15th July 2023 - Greater Toronto Real Estate Spotlight: Daily Highlights

💥 Saturday 15th July 2023 💥 Start Your Home Buyers Journey Here! Greater Toronto Real Estate Spotlight: Daily Highlights! "Your trusted companion in Home Buying and Selling, offering FREE Reports and a treasure trove of NEW Listings!" Welcome to "Greater Toronto Real Estate Spotlight: Daily Highlights!" Our daily newsletter is your spotlight on the most important and exciting highlights in the Greater Toronto real estate market. We understand that your time is valuable, so we deliver a concise yet comprehensive selection of the most noteworthy news, market trends, and developments directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our highlights cover a wide range of topics, including market updates, new listings, neighborhood spotlights, design trends, and more. Stay informed and make informed decisions with our daily spotlight. Subscribe now to "Greater Toronto Real Estate Spotlight: Daily Highlights" and stay in the loop with the most captivating news and trends in the Greater Toronto real estate scene. How can I leverage the current Market conditions to my Advantage and secure a better Deal on a Property? Leveraging current market conditions to your advantage and securing a better deal on a property in Toronto requires a strategic approach. Here are some tips to help you navigate the market and potentially secure a favorable deal: Stay Informed: Stay up-to-date with the latest market trends, including inventory levels, average days on market, and pricing patterns. Monitor real estate news, follow local market reports, and work with a knowledgeable real estate agent who can provide you with valuable insights and data-driven advice. Research Comparable Sales: Research recently sold properties in the area comparable to the one you're interested in. Analyze the sales prices, features, and conditions of these properties to gain a better understanding of the fair market value. This information can help you make informed offers and negotiate effectively. Understand Seller Motivation: Understanding the motivation of the seller can provide you with negotiation leverage. If the seller needs to sell quickly or has specific circumstances, such as a job relocation or financial constraints, you may be able to negotiate a better deal. Work with your real estate agent to gather information about the seller's situation and tailor your offer accordingly. Flexible Timing: If you have flexibility in your timing, consider exploring the market during periods when there may be less competition or when sellers may be more motivated. For example, the winter months or holiday seasons are typically less busy in the real estate market and may present opportunities for better deals. Pre-Approval and Financing: Obtain pre-approval for a mortgage before starting your property search. Having pre-approval shows sellers that you are a serious and qualified buyer, which can give you an advantage in negotiations. Additionally, explore different financing options and rates to ensure you secure the most favorable terms. Be Prepared to Act: In a competitive market, being prepared to act swiftly can be advantageous. Have your finances in order, understand your budget and priorities, and be ready to make an offer when the right opportunity arises. Working closely with your real estate agent can help you identify potential properties early and move quickly when necessary. Skillful Negotiation: Effective negotiation skills are key to securing a better deal. Work closely with your real estate agent to develop a negotiation strategy and understand the local market dynamics. Be prepared to make a compelling offer based on market research, comparable sales, and any unique circumstances that may work in your favor. Professional Representation: Working with an experienced and knowledgeable real estate agent is invaluable. A skilled agent can guide you through the negotiation process, provide expert advice, and advocate for your best interests. They can help you identify opportunities, assess market value, and negotiate effectively to secure a favorable deal. Remember, market conditions can fluctuate, and it's important to remain patient and persistent in your search. While it's possible to find a better deal in a competitive market, it may require diligent research, flexibility, and skilled negotiation. Working with a trusted real estate professional can greatly enhance your chances of success in securing a favorable deal. Renting versus buying a home, report weighs the costs right now in Mississauga | insauga A new report weighs the costs to own a home versus renting in Mississauga and across the GTA. insauga.com READ MORE ... Disputed lease leads to no power for a month, forcing Amherst man to move into an RV An Amherst man says he's now homeless because of the lack of affordable housing in the area. Community organizations say they're struggling to find housing for clients. msn.com READ MORE ... CREA downgrades sales forecast as interest rates weigh on buyers Gains in sales in B.C., Alberta are masking drops elsewhere in Canada, says BMO economist biv.com READ MORE ... This $3.5 million Toronto house is actually six apartments Toronto rental prices are up yet again, which means there's a ton of people probably thinking, "Wouldn't it be great to capitalize on that and... blogto.com READ MORE ... Canada’s hot housing market ‘settling down’ amid rate hikes, new listings Canada's housing market showed signs of cooling in June amid a return to interest rate hikes and a jump in newly listed homes, according to CREA. msn.com READ MORE ... Urbs vs. Burbs: Six families defend their visions of the ideal life in and around the GTA A backyard or a neighbourhood park? An hour on the GO or a 15-minute walk to work? A micro-condo or a roomy detached home? Buying or renting for life? The debate around where—and how—to live in the GTA is white hot torontolife.com READ MORE ... 50-storey condo tower proposed on Toronto street that's currently just houses Toronto needs housing bad, and that's going to mean your quiet little neighbourhood might have to make some changes to its built form in a mad dash... blogto.com READ MORE ... CREA downgrades sales forecast as interest rates weigh on buyers | CityNews Toronto The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market. The association said Friday that it expects 464,239 properties to trade hands... toronto.citynews.ca READ MORE ... Bank of Canada Sees Elevated Inflation Until 2025, More Uncertainty - Better Dwelling Canada’s central bank was surprised by how strong the excess demand has been. Consequently, the Bank of Canada (BoC) sees elevated inflation sticking around for a little longer. In its latest Monetary Policy Report (MPR), the central bank warns that excess demand has been resilient, helping to create more uncertainty. Now they don’t see the […] betterdwelling.com READ MORE ... Surreal Estate: $3.5 million for a Niagara-on-the-Lake farmhouse sitting on a staggering 28-acre vineyard What 2,600-square-foot farmhouse would be complete without 18-foot ceilings, a billiards room, a walnut grove and its own Gamay, Riesling and Cab Sauv grapes? torontolife.com READ MORE ... Canadian Real Estate Prices Lose Steam As Inventory Pops Higher - Better Dwelling Canadian real estate’s brief bounce is beginning to fade. Canadian Real Estate Association (CREA) data shows existing home sales climbed in June, with prices also climbing. However, price growth is notably decelerating at a rapid rate, with new inventory now outpacing sales.  Canadian Real Estate Prices Are Showing Signs Of Fatigue Canadian real estate prices […] betterdwelling.com READ MORE ... Caledon real estate prices have been a roller-coaster the past 18 months Real estate prices in Caledon have experienced massive swings over the past year and a half. caledonenterprise.com READ MORE ... Location, location: the 15-minute city is growing in demand Location has long been a driver behind the purchase of a home. After all, the realtor’s long-used mantra of “location, location, location” underscores how a home’s value is often driven by its neighbourhood’s desirability and nearby amenities. Yet that concept has taken on new meaning post-pandemic and amid growing climate change concerns with the popularity of a relatively old concept: the 15-minute city. And a new study by Re/Max Canada called... msn.com READ MORE ... June home sales softened but remain resilient as Bank of Canada rate hikes resume - Mortgage Rates & Mortgage Broker News in Canada The Bank of Canada's June rate hike served as a splash of cool water to recent housing market strength as home sales moderated in June and priced edged down compared to May. canadianmortgagetrends.com READ MORE ... These are the five economic scenarios we may be facing — and they're not as scary as you think Everyone is talking about a recession, but it isn't the only way the economy might play out. Read more. cochranetimespost.ca READ MORE ... Urbs vs. Burbs: "We can entertain our entire family, and no one complains about parking" Burlington resident Amanda Dindayal explains why life outside Toronto is best for young families torontolife.com READ MORE ... Many Canadians are locked out of the housing market. Why aren't they taking to the streets? | CBC News While advocates say there's an appetite for change that can make way for a widespread movement aimed at creating more affordable and accessible housing, there's enough obstacles facing both organizers and residents to keep it from getting off the ground. cbc.ca READ MORE ... Rental prices in Canada hit record highs: report According to a new report from rentals.ca, it's never been so expensive to rent a place to live in Canada. atlantic.ctvnews.ca READ MORE ... Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates | CityNews Kitchener TORONTO — Rapidly rising interest rates have transformed mortgage preferences as borrowers increasingly opt for shorter-term fixed-rate contracts.  The trend is happening as homebuyers look to find a balance between... kitchener.citynews.ca READ MORE ... Canadian home prices hold up well nationally despite declining activity Royal LePage expects prices to hold steady through 2023 as homebuyers remain determined wealthprofessional.ca READ MORE ... From an aggregate price of $809K to the market correction, report looks at real estate trends in Canada A new report has found that buyer demand for homes is remaining strong in Canada despite borrowing rate hikes — and the market may be stabilizing after the pandemic boom. ctvnews.ca READ MORE ... What does the latest interest rate hike mean for your wallet? Sylvain CharleboisTroy MediaThe Bank of Canada has once again increased its benchmark interest rate, this time by .25 basis points to five percent, amid paherald.sk.ca READ MORE ... Canadian Home Sales Showing Signs of Stabilization in June Encouraging, empowering and enabling REALTORS® in support of Canadian real estate journeys. crea.ca READ MORE ... Canada’s hot housing market ‘settling down’ amid rate hikes, new listings - National | Globalnews.ca Canada's housing market showed signs of cooling in June amid a return to interest rate hikes and a jump in newly listed homes, according to CREA. globalnews.ca READ MORE ... House of the week: Newly renovated bungalow in beautiful Mississauga neighbourhood | insauga A newly renovated three-bedroom bungalow near the beautiful Rattray Marsh, this home is set on a large lot in south Mississauga. insauga.com READ MORE ... Owners brace for 'sticker shock' in Windsor after Bank of Canada hikes rate — again | CBC News A Windsor mortgage broker said she's received plenty of calls from clients after the Bank of Canada raised its key interest rate to five per cent on Wednesday — while a real estate expert said Windsor is a "shining star" in a recovering market. cbc.ca READ MORE ... Toronto rental prices climb in June, as stretched home sellers re-enter the market Listing prices climbed 16 per cent year-over-year, according to Rentals.ca, with larger jumps seen in the suburbs. thestar.com READ MORE ... 6 Ways to Rebuild Your Credit Score If your credit score is suffering due to missed payments, or mounting bills and debt, there are steps you can take to get back on track. discover.rbcroyalbank.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, Investing or Homebuyer's 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:   Homebuyer Hub | 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

14th July 2023 - Greater Toronto Real Estate Report: Daily Updates

★ Friday 14th July 2023 ★ FREE Home Evaluation Toronto GTA Greater Toronto Real Estate Report: Daily Updates! "Guiding you towards triumphant Home Buying and Selling outcomes with our Reports and handpicked Listings!" Welcome to the "Greater Toronto Real Estate Report: Daily Updates!" Our daily newsletter is your go-to source for the latest updates, trends, and insights in the Greater Toronto real estate market. We understand that staying informed is crucial, and our report 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 the "Greater Toronto Real Estate Report: Daily Updates" and be in the know about all things related to the Greater Toronto real estate market. What Factors are considered during a FREE Home Evaluation to determine the Value of my Home in Toronto? During a free home evaluation in Toronto, several factors are considered to determine the value of your home. Here are some key factors that real estate professionals typically assess: Location: The location of your home is a crucial factor in determining its value. Factors such as proximity to amenities (schools, parks, shopping centers), transportation options, desirability of the neighborhood, and overall market demand for properties in the area play a significant role in assessing the value of your home. Size and Layout: The size of your home, including the number of bedrooms, bathrooms, and overall square footage, is taken into account. The layout and functionality of the property, including the presence of features like open floor plans or additional living spaces, can influence its value. Property Condition: The condition of your home is an important consideration. A well-maintained property with updated features and systems is typically valued higher than one that requires significant repairs or renovations. Factors such as the age of the home, the condition of the roof, plumbing, electrical systems, and the overall state of the interior and exterior are assessed during the evaluation. Recent Comparable Sales: Real estate professionals analyze recently sold properties in your area that are similar to yours in terms of size, features, and location. These comparable sales help determine the fair market value of your home by considering the prices at which similar properties have recently sold. Upgrades and Improvements: Any upgrades or improvements made to your home, such as renovated kitchens or bathrooms, updated flooring, or energy-efficient features, can positively impact its value. The quality and extent of these improvements are taken into account during the evaluation. Market Conditions: The current state of the real estate market in Toronto is a significant factor. Market conditions, including supply and demand dynamics, interest rates, and overall buyer activity, can influence the value of your home. Real estate professionals consider these factors to assess the market value of your property. Unique Features and Desirability: Unique features or characteristics that set your home apart from others in the area, such as a view, a large lot, or architectural details, can impact its value. The desirability of these features and their appeal to potential buyers are evaluated during the home evaluation. Comparable Active Listings: The current active listings in your area are also considered to understand the competition. The listing prices of similar properties on the market at the time of the evaluation provide insights into the price range that buyers are willing to pay for similar homes. It's important to note that a home evaluation is an assessment of the property's value based on various factors and market data. The final determination of value may be influenced by the expertise and experience of the real estate professional conducting the evaluation. Working with a reputable real estate agent or agency in Toronto can provide you with a comprehensive and accurate assessment of your home's value based on these factors. Should you rent or buy in the Greater Toronto Area? The Bank of Canada’s most recent interest rate hike may have some homeowners in Toronto recalculating their finances while renters wonder what this means for their future monthly payments. cp24.com READ MORE ... Expert urges Canadians to hold off on mortgage renewals | CityNews Ottawa Bank of Canada has raised its key interest rate to five per cent, up by 25 basis points. This interest rate hike marks the first time since 2001 to hit five per cent. ottawa.citynews.ca READ MORE ... Bank of Canada's record tightening campaign exposes lenders' mortgage risks The Bank of Canada's interest rate hike on Wednesday and prospects of more increases heighten risks to mortgage lenders as homeowners are likely stay in debt longer, struggling to make higher payments or pay even the interest portion of their home loans, investors and analysts said. ctvnews.ca READ MORE ... By the numbers: What the latest interest rate hike means for your mortgage - Trail Daily Times Examining how 5% interest affects Canadian home owners from coast to coast trailtimes.ca READ MORE ... A1 Equity Mortgage – Providing Knowledge and Expertise for Homeowners A mortgage broker and a bank lender are two distinct entities that play different roles in the lending process. The main difference is that mortgage brokers offer an array of lending options from various lenders. mountainviewtoday.ca READ MORE ... Worried about the rate hike? Windsor mortgage broker offers advice Windsor mortgage broker Rasha Ingratta tells CBC News host Deana Sumanac-Johnson about the impact of yet another rate hike from the Bank of Canada. cbc.ca READ MORE ... Housing affordability worse in cities rife with regulations: CMHC Approval delays and land use regulations by municipalities are limiting housing affordability across Canada, a CMHC study says. Read on. thewhig.com READ MORE ... Jump in home prices requires even larger leap in qualifying income The income required to qualify for a mortgage for an average-priced home in Alberta has risen to nearly $114,000 from $65,000 in 15 years. o.canada.com READ MORE ... Paying Cash vs. Financing a Second Home Thinking of buying a home in the U.S.? Here are some considerations for financing a second home versus paying cash. discover.rbcroyalbank.com READ MORE ... Monthly Brampton real estate sales decline for first time in 2023 Brampton’s real estate market has been on a winning streak so far in 2023 with increasing sales and prices. bramptonguardian.com READ MORE ... Interest rate hike expected to impact Calgary homeowners and homebuyers - Calgary | Globalnews.ca The 0.25 per cent increase to the interest rate from the Bank of Canada represents the equivalent to an extra $15 per month per $100,000 borrowed. globalnews.ca READ MORE ... What the latest interest rate hike means for variable-rate mortgages | Advisor's Edge Here's a by-the-numbers look at payment amounts advisor.ca READ MORE ... Urbs vs. Burbs: "I was afraid Etobicoke would be boring, but raising our kids here is a dream" Growing up west of Toronto, Caitlyn McDonald felt constrained by suburban life. Now, she's starting her own family there—and loving it torontolife.com READ MORE ... 'I think that central banks should exercise more patience' Bank of Canada's rate hike decision putting more pressure on everyday Canadians, says top portfolio manager wealthprofessional.ca READ MORE ... By the numbers: What the latest interest rate hike means for your mortgage This week, the Bank of Canada hiked interest rates yet again, raising its key interest rate by a quarter of a percentage point to 5 per cent, and the prime rate to 7.2 per cent. That means the cost… todayville.com READ MORE ... Average asking price for Canadian rental unit hits record high in June: Rentals.ca A new report says the average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes, population expansion and low unemployment. ctvnews.ca READ MORE ... Brampton ranked most-expensive city to rent in first quarter of 2023 as gap between rental, mortgage payments tightens | inBrampton The gap between what renters and homeowners pay every month continues to close, making Brampton the most expensive city to rent in all of the Greater Toronto Area. insauga.com READ MORE ... Average asking price for Canadian rental unit hits record high in June: report | Globalnews.ca The average cost of a one-bedroom unit in June was $1,780, up 10.2 per cent from the same month in 2022. globalnews.ca READ MORE ... Opinion: Here's how the Bank of Canada's interest rate hike will impact Canadians An economist explains what the Bank of Canada’s interest rate hike to five per cent means for Canadians. alaskahighwaynews.ca READ MORE ... 'Not a room': This $850 rental in Vancouver is just a sofa bed in the living room If privacy isn't that important this might be for you. vancouverisawesome.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, Investing or Homebuyer's 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:   Homebuyer Hub | 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