7th July 2023 - Your Source for Toronto Real Estate: Daily Updates

★ Friday 7th July 2023 ★ NEW vs Resale Homes! Your Source for Toronto Real Estate: Daily Updates! "Empowering you with knowledge, opportunities, and prime Listings for seamless Home Buying and Selling!" Welcome to "Your Source for Toronto Real Estate: Daily Updates!" Our daily newsletter is your go-to source for the latest updates, trends, and insights in the Toronto real estate market. We understand that staying informed is crucial, and our newsletter delivers the most relevant and timely information directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market trends, new listings, neighborhood spotlights, financing options, and more. Stay ahead of the game and make informed decisions with our daily updates. Subscribe now to "Your Source for Toronto Real Estate: Daily Updates" and be in the know about all things related to the Toronto real estate market. What are the advantages of Buying a NEW Home compared to a Resale Home? Buying a new home compared to a resale home in Toronto can offer several advantages. Here are some potential benefits of purchasing a new home: Customization and Personalization: Buying a new home allows you to customize and personalize various aspects of the property. You can often choose finishes, fixtures, and layouts to suit your preferences and lifestyle. This level of customization can create a home that reflects your unique taste and needs. Modern Design and Features: New homes are built with modern design elements, energy-efficient features, and the latest construction standards. They often incorporate updated technologies and amenities, such as smart home systems, energy-efficient appliances, and improved insulation. These features can enhance comfort, convenience, and sustainability. Reduced Maintenance and Repairs: New homes typically require less immediate maintenance and repairs compared to resale homes. With brand-new components and construction, major repairs or replacements are less likely in the early years of homeownership. This can provide peace of mind and potentially save on maintenance costs. Builder's Warranty and Guarantees: Buying a new home often comes with a builder's warranty and guarantees, providing protection against structural defects or other issues that may arise in the early years of homeownership. This warranty can give buyers added confidence and financial security. Energy Efficiency and Cost Savings: New homes are designed with energy efficiency in mind, incorporating features such as advanced insulation, high-efficiency HVAC systems, and energy-saving appliances. This can result in lower utility bills and long-term cost savings. Current Building Codes and Safety Standards: New homes are constructed to meet current building codes and safety standards. This means they often have improved safety features, updated electrical and plumbing systems, and compliance with accessibility requirements. This can contribute to a safer and more secure living environment. Community Amenities and Infrastructure: Many new home developments in Toronto offer desirable community amenities such as parks, playgrounds, recreational facilities, and walking trails. These amenities contribute to a vibrant community atmosphere and can enhance your quality of life. New Home Warranty Protection: In Ontario, newly built homes by registered builders are protected by the Tarion New Home Warranty program. This warranty provides coverage against certain defects and protects buyers' investment for a specified period. Limited Competition: New home developments often have multiple units available for purchase, reducing the level of competition compared to bidding on a resale home. This can provide a more relaxed buying experience and potentially better negotiating opportunities. It's important to weigh these advantages against your specific needs, budget, and preferences. Consider factors such as location, proximity to amenities, and the overall market conditions in Toronto when making your decision. Working with a real estate professional who specializes in new home sales can provide further guidance and assist you throughout the buying process. Toronto Real Estate Prices Slow, Suburbs Fall As Much As $50k In A Month - Better Dwelling Greater Toronto real estate wasn’t looking as confident as it had been recently. TRREB data shows the price of a typical home (composite benchmark) climbed in June 2023. However, the increase was notably smaller than recent months, potentially indicating slowing momentum. At the same time, some affluent suburbs returned to falling prices—one dropping as much […] betterdwelling.com READ MORE ... What you need to know about Canada's new first home savings account Buying a home is becoming increasingly challenging for Canadians. But there is a new solution available to help buyers take their first step onto the housing ladder. As of April, first-time buyers can open a first home savings account (FHSA). This account is specifically designed to help first-time buyers purchase their first home. It combines the benefits found in two existing registered accounts: the registered retirement savings plan (RRSP)... msn.com READ MORE ... Looking to upsize from a condo to a house? Here’s how many years of income it takes in Ontario | Globalnews.ca New findings released by Point2Homes show it's "no simple matter in today's market." globalnews.ca READ MORE ... Home prices, sales continued to climb in Waterloo Region in June: realtor association | Globalnews.ca The average cost of buying a home continued to creep up in Waterloo last month. It was $839,869 in June 2023, up 6.4 per cent year-over-year and 2.0 per cent month-over-month. globalnews.ca READ MORE ... Toronto RE sees price dip in June, signals end of spring market Toronto's real estate market saw a seasonal price dip, but what does it mean for buyers and sellers? Find out in this must-read article.. realestatemagazine.ca READ MORE ... Luxury condo with slashed price reveals sorry state of Toronto housing market Sky-high mortgage rates and slipping condo prices in Toronto have turned what seemed like surefire investments into money pits, evidenced in a rece... blogto.com READ MORE ... Struggling mortgage holders could see lenders waive fees under new guidelines - National | Globalnews.ca Federally regulated banks have a new set of expectations when it comes to offering relief to homeowners who are struggling with higher mortgage payments. globalnews.ca READ MORE ... Canada Adds Guidelines for Banks to Prevent Mortgage Defaults - BNN Bloomberg Canadian banks need to take steps to assist mortgage holders who are struggling to stay above water after a rapid spike in interest rates, according to new guidelines issued Wednesday. bnnbloomberg.ca READ MORE ... What should seniors know about mortgage renewals? Seniors are no different than any other mortgage-holder when it comes to renewing, but they have more options and more complex considerations to make. rates.ca READ MORE ... Homeowner struggles selling home FSBO, considers working with agent ... Q: I’m trying to sell my house fast in Colorado. Do you have any tips or suggestions on how to do it quickly and efficiently? I’ve already tried listing it on some popular real estate websites, but I haven’t had much luck. I’m thinking about working with a local real estate agent, but I’m not sure if that’s the best option for me. Any advice you ha... msn.com READ MORE ... Toronto home sales and prices up from last June, down from May: TRREB Toronto homebuyers that snapped up a property last month paid more on average than they did a year ago but less than they would have if they closed the deal in May, the Toronto Regional Real Estate Board said Thursday. mountainviewtoday.ca READ MORE ... Oshawa better than some, but upgrading from condo to house "unattainable" in most GTA cities | inDurham In a market defined by chronically increasing interest rates and steady demand, the idea that condo owners can comfortably one-up their residence to buy a house is unlikely, though apartment owners in Durham Region have it much better than those in other GTA communities. In Oshawa, where the local median household income is just above […] insauga.com READ MORE ... Calgary sets condo sales record in June Discover the latest record-breaking sales in Calgary's housing market. What's driving demand? Find out in this must-read article.. realestatemagazine.ca READ MORE ... See the Top 5 most affordable condos sold in Brampton last month | inBrampton Finding an affordable piece of property in Brampton might feel like searching for a needle in a haystack as the cost of so-called starter homes is on the rise across the country. insauga.com READ MORE ... Toronto home sales and prices up from last June, down from May: TRREB - BNN Bloomberg Toronto homebuyers that snapped up a property last month paid more on average than they did a year ago but less than they would have if they closed the deal in May, the Toronto Regional Real Estate Board said Thursday. bnnbloomberg.ca READ MORE ... June home sales in GTA up from last year but lack of supply led to tighter market conditions: TRREB The number of homes sold in the Greater Toronto Area last month was up from a year ago but was down from last May as buyers continue to face a lack of inventory. cp24.com READ MORE ... Toronto home sales and prices up from last June, down from May 2023: TRREB - Toronto | Globalnews.ca Toronto homebuyers that snapped up a property last month paid more on average than they did a year ago but less than they would have if they closed the deal in May. globalnews.ca READ MORE ... Toronto RE sees price dip in June, signals end of spring market Toronto's real estate market saw a seasonal price dip, but what does it mean for buyers and sellers? Find out in this must-read article.. realestatemagazine.ca READ MORE ... Condo of the Week: $7.4 million for a Yorkville penthouse inspired by Parisian art deco This 3,200-square-foot property comes with a private elevator, a 900-bottle wine rack, maple everywhere and 1,000 square feet of terraces torontolife.com READ MORE ... BoC rate hike put a chill on Canadian housing in June - Mortgage Rates & Mortgage Broker News in Canada While home sales remain higher on an annual basis in most of Canada's major housing markets, activity—and prices— have largely cooled down compared to May. canadianmortgagetrends.com READ MORE ... Toronto Home Sales Rose 16.5% In June, Vancouver Sales Up 21% The number of homes sold in the Greater Toronto Area (GTA) during June rose 16.5% from a year earlier, according to the Toronto Regional Real Estate Board (TRREB). However, while homes sales rose year-over-year, they declined 17% from 9,012 units ... baystreet.ca READ MORE ... 'Can't buy what's not available': House prices rising in Oakville and Burlington but sales plummeting, according to new real estate report "Uncertainty surrounding the Bank of Canada’s outlook on inflation and interest rates." insidehalton.com READ MORE ... Experts are expecting another interest rate hike this month, here's what that means for homeowners Economists are predicting Canadians might see another interest rate hike next week and say homeowners who are already financially vulnerable will have a tougher time making mortgage payments. ctvnews.ca READ MORE ... Condo prices drop as townhouses increase to nearly $900K in Mississauga | insauga A average townhouse will cost nearly $900,000 in Mississauga these days, according to the latest real estate report. insauga.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

6th July 2023 - Greater Toronto Real Estate News Blast: Daily Roundup

💥 Thursday 6th July 2023 💥 For Sale By Owner! Greater Toronto Real Estate News Blast: Daily Roundup! "Igniting your Home Buying and Selling Journey with our comprehensive Reports and red-hot Listings!" Welcome to "Greater Toronto Real Estate News Blast: Daily Roundup!" Our daily newsletter is your ultimate source for a high-powered roundup of the latest news, trends, and updates in the Greater Toronto real estate market. We understand that staying informed is essential, so our news blast delivers a concise and impactful summary of the most important stories straight to your inbox. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market updates, new listings, development projects, regulatory changes, and expert opinions. Stay in the loop and make informed decisions with our daily roundup. Subscribe now to "Greater Toronto Real Estate News Blast: Daily Roundup" and receive your daily dose of the most relevant and exciting news in the Greater Toronto real estate scene. What are the potential advantages of Selling a Property "For Sale By Owner"? Selling a property "For Sale By Owner" (FSBO) in Toronto can have potential advantages for homeowners. Here are some potential benefits: Cost Savings: One of the main advantages of FSBO is the potential to save on real estate agent commissions. By handling the sale independently, you avoid paying the typical 5% commission fee to a listing agent, which can result in significant cost savings. Control and Flexibility: Selling FSBO gives you full control over the selling process. You can set your own listing price, negotiate directly with potential buyers, and have more flexibility in scheduling showings and open houses. This control allows you to tailor the process to your preferences and needs. Direct Interaction with Buyers: As the property owner, you have direct contact with prospective buyers, enabling you to establish a personal connection, answer questions, and showcase the property's unique features. This direct interaction can help convey your passion for the home and potentially lead to stronger buyer interest. In-Depth Knowledge of the Property: As the property owner, you possess intimate knowledge of the property, its history, and unique selling points. This allows you to provide detailed information to potential buyers and answer their inquiries promptly. Potential Higher Profits: Selling FSBO may provide an opportunity for potentially higher profits. By eliminating agent commissions, you have more flexibility in pricing your property competitively or even slightly higher than if you were factoring in agent fees. This can result in more favorable financial outcomes. Targeted Marketing: Selling FSBO allows you to personally tailor and execute your marketing strategy. You can utilize online platforms, social media, signage, and other marketing channels to reach prospective buyers directly. This targeted approach can help attract interested buyers and potentially generate a quicker sale. Simplified Negotiations: By dealing directly with buyers, you have more control over the negotiation process. You can negotiate the terms, price, and contingencies directly with potential buyers, potentially streamlining the negotiation process and achieving a mutually agreeable outcome. It's important to note that selling FSBO requires careful consideration and effort. You'll need to invest time and resources into marketing, staging, pricing, and managing the entire sales process. Additionally, navigating legal and administrative aspects of the transaction can be complex without the guidance of a real estate professional. Before deciding to sell FSBO, it's advisable to thoroughly research the local market, understand the legal requirements, and consider consulting with professionals for guidance. They can provide insights, assist with pricing and marketing strategies, and help ensure a smooth and successful transaction. Spotlight: If you choose a 5-year fixed mortgage rate now, can you break later if rates drop? With a break, you’ll pay a penalty. But it could be worth it. midlandtoday.ca READ MORE ... Watchdog releases guidelines to support mortgage borrowers under pressure Lenders are expected to play their part in helping consumers, regulator says mpamag.com READ MORE ... Luxury condo with slashed price reveals sorry state of Toronto housing market Sky-high mortgage rates and slipping condo prices in Toronto have turned what seemed like surefire investments into money pits, evidenced in a rece... blogto.com READ MORE ... A guide to historical mortgage rates in Canada In this article, we will look at mortgage interest rates in Canada, at their highest and at their lowest. Here is everything you need to know. mpamag.com READ MORE ... House of the Week: $2.8 million for a Beaconsfield Village century home hidden by a wall of greenery The 3,000-square-foot Victorian comes with period pieces, dramatic beams and arches, beautiful barn board and a pool in the backyard torontolife.com READ MORE ... 5 of the most expensive homes sold in Mississauga in June | insauga Here are five of the most expensive homes sold in Mississauga in June. insauga.com READ MORE ... Toronto's housing market has cooled down significantly this summer but we'll see if it lasts In a city where tiny semi-detached homes that require a full gutting are being listed for $1 million, places with only two bedrooms are going for $... blogto.com READ MORE ... July rate hike could trigger problems for mortgage owners: Expert - BNN Bloomberg Canadian households are being closely watched by the country's central bank as interest rate hikes pose a serious danger to over leveraged mortgage holders, one expert cautioned. bnnbloomberg.ca READ MORE ... 'Toronto shouldn't only be for the 1%': Singh calls for tax break on development of affordable homes Federal NDP Leader Jagmeet Singh is calling on the federal government to make housing in Toronto more affordable by removing the federal portion of GST and HST on the development of new affordable homes and setting aside federal lands to build rental housing or homes for first-time homebuyers. toronto.ctvnews.ca READ MORE ... Rental of the Week: $4,000 to live inside Humber Bay Shores' tallest tower The 1,200-square-foot unit has two bedrooms, hotel-like amenities and a 40-foot balcony with a marina view that can't be beat torontolife.com READ MORE ... This very average home outside of Toronto is listed for $11.5 million Usually when you see a listing price as high as $11.5 million, it's for a mansion with a 15-car garage, indoor and outdoor pools, a basketball cour... blogto.com READ MORE ... Calgary home sales in June up 11% from year ago: real estate board | CityNews Toronto CALGARY — The Calgary Real Estate Board says June home sales rose by nearly 11 per cent from a year earlier as the market saw a surge in apartment and condos changing hands. The Alberta organization says 3,146 homes... toronto.citynews.ca READ MORE ... How the new rent cap will affect Ontario tenants and landlords in 2024 The Ontario government is rolling out a cap on rent that could give tenants a much-needed break. Starting in 2... pembroketoday.ca READ MORE ... Canada Adds Guidelines for Banks to Prevent Mortgage Defaults - BNN Bloomberg Canadian banks need to take steps to assist mortgage holders who are struggling to stay above water after a rapid spike in interest rates, according to new guidelines issued Wednesday. bnnbloomberg.ca READ MORE ... Young Canadian homeowners consider risks of severe weather when buying a home: survey A new survey conducted by Leger for Rates.ca and BNN Bloomberg reveals that 64 per cent of young homeowners in Canada consider the risks of severe weather in various locations caused by climate change when choosing where to buy a home. ctvnews.ca READ MORE ... Real estate: Vancouver home prices rose in June - BNN Bloomberg Vancouver homes prices increased in June along with the number of residential home sales, the Real Estate Board of Greater Vancouver reported on Wednesday. bnnbloomberg.ca READ MORE ... Vancouver home prices ticking up as supply remains under pressure: real estate board The Real Estate Board of Greater Vancouver says last month's home prices ticked up from May as prospective homebuyers faced a dearth of supply in the region. bc.ctvnews.ca READ MORE ... Average home price dips slightly in Windsor-Essex Home sales and listings in the region continue to trend slightly downward. windsor.ctvnews.ca READ MORE ... Nearly 1 In 4 Canadians Unable To Pay Their Bills: Transunion - Better Dwelling Canadians have been able to maintain an epic borrowing spree, but cracks are starting to appear. Transunion’s Q1 2023 Consumer Pulse survey found a significant share of households won’t be able to cover their bills. Behind the lack of financial confidence is sky-high inflation, that’s leading consumers to cut back on spending, and delaying plans […] betterdwelling.com READ MORE ... 8 Common and Costly Homebuying Myths Think you’re ready to buy a house? Don’t fall victim to these rookie mistakes. 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