, and projected profit margins. However, there may still be some room for negotiation, especially during certain circumstances. Here are a few factors to consider when negotiating the price of a new home in Toronto: Pre-Construction Phase: If you are purchasing a home during the pre-construction phase, there might be more flexibility in negotiating the price. Builders may offer promotional incentives, upgrades, or discounts to attract buyers or sell remaining units. Market Conditions: If the market is slower or there is excess inventory, builders may be more open to negotiations. However, in a competitive market with high demand, the negotiation power may be limited. Customization and Upgrades: Builders often provide various customization and upgrade options. You can negotiate the cost or inclusion of specific upgrades as part of your purchase agreement. This can potentially add value to your home without necessarily reducing the base price. Multiple Offers: If there are multiple buyers interested in the same property, it can create a competitive bidding situation. In such cases, the price may become less negotiable, and buyers may need to submit their best offer. It's important to note that while price negotiation may be possible to some extent, builders have their own costs and profit margins to consider. It's advisable to work with a real estate agent or broker experienced in new home sales. They can provide guidance, market insights, and help you navigate the negotiation process to ensure you make an informed decision. Remember, even if the base price of a new home is less negotiable, there may be other areas where you can negotiate, such as upgrades, closing costs, or timelines. It's essential to consider the overall value and benefits of the property beyond just the purchase price when evaluating a new home purchase in Toronto. Here's how to make your dream of owning a home in Canada come true No house yet? These tips will help you buy your first property in Canada. Find out more. thewhig.com READ MORE ... Ontario rents have risen an astounding 27% in just a few years Buying a home in the Toronto area has long been completely out of the question for most who live here thanks to real estate prices skyrocketing eve... blogto.com READ MORE ... Changing amortization, cap on insured mortgages not the answer to affordability: CMHC | CityNews Kitchener TORONTO — The head of Canada’s housing agency says measures such as extending mortgage amortizations and changing the threshold to qualify for an insured mortgage are not the answer to the country’s housing... kitchener.citynews.ca READ MORE ... CBC Lite | News 5 years later, frustrated homebuyers still waiting for the keys cbc.ca READ MORE ... Canadian Real Estate Correction Not Over, Rising Sales Temporary: Oxford Econ  - Better Dwelling Canadian real estate is heating up, after a brief correction. Both prices and sales are up around most of the country—some markets rising by tens of thousands in May. Don’t expect it to last, warns a top economist. Oxford Economics warned clients they expect this to be a temporary boost, and the pullback for existing […] betterdwelling.com READ MORE ... Canadian housing market continues to surge as resale prices rise for fourth straight month - Mortgage Rates & Mortgage Broker News in Canada Average resale home prices continued to climb in May, marking the fourth consecutive monthly increase, the Canadian Real Estate Association reported today. canadianmortgagetrends.com READ MORE ... Why are so few homes being listed in Canada's housing market? The recent recovery has seen no influx of new listings mpamag.com READ MORE ... Are private mortgages becoming a first choice for first-time home buyers? - Brokers | Real Estate Secured Mortgage Investments   Lower home prices and the Bank of Canada’s two consecutive decisions to keep interest rates steady at 4.5% have inspired renewed curiosity among first-time home buyers that have been sitting on the sidelines. Although prices are starting to stabilize in some markets, the Canadian Real Estate Association (CREA) projects that the average home price … Continue reading "Are private mortgages becoming a first choice for first-time home buyers?" canadianlending.ca READ MORE ... Canada's housing market may not be as risky as the IMF thinks Statements about Canada’s heightened housing market risk have alarmed consumers, investors, lenders and policymakers. Read on. countyweeklynews.ca READ MORE ... House of the Week: $4.8 million for a Bellwoods Victorian recently restored to its former glory At 3,500 square feet, the property comes with four bedrooms, 10-foot ceilings, heated marble floors and a swanky garage in the backyard torontolife.com READ MORE ... Why this Toronto tenant is staging a rent strike - Macleans.ca Their landlords have proposed a nearly 10 per cent rent increase in the past two years macleans.ca READ MORE ... More B.C. renters are spending half their income on housing than anywhere else in Canada: Index | Globalnews.ca As of 2021, the index found that 11 per cent of B.C. renter households were also living in "overcrowded conditions," an increase of 21 per cent from 2016. globalnews.ca READ MORE ... 'I need to know where my money is': TD customers react to direct deposit issue Friday marked pay-day for many British Columbians, but some were shocked to find no cheque had been deposited. TD Bank was hit with "technical issues" that caused widespread outages for customers across western Canada. iheartradio.ca READ MORE ... Wildfire impact and pre-build issues when it comes to mortgages - The Mortgage Gal When I sat down to write this column, there were two themes from the last few weeks that jumped out at me. castanet.net READ MORE ... ‘My whole livelihood is put into this’: Wasaga campground residents say landlord-tenant hearing adjournment leaves them in limbo 40 homeowners in Cedar Grove Park waiting on hearing dates from Landlord-Tenant tribunal thespec.com READ MORE ... How to Pay Off Debt and Get Rich in 20 Years Once you've paid off all of your high-interest debt, you may wish to consider investing in dividend stocks like Royal Bank of Canada. fool.ca READ MORE ... Mortgage interest costs surge by nearly 70% in the past year - Mortgage Rates & Mortgage Broker News in Canada Mortgage interest costs have undergone a "dramatic" surge over the past year, having risen by nearly 70%, according to Statistics Canada. canadianmortgagetrends.com READ MORE ... Canada home prices rose in May: Index - BNN Bloomberg Home prices rose between April and May across Canada’s big cities, according to Teranet-National BankTM Composite House Price Index. bnnbloomberg.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 Toronto GTA. Contact me today!" Click Here For Hot New Current Available Toronto Real Estate Board [TREB] 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. GTA Toronto How does Rent-To-Own Homes work? Visit: http://www.manojatri.com/tour_homes  | Click Here for Power of Sale GTA Listings. Manoj Atri, REALTOR®  Experienced Toronto Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credit Low or Zero down With Cash Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 C: [416] 275-2089 | O: [416] 494-7653 | E: 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

19th June 2023 - Toronto's Real Estate Market: Your Daily Digest!

★ Monday 19th June 2023 ★ Toronto Homes Buying And Selling Reports! Daily Digest: Greater Toronto Real Estate News! "Empowering your home buying and selling journey with valuable reports and hot new listings!" Welcome to "Daily Digest: Greater Toronto Real Estate News!" Our daily newsletter is your ultimate source for a concise and comprehensive roundup of the latest news, trends, and insights in the Greater Toronto real estate market. We understand that your time is valuable, and our digest provides you with a curated selection of the most relevant information to keep you informed and up to date. Whether you're a buyer, seller, investor, or industry professional, our content covers a wide range of topics, including market updates, new listings, pricing trends, and expert analysis. Stay in the know and make informed decisions with our daily digest. Subscribe now to "Daily Digest: Greater Toronto Real Estate News!" and stay ahead of the curve in the fast-paced Greater Toronto real estate market. Master the Art of Buying and Selling: Your Ultimate Resource for Toronto Homes! Mastering the art of buying and selling Toronto homes requires access to reliable and comprehensive reports that provide essential information and insights. Our ultimate resource offers a wide range of reports to empower you throughout the process. For buyers, our reports provide in-depth market analysis, including current trends, neighborhood data, and property comparisons. You'll gain a competitive edge by staying informed about pricing dynamics, inventory levels, and emerging opportunities. Our reports also highlight key considerations like school districts, amenities, and transportation options, helping you make well-informed decisions. For sellers, our reports offer valuable information on pricing strategies, recent sales data, and market conditions specific to your area. You'll understand how to position your property competitively, attract potential buyers, and optimize your selling price. Our reports also provide insights into buyer preferences and trends, enabling you to showcase your home's unique features effectively. Whether you're a buyer or a seller, our reports cover essential topics such as financing options, legal considerations, and negotiation strategies. We also provide guidance on staging, marketing, and maximizing the value of your investment. With our comprehensive resources, you'll have the knowledge and tools to navigate the Toronto real estate market confidently. To access our reports, simply visit our website and explore our extensive library. You can download the reports directly or sign up for our newsletter to receive regular updates and exclusive insights. Our goal is to empower you with the information you need to make informed decisions, save time and money, and achieve your real estate goals in Toronto. Mastering the art of buying and selling Toronto homes is within your reach. Take advantage of our ultimate resource and unlock the knowledge and expertise you need to succeed in the dynamic Toronto real estate market. They wanted to replace cabin on their Lake Muskoka property. They did something completely different Swedish architects helped. Prefab was easier than having the little cottage built. “It was brought in by boat, lifted onto the property,” says owner. thespec.com READ MORE ... Some Canadian mortgage holders extending amortization periods by more than double: Expert - BNN Bloomberg As Canadians continue to deal with higher borrowing costs, one mortgage expert said some homeowners have been extending their amortization periods to more than double the typical 25 years. bnnbloomberg.ca READ MORE ... Vancouver was the house-price insanity capital of Canada. How did Toronto surpass it? As Toronto house prices pass those of its coastal sibling, experts point to special taxes, the greenbelt and even tsunami fears. niagarafallsreview.ca READ MORE ... Toronto neighbourhood fighting mass-evictions for massive residential complex Dozens of local residents in Toronto's Long Branch are fighting against a proposed development in the area that would replace five existing apartme... blogto.com READ MORE ... This is what a $5 million celebrity home looks like in Toronto With almost 65K Instagram followers and multiple features in The Globe and Mail and Elle Decor Magazine, Montana Labelle can be considered a ho... blogto.com READ MORE ... Canadian Real Estate Market Strength Unlikely To Last: RBC - Better Dwelling Canadian real estate prices are back to surging after a correction that barely lasted a year. However, the momentum carrying prices higher isn’t expected to last very long after the latest Bank of Canada (BoC) rate hike. RBC, the country’s largest bank, expects rising interest rates will throttle demand at a time when more supply […] betterdwelling.com READ MORE ... Canadian housing market getting hotter, will BoC be forced to cool it? New stats show a further gain in home sales and prices but policymakers are managing a delicate rate balance wealthprofessional.ca READ MORE ... Housing affordability will deteriorate unless we act soon: CMHC chief economist Construction efforts constrained by labour shortages, higher interest rates and costs for materials biv.com READ MORE ... This might be the cheapest detached house in Toronto right now Toronto house prices might be going up for the third month in a row and rent may be getting out of hand, but if you look hard enough you can still ... blogto.com READ MORE ... Refinancing mortgages could help those in ‘dire need’ of debt relief. What to know - National | Globalnews.ca The number of homeowners thinking about mortgage refinancing is rising, says Rates.ca. Here's what you need to know if you're considering consolidating your debt in a single loan. globalnews.ca READ MORE ... 69% of Baby Boomers Make This Costly Mortgage Mistake The error could potentially cost homeowners tens of thousands of dollars. moneytalksnews.com READ MORE ... Toronto wants more multiplexes built. But how will they be financed? | CBC News The building of a multiplex is not a budget-friendly undertaking in Toronto and that raises questions about how the people building them will finance their construction. cbc.ca READ MORE ... This Week’s Top Stories: Canadian Real Estate Strength To Fade & Supply Outpaced Population Growth - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Market Strength Unlikely To Last: RBC The Canadian real estate market has been surging since the Bank of Canada’s “pause” announcement, but RBC expects this momentum to slow due to rising interest rates and an improvement in inventory. Rising […] betterdwelling.com READ MORE ... Canadian Home Sales Continue To Pick Up Steam In May - muskoka411.com Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023. muskoka411.com READ MORE ... Many of Canada's greenest apartments are ultra-affordable. Here's why | CBC News Think you can’t afford an eco-home? Some of Canada’s greenest apartments go for as little as $85 per month. Here’s why — and what it means for both the climate crisis and the housing crisis. cbc.ca READ MORE ... Is it easier to find a pet-friendly apartment in Toronto or Vancouver? An expert weighs in Toronto has something we don't have. vancouverisawesome.com READ MORE ... ‘Good news for renters’: Barrie dips to 7th on Zumper’s list of most expensive Canadian rental markets City had a median rate of $1,830 for a one-bedroom unit in May, online property rental platform says. simcoe.com READ MORE ... Calgary family out thousands of dollars in rental scam - Calgary | Globalnews.ca A Calgary family says they were  swindled out of a half-month's rent and are sharing their story in the hope it will prevent others from being scammed in the same manner. globalnews.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 Toronto GTA. Contact me today!" Click Here For Hot New Current Available Toronto Real Estate Board [TREB] 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. GTA Toronto How does Rent-To-Own Homes work? Visit: http://www.manojatri.com/tour_homes  | Click Here for Power of Sale GTA Listings. Manoj Atri, REALTOR®  Experienced Toronto Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credit Low or Zero down With Cash Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 C: [416] 275-2089 | O: [416] 494-7653 | E: Manoj@ManojAtri.com Websites:   ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca SearchRealEstateInToronto.ca | Rent to Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Facebook Fan Page: Rent to Own Homes GTA • Pinterest • Tumblr Instagram • Twitter • NEW Facebook Fan Page • LinkedIn • 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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