🚨 26th August 2023 - Daily Digest: GTA Real Estate News

★ Saturday 26th August 2023 ★ FREE Home Evaluation Toronto GTA Daily Digest: GTA Real Estate News! "Empowering you to make informed decisions with our reports and exclusive Listings!" Welcome to "Daily Digest: GTA Real Estate News!" Our daily newsletter is your concise and comprehensive digest of the latest news, trends, and insights in the Greater Toronto Area real estate market. We understand that staying informed is essential, so our digest delivers the most relevant and impactful 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 updates, new listings, investment opportunities, and expert analysis. Get a quick overview and make informed decisions with our daily digest. Subscribe now to "Daily Digest: GTA Real Estate News" and stay up to date in the dynamic GTA real estate scene. Is a free home evaluation beneficial for both sellers and potential buyers in Toronto's real estate market? Yes, a free home evaluation can be beneficial for both sellers and potential buyers in Toronto's real estate market. Here's how it can provide value to both parties: Benefits for Sellers: Accurate Pricing: A professional home evaluation helps sellers determine an accurate and competitive listing price for their property. Overpricing can deter potential buyers, while underpricing can lead to lost value. Maximized Selling Price: An accurate listing price based on market trends and comparable sales can attract more buyers and potentially lead to multiple offers, driving up the selling price. Market Insights: A real estate professional providing the evaluation can offer insights into current market conditions, helping sellers understand the level of demand and competition. Effective Marketing: A well-priced property stands out in the market. Sellers can use the evaluation to create compelling marketing materials that highlight the property's value. Faster Sales Process: A competitive price can lead to a quicker sale, reducing the time the property spends on the market. Negotiation Advantage: An accurately priced property gives sellers a stronger position during negotiations with potential buyers. Benefits for Potential Buyers: Informed Decision: Buyers can use the information from a home evaluation to make an informed decision about whether a property aligns with their budget and expectations. Comparison: Understanding a property's market value helps buyers compare it to other properties they're considering, ensuring they're getting good value. Negotiation Strategy: Buyers armed with knowledge about a property's value can negotiate more effectively, especially in situations where the listing price is significantly higher than the property's actual worth. Investment Potential: For buyers considering a fixer-upper, a home evaluation can provide insights into the potential renovation costs and whether the property is a worthwhile investment. Financial Planning: Knowing a property's value is crucial for buyers planning their budget and securing financing. Confidence: Buyers can have more confidence in their purchase knowing they've made an informed decision about the property's value. In both cases, the free home evaluation is conducted by real estate professionals who have access to up-to-date market data and insights. However, it's important to note that evaluations may vary among different professionals, so it's a good idea to consult multiple sources and consider getting a second opinion. Whether you're a seller or a potential buyer, a free home evaluation provides valuable information that can guide your decisions and help you navigate the Toronto real estate market more effectively. Will the Bank of Canada Cut Interest Rates This Year? The benchmark interest rate rose nearly 500 basis points since early 2022. Will the Bank of Canada cut interest rates this year? blog.remax.ca READ MORE ... Toronto is so expensive that people are choosing to return to warzones over living here Given the outrageous cost of rent, real estate, groceries, and every other aspect of life in and around Toronto, it's understandable why so many pe... blogto.com READ MORE ... Zillow Offers 1% Down Payment to Lure Struggling Homebuyers - BNN Bloomberg Zillow Group Inc. is offering mortgages with just a 1% down payment as it tries to attract house hunters facing the the most-unaffordable market in almost four decades. bnnbloomberg.ca READ MORE ... Minimum down payment needed for home in Niagara doubles in 5 years | inNiagaraRegion The amount needed to put a down payment on buying a home in the Niagara Region has more than doubled in the past five years, according to a study by real estate brokerage Zoocasa. While the average value of homes in Niagara Region has also risen considerably – from $402,700 in July 2018 to $683,900 […] insauga.com READ MORE ... Surreal Estate: $4.9 million for a Thornbury mansion with a koi pond and a wall dedicated to Dr. Seuss What house in a field would be complete without 3,500 square feet of space, a cedar-plunge hot tub, multiple decks and a pond? torontolife.com READ MORE ... Distinctive luxury home for sale in Summerland - South Okanagan Luxury Homes Enjoy a luxury lifestyle in this distinctive award-winning home built by Homescape, a three-time winner of Best Small Volume Builder BC. castanet.net READ MORE ... Technology can help you find the right realtor AI can help homebuyers and sellers make the most informed choice when it comes to choosing a realtor As the applications for artificial intelligence (AI) continue to evolve and improve, it should be seen as a technology that adds value to human expertise and capabilities — not as a replacement for them. Like many other technologies, it’s a tool people can harness to help them make better real estate decisions that will ultimately lead to a... msn.com READ MORE ... House of the week: Mississauga home comes with a saltwater pool | insauga Mississauga house of the week. insauga.com READ MORE ... Safeguarding Your Investment: Toronto Real Estate Lawyers and Due Diligence - News Examiner Safeguard your Toronto real estate investment with due diligence. Learn why Toronto real estate lawyers are essential for navigating legal and financial intricacies. newsexaminer.net READ MORE ... The Move: From downtown Toronto to an artist’s escape in rural Newfoundland - Macleans.ca Laura Dawe thought she’d never be able to afford a home. Then a little yellow house in picturesque Pouch Cove caught her eye. macleans.ca READ MORE ... Homeowner stress bursts into view in Canada banks' mortgage data - BNN Bloomberg Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borrowing costs. bnnbloomberg.ca READ MORE ... TD reports strong mortgage volumes and stabilizing amortizations - Mortgage Rates & Mortgage Broker News in Canada Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter. canadianmortgagetrends.com READ MORE ... Colin and Justin: Realizing the home buying dream As mortgage rates climb, say Colin and Justin, you need to employ smart thinking to make your dream home a reality o.canada.com READ MORE ... Big Fat Deal: $5.3 million to reward the laziest real estate listing in Vancouver BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province. bcbusiness.ca READ MORE ... Rent control in Ontario: what you need to know Rent control usually limits increases to the rate of inflation in an attempt to keep rates affordable for a majority of renters. toronto.citynews.ca READ MORE ... Laneway Suite of the Week: A high-fashion two-storey home in Dovercourt Village How a schoolteacher downsized into a sleek alley abode with two bedrooms and storage galore—all for $500,000 torontolife.com READ MORE ... Four suspects sought after allegedly posing as GTA homeowners to sell property, take out second mortgage Peel Regional Police are looking for four suspects allegedly involved in real estate scams in the Greater Toronto Area that saw them sell a property they rented and, in one instance, take out a second mortgage by pretending to be the homeowner. cp24.com READ MORE ... International student in Toronto speaks out on 'nasty' housing conditions A Toronto-based international student is speaking out about the crowded and uncomfortable living conditions he’s been enduring for months in a Scarborough bungalow. A situation, now part of a city investigation. toronto.ctvnews.ca READ MORE ... A Buyer’s Guide to What’s Driving the Housing Price Increase in Nova Scotia Want to buy property in Nova Scotia but wondering what's driving the housing price increase? Heres everything you need to know. blog.remax.ca READ MORE ... Chow sets out 'first step' in affordable housing plan, ups target by 25,000 homes Toronto Mayor Olivia Chow presented on Thursday what she called a “first step” in her bid to build 25,000 affordable rental homes, in addition to those already planned for the… cornwallseawaynews.com READ MORE ... Canadian GDP To Show Slowing Growth, Or The BoC May Hike Rates: RBC - Better Dwelling Canada’s biggest bank is warning investors of an economic slowdown brewing. Gross domestic product (GDP) data for Q2 won’t be released until next week, but RBC expects it to show the economy was hit with a sharp slowdown. Coupled with a mild acceleration to inflation, everyone has one question—is a slowing economy enough to prevent […] betterdwelling.com READ MORE ... Toronto just got a new home that's the first of its kind Toronto just got it's first garden suite in Leaside after the neighbourhood came together this summer to build the city's first home of its kind in... blogto.com READ MORE ... Spotlight: How to overcome credit challenges with a bad credit mortgage lender Explore mortgage solutions for those with poor credit scores guelphtoday.com READ MORE ... A Toronto house with a unique feature just hit the market for almost $4M It wasn't too long ago when laneway houses were pretty much non-existent. But after that red tape got cut in 2018, we've had the pleasure of seeing... blogto.com READ MORE ... Someone in Toronto is renting out half of their bedroom to share for over $1,000 If you're paying less than $2,600 for a one-bedroom apartment in Toronto right now, you should consider yourself one of the lucky ones, as rent pri... blogto.com READ MORE ... Realtors rise to meet increased demand amid surge in new listings Discover how realtors are rising to the challenge of increased demand and new listings with innovative strategies that will leave you wanting more. realestatemagazine.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

🤔 25th Aug 2023 - The Daily GTA Real Estate Roundup

★ Friday 25th August 2023 ★ Toronto Real Estate Fixer Upper - Myths & Facts! The Daily GTA Real Estate Roundup! "Navigate the real estate market with confidence using our reports and hot Listings!" Welcome to "The Daily GTA Real Estate Roundup!" Our daily newsletter is your comprehensive roundup of the latest news, trends, and insights in the Greater Toronto Area real estate market. We understand the importance of staying informed, so our roundup delivers a curated selection of the most relevant and impactful information directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our content covers a wide range of topics, including market updates, new listings, investment opportunities, and expert opinions. Get a holistic view of the GTA real estate scene and make informed decisions with our daily roundup. Subscribe now to "The Daily GTA Real Estate Roundup" and stay ahead in the dynamic and ever-evolving GTA real estate market. What Renovations or repairs are typically needed when Buying a Fixer-Upper Property? When buying a fixer-upper property, renovations and repairs are often needed to bring the property up to your desired standards and increase its value. The specific renovations required will depend on the property's condition and your goals, but here are common areas that might need attention: Structural Repairs: Addressing any structural issues is a top priority. This includes fixing foundation problems, roof repairs, and addressing issues with walls, floors, and ceilings. Electrical and Plumbing: Updating outdated electrical and plumbing systems is essential for safety and functionality. This might involve rewiring, replacing pipes, and upgrading fixtures. HVAC System: Repairing or replacing heating, ventilation, and air conditioning systems ensures comfortable living conditions. Windows and Doors: Upgrading windows and doors can improve energy efficiency, enhance security, and enhance the property's curb appeal. Kitchen Renovation: Kitchens are often a focal point. Upgrades might involve replacing cabinets, countertops, appliances, and adding modern fixtures. Bathroom Renovation: Bathroom renovations can include updating fixtures, tiling, and addressing any plumbing issues. Flooring: Refinishing or replacing flooring can transform the look of a property. Options include hardwood, laminate, tile, or carpet. Painting and Wallpaper Removal: Fresh paint can make a big difference. If there's wallpaper, removal and repainting might be necessary. Exterior Improvements: Enhance curb appeal with landscaping, exterior painting, siding repairs, and porch or deck updates. Insulation and Energy Efficiency: Improving insulation and energy efficiency can save on utility bills and make the property more appealing to buyers. Cosmetic Updates: These might include repainting walls, adding new light fixtures, and updating hardware. Basement or Attic Finishing: Converting these areas into usable living space can add significant value. Waterproofing: Addressing water issues in basements and crawl spaces is crucial to prevent future problems. Mold and Pest Remediation: If there's mold or pest infestation, addressing these issues is a priority for health and safety. Accessibility Improvements: Consider making the property more accessible by adding ramps, widening doorways, and ensuring there are no barriers for those with mobility challenges. Code Compliance: Ensure that all renovations meet local building codes and regulations. Before purchasing a fixer-upper property, it's essential to get a professional home inspection. This will help identify the extent of repairs needed and prevent any surprises after purchase. Depending on your skills and budget, you might consider DIY projects, but for major renovations, hiring professionals is usually recommended. A real estate agent or contractor can provide valuable insights into the expected costs and potential returns on your investment. Toronto home sales are in a nosedive and experts are very worried Soaring lending rates continue to paralyze Toronto's real estate market, and while this has meant potentially lower prices for would-be buyers, har... blogto.com Read More ... The Chase: How this ER nurse scored a $750,000 three-bedroom in north Georgetown Newly separated and priced out of Mississauga and Brampton, Tammy Teeter found a new lease on life torontolife.com Read More ... University, college students coping with high rent and scams ahead of fall semester | CBC News With the start of the fall semester looming, it's been a mad rush for students who are still looking for a place to stay. cbc.ca Read More ... Canadian Millennials Are Failing To Keep Up, Putting The Economy At Risk: RBC - Better Dwelling Canada’s Millennials are doing worse than previous generations by virtually every metric. RBC Economics shared a report focusing on debt, labor, and economic risks. They found that Millennial incomes are failing to keep up in the current environment, leading to less disposable income. Boomers are doing much better, so it may sound like it all […] betterdwelling.com Read More ... A Look at the Toronto Real Estate Market Today Wondering what the state of the current Toronto real estate market? Read through to learn about rates and more. blog.remax.ca Read More ... A Toronto couple saved $25,000 after selling their condo for a bigger space | insauga With sky-high housing prices and increasingly unaffordable realtor commission fees, some Ontario residents are opting to save money by selling with flat-fee, full service brokerage New Era Real Estate. That includes Dan and Jessica, a couple who decided to sell their Toronto condo after finding out they were expecting their first child. Since New Era […] insauga.com Read More ... Finding housing in Hamilton an 'awful' and 'stressful' task for incoming international students | CBC News Tamish Shah, an incoming first-year student at Mohawk College in Hamilton, landed in Canada in mid August with no place of his own to live. Last week, he signed a lease for a room that cost $150 over his budget and is still an hour bus ride away from campus. He's one of many who have struggled to find housing this year. cbc.ca Read More ... Can the housing crisis be fixed without lowering current property values? Analysts are skeptical - The Hub Housing is slated to be a major topic at this week’s federal government’s cabinet retreat. Some analysts, however, are skeptical and do not believe the federal government is actually all that serious about making homes more affordable.   thehub.ca Read More ... ‘Affordability continues to deteriorate’: GTA condo sales hit 23-year low in July, building association says Sales of condominiums in the Greater Toronto Area (GTA) last month were the lowest they’ve been in July in 23 years, according to the Building Industry and Land Development Association (BILD). cp24.com Read More ... Laneway Suite of the Week: A high-fashion two-storey home in Dovercourt Village How a schoolteacher downsized into a sleek alley abode with two bedrooms and storage galore—all for $500,000 torontolife.com Read More ... This $13.5 million Toronto house has an indoor waterfall Right at the end of a private cul-de-sac in the neighbourhood of Hoggs Hollow is this ultra-modern masterpiece of a home.  The four-bedroom, seven-... blogto.com Read More ... Edmonton's homes market remains among most reasonably priced in Canada The city’s real estate market continues to be one of the most affordable in Canada, new data reveals. “Edmonton is bucking the trend,” says local realtor John Carter, broker/owner of Re/Max River City Real Estate. Across Canada, sales are rebounding from last year, and prices are, too. Yet Edmonton remains a value buyer’s secret compared with other major markets, even Calgary — which has seen recent record sales and prices, driven by high... msn.com Read More ... These Are Canada's Most-Searched Cities For Real Estate & They Are Not Vancouver or Toronto Real estate listings in these two Canadian cities are cheaper than the national average. msn.com Read More ... Here are the parts of Toronto where home prices are surging and dropping the most Even if owning property in Toronto will likely never be in the cards for you, keeping an eye on the city's topsy-turvy real estate market is like w... blogto.com Read More ... Canadian Mortgage Borrowers Have Rate Cut FOMO, Snub 5-Year Terms - Better Dwelling Canadian mortgage borrowers won’t take on the risk of a variable rate mortgage, but they’re dreaming of rate cuts. Bank of Canada (BoC) data reveals a record share of mortgage originations had fixed interest terms in June. However, they aren’t opting for a longer, and traditionally more popular, 5-year fixed term. National Bank of Canada […] betterdwelling.com Read More ... Fixed rates back as top mortgage product of choice: National Bank - Mortgage Rates & Mortgage Broker News in Canada Despite interest rates potentially being at or near a peak, borrowers aren't betting on rate cuts anytime soon. canadianmortgagetrends.com Read More ... Mortgage regret: Survey shows Canadians are stressed about their current mortgage According to a new survey, a third of Canadian homeowners polled said they regret their current mortgage situation. atlantic.ctvnews.ca Read More ... ASK THE MONEY LADY: Renewing your mortgage now Christine Ibbotson writes about choosing a shorter-term mortgage renewal while higher interest rates are in place. theobserver.ca Read More ... Can Canada build 2.2M rental units within a decade? Roundtable report outlines 10 recommendations to restore rental affordability biv.com Read More ... This $3 million Toronto home was built in the 1830s but now looks futuristic Here at blogTO we love a house with a good story and 90 Burndale Ave. has a pretty great one.  The three-bedroom, four-bathroom home is also known ... 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