8th July 2023 - Curated Greater Toronto Real Estate Headlines!

💥 Saturday 8th July 2023 💥 Rent-To-Own Homes Toronto Curated Greater Toronto Real Estate Buzz: Daily Digest! "Your go-to destination for FREE Reports, fresh Listings, and expert guidance in Home Buying and Selling!" Welcome to "Curated Greater Toronto Real Estate Buzz: Daily Digest!" Our daily newsletter is your trusted source for a curated selection of the most buzzworthy updates, trends, and insights in the Greater Toronto real estate market. We understand that staying in the loop is crucial, and our digest delivers the most exciting and relevant content straight to your inbox. Whether you're a buyer, seller, investor, or industry enthusiast, our curated digest covers a wide range of topics, including market highlights, new developments, design trends, neighborhood spotlights, and more. Stay on top of the buzz and make informed decisions with our daily digest. Subscribe now to "Curated Greater Toronto Real Estate Buzz: Daily Digest" and get your daily fix of the most engaging news and trends in the Greater Toronto real estate scene. What happens if I decide NOT to Purchase the Property at the end of the Rent-To-Own Term? If you decide not to purchase the property at the end of the rent-to-own term, the specific outcomes can vary depending on the terms of your agreement. Here are a few possible scenarios: Option Fee Forfeiture: In most rent-to-own agreements, a portion of the rent or an upfront option fee is paid to secure the option to purchase the property. If you choose not to exercise the option to buy, you may forfeit this fee or a percentage of it as specified in the agreement. This fee is typically non-refundable and serves as compensation for the seller's commitment to give you the opportunity to purchase the property. Non-Obligation to Purchase: If you have a rent-to-own agreement that does not include a legally binding obligation to purchase the property, you may simply choose not to proceed with the purchase. In this case, you would not be held accountable for buying the property, but you would not receive any reimbursement for the option fee or any other payments made towards the purchase. Contract Termination: Some rent-to-own agreements include provisions for contract termination if the tenant decides not to proceed with the purchase. The terms and conditions for termination, including any penalties or obligations, should be clearly outlined in the agreement. It's important to review the contract carefully to understand the consequences of not purchasing the property. Negotiation and Flexibility: In certain cases, there may be room for negotiation or flexibility with the property owner. If you have a good relationship with the owner and open communication, you may be able to discuss alternatives, such as extending the rental period or renegotiating the terms of the agreement. This could allow for more time to save for a down payment or explore other housing options. It's crucial to review your specific rent-to-own agreement and consult with a legal professional to fully understand the implications of not purchasing the property. Understanding the terms and obligations upfront can help you make an informed decision and minimize any potential financial or legal consequences. Keep in mind that rent-to-own agreements can vary, and it's important to have a clear understanding of the terms, including the purchase price, the portion of rent credited towards the down payment, and any other specific conditions outlined in the agreement. Working with a real estate professional or legal advisor can provide guidance and ensure you fully comprehend your rights and obligations throughout the rent-to-own process. Renting an Apartment in Toronto: 10 Things to Consider When Viewing A Potential New Home  - Canada Immigration and Visa Information. Canadian Immigration Services and Free Online Evaluation. Renting an Apartment in Toronto: 10 Things to Consider When Viewing A Potential New Home  - Canada Immigration and Visa Information. Canadian Immigration immigration.ca READ MORE ... Canada’s new first home savings account: Is there a catch and should millennials rejoice? First-time buyers can open a first home savings account (FHSA) as of April. nationalpost.com READ MORE ... House of the week: Spectacular Toronto mansion with a wine cellar, gym and sauna | insauga This place: This spectacular Toronto mansion offers 11,000 square feet of space and a ton of luxurious features, including an elevator Price: $7,198,000 Address: 158 Edenbridge Dr. Neighbourhood: Edenbridge–Humber Valley Big selling point: This mansion sits next to James Gardens and offers a ton of high-end features, including heated floors, an in-ground pool, a wine […] insauga.com READ MORE ... The biggest obstacles in home buying and how to overcome them - Mtltimes.ca If there’s one purchase in your life you need to make carefully, it’s the purchase of  a home. mtltimes.ca 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 ... Bank of Canada expected to raise rates next week, despite rise in unemployment rate The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain in June, forecasters are still expecting an interest rate hike by the Bank of Canada next week. cp24.com READ MORE ... Another interest rate hike could be a mistake, CIBC economist warns The Bank of Canada is expected to raise its key interest rate once again next week, a move an economist at one of Canada’s largest banks says is likely a mistake. cp24.com READ MORE ... Calgary real estate market sizzles as newcomers flock to Alberta CALGARY — As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in Alberta's largest city. guelphtoday.com READ MORE ... ‘Island oasis’: This $32 million Muskoka private island listing includes four cottages The nine bedroom eight bathroom property found on Lake Joseph is only reachable by boat from the private landing five minutes away from the island. wellandtribune.ca READ MORE ... Montreal home sales down 10% year-over-year in June Residential property sales in Greater Montreal fell by 10 per cent in June, compared to the same month last year, the Association professionnelle des courtiers immobiliers du Québec (APCIQ) reported on Thursday. montreal.ctvnews.ca READ MORE ... Victoria tenants unite to fight rising rents As rents skyrocket, tenants in many cities are banding together in hopes of gaining the kind of collective bargaining rights some workers have timescolonist.com READ MORE ... As housing costs rise, income not keeping up A new United Counties study paints a stark picture of the increasing remoteness of housing affordability in Leeds and Grenville. recorder.ca READ MORE ... Interested in becoming a tenant in a new Burlington community centre? | inHalton The City of Burlington has put out a call to those interested in becoming long-term tenants at a yet-to-open community centre. The location is the old Robert Bateman High School site which has been bought by the City and will undergo a redesign to turn it into a multi-purpose mega-community centre. At this time, the […] insauga.com READ MORE ... Toronto still a seller's market despite the impact of high borrowing costs: Broker - BNN Bloomberg As Toronto home sales slowed in June from the previous month, one mortgage broker said the current market cooling goes beyond seasonality trends, due partly to higher borrowing costs. bnnbloomberg.ca READ MORE ... Toronto home sales and prices up from last June, down from May | Advisor's Edge Buyer interest remains high but supply is tight and mortgage rates tough to grapple with advisor.ca READ MORE ... Opinion | Condo sales: When a den is actually a hallway The word “den” has become a marketing vernacular for developers and sellers. The use of the infamous “+1” has become a promotional tool for many. thestar.com READ MORE ... Lower Mainland real estate: Sellers will soon need to disclose multiple bids | Globalnews.ca Starting later this month, the three real estate boards in the region will formally require listing realtors to disclose the number of offers on a sale after a bid is accepted. globalnews.ca READ MORE ... Canadian Real Estate Supply Rises, Prices To Moderate: RBC - Better Dwelling Canadian real estate market activity is cooling, warned the country’s largest bank. RBC observed supply in virtually every major market rose in June. At the same time, they note that sales are growing at a much slower rate than in previous months. If the current market conditions hold, they expect price appreciation to grind lower.  […] betterdwelling.com READ MORE ... New pilot program offers funding to retrofit market rental buildings The City has launched the Rental Apartment Retrofit Accelerator (RARA) pilot program to future-proof existing rental buildings. vancouver.ca READ MORE ... Barrie declared country's safest city by rental website 'It is through not only the dedication of our police service, but also the strength of our community members that helps to foster a safer city,' says police chief bradfordtoday.ca READ MORE ... Here's the average rent for a one-bedroom home in Hamilton | CEKAN A recently published rental report for June 2023 by Rentals.ca shows Hamilton sitting in 19th place on the National Rent Rankings List, with the average rent cekan.ca READ MORE ... The real cost of renting a hot water tank Energy auditor Doug Rysdale recommends against renting a hot water tank o.canada.com READ MORE ... More Canadians turn to short-term rentals to earn extra cash, maintain properties When Marcus Rader returned home after an extended winter trip last year, he was greeted with a broken furnace, freezing temperatures and a week-long wait for a repair. stcatharinesstandard.ca READ MORE ... ‘The issue has become so deep’: CMHC report shows Windsor rental market becoming increasingly unaffordable New data shows that the rental market in Windsor is tightening further — leaving low and middle-income earners unable to afford a place to live in the region. windsor.ctvnews.ca READ MORE ... Airbnb wins privacy ruling in Vancouver, as court quashes order to release host's home address | CBC News The City of Vancouver had been ordered to release the information by the province's Information and Privacy Commissioner, which a B.C. Supreme Court judge says was the wrong call. cbc.ca READ MORE ... Canadians flocking to Alberta despite unemployment rate, rising housing costs | RCI Alberta outstrips every other province in attracting national migrants ici.radio-canada.ca READ MORE ... Buy or Rent a Shed? – Forestry Reviews As an extension to your property or a separate entity within your garden, a shed can provide valuable storage space, act as a dedicated work forestry.com READ MORE ... This $875K Toronto house has a trap door in the middle of the living room While the Toronto real estate market might be cooling down, it still isn't affordable by any stretch.  Housing prices went up yet again in June and... blogto.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

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