29th June 2023 - Hot Topics in Greater Toronto Real Estate: Daily Scoop

★ Thursday 29th June 2023 ★ Questions Agents Hate! Hot Topics in Greater Toronto Real Estate: Daily Scoop! "Unleashing the potential of your home buying and selling ventures with our reports and sought-after listings." Welcome to "Hot Topics in Greater Toronto Real Estate: Daily Scoop!" Our daily newsletter is your go-to source for the hottest topics, trends, and insights in the ever-evolving Greater Toronto real estate market. We understand that staying informed is key, and our newsletter delivers the most buzzworthy news, market updates, and expert opinions 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 trends, new developments, neighborhood spotlights, design inspirations, and more. Get your daily scoop and be part of the conversation with "Hot Topics in Greater Toronto Real Estate: Daily Scoop!" Subscribe now and stay ahead of the curve in the dynamic Greater Toronto real estate scene. What qualities should I look for when choosing a Real Estate Agent in Toronto? When choosing a real estate agent in Toronto, there are several important qualities and factors to consider. Here are some key qualities to look for: Experience and Expertise: Look for a real estate agent with significant experience in the Toronto market. They should have a strong track record of successful transactions and a deep understanding of the local market dynamics, trends, and regulations. Market Knowledge: A good real estate agent should have up-to-date knowledge of the Toronto real estate market, including neighborhood trends, property values, and inventory. They should be able to provide insights and guidance based on current market conditions. Communication and Responsiveness: Effective communication is essential in a real estate transaction. Look for an agent who is responsive, accessible, and communicates clearly. They should keep you informed throughout the process, promptly answer your questions, and address any concerns you may have. Professionalism and Integrity: Choose an agent who conducts themselves with professionalism, honesty, and integrity. They should prioritize your best interests and adhere to ethical standards in their practice. Negotiation Skills: A skilled negotiator can help you secure the best possible deal. Look for an agent who has strong negotiation skills and a proven ability to advocate on your behalf, whether you're buying or selling a property. Network and Resources: A well-connected agent can provide access to a wide network of professionals, including mortgage brokers, home inspectors, lawyers, and contractors. This network can be valuable in facilitating a smooth transaction and providing additional resources as needed. Client Testimonials and Referrals: Consider reading client testimonials or asking for referrals from previous clients. This can give you insights into the agent's service quality, client satisfaction, and overall reputation. Compatibility and Trust: Building a good rapport with your real estate agent is crucial. Look for someone you feel comfortable working with, who listens to your needs, and understands your goals. Trust and rapport can go a long way in ensuring a positive and successful working relationship. Before making a final decision, it's advisable to interview multiple agents, ask questions, and assess their qualifications, experience, and approach. This will help you find an agent who aligns with your goals and can effectively represent your interests throughout the buying or selling process in Toronto. Ontario man protests at RBC headquarters claiming mistake made on his mortgage renewal Gerald Comeau has been leading a one man protest in front of Royal Bank of Canada (RBC) headquarters in downtown Toronto for the past six months. toronto.ctvnews.ca READ MORE ... Starter homes hardly exist in Canada anymore but here's where you can still buy one Back in our parents' and grandparents' day, buying a small starter home in the Toronto area for around two to three times your annual household inc... blogto.com READ MORE ... Guide to financing a home purchase in the United States for Canadians Looking to buy a home in the United States as a Canadian? Check out our guide for insider tips and tricks on financing your dream home. realestatemagazine.ca READ MORE ... Surreal Estate: $5 million for an Etobicoke beach house with a Malibu-like view What 4,000-square-foot suburban bungalow would be complete without five bedrooms, two kitchens, two decks and a closet you could live in? torontolife.com READ MORE ... Niagara House of the Week: Grimsby townhouse just steps from Lake Ontario | inNiagaraRegion This place: Three-bedroom, three-bathroom townhouse just steps away from Lake Ontario.  Price: $829,900 Address: 7 Lakelawn Road, Unit 35 Neighbourhood:  Grimsby Waterfront Big selling point: Fully finished basement, perfect for family room plus home office plus more. Less than a half hour away from Niagara Falls and American border. New GO Train station being build there soon. Features:   […] insauga.com READ MORE ... Toronto Real Estate Is Following Canada’s Climbing Mortgage Delinquencies  - Better Dwelling Canada’s largest real estate market is finally beginning to show some cracks. Equifax data reveals that Toronto mortgage delinquencies climbed again in Q1 2023. It’s inline with national data, which revealed increased mortgage delinquencies across the country. Normalization is expected after hitting record low rates, but it’s surprising to see since lenders are going to […] betterdwelling.com READ MORE ... Rate increases to create cooling effect for homebuyers, says TD The bank's Canadian market forecast has now been changed mpamag.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 ... Rising interest rates spark increase in rental demand as some would-be homebuyers shift strategies Rising interest rates have prompted many prospective homebuyers to shift their focus to the rental market, according to some realtors. realestatemagazine.ca READ MORE ... Halifax-area tenants fight back against eviction - Spring Landlords are looking for ways to build their wealth by exploiting the housing needs of workers and their families. But tenants can and must fight back. springmag.ca READ MORE ... Canadian housing market has "huge" Q2, but challenges loom ahead Are the booming sales and high prices of Canada's housing market sustainable? Find out what economists are warning about the latter half of 2023 realestatemagazine.ca READ MORE ... Homebuilding Costs in Canada Soar 51% as Population Surges - BNN Bloomberg Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, according to the nation’s largest lender. bnnbloomberg.ca READ MORE ... Majority of Millennials, Gen Z don't see homeownership as a possibility A recent survey from the Bank of Montreal show the majority of young Canadians believe their dream of owning a home are too far out of reach. atlantic.ctvnews.ca READ MORE ... Muskoka seeing increased listings and 'a significant number of price corrections,' say experts The Muskoka region may finally be starting to stabilize after several years of high-demand and high-prices. Canadian Real Estate Association (CREA) data cottagelife.com READ MORE ... New Brunswick tenants dealing with Canada's fastest-rising rents | CBC News Jaclyn Reinhart ended years of being a tenant when she bought a house in Saint John in April. She is thrilled with the change, especially after seeing the $934 per month, three bedroom apartment she moved out of  listed for rent in June by her former landlord for $1,800 plus utilities.   cbc.ca READ MORE ... RE/MAX® Voted Most Reputable Real Estate Company in Canada According to Leger’s 2023 Reputation Study, RE/MAX was ranked the most reputable real estate company in Canada. blog.remax.ca READ MORE ... Securities watchdog opens criminal investigation into mortgage broker who owes investors $226M | CBC News B.C. Securities Commission has opened an online portal to gather information about Victoria man Greg Martel, who clients have alleged was running a Ponzi scheme. cbc.ca READ MORE ... Canadian Inflation Slowing, But Not Enough To Prevent Rate Hike: BMO - Better Dwelling Canadian inflation is showing some encouraging signs, but the devil’s in the details. Statistics Canada (Stat Can) reported the growth rate for the Consumer Price Index (CPI) saw annual growth fall much lower than the market had forecast for May. BMO saw that as encouraging, but warns short-term growth isn’t budging, and that will reinforce […] betterdwelling.com READ MORE ... Tenants in Amherstburg facing fraud charges after allegedly lying on their application, landlord says | CBC News When Dan and Martene Sementilli purchased a town home in Amherstburg, they were hoping to give their children a leg up in the housing market years from now.  Instead, the couple will sell their property this summer after their tenants allegedly defrauded them out of thousands of dollars, resulting in criminal charges from the Windsor Police Service.  cbc.ca READ MORE ... How to Buy a Home Responsibly There are a plenty of smart reasons to buy and own a home, as long as you do it responsibly. moneytalksnews.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

28th June 2023 Your Daily Greater Toronto Real Estate Fix

★ Wednesday 28th June 2023 ★ Toronto Real Estate Fixer Upper - Myths & Facts! Your Daily Greater Toronto Real Estate Fix! "Elevating your Home Buying and Selling experience with our exclusive Reports and sizzling Listings." Welcome to "Your Daily Greater Toronto Real Estate Fix!" Our newsletter is designed to satisfy your daily craving for the latest news, trends, and insights in the Greater Toronto real estate market. We understand that staying up to date is essential, and our daily fix delivers the most relevant and exciting content straight to your inbox. Whether you're a buyer, seller, investor, or simply a real estate enthusiast, our curated content covers a wide range of topics, including market updates, new developments, home buying tips, investment strategies, and more. Get your daily dose of Greater Toronto real estate and stay in the loop with our comprehensive and engaging newsletter. Subscribe now to "Your Daily Greater Toronto Real Estate Fix" and satisfy your appetite for all things real estate. What are some common Myths associated with Buying a Fixer-Upper Property? Buying a fixer-upper property in Toronto can be an exciting opportunity, but it's important to separate myths from reality. Here are some common myths associated with buying a fixer-upper property in Toronto: Myth: Fixer-uppers are always a great deal. Reality: While fixer-uppers can offer potential value, not all of them are good deals. It's crucial to thoroughly evaluate the property, assess the required repairs or renovations, and consider the overall cost and time involved. Sometimes, the cost of renovations can outweigh the potential savings, making it less advantageous. Myth: Renovations are easy and inexpensive. Reality: Renovations can be complex and costly. It's important to have a realistic understanding of the required repairs and renovations, as well as their potential impact on your budget and timeline. Unexpected issues may arise during the renovation process, so it's crucial to have a contingency plan and budget for unexpected expenses. Myth: Renovations always increase property value. Reality: While renovations can enhance property value, it's not a guarantee. The value added by renovations depends on various factors, including the quality of work, market conditions, and buyer preferences. It's important to research the local market and consult with professionals to assess the potential return on investment for specific renovations. Myth: DIY renovations are always cost-effective. Reality: DIY renovations can save money, but they are not always the most cost-effective option. Some renovations require specialized skills and knowledge, and attempting them without expertise can lead to costly mistakes. It's important to honestly assess your capabilities and consider hiring professionals when necessary to ensure quality work and avoid additional expenses. Myth: All fixer-uppers are eligible for mortgages. Reality: Some fixer-upper properties may not meet the requirements of traditional mortgage lenders due to their condition. Lenders may have specific criteria for property condition and required repairs. It's important to explore financing options suitable for fixer-upper properties, such as renovation loans or construction mortgages, and work with a knowledgeable mortgage professional to find the right solution. Myth: Fixer-uppers are only for investors. Reality: Fixer-uppers can be suitable for a variety of buyers, including first-time homeowners. While investors often seek opportunities in this market segment, buyers looking to customize a home or enter a desired neighborhood at a more affordable price can also benefit from fixer-uppers. It's important to assess your goals, resources, and commitment before diving into a fixer-upper project. When considering a fixer-upper property in Toronto, it's crucial to do thorough research, consult with professionals, and have a clear understanding of your budget and renovation capabilities. By separating myths from reality, you can make informed decisions and maximize the potential of your fixer-upper investment. GTA real estate market: Overbidding frenzy continues According to a recent analysis by Wahi, 68% of GTA neighbourhoods experienced overbidding in May, up from 57% in April. realestatemagazine.ca Read More ... Don’t give up on your dreams of home ownership Take advantage of every government program aimed at getting you into the housing market, Nicolas von Bredow writes. thespec.com Read More ... Are you earning enough to own a home in Kitchener? Those looking to purchase a home in many southwestern Ontario cities will need to have a gross annual household income of at least $200,000. kitchener.ctvnews.ca Read More ... Average income needed to buy a home in Cambridge hits $200K To buy a home 1,500 sq/ft home in Cambridge experts say you'll need a household income of $200,000 cambridgetoday.ca Read More ... Not sure what house to buy? There's and AI tool for that. A Canadian inventor has created an AI tool to help people navigate Vancouver’s real estate market. AI PropertyIQ uses GPT4 technology to crunch data and provide the pros and cons of every home listed on the market, but some experts are already warning buyers to make sure they're still doing their own research. cbc.ca Read More ... Ontario woman shocked condo won't allow her emotional support dog in unit An Ontario woman said she was shocked to learn her emotional support dog wouldn't be allowed into her new condominium building. toronto.ctvnews.ca Read More ... Toronto Real Estate Is Following Canada’s Climbing Mortgage Delinquencies  - Better Dwelling Canada’s largest real estate market is finally beginning to show some cracks. Equifax data reveals that Toronto mortgage delinquencies climbed again in Q1 2023. It’s inline with national data, which revealed increased mortgage delinquencies across the country. Normalization is expected after hitting record low rates, but it’s surprising to see since lenders are going to […] betterdwelling.com Read More ... Toronto cop convicted of claiming dead man’s $800K estate after ex-girlfriend illegally opened his mail and turned him in - NOW Toronto A Toronto police officer has been convicted of fabricating a will so he could gain an estate worth over $800,000. nowtoronto.com Read More ... Inflation on mortgage rate interest costs hits a record high - BNN Bloomberg Overall inflation slowed in May to 3.4 per cent, but interest on Canadian mortgage costs rose a whopping 29.9 per cent – the highest increase on record for a third consecutive month as central bank interest rate hikes drive up housing costs. bnnbloomberg.ca Read More ... Lenders now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates Some banks mostly offer fixed-payment variable mortgages which allows homeowners to keep monthly payments the same, but leaves them vulnerable to paying little off the principal, experts say. therecord.com Read More ... Banks poised to withstand rising mortgage debt: Equity analyst - BNN Bloomberg As higher borrowing costs drive up mortgage debt, one analyst said most of the risks for banks lie in renewals and Canadian lenders have a few years to prepare. bnnbloomberg.ca Read More ... Inflation hits 2-year low due to base effects, but unlikely to prevent another Bank of Canada rate hike - Mortgage Rates & Mortgage Broker News in Canada As expected, Canada's headline inflation rate fell to a two-year low in May, although the decrease was driving by sharply lower gasoline prices compared to last year. canadianmortgagetrends.com Read More ... A Dilemma for the BoC: Mortgage Interest Costs Were the Primary Driver in May's CPI Print Latest data from Statistics Canada shows consumer prices rose 0.4% month-over-month to an annualized 3.4% in May, marking a substantial thedeepdive.ca Read More ... 'Sell us your residential buildings,' Montreal tells property owners | CBC News The City of Montreal and the Société d'habitation et de développement de Montréal have been acquiring rental properties and rooming houses in order to keep rents affordable some tenants, but that hasn't gone far to ease the city's housing crisis. cbc.ca Read More ... You can buy an entire Toronto apartment building for $4.25 million (PHOTOS) | Urbanized For the price of a luxury home, you can buy an entire 10-unit apartment building that some are calling a "long-term investment opportunity." dailyhive.com Read More ... Condo of the Week: $1.7 million for a West Queen West unit with a pandemic-proof oasis on its roof The 1,500-square-foot property comes with hidden doors, 10-foot ceilings, three bathrooms and Japandi flair torontolife.com Read More ... Update: Should You Choose a Fixed- or Variable-Rate Mortgage? If you’re in the market for a mortgage today, you may be experiencing some sticker shock now that mortgage rates have risen to their highest levels in more than twenty years. movesmartly.com Read More ... TD expecting another Bank of Canada rate increase soon A BoC policy rate of 5% is almost a certainty, bank says mpamag.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