22nd June 2023 - The Latest Buzz: Greater Toronto Real Estate News!

💥 Thursday 22nd June 2023 💥 Home Buying Insider Tips! The Latest Buzz: Greater Toronto Real Estate News! "Unlocking the secrets to seamless home buying and selling with our comprehensive reports and prime listings!" Welcome to "The Latest Buzz: Greater Toronto Real Estate News!" Our daily newsletter is your ultimate source for the hottest news, trends, and buzzworthy updates in the Greater Toronto real estate market. We understand that staying informed is crucial, and our newsletter brings you the most exciting and impactful stories shaping the real estate landscape. Whether you're a buyer, seller, investor, or industry enthusiast, our curated content covers a wide range of topics, including market insights, new listings, neighborhood highlights, design trends, and more. Stay ahead of the curve and be in the know with our daily dose of the latest buzz. Subscribe now to "The Latest Buzz: Greater Toronto Real Estate News!" and get your finger on the pulse of the dynamic Greater Toronto real estate scene. What are the Insider Tips that can Save Thousands of Dollars on my Home Purchase? When purchasing a home in Toronto, there are several insider tips that can help you save thousands of dollars: Work with an Experienced Real Estate Agent: A knowledgeable real estate agent with expertise in the Toronto market can provide valuable insights and guidance. They can help you find properties that fit your budget and negotiate favorable terms on your behalf, potentially saving you money. Research the Market: Stay informed about the current market conditions in Toronto. Understand the average home prices in the neighborhoods you're interested in and monitor any fluctuations. Being aware of market trends can help you make more informed decisions and identify potential bargains. Be Flexible with Timing: Consider buying during periods when there may be less competition, such as during the winter months or when there are fewer buyers in the market. Sellers may be more willing to negotiate and offer better deals during these times. Attend Open Houses: Take advantage of open houses to explore properties firsthand. This allows you to evaluate the condition of the home and assess its value. It also provides an opportunity to speak with the listing agent and gather more information about the property. Get Pre-Approved for a Mortgage: Before you start house hunting, get pre-approved for a mortgage. This will give you a clear understanding of your budget and strengthen your position when making an offer. It also shows sellers that you're a serious buyer. Negotiate Smartly: Don't be afraid to negotiate on the price and terms of the offer. Work with your real estate agent to determine a reasonable offer based on market conditions and comparable sales in the area. Explore opportunities for concessions, such as requesting the seller to cover closing costs or include certain appliances in the sale. Consider Off-Market Properties: Keep an eye out for off-market or pocket listings, which are properties not officially listed on the market. These properties may offer more negotiating opportunities and potential savings as there may be less competition. Do Due Diligence: Conduct thorough inspections and evaluations to uncover any potential issues or costly repairs. This includes hiring a professional home inspector, reviewing property documents, and assessing the condition of major systems and components. By implementing these insider tips, you can maximize your savings and potentially secure a better deal on your home purchase in Toronto. Remember to consult with a trusted real estate professional who can provide personalized advice based on your specific needs and the local market conditions. Is it smart to invest in property right now? Real estate has often been considered a safe option for the more cautious investor. Here are some things to consider before investing in property in Canada in 2023. rates.ca READ MORE ... What happens if you only pay interest on your home? - BNN Bloomberg Some Canadians have extended the amortization period on their mortgages, and real estate experts say it could bring uncertainty for renewals. bnnbloomberg.ca READ MORE ... Optimism prevails among first-time and prospective homebuyers despite economic challenges, survey finds - Mortgage Rates & Mortgage Broker News in Canada Despite rising interest rates and a challenging economic environment, first-time and prospective homebuyers are much more optimistic about Canada's housing market compared to the general population. canadianmortgagetrends.com READ MORE ... 10 Things To Look For When Touring Potential Rental Apartments In Montreal - Canada Immigration and Visa Information. Canadian Immigration Services and Free Online Evaluation. Finding an apartment is the easy part. Choosing a place that checks all your boxes can be challenging. Viewing apartments for rent can be overwhelming with all the different property types. Here are 21 tips on how to find the best apartments for rent. immigration.ca READ MORE ... B.C. has highest proportion of renters spending more than half their income on rent and utilities | CBC News British Columbia has the highest proportion of renters spending more than half of their income on rent and utilities in Canada, according to new data released Monday.  cbc.ca READ MORE ... B.C. leads Canada as average rents skyrocket 30 per cent in five years - Trail Daily Times Premier David Eby says government is turning over ‘every rock’ to build more housing in B.C. trailtimes.ca READ MORE ... ‘There’s a real crushing effect’: Number of renters in Ontario rising alongside costs, housing index says The number of people renting in Ontario is going up, and so are rental prices, putting more pressure on an already precarious housing system. cp24.com READ MORE ... This tiny dated 2-bedroom Toronto home is going for almost $2 million The Toronto real estate market is officially back on its BS, and you know how you can tell? When a "rare offering" like this comes up.  1... blogto.com READ MORE ... Why Airbnb in Toronto is a Great Investment Why Airbnb in Toronto is a Great Investment - Toronto is a vibrant city in Ontario, Canada, attracting millions of visitors annually. As one of the most... siliconindia.com READ MORE ... Home Listings Plummet as High Mortgage Rates Tie Owners Down - BNN Bloomberg The number of homes for sale in the US fell to record low levels in May, according to real estate brokerage Redfin Corp., as high mortgage rates continue to deter people from moving. bnnbloomberg.ca READ MORE ... Nova Scotia man’s cottage sold without his knowledge—then returned to him by new owners After owning his cottage for over 40 years, a Nova Scotia man's cottage was sold without the owner's knowledge in a tax sale. cottagelife.com READ MORE ... New Home Prices See First Monthly Increase Since August 2022 Rising construction costs have led to the first monthly increase in new home prices Canada has seen since last summer. storeys.com READ MORE ... Condominium conversions and new home warranties | Building Excellence buildingexcellence.ca READ MORE ... These are the Ontario cities with home prices cheaper than the national average After a turbulent 2022, home sales and prices in Canada have been trending upward this year, with the national average home price reaching $754,700... blogto.com READ MORE ... Resale market rebound spurs rise in home prices after 10 months of decline Canadian housing market shows signs of recovery with the first upturn in home prices in 11 months after a prolonged period of decline. See which cities are leading the way. realestatemagazine.ca READ MORE ... Canada's construction industry faces severe labour shortage, warns economist Canada's construction industry is in trouble due to a severe labor shortage. What does this mean for the country's housing crisis? realestatemagazine.ca READ MORE ... Remote Landlord: How to Manage Properties Remotely | SmartMove Being a remote landlord offers many great benefits. Learn how to be a remote landlord in this guide by SmartMove. mysmartmove.com READ MORE ... Four Reasons Canada’s Real Estate Bubble Is A Systemic Banking Risk - Better Dwelling Canada’s banks developed a global reputation as some of the most prudent in the world after 2008. It’s a factor that makes it hard for many to believe there’s a real estate bubble—the country’s responsible banks just wouldn’t allow it, right? Unfortunately, the only thing Canada’s banks learned is they’re too big to fail, and […] betterdwelling.com READ MORE ... BoC debated waiting until July to hike rates, but says data prompted it to act sooner The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data. ctvnews.ca READ MORE ... Single-family home construction in Calgary unable to meet demand Housing starts for single-family detached homes in Calgary declined in the first quarter of 2023 after setting a record last year theglobeandmail.com READ MORE ... How much debt is normal in Canada? We break it down by age - MoneySense Do Canadians really owe $1.84 for every $1 they earn? For some, yes. And for others, even more. Where do you fit within the numbers? moneysense.ca READ MORE ... Weekly mortgage demand was flat, even as interest rates drop for the third straight week The average rate on the most popular mortgage, the 30-year fixed, fell for the third straight week msn.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

21st June 2023 - Curated Greater Toronto Real Estate Headlines!

★ Wednesday 21st June 2023 ★ 11 Home Inspection Pitfalls - FREE Report Curated Greater Toronto Real Estate Headlines! "Maximizing your success in home buying and selling with our free reports and exclusive listings!" Welcome to "Curated Greater Toronto Real Estate Headlines!" Our daily newsletter is your trusted source for carefully curated headlines highlighting the most important news and updates in the Greater Toronto real estate market. We understand that your time is valuable, and our team of experts handpicks the most relevant and impactful stories to keep you informed. Whether you're a buyer, seller, investor, or industry professional, our headlines cover a wide range of topics, including market trends, new developments, mortgage rates, and regulatory changes. Stay on top of the latest happenings and gain valuable insights with our curated headlines. Subscribe now to "Curated Greater Toronto Real Estate Headlines!" and receive a concise and comprehensive snapshot of the Greater Toronto real estate market straight to your inbox. What is a Home Inspection and why is it important when Buying a Home in Toronto? A home inspection is a thorough evaluation of a property's condition conducted by a professional home inspector. It is an essential step when buying a home in Toronto or anywhere else. Here's why a home inspection is important: Uncover Potential Issues: A home inspection helps identify any existing or potential problems with the property. The inspector will examine the structural elements, electrical systems, plumbing, HVAC (heating, ventilation, and air conditioning), roofing, and other components of the home. This evaluation can reveal issues such as structural damage, leaks, faulty wiring, plumbing problems, and more. Ensure Safety: A home inspection focuses on safety concerns that may not be immediately visible to buyers. It helps identify hazards like mold, asbestos, radon, or other health and safety risks. Knowing about these issues allows you to make informed decisions and take appropriate steps to address them before finalizing the purchase. Assess the Property's Condition: By conducting a thorough inspection, you gain a better understanding of the overall condition of the property. This information helps you determine if the home meets your expectations and if any repairs or maintenance work is required. It can also be used as a basis for negotiation with the seller regarding repairs or adjustments to the purchase price. Peace of Mind: A comprehensive home inspection provides peace of mind to buyers. It offers reassurance that they are making an informed decision and have a clear understanding of the property they are purchasing. It also helps prevent surprises or unexpected expenses after closing the deal. In Toronto's competitive real estate market, it's important to conduct a home inspection within the timeframe specified in the offer. While it may come with an additional cost, the benefits far outweigh the expense. Hiring a qualified and experienced home inspector is crucial to ensure a thorough evaluation of the property. Your real estate agent can recommend reputable home inspectors in Toronto to help you with the process. Overall, a home inspection is an essential step to protect your investment and make an informed decision when buying a home in Toronto. It provides valuable insights into the property's condition and helps you avoid potential issues down the line. 14 of the 50 Largest Cities in Canada Where Renters Can Afford to Buy a Starter Home | To Do Canada Only Regina, Calgary, Edmonton, Saskatoon, and Winnipeg meet the criteria of the right income, right home price and high market share of starter homes, says Point2Homes.com, a... Read more » todocanada.ca Read Now First-time buyers hit in mortgage chaos Mortgages geared toward first-time buyers have fallen thick and fast off the market throughout June, as lenders squabble to change deals ahead of a further... proactiveinvestors.com Read Now Popularity of variable-rate mortgages plummets to pre-pandemic levels - Mortgage Rates & Mortgage Broker News in Canada The popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020. canadianmortgagetrends.com Read Now Struggling to make ends meet? Here are some ways to get help "I would hate for people to have that sticker shock when it comes time to renew (their mortgages). We’re not talking a couple hundred bucks here and there. Some of these are $1,000 and that’s a make-or-break change for someone with a budget.” infotel.ca Read Now Businesses' changing credit usage a worrying trend: Equifax Equifax Canada says new data suggests a significant shift in credit usage among businesses in the first quarter of 2023. ctvnews.ca Read Now Thorold family of four moves into new house through Habitat for Humanity Mavis Mataga’s family finally has enough room to breathe in their new Thorold home. niagarathisweek.com Read Now Gatineau tenants feeling the squeeze as rental rates rise, vacancy 'practically zero' | CBC News As the July 1 moving day in Quebec is fast approaching, industry groups say more and more tenants are planning to stay put because of low vacancy and skyrocketing rental rates. cbc.ca Read Now Residents oppose 12-storey rental apartment buildings on a church property in Mississauga | insauga A plan for two 12-storey apartment buildings with affordable housing on a church property in Mississauga came up against opposition recently. insauga.com Read Now 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 Now Exclusive: More than 100,000 B.C. households at risk of homelessness due to rental crisis The average rent in B.C. increased 30 per cent from 2016 to 2021 — the largest increase of any province — making B.C. one of the country’s most unaffordable place for renters to live, according to a new analysis. The latest findings from the Canadian Rental Housing Index , a national database of rental housing data, revealed a “staggering increase” in rental costs across the country, with B.C. and Ontario leading the country with the highest... msn.com Read Now Canada’s Bank Regulator Moves To Tighten Credit As Impaired Loans Surge - Better Dwelling Canada’s bank regulator is growing increasingly concerned about a risk event. This morning the Office of The Superintendent of Financial Institutions (OSFI) raised the Domestic stability buffer (DSB) target 50 basis points (bps) to 3.5% of risk weighted assets (RWA). Banks subject to the buffer will have until November 1, 2023 to get it done. […] betterdwelling.com Read Now Canadian mortgage growth is weakest in 20 years amid high rates - BNN Bloomberg Canadians’ mortgage borrowing hit the lowest level since 2003 amid higher interest rates. bnnbloomberg.ca Read Now Spotlight: Gorgeous Bracebridge bungalow, “a paradise of perfection”, showcases the latest in design Masterfully done inside and out, this home is an entertainer’s delight newmarkettoday.ca Read Now 'Outside of the box': A dome home in Milton is now for sale for $2.1 million 30-foot ceilings and a pool thespec.com Read Now ‘There’s a real crushing effect’: Number of renters in Ontario rising alongside costs, housing index says The number of people renting in Ontario is going up, and so are rental prices, putting more pressure on an already precarious housing system. cp24.com Read Now Toronto landlord files to evict some tenants refusing to pay rent amid rent strike | CBC News The landlord of a Thorncliffe Park building where tenants are on a rent strike has filed at the Landlord and Tenant Board to evict some of the people who have been withholding rent since May 1.  cbc.ca Read Now Home insurance: Are you covered for wildfires, floods and other climate-related disasters? - MoneySense Severe weather and disasters due to climate change are increasing home insurance costs in Canada. Here’s how to lower your rates and protect your home. moneysense.ca Read Now What expenses can you deduct when renovating a rental property? - MoneySense The purpose of the renovations, as well as the occupancy of the building, can influence whether the expenses are tax deductible or not. moneysense.ca Read Now 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