21st July 2023 - Greater Toronto Real Estate Watch: Daily Roundup!

💥 Friday 21st July 2023 💥 Rent-To-Own Homes Toronto Greater Toronto Real Estate Watch: Daily Roundup! "Unleashing the potential of your Real Estate endeavors with our Reports and sizzling New Listings!" Welcome to "Greater Toronto Real Estate Watch: Daily Roundup!" Our daily newsletter is your go-to source for a comprehensive roundup of the latest news, trends, and insights in the Greater Toronto real estate market. We understand that staying informed is crucial, so we curate the most relevant and impactful information to keep you up to date. Whether you're a buyer, seller, investor, or industry professional, our roundup covers a wide range of topics, including market updates, new listings, sales data, and expert analysis. Stay in the loop and make informed decisions with our daily roundup. Subscribe now to "Greater Toronto Real Estate Watch: Daily Roundup" and stay connected to the pulse of the Greater Toronto real estate market. What should I consider before entering into a Rent-To-Own Agreement in Toronto? Before entering into a rent-to-own agreement in Toronto, consider the following factors to ensure you make an informed decision: Understanding the Agreement: Familiarize yourself with the terms and conditions of the rent-to-own agreement. It's essential to understand the rent amount, the portion of rent credited towards the future purchase, the purchase price at the end of the term, and any other specific provisions related to the agreement. Seek legal advice if needed to ensure you fully comprehend your rights and obligations. Property Inspection: Conduct a thorough inspection of the property to assess its condition. Ensure that the property meets your requirements and is in suitable living condition. This inspection can help you identify any necessary repairs or maintenance issues before committing to the agreement. Financial Considerations: Evaluate your financial situation to determine if you can afford the rent and potential future purchase price. Consider your current income, credit score, and ability to secure a mortgage at the end of the rent-to-own term. Assess your long-term financial goals and ensure the rent-to-own agreement aligns with them. Market Research: Research the real estate market in the area where the property is located. Analyze comparable property prices to determine if the proposed purchase price at the end of the rent-to-own term is reasonable and in line with market trends. Consider the potential for property value appreciation or depreciation. Investor's Financial Stability: Verify the financial stability of the seller / investor. Ensure that they are capable of fulfilling their obligations under the rent-to-own agreement, such as maintaining the property and addressing any necessary repairs during the rental period. Flexibility and Termination Clauses: Review the flexibility and termination clauses in the agreement. Understand the circumstances under which you can terminate the agreement or extend the rent-to-own term. Determine the consequences of early termination and any potential penalties. Legal Review: Have the rent-to-own agreement reviewed by a real estate lawyer before signing. A lawyer can identify any potential legal issues, ensure that your interests are protected, and provide advice on the specific terms of the agreement. Rental Market Research: If you're considering entering the rent-to-own agreement as a tenant, research the local rental market. Ensure that the rent amount is fair and comparable to similar properties in the area. Landlord-Tenant Laws: Familiarize yourself with landlord-tenant laws and regulations in Toronto. Understanding your rights and responsibilities as a tenant can help you navigate the rental period of the rent-to-own agreement. Future Mortgage Qualification: Be aware of the requirements to qualify for a mortgage at the end of the rent-to-own term. Work on improving your credit score and financial situation, if necessary, to increase your chances of securing a mortgage when the time comes. Entering into a rent-to-own agreement can be a significant decision, and it's essential to carefully assess all aspects of the agreement and conduct thorough due diligence. Working with a reputable real estate agent and seeking legal advice can provide valuable guidance and ensure you make a well-informed choice that aligns with your financial goals and aspirations. A Toronto parking spot was just listed for sale for more than some houses in Ontario As Toronto home prices remain high despite escalating interest rates and little market activity, one new real estate listing has really put the cos... blogto.com READ MORE ... Bracing for (more) pain: Three-in-five Canadians say latest increase to BoC rate will further hurt finances - Angus Reid Institute Enthusiasm for rate hikes drops: 36 per cent would decrease rates, up 13 points from September July 20, 2023 – Millions of Canadians are fast getting up to speed on angusreid.org READ MORE ... Canadian Home Prices See Largest MoM Increase In 17 Years The latest Teranet-National Bank Composite House Price Index reveals a “spectacular jump” in Canadian home prices between May and June 2023. storeys.com READ MORE ... Before and After: How a $350,000 reno turned this everyday Burlington side-split into a sleek urban home Goodbye bubblegum walls, musty carpets and dingy basement. Hello monochromatic colour scheme, striking wood beams and airy open concept torontolife.com READ MORE ... Canadian Household Debt Hits $2.9 Trillion As Personal Loans Pick Up - Better Dwelling Canadian households, the most indebted in the G7, are finally showing borrower fatigue. Statistics Canada (Stat Can) data reveals household debt reached a new record in May 2023. Now larger than the country’s output, the mountain of debt is changing its growth pattern. Households borrowed mortgage debt at the slowest rate since the Great Recession, […] betterdwelling.com READ MORE ... This $9 million Toronto home was built by a famous architect Sometimes modern houses can feel boring, cold, uninviting, and just a bit blah, leaning more towards "untouchable art gallery" vibes rath... blogto.com READ MORE ... Move-up buyers drive up spring demand in housing market Canadian homeowners seeking housing upgrade took advantage of pause in rate increases mpamag.com READ MORE ... Which cities are seeing the highest demand in Canada's luxury market? New report sheds light on where high-value properties are being snapped up mpamag.com READ MORE ... Canada’s housing market keeps changing. How to navigate the bidding process - National | Globalnews.ca Bidding on a home is both an emotional and financial decision. Here's what experts say you should be considering in order to craft a winning bid. globalnews.ca READ MORE ... This detached Toronto bungalow was sold for $800K — $100K less than it was bought for The home was listed only five months after it was last bought last April, according to the listing history. thestar.com READ MORE ... Two Quebec realtors suspended after allegedly submitting bogus offers Two Quebec real estate brokers have had their licences suspended two months after they were accused of submitting bogus offers on homes. montreal.ctvnews.ca READ MORE ... Did the Bank of Canada just push Canada over the tipping point? Originally published in the Toronto Star It was the news Canadians were dreading. As the Bank of Canada raised the interest rate to 5%, hearts sank and anxiety rose for workers and their families. The hike will prove to be a disaster. It will not solve the affordability crisis and it will not have an influence on inflation. Instead, it will continue to force housing costs even higher and will not address the causes of the rising price of food (ahem, profiteering) at all. But it will cause hardship. unifor.org READ MORE ... What’s going on with Canada's luxury real estate markets? Sotheby's reports that performance is diverging across major markets wealthprofessional.ca READ MORE ... New report outlines a stark rental market for minimum wage earners | CityNews Kitchener The Canadian Centre for Policy Alternatives released a new report that outlines the unaffordability of rental markets for folks on minimum wage. kitchener.citynews.ca READ MORE ... A Day in the Life of a CMLO | TD Stories CMLOs are deployed across the TD footprint and are laser-focused on reaching those traditionally shut out of the housing market stories.td.com READ MORE ... Jagmeet Singh, Who Owns A Mortgage, Wants The Government To Cover People's Mortgages Addressing the pressing issue of Canada's skyrocketing mortgages and interest rates, Jagmeet Singh, the leader of the New Democratic Party thedeepdive.ca READ MORE ... The latest in mortgage news: record population growth to keep upward pressure on home prices - Mortgage Rates & Mortgage Broker News in Canada Canada's expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report canadianmortgagetrends.com READ MORE ... New study highlights the gap between condo and house prices in major Canadian cities As the average price of a home in Canada rises year-over-year, a new study is highlighting the growing gap between the cost of condominiums and houses in major Canadian cities. CTVNews.ca has compiled a list of houses and condos that are currently on the market, while comparing average prices between both property types. ctvnews.ca READ MORE ... Canadian Household Debt Hits $2.9 Trillion As Personal Loans Pick Up - Better Dwelling Canadian households, the most indebted in the G7, are finally showing borrower fatigue. Statistics Canada (Stat Can) data reveals household debt reached a new record in May 2023. Now larger than the country’s output, the mountain of debt is changing its growth pattern. Households borrowed mortgage debt at the slowest rate since the Great Recession, […] betterdwelling.com READ MORE ... Toronto's most famous murder property back on the market for $6.5 million The former property of Toronto billionaire couple, Honey and Barry Sherman, is officially back on the market for $6.5 million.  The couple — who pr... 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, 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

19th July 2023 - Insider Updates: Greater Toronto Real Estate News!

★ Wednesday 19th July 2023 ★ Toronto GTA Power Of Sale Listings! Insider Updates: Greater Toronto Real Estate News! "Your Compass to successful Home Buying and Selling, featuring FREE Reports and coveted Listings!" Welcome to "Insider Updates: Greater Toronto Real Estate News!" Our daily newsletter is your exclusive access to insider updates and valuable insights in the Greater Toronto real estate market. We understand that being in the know is essential, so we bring you the latest news, trends, and expert opinions 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 updates, new developments, investment opportunities, and regulatory changes. Stay ahead of the game and make informed decisions with our insider updates. Subscribe now to "Insider Updates: Greater Toronto Real Estate News" and gain an inside edge in the dynamic Greater Toronto real estate market. How can I determine if a Power-Of-Sale Property is a good Investment opportunity? Determining if a power-of-sale property is a good investment opportunity requires thorough research, analysis, and careful consideration. Here are some steps to help you assess the investment potential of a power-of-sale property: Understand Power of Sale: Start by understanding the concept of power of sale. Power of sale is a legal process in which a lender (usually a mortgagee) takes possession and sells a property to recover the outstanding mortgage debt from the borrower (mortgagor). It's important to familiarize yourself with the power of sale process and the rights and obligations of both the lender and the borrower. Property Inspection: Conduct a thorough inspection of the property to assess its condition. Engage a professional home inspector to identify any structural issues, mechanical problems, or other potential concerns. Understanding the property's current condition will help you estimate renovation or repair costs and evaluate the overall investment potential. Comparable Market Analysis: Perform a comparable market analysis (CMA) to determine the property's market value. Research recently sold properties in the same neighborhood or area that are comparable in size, features, and condition. Analyze their sale prices to get an idea of the potential value of the power-of-sale property. Keep in mind that power-of-sale properties may be priced lower than market value due to the nature of the sale. Financial Analysis: Conduct a thorough financial analysis of the investment. Calculate the potential return on investment (ROI) by considering factors such as the purchase price, estimated renovation costs, holding costs, potential rental income (if applicable), and future resale value. Consider the potential risks and challenges associated with the property, such as additional liens, outstanding taxes, or unforeseen repairs. Legal and Liens Check: Perform a comprehensive title search and review any existing liens or encumbrances on the property. Ensure that you understand the legal status of the property and any potential obligations or outstanding debts attached to it. Seek legal advice to ensure you have a clear understanding of the legal implications and any risks involved in the purchase. Market Conditions and Location: Evaluate the current real estate market conditions and the location of the power-of-sale property. Consider factors such as supply and demand, market trends, growth potential, and the desirability of the neighborhood. Assess the long-term prospects of the area to determine if it aligns with your investment goals. Financing Options: Explore financing options for purchasing the power-of-sale property. Understand the financing requirements, such as down payment, interest rates, and potential mortgage options. Consult with mortgage professionals to determine the feasibility of financing the purchase and any associated costs. Consult Professionals: Seek advice from professionals such as real estate agents, lawyers, and financial advisors who specialize in power-of-sale properties. They can provide guidance, negotiate on your behalf, and help you navigate the complexities of the power-of-sale process. It's crucial to conduct thorough due diligence and seek professional advice before investing in a power-of-sale property. Assessing the property's condition, market value, potential returns, and associated risks will help you make an informed decision and determine if the power-of-sale property aligns with your investment objectives. 'I'm done with Canada': High cost of living leads some to leave the country With countless Canadians struggling to afford high housing costs, some have decided to relocate to countries where accommodation and other essential items cost less. CTVNews.ca heard from several of these Canadians, many of whom say they hope the lower prices will have a positive impact on their overall quality of life. iheartradio.ca READ MORE ... Minimum wage couldn't land you a 1-bedroom unit years ago. Now, it's even worse. Here's why | CBC News A new report released Tuesday by the Canadian Centre for Policy Alternatives found that while minimum wages have risen since 2018, they haven't increased as fast as rental rates. Researchers say this not only leaves workers spending too much on rent, but ultimately puts minimum wage workers at risk of becoming homeless. cbc.ca READ MORE ... 'They're drowning': Latest interest rate hike hits B.C., Canadian homeowners hard Tiffany Verhagen moved from Victoria to Edmonton several years ago for a job in the oilsands. She and her husband, Jason, saved up and bought a home. But with a variable rate mortgage, they’ve been squeezed by the last 10 interest rate hikes by the Bank of Canada, the most recent hitting with a bang on Wednesday. A flood in her basement suite has also wiped out $2,100 a month in rental income and the 37-year-old also took out a $30,000 line of... msn.com READ MORE ... Spotlight: Increasing inventory putting pressure on home prices Beth and Ryan Waller, Guelph Realtors talk about factors contributing to more options for buyers in Guelph real estate. guelphtoday.com READ MORE ... After our buyer backed out at the last minute, we reframed our house-selling strategy in 4 ways We were fully ready to sell our house last June when the Federal Reserve raised interest rates. We had to rethink our strategies for selling. msn.com READ MORE ... Rental market report suggests increasing costs hitting Manitobans hard - Winnipeg | Globalnews.ca A national rental market report shows the average cost of rent in Manitoba is going up. For many, advocates say, that 'makes everything in their life that much more difficult.' globalnews.ca READ MORE ... Here's how much it cost to rent an apartment in Ottawa in June The average cost to rent a one-bedroom apartment in the capital surpassed $2,000 a month in June, as rental rates continued to rise in Ottawa and across Canada. ottawa.ctvnews.ca READ MORE ... B.C. family evicted for demolition but found new tenants were moved in Chelsea Langlois told Global News she had to move her family of four out of their rental home in Langford when she was notified it would be torn down for development. rock101.com READ MORE ... Hamilton house of the week: This duplex has 12 rooms, two kitchens and a big garage | inTheHammer This place: This two-storey brick duplex has 12 rooms including two kitchens. Price: $749,000 Address: 194 Wellington St. N. (intersects with Cannon Street East) Neighbourhood: Landsdale Big selling point: This home is an investment opportunity with 5 + 1 bedrooms and ample parking. It has multiple features, including great ceiling heights, big windows, a large […] insauga.com READ MORE ... 'Perfect places': These Oakville and Burlington neighbourhoods among the 10 best in Canada to raise kids, according to real estate report "Popular with families." 'Perfect places': These Oakville and Burlington neighbourhoods among the 10 best in Canada to raise kids, according to real estate report. insidehalton.com READ MORE ... Buying Pre-Construction: What You Should Know It's critical to weigh these advantages and downsides before you put any money down. moneytalksnews.com READ MORE ... Toronto is about to get an entirely new skyline where you'd least expect The Golden Mile area of Scarborough may indeed have a gilded future of glittering towers. An onslaught of development is promising a from-scratch s... blogto.com READ MORE ... Toronto's 8-Ft-Wide Skinny House Listed For $1.1M A Corktown/South Cabbagetown home has just been listed, and, at a mere eight feet wide, it may just be Toronto's skinniest house. storeys.com READ MORE ... Canadian Real Estate Industry Downgrades Home Sales Forecast - Better Dwelling Canada’s real estate industry is lowering expectations for the market going forward. The Canadian Real Estate Association (CREA) revised its home sales forecast lower for the remainder of the year. They also see 2024 being slower than previously anticipated, as demand slows without central bank stimulus.  Canada’s Real Estate Industry Revises 2023 Sales Lower Expectations […] betterdwelling.com READ MORE ... This sad Toronto bungalow is going for almost $3 million Something about seeing a listing of neglected house gives us the same feeling as seeing someone's grandparent alone in a retirment home.  In a way,... blogto.com READ MORE ... Canada housing starts to see huge monthly surge June's results were the largest month-over-month increase for a decade mpamag.com READ MORE ... This $13 million Toronto mansion has a library that looks like it's out of a Disney movie Eight years ago, 8 Swansdown Dr. was just a patch of grass. But now, as realtor Kathie Wood writes in the listing, it's "a truly unique and un... blogto.com READ MORE ... Realtor hit with lawsuit over failed property transaction xA B.C. realtor was sued by a buyer over a failed property transaction, who alleged the agent's actions caused her to abandon a.. realestatemagazine.ca READ MORE ... Massive gap between minimum wage and cost of rent: Report In order to afford a two-bedroom apartment in Toronto you’ll need to make more than twice the minimum wage, according to a new report. nowtoronto.com READ MORE ... Toronto tenants: be aware! In this rental market, knowledge is key thevarsity.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, 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