10th Aug 2023 - Daily Navigator: Greater Toronto Real Estate News

★ Thursday 10th August 2023 ★ Quick Easy Fix-Ups: FREE Report! Daily Navigator: Greater Toronto Real Estate News! "Stay ahead of the curve with our comprehensive Reports and hottest NEW Listings!" Welcome to "Daily Navigator: Greater Toronto Real Estate News!" Our daily newsletter is your trusted guide through the vast landscape of the Greater Toronto real estate market. We understand that navigating the market can be complex, so we provide you with a clear and concise navigation tool for the latest news, trends, and insights. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market updates, new listings, investment opportunities, and expert opinions. Navigate the Greater Toronto real estate market with confidence and make informed decisions with our daily navigator. Subscribe now to "Daily Navigator: Greater Toronto Real Estate News" and stay on course in the dynamic Greater Toronto real estate scene. Do these Fix-Ups apply to both Interior and Exterior areas of the Home? Yes, the term "fix-ups" generally refers to improvements, repairs, or renovations that can be applied to both the interior and exterior areas of a home. These fix-ups aim to enhance the property's condition, aesthetics, functionality, and overall value. Here's how fix-ups can apply to both areas: Interior Fix-Ups: Cosmetic Enhancements: This includes painting walls, updating flooring, and adding new lighting fixtures to improve the visual appeal of interior spaces. Kitchen and Bathroom Updates: Upgrading countertops, cabinets, appliances, and fixtures can modernize these high-impact areas. Repairing or Replacing Systems: Fixing or replacing HVAC systems, plumbing, electrical systems, and water heaters improves safety and efficiency. Basement and Attic Improvements: Converting a basement into usable living space or adding insulation to the attic can increase the home's functionality. Cosmetic Repairs: Addressing drywall cracks, replacing damaged or outdated trim, and fixing doors and windows can refresh the interior. Exterior Fix-Ups: Curb Appeal Enhancements: Landscaping, adding a fresh coat of paint to the front door, and repairing the driveway and walkways can boost curb appeal. Roof Repairs: Fixing or replacing damaged shingles, addressing leaks, and ensuring proper drainage can extend the life of the roof. Siding and Exterior Repairs: Repairing or replacing siding, fascia, and soffits can protect the home from the elements and improve its appearance. Window and Door Replacement: Updating old windows and doors improves energy efficiency, security, and aesthetics. Deck and Patio Improvements: Repairing or upgrading decks, patios, and outdoor living spaces can enhance outdoor enjoyment. Fencing and Gate Repairs: Fixing or installing fences and gates provides privacy and security while adding to the property's value. Exterior Lighting: Adding or improving exterior lighting enhances safety and highlights architectural features. It's important to assess the condition of both the interior and exterior of the home when considering fix-ups. Prioritize repairs that address safety concerns, such as structural issues or electrical problems. Then, focus on improvements that enhance the property's appeal and functionality, both inside and outside. Consulting with professionals such as contractors, designers, and real estate agents can help you determine the most effective fix-ups to undertake based on your goals and budget. Advantages of getting a mortgage pre-approval - Mortgage Matters As the experts sound the alarm on potential further mortgage rate increases in the coming months, many homebuyers are feeling the pressure to act quickly and secure their dream homes before the rates increase. castanet.net Read More ... Toronto home sales fall again Activity also looks to be slowing as rate increases bite mpamag.com Read More ... The average price of a new condo in Toronto just plunged for the first time in a decade Even though terribly average homes in Toronto are hitting the market for $10 million and the average price for any home in the GTA sits around $1.2... blogto.com Read More ... How a Vancouver startup is tackling money laundering in Canadian real estate Discover how a Vancouver startup is revolutionizing the Canadian real estate industry by tackling money laundering head-on. You won't believe the impact they're having! realestatemagazine.ca Read More ... Canada’s real estate correction is far from over: Oxford Economics Tony Stillo, director of economics for Canada at Oxford Economics, joins BNN Bloomberg to discuss housing affordability in Canada. After the country hit a record worst level of unaffordability in Q2 of 2023, he believes that house prices will fall another 10 per cent by early next year, but says home ownership will likely not return to an affordable range until 2027. bnnbloomberg.ca Read More ... Most Canadians See Immigration Increase as Negative for Housing Costs - BNN Bloomberg Most Canadians view Prime Minister Justin Trudeau’s plan to raise immigration targets as adversely affecting the cost of housing, signaling a shift in public attitudes in the typically newcomer-friendly country. bnnbloomberg.ca Read More ... The First Home Savings Account and saving to buy a home Learn how a TFSA, RRSP and an FHSA could help you save for your first home. stories.td.com Read More ... The 2-step intelligent price reduction strategy Discover the 2-step intelligent price reduction strategy that will leave you wondering how you ever sold properties without it. Get ready to boost your sales today. realestatemagazine.ca Read More ... How life insurance can help with cottage succession planning Permanent life policies could be effective tax and estate planning tools, says insurance industry leader wealthprofessional.ca Read More ... Niagara House of the Week: Brand new two-storey detached in beautiful Welland neighbourhood | inNiagaraRegion This place: Three bedroom, four-bathroom brand new custom-built detached home in a beautiful Welland neighbourhood.  Price: $1,000,000 Address: 402 Aqueduct St Neighbourhood: Thorold Road area Big selling point: This new custom home has been built with the finest materials. The main floor features a Chef-Inspired kitchen with a large center island, Quartz counter tops, stainless steel appliances […] insauga.com Read More ... Stunning Family Home in Collingwood 312 Beech Street, Collingwood Fabulous family home in one of Collingwood's most desirable areas. This custom built beauty has been extremely well cared for and is ready for the new owners to move in and enjoy. collingwoodtoday.ca Read More ... 6 things you may not have considered (but should) when buying a waterfront property - Cottage Life It starts with a listing. A property online catches your eye. You scroll through flattering pictures of the cottage and waterfront, search how far the drive would be, and indulge in a subtle fist pump when you see the reasonable price. This could be the cottage you’ve been waiting for. Next step is to view cottagelife.com Read More ... Peterborough homeowners can soon add up to 2 additional residential units on lot - Peterborough | Globalnews.ca City council endorsed a staff report that recommended amending a 2018 zoning bylaw that allowed up to one residential suite to double it to two 'residential units.' globalnews.ca Read More ... Toronto is getting a breathtaking new building shaped like a country Toronto is home to a wide range of architectural styles, but a building shaped like a European nation has got to be a first for the city. Construct... blogto.com Read More ... Early signs of stress for household finances: CIBC | Advisor's Edge Financial pressure likely to intensify as mortgages reprice in years ahead advisor.ca Read More ... Mortgage Credit Availability Hits a 10-Year Low - Swerd Media Title: Mortgage Rates Climb, Qualifying for Mortgages Becomes Challenging Intro: In recent months, the mortgage market has been hit by increasing interest rates, significantly impacting borrowers’ ability to secure a mortgage. The Mortgage Bankers Association’s credit availability index has dropped to its lowest level since 2013, signaling a tightening of lending standards. As a consequence, swerdmedia.com Read More ... Cottage of the Week: $2.6 million for a Georgian Bay Township log house with a tiki bar and its own waterfall This 2,600-square foot getaway also comes with an enormous gable window, a portable sauna and an unbeatable view of Go Home Lake torontolife.com Read More ... BC rental protections for roommates considered | CityNews Vancouver B.C.'s housing minister says the provincial government is looking at better protections for renters with roommates on the same lease. vancouver.citynews.ca Read More ... 'Do not walk on property,' warns listing for $1.8M teardown in Vancouver A "fire-damaged house of no value" has been listed for sale for $1,799,000 in Vancouver, a stark example of how much real estate prices are driven by land in the city. bc.ctvnews.ca Read More ... Toronto's market shows signs of balance in July TRREB's July Market Watch shows a more balanced real estate market in Toronto, with neither buyers nor sellers having a clear advantage realestatemagazine.ca Read More ... Regina landlord says there's 'no help' after tenant wrecks rental unit The housing crisis has been top of mind in Regina since the recent tent encampment was removed near city hall. Now, landlords are adding their voices to the growing lists of concerns. regina.ctvnews.ca Read More ... Real estate sales and prices in Mississauga and Brampton tumble after interest rate hikes Brampton and Mississauga’s real estate markets saw significant declines in sales and prices across most market segments in July after a bullish start to 2023 mississauga.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

9th Aug 2023 - Greater Toronto Real Estate Insider: Daily Spotlight

★ Wednesday 9th August 2023 ★ Extra Home Buying Costs - FREE Report! Greater Toronto Real Estate Insider: Daily Spotlight! "Transform your Home Buying and Selling Journey with our valuable Insights and Listings!" Welcome to "Greater Toronto Real Estate Insider: Daily Spotlight!" Our daily newsletter is your exclusive glimpse into the insider world of the Greater Toronto real estate market. We understand that insider knowledge is invaluable, so we bring you curated insights, trends, and expert opinions directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our spotlight covers a wide range of topics, including market updates, new developments, investment opportunities, and regulatory insights. Gain the inside edge and make informed decisions with our daily spotlight. Subscribe now to "Greater Toronto Real Estate Insider: Daily Spotlight" and get an exclusive look at the ever-evolving Greater Toronto real estate scene. How can I estimate the Closing Costs associated with Buying a Home in Toronto? Estimating closing costs when buying a home in Toronto is essential for budgeting and ensuring you have a clear understanding of the total costs involved in the transaction. Closing costs are additional expenses beyond the purchase price and can vary based on factors such as the property price, location, and specific circumstances. Here's how you can estimate closing costs: Work with Professionals: Engage a real estate lawyer and a mortgage broker early in the process. They can provide you with accurate estimates based on your specific situation. Land Transfer Tax: Toronto has both a municipal and provincial land transfer tax. The amount depends on the purchase price. You can use online calculators provided by the city to estimate these costs. Legal Fees and Disbursements: Legal fees for handling the transaction and associated disbursements (title searches, document registrations, etc.) are typically charged by your lawyer. Request a quote from potential lawyers. Title Insurance: While not mandatory, title insurance provides protection against title defects or ownership disputes. The cost is based on the property value. Home Inspection: While not a closing cost, a home inspection is recommended and has a separate fee. It can help identify potential issues before purchasing. Appraisal Fee: If your lender requires an appraisal of the property's value, there may be a fee associated with this service. Mortgage Insurance Premiums: If your down payment is less than 20%, you may need mortgage loan insurance. The cost varies based on the down payment amount and property value. Home Insurance: Lenders require proof of home insurance, which comes with a premium based on factors like coverage, location, and property value. Moving Costs: Factor in expenses related to moving your belongings to the new property. Utility Hookups and Deposits: Setting up utilities like water, electricity, and gas may involve deposits or connection fees. Adjustments and Prepaid Expenses: You may need to reimburse the seller for prepaid property taxes, utilities, or other fees that extend beyond the closing date. HST on New Builds: If you're buying a newly constructed home, HST may apply to the purchase price. New homebuyers can apply for rebates on a portion of this tax. Condominium Fees: If purchasing a condo, you'll need to pay any outstanding condo fees and contribute to a reserve fund. Miscellaneous Costs: Other potential costs include home warranties, repairs or renovations, and any additional services you require. To get a more accurate estimate, consult with your real estate lawyer, mortgage broker, and potential service providers. Keep in mind that closing costs can add a significant amount to your overall expenses, so it's important to plan for them accordingly. Spotlight: Dream of owning a home? Don’t give up — here are 7 things you need to know Getting the right home-buying advice can help you one day walk through your own front door. midlandtoday.ca READ MORE ... Most Canadians Still Couldn’t Buy A Home In Their City—It’s Not Even Close - Better Dwelling Canadian housing is getting more affordable, but it’s still way out of reach for most. National Bank of Canada (NBF) released its Q2 2023 Housing Affordability Monitor (HAM) showing improvements in most markets. Despite rising financing costs, home prices fell enough to improve affordability. It was the third quarter to show affordability improvements, but it’s […] betterdwelling.com READ MORE ... Canada’s Real Estate Correction Is Far From Over: Oxford Economics - Better Dwelling Canada’s real estate correction is all set to continue, following a brief interruption. High-profile macroeconomics firm Oxford Economics sees the Spring bounce as temporary. Their latest forecast shows the correction is only halfway, and will last well into next year. Higher mortgage rates and macroeconomic erosion may also prevent a rapid recovery. Canada’s Real Estate […] betterdwelling.com READ MORE ... Ontario farmland now the most valuable in the land Ontario has surpassed Alberta with the most valuable agricultural land in Canada thereview.ca READ MORE ... GTAHomeHunt: Toronto Property Sells for Over $100,000 Above Asking Price GTAHomeHunt: Toronto Property Sells for Over $100,000 Above Asking Price - Gillett News gillettnews.com READ MORE ... Peterborough’s Black Horse Pub listed for sale at $1.2 million | kawarthaNOW By Paul Rellinger. Popular downtown entertainment venue and restaurant hits the market; current owner Desmond Vandenberg is hopeful buyer will 'take it, enjoy it, and build on it'. kawarthanow.com READ MORE ... Real estate markets defy rate hikes: annual growth in activity persists, but there are signs of a cooling ahead - Mortgage Rates & Mortgage Broker News in Canada Real estate markets in the country's largest metro areas remained relatively strong in July despite the Bank of Canada's most recent rate hikes. canadianmortgagetrends.com READ MORE ... Foreign buyer ban significantly dragging down luxury market, report says High-net-worth individuals are discouraged from investing in the Canadian housing market mpamag.com READ MORE ... Why there's room for optimism in Canada's mortgage market A surprisingly resilient economy and underlying demand point to positive signs ahead, says company president mpamag.com READ MORE ... Why mortgage brokers are embracing ‘digital onboarding’ and not looking back - Mortgage Rates & Mortgage Broker News in Canada For much of the mortgage industry’s history, brokers required a mountain of paperwork from prospective clients to ensure they’d actually be approved by a willing lender. canadianmortgagetrends.com READ MORE ... Your Path to Homeownership: Mortgage Do's and Don'ts – Energeticcity.ca Time to set on your path to homeownership! Check out these mortgage do's and don'ts to make the process smoother and more enjoyable. energeticcity.ca READ MORE ... These Are The 10 Cheapest Cities In Canada For Monthly Rent, Home Prices & Mortgage Payments Your best chance to pay below the national average 👀. msn.com READ MORE ... This Week’s Top Stories: Canada’s Real Estate Correction Continues, & Price Data Deemed Unreliable - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Correction Is Far From Over: Oxford Economics Canada’s real estate correction is only half over, warns a prominent research firm. Oxford Economics sees the Spring bounce fading, and the correction resuming. Prices are forecast to fall another 10% by […] betterdwelling.com READ MORE ... Real estate bargains in August in Burlington, Oakville, Milton | inHalton Prices of homes in Halton continues to fall, and here are five of the most affordable places that sold last month in Milton, Burlington, Oakville and Halton Hills. Here are five of the least expensive homes that sold in the region during August: 331-2486 Old Bronte Rd., Oakville, $513,000 Spacious, one-bedroom condo with open layout […] insauga.com READ MORE ... This adorable gardener's cottage in Toronto is going for just under $1 million Just two blocks south of Taylor Creek is this adorable piece of history.  Built in 1897, 23 Midburn Ave. was once the gardener's cottage for the Wa... blogto.com READ MORE ... New report examines how rising interest rates have impacted home prices in Canada With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from Century 21 Canada. ctvnews.ca READ MORE ... Map: Here are Vancouver's cheapest neighbourhoods to rent in this August There's a $1,000 difference between the cheapest and most expensive neighbourhoods in Vancouver. vancouverisawesome.com READ MORE ... Tenants needed help yesterday. Where is New Brunswick's promised rent bank? | CBC News The province promised to spend $3 million over the next two years to help up to 750 renter households annually avoid eviction or obtain new rental accommodations. The program was announced without a timeline, eligibility criteria or repayment terms. As recently as July 31, the province couldn’t confirm when the rent bank will be available. cbc.ca READ MORE ... House of the Week: $8.6 million for a home near Casa Loma with eight bedrooms and an outdoor dining hall This 5,600-square-foot property is surrounded by gardens and comes with original arched doorways, 10-foot ceilings and a finished basement with a separate entrance torontolife.com READ MORE ... Growth in the GTHA: UTPro Report Looks at Projects in Mississauga, Hamilton, Brampton, and More | UrbanToronto This month, the UTPro Montly Reports turn our lens on seven data-rich municipalities in the Greater Toronto and Hamilton Area: Hamilton, Mississauga, Markham, Brampton, Pickering, Oakville, and Burlington, along with Toronto, and finds big numbers. urbantoronto.ca READ MORE ... Thinking of renting to students this year? | Vancouver Island University | Canada Bruce Barnard has been renting rooms in his home to students since 2014. Before that, he owned the Painted Turtle Guesthouse in downtown Nanaimo, providing accommodation for 110,000 guests from around the world. He says renting to students is a great way for him and his family to learn different perspectives and meet new people. He’s currently looking for another long-term viu.ca READ MORE ... Toronto Real Estate Prices Plunge Over $20k, Now A “Buyer’s Market” - Better Dwelling Greater Toronto real estate prices are suddenly back to correcting, despite a mini-boom. Toronto Regional Real Estate Board (TRREB) data shows home prices fell in July. Rising interest rates are the first thought, but home sales are still climbing. Home buyers just aren’t able to keep up with sellers—new listings are climbing much faster than […] betterdwelling.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