1st July 2023 - Greater Toronto Real Estate Snapshot: Daily Recap

★ Saturday 1st July 2023 ★ FREE Home Evaluation Toronto GTA 🍁 Happy Canada Day! 🍁 On this special day, let's rejoice in the unity and diversity that makes Canada so unique! Greater Toronto Real Estate Snapshot: Daily Recap! "Unleashing the potential of your Home Buying and Selling ventures with our Reports and sought-after Listings." Welcome to "Greater Toronto Real Estate Snapshot: Daily Recap!" Our daily newsletter provides a comprehensive recap of the day's key events and trends in the dynamic Greater Toronto real estate market. We understand that time is valuable, so we deliver a concise summary of the most important news, market updates, and notable transactions directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our daily recap covers a wide range of topics, including market trends, pricing insights, new listings, and expert opinions. Stay informed and make informed decisions with our snapshot of the Greater Toronto real estate market. Subscribe now to "Greater Toronto Real Estate Snapshot: Daily Recap" and start your day with a comprehensive overview of the market. How can a FREE Home Evaluation help me understand the current Market Value of my Property in Toronto? A free home evaluation can provide valuable insights into the current market value of your property in Toronto. Here's how it can help: Accurate Pricing: A home evaluation conducted by a real estate professional takes into account various factors, such as the property's location, size, condition, recent sales data, and market trends. By analyzing these factors, the evaluation provides a realistic and accurate estimate of your property's market value. This information is crucial for setting the right listing price if you're planning to sell or understanding your property's worth if you're considering refinancing or leveraging its value. Comparable Sales Analysis: During a home evaluation, the real estate professional will review recently sold properties in your area that are similar to yours in terms of size, features, and location. This comparative market analysis (CMA) helps determine the fair market value of your property by considering the prices at which similar properties have recently sold. By comparing your property to others that have successfully sold, you can gain a better understanding of its value in the current market. Market Trends and Conditions: Real estate markets are dynamic and can fluctuate over time. A home evaluation takes into account the current market conditions, such as supply and demand, interest rates, and buyer preferences. This information helps you understand the broader trends impacting property values in Toronto. By considering these factors, you can make more informed decisions about your property, whether it's the right time to sell, or how your property fits within the current market landscape. Knowledgeable Insights: A real estate professional conducting the home evaluation has in-depth knowledge of the local market. They understand the nuances of Toronto neighborhoods, amenities, and other factors that influence property values. They can provide you with insights specific to your property and its location, helping you make better-informed decisions about pricing, timing, and potential improvements or renovations that could enhance your property's value. Transparency and Confidence: Getting a free home evaluation gives you transparency and confidence in knowing the current market value of your property. This knowledge empowers you in negotiations, whether you're selling, refinancing, or considering other real estate decisions. Understanding your property's value allows you to make informed choices and plan your next steps accordingly. To benefit from a free home evaluation, reach out to a reputable real estate agent or agency in Toronto. They will schedule a visit to your property, assess its condition and features, and provide you with a detailed analysis and estimated market value. This information is valuable for decision-making and gaining a better understanding of your property's worth in the current Toronto real estate market. How to build credit history in Canada - MoneySense Your credit score matters when you apply for a credit card, apartment lease or loan. Here’s how to improve your credit history as a newcomer or young adult. moneysense.ca READ MORE >> Buying a House? Here's a List of Info You're Going to Need to Supply – Energeticcity.ca Buying a house is an exciting time but can be overwhelming. Here's a list of info you're goin got need to supply to get a mortgage. energeticcity.ca READ MORE >> This 11-ft wide Toronto house that looks abandoned is going for almost $1 million People always say you should buy the worst house in the best neighbourhood.  So if that's your game plan, then 640 1/2 Euclid Ave. is the worst hou... blogto.com READ MORE >> Navigating the Waves: An Analysis of Toronto's Real Estate Market Trends in 2023 Stay ahead with the analysis of Toronto's real estate market trends in 2023. Make informed decisions for maximum returns. Explore now! canadianrealestatemagazine.ca READ MORE >> Toronto apartment building could be torn down for 69-storey condo tower A rental apartment building on a quiet downtown Toronto street could soon meet the proverbial wrecking ball (because demolitions are boring in this... blogto.com READ MORE >> 3 of the hottest Toronto homes on the market right now with pocket pools Each home features a vacation-ready swimming pool that fits the space perfectly — and plenty of room for a waterside patio! streetsoftoronto.com READ MORE >> Toronto housing market will feel the sting of rate hikes, says industry group The situation will become particularly difficult for first-time home buyers mpamag.com READ MORE >> Hundreds of tenants in Toronto community stop paying rent during strike against landlord Earlier this month, approximately 200 residents at 33 King St. — located near Weston Road and Lawrence Avenue West —  stopped paying rent and began... blogto.com READ MORE >> Shovel-ready land shortage exacerbates housing crisis in the Greater Golden Horseshoe Research highlights the crucial need for approved and serviced sites to address housing shortages and rising prices realestatemagazine.ca READ MORE >> Young Canadians are taking climate change risks more seriously when buying homes - BNN Bloomberg A new survey has found that 60 per cent of young homeowners (18-34) considered the potential effects of climate change in the location they were buying their home. That compares to 31 per cent of those 35-54, and just 27 per cent of those over the age of 55. bnnbloomberg.ca READ MORE >> Canadian Housing Market Most Vulnerable to Rate Hikes Amongst G10 By Ketki Saxena Investing.com -- In an attempt to gauge the vulnerability of developed world economies to climbing interest rates, Yasmin Younes, a global strategist at Citi, created the Global Macro Strategy Housing Vulnerability Scorecard. And the... msn.com READ MORE >> Vancouver and cities in Ontario top list of most expensive places to rent: Kijiji report According to Kijiji’s rental market report, Vancouver has maintained its position as the priciest city for renting, while eight out of the top 10 most expensive cities to rent are in Ontario. ctvnews.ca READ MORE >> These are the most expensive Canadian cities to rent According to Kijiji’s rental market report, Vancouver has maintained its position as the priciest city for renting, while eight out of the top 10 most expensive cities to rent are in Ontario. iheartradio.ca READ MORE >> Edmonton leads with percentage of homes listed below $200,000 Edmonton is arguably a steal of a deal when it comes to low-cost real estate among Canada’s major cities, a recent study shows. The report by Point2 — an online real estate search portal — found nearly 19 per cent of Edmonton’s resale market listings in April were priced below $200,000. That is by far the largest portion of low-cost homes for sale among Canadian cities with populations of more than one million inhabitants. The high share of... msn.com READ MORE >> She couldn't find a rental in N.L. So she spent 2 years living in a 20-foot RV | CBC News Kathryn Hewlett's entire life has been packed into a 20-foot-long vehicle. She isn't the only one in that situation. cbc.ca READ MORE >> Brampton needs an anti-renoviction bylaw, Peel ACORN believes The lack of comprehensive rent control and vacancy control offers a massive financial incentive to landlords to evict long-term tenants and raise the rent to increase profits. bramptonguardian.com READ MORE >> Mortgage rates won’t go back to what they used to be anytime soon: Economist - BNN Bloomberg Canadians will have to adjust their expectation of what a normal mortgage rate level looks like going forward, one economist says. bnnbloomberg.ca READ MORE >> Decoding the Present Mortgage Scenario in Canada - Chart Attack Today, we shall take a peek behind the scenes of Canadian mortgages and how they are forecast to play out in 2023. chartattack.com READ MORE >> Canada Makes The 90s Real Estate Bubble Look Like Affordable Housing - Better Dwelling Canadian real estate became slightly easier to purchase, according to the country’s largest bank. RBC’s Housing Affordability Index showed a slight improvement in Q1 2023, the first in years. The decline won’t provide much comfort for buyers though, with housing still less affordable than the peak of the 90s bubble. The bank doesn’t see things […] betterdwelling.com READ MORE >> HouseSigma announces expansion and launches in Alberta HouseSigma, the Canadian proptech company offering MLS data and real-time market information to the public, is expanding its reach to Alberta. realestatemagazine.ca READ MORE >> House of the Week: $7 million for a red-brick by Casa Loma with a staircase that looks like a sculpture At 4,400-square-feet, the property also comes with five bedrooms, soaring arches, enormous windows and a huge backyard torontolife.com READ MORE >> The latest in mortgage news: Fixed rates continued to climb this week - Mortgage Rates & Mortgage Broker News in Canada While the pace of fixed-rate increases has slowed, lenders continued to bump mortgage rates higher this week, including three of the big banks. canadianmortgagetrends.com READ MORE >> Ontario caps 2024 rent increases at 2.5%; does not apply to newer units | Globalnews.ca Most Ontario landlords will be able to increase rent by up to 2.5 per cent next year. globalnews.ca READ MORE >> This YouTuber explores abandoned houses in the GTA. Here are the coolest places he’s found. - Macleans.ca “The whole concept of being somewhere I wasn’t supposed to be was very exciting” macleans.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

30th June 2023 - Stay Ahead: Curated Greater Toronto Real Estate News

★ Friday 30th June 2023 ★ STOP Renting START Owning! Stay Ahead: Curated Greater Toronto Real Estate News! "Discover the Latest Developments in Toronto's Real Estate Scene!" Stay ahead of the game with "Curated Greater Toronto Real Estate News!" Our daily newsletter is your trusted source for the most relevant and timely news, insights, and updates in the Greater Toronto real estate market. We understand the importance of being well-informed, and our team curates the most valuable content to help you stay ahead in this dynamic market. Whether you're a buyer, seller, investor, or industry professional, our curated news covers a wide range of topics, including market trends, investment opportunities, neighborhood profiles, financing options, and more. Don't miss out on the latest developments and opportunities in Greater Toronto real estate. Subscribe now to "Curated Greater Toronto Real Estate News" and stay ahead of the game. What are the advantages of Homeownership compared to Renting in Toronto? Homeownership in Toronto offers several advantages compared to renting. Here are some key advantages of homeownership: Equity and Wealth Building: When you own a home, you are building equity as you make mortgage payments and your property appreciates in value over time. This can be a valuable long-term asset and a way to build wealth. Stability and Control: Owning a home provides stability and a sense of control over your living situation. You have the freedom to make changes and improvements to your home according to your preferences, without the need for landlord approval. Investment Potential: Real estate has the potential for investment growth. In a city like Toronto, where property values have historically increased over time, homeownership can be a solid investment. As the value of your property grows, you may benefit from capital appreciation. Stability of Monthly Payments: With a fixed-rate mortgage, your monthly mortgage payment remains stable over the loan term, providing predictability and allowing you to budget effectively. In contrast, renting can come with the risk of rent increases, potentially leading to higher monthly housing costs. Pride of Ownership: Owning a home gives you a sense of pride and accomplishment. You have the freedom to personalize and make your space truly your own, creating a sense of belonging and attachment to your community. Potential Rental Income: Homeownership can provide the opportunity to generate rental income if you have additional space, such as a basement apartment or separate unit. Renting out a portion of your property can help offset mortgage costs and provide an additional source of income. Community and Social Benefits: Homeownership often allows you to establish roots in a community and build relationships with neighbors. You may also have access to amenities and benefits offered by homeowners' associations or neighborhood organizations. It's important to consider your personal financial situation, lifestyle, and long-term goals when deciding between homeownership and renting. While there are advantages to homeownership, it's also important to be aware of the responsibilities and costs associated with owning a home, such as maintenance and property taxes. Ultimately, it's a decision that should align with your financial capability, future plans, and lifestyle preferences. Condo sales cool, but single-family homes soar in GTA's new home market Discover why single-family home sales are soaring in the GTA's new home market, while condo sales cool. The answer may surprise you. realestatemagazine.ca READ MORE ... Despite mortgage squeeze, rising rates likely won’t slow Toronto home prices Experts say the Bank of Canada’s quarter point rate hike will hurt variable rate borrowers and those renewing mortgages, but lack of listings will continue to buoy GTA house prices. therecord.com READ MORE ... National home sales rise despite low housing supply: CREA Statistics released by the Canadian Real Estate Association (CREA) revealed that national home sales have risen despite low housing supply. building.ca READ MORE ... This $4 million Toronto home has more fireplaces than bedrooms This may just be the coziest home in all of Toronto.  With six gas fireplaces, a wood-burning stove, and a sauna, who needs a furnace! (Kidding, th... blogto.com READ MORE ... How to Get the Best Deal on Homeowners Insurance If you're not using the latest policy comparison tools, you're probably paying too much. moneytalksnews.com READ MORE ... BoC has a strong case now to stop its rate hikes, exec says A large share of Canadians have seen a spike in their mortgage expenses recently mpamag.com READ MORE ... Vancouver startup tackles money laundering in the real estate industry Iluminai Intelligence’s database detects and flags suspicious individuals or companies for real estate agents biv.com READ MORE ... Homebuilding costs in Canada soar 51% as population surges Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, says RBC. Read more thewhig.com READ MORE ... Spotlight: Get one step closer to home ownership in Collingwood with a first home savings account Douglas Easton, CFA, Portfolio Manager at NBF Wealth Management says “an FHSA makes saving for your first home a little easier” collingwoodtoday.ca READ MORE ... What’s in a name? New real estate map aims to better inform downtown Vancouver homebuyers Map meant to serve as guide to how to areas downtown differ on a real estate basis biv.com READ MORE ... Tips to avoid falling into the trap of short-term rental ad scams How Quebec residents can protect themselves against online fraud Technological advances in online shopping have changed our lives and made everyday tasks more convenient.… blog.royallepage.ca READ MORE ... BMO announces its return to the mortgage broker channel - Mortgage Rates & Mortgage Broker News in Canada BMO has officially announced its plans to return to the mortgage broker channel under the banner BrokerEdge. canadianmortgagetrends.com READ MORE ... Alleged fraudsters target Airbnb rentals to mortgage homes without owners' knowledge | CBC News Toronto police have charged a 42-year-old man in connection with an alleged mortgage fraud scam targeting short-term rental homes. Investigators believe he's part of a larger criminal group. cbc.ca READ MORE ... Don't Go Solo! The Risks of For Sale by Owner – Energeticcity.ca Don't go solo! This article delves into an important topic: the risks involved with sale by owner or selling your home without a realtor. energeticcity.ca READ MORE ... Do your math before using credit card loyalty points toward mortgages TORONTO — Canadians looking for a little extra help on mortgage payments may be surprised to learn about one possibility: loyalty points. newmarkettoday.ca READ MORE ... Canadians Are Applying For Credit Cards Not Mortgages, Subprime Growth Surges - Better Dwelling Most Canadian households are shying away from new credit, as higher interest rates lower incentive. Though there remains an exception, according to new data from TransUnion. The credit reporting giant found that new account growth for every type of credit fell in 2022, with credit cards being the exception. That trend may be problematic when […] betterdwelling.com READ MORE ... Five parts of the economy that are hit when house prices fall UK house price growth is slowing. While prices rose 1.2% in June compared to last year, this is down on May’s 1.9% growth, according to property website Zoopla. Its house price index – which forecasts a 5% fall in house prices this year – also shows that 42% of sellers are now accepting offers of […] canadianinquirer.net READ MORE ... Property Report: Soaring construction costs will hamper Canada’s homebuilding ambitions Robert Hogue, assistant chief economist of RBC Economics, joins BNN Bloomberg to discuss RBC's report on the rising construction costs in Canada. He says that despite high demand soaring costs could hold back home building in this country. bnnbloomberg.ca READ MORE ... Six steps to take before buying a rental property - Westland Insurance You’ve come to the right place to learn how to get started to set yourself up for a successful rental property investment! westlandinsurance.ca READ MORE ... Single Montreal mom fears homelessness after she says her lease transfer was refused A single Montreal mother of three fears she may be homeless come July 1 after she says a landlord denied a lease transfer less than a week before Moving Day. "You go to the Regie de Logement, you get the form, you fill it out, and it's supposed to be that simple. We did all the steps and the landlord came back and said ‘no,’" Anick Johnson told CTV. montreal.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 ... Homes for less than $200,000 are becoming unicorns It’s increasingly a unicorn in Canada’s resale real estate market, including Calgary’s. A new study by Point2, an online real estate search portal, found many major Canadians markets have none or at most a minuscule number of homes listed for less than $200,000. In Calgary, about four per cent of listings were priced under $200,000 in April, the report found. Although a small fraction of the market here, homes in that price range in cities like... 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