⬆️ 25th Sept 2023 - Canadian Mortgage Rates To Rise Further!

★ Monday 25th September 2023 ★ Toronto GTA Power Of Sale FREE Listings! Your Daily GTA Real Estate Spark! "Discover, Decide, Deliver: Reports & the Most Coveted Listings!" "Your Daily GTA Real Estate Spark" is your daily source of inspiration and information in the Greater Toronto Area's vibrant real estate market. Each day, we ignite your curiosity and knowledge with the latest trends, insights, and market updates, delivered directly to your inbox. Whether you're a prospective buyer, seller, investor, or simply interested in the GTA real estate scene, our content covers a wide range of topics, including new listings, market shifts, investment opportunities, and expert analysis. Stay informed and let us be the spark that lights your way in the dynamic world of GTA real estate. Subscribe now to "Your Daily GTA Real Estate Spark" and stay connected to the market's pulse. How can I ensure that the power-of-sale process is legitimate and legal? Ensuring that the power-of-sale process is legitimate and legal is essential when considering the purchase of a power-of-sale property in Toronto or anywhere else in Ontario, Canada. The power-of-sale process is a legal mechanism used by lenders to recover outstanding mortgage debt when a borrower defaults on their mortgage payments. To ensure that the process is legitimate and legal, follow these steps: Consult with a Real Estate Lawyer: Before proceeding with any power-of-sale property purchase, it is highly advisable to consult with an experienced real estate lawyer who specializes in Ontario real estate law. They can provide guidance, review all legal documents, and ensure that the process complies with the law. Review the Notice of Sale: The lender must provide the borrower with a formal Notice of Sale, outlining the intention to sell the property under power of sale. As a potential buyer, request a copy of this notice and review it carefully to understand the terms and conditions of the sale. Verify the Default: Ensure that the borrower has indeed defaulted on their mortgage payments. This can be done by reviewing public records or working with your real estate lawyer. Conduct Due Diligence: Research the property thoroughly. Obtain a property appraisal, home inspection, and title search to uncover any potential issues or liens on the property. This information can help you determine the property's fair market value. Check for Legal Notices: Look for any legal notices or restrictions that may affect the property. These notices can be found at the local Land Registry Office or through your lawyer's search. Review the Sale Agreement: When making an offer on a power-of-sale property, have your real estate lawyer review the sale agreement or offer to purchase. Ensure that the terms and conditions are fair and that your interests are protected. Secure Financing: Obtain pre-approval for financing from a lender or mortgage broker. Lenders may have specific requirements for financing power-of-sale properties, so it's essential to secure financing early in the process. Attend the Auction or Tender: In some cases, power-of-sale properties may be sold through an auction or tender process. If this is the case, attend the auction or submit your bid as per the specified procedures. Work with a Real Estate Agent: Consider working with a real estate agent who has experience in handling power-of-sale transactions. They can guide you through the process and help you find suitable properties. Comply with Legal Timelines: Be aware of the legal timelines associated with power-of-sale properties in Ontario. Failing to meet deadlines could result in the loss of the opportunity to purchase the property. Obtain Legal Advice: Continue to consult with your real estate lawyer throughout the transaction. They can provide guidance on legal requirements, negotiation strategies, and closing procedures. Title Insurance: Consider purchasing title insurance, which can protect you against any hidden title defects or issues that may arise after the purchase. By following these steps and seeking professional legal advice, you can ensure that the power-of-sale process is conducted legally and legitimately, reducing the risk of complications or legal challenges in the future. This Week’s Top Stories: Canadian Mortgage Rates To Rise Further & Unemployment Climbs - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Rates Set To Rise As Yields Go “Higher For Longer”: BMO Global bond yields are rising, and they’re about to take Canadian mortgage rates with them. The Government of Canada (GoC) 5-year bond hit a multi-year high, and other yields […] betterdwelling.com READ MORE ... Fixed mortgage rates expected to surge as bond yields reach 16-year high - Mortgage Rates & Mortgage Broker News in Canada Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. canadianmortgagetrends.com READ MORE ... Toronto was just ranked one of the most overvalued housing markets in the world After placing first on the UBS Global Real Estate Bubble Index last year, Toronto has fallen down the ranks in 2023 to claim its spot as the sevent... blogto.com READ MORE ... Canada's bonkers rent prices are now the main driver of our skyrocketing cost of living Inflation is continuing to hammer the wallets of Canadians as our lengthy cost of living crisis wages on, but it is no longer gas and grocery price... blogto.com READ MORE ... Is the housing crisis pricing out the skilled newcomers Canada wants to attract? | CBC Radio Canada remains an in-demand destination for newcomers, but the country's affordable housing crisis and high inflation are causing some to raise questions — just as Ottawa has increased immigration targets and aims to bring in 500,000 permanent residents a year by 2025. cbc.ca READ MORE ... Housing vacancy rate in Muskoka fell below one per cent last year: District report - Huntsville Doppler Report indicates that last year vacancies were at an all-time low in Muskoka compared to the previous three years. doppleronline.ca READ MORE ... Income needed to afford a home in B.C. rises by $16,995 in August 2023 B.C. is among the four provinces where an income over $100,000 is needed to buy a home. vancouverisawesome.com READ MORE ... 3 Dumb Ways Homeowners Waste Money Every Month The money you unknowingly waste could help bankroll your piece of the American Dream. moneytalksnews.com READ MORE ... Home Sales Are Taking a Hit Across the Country as Inventory Dwindles and Prices Increase Sales of existing homes fell 0.7 percent in August, according to a new report from the National Association of Realtors. ca.finance.yahoo.com READ MORE ... Is a cottage a viable 1st home? How the ownership thought process is changing Should your first property be urban, suburban or rural? Here's what to know about how costs and lifestyle can vary depending on where and what kind of home you buy. msn.com READ MORE ... Vancouver and Toronto no longer in bubble risk territory Vancouver and Toronto are no longer in bubble risk territory. Find out why the real estate market is buzzing with excitement. realestatemagazine.ca READ MORE ... Rising housing costs drive nearly half of Ontario graduates to consider out-of-province moves This article unveils the shocking impact of rising housing costs on Ontario graduates. Find out why nearly half of them are considering out-of-province moves. realestatemagazine.ca READ MORE ... This $18 million Toronto home looks like it belongs in Architectural Digest In 2019, 84 Old Forest Hill Rd. sold for $3.6 million — almost 10% above asking, in an "as is, where is" condition.  Four years and one h... blogto.com READ MORE ... Why is Brampton rent surging 3 times faster than every other city in Canada? Rent in Brampton shot up three times faster over the last year than the national average in Canada, according to a rental report. cp24.com READ MORE ... LACKIE: New normal in the fall real estate market How does the clich é go? That a real estate agent will never not tell you that it’s a great time to buy or sell? Survey a group of honest, experienced real estate agents at the moment and I would bet most would be saying that it’s not a great time to be buyer or a seller. Sign of the times, indeed. Coming into the fall on the heels of an absolute snoozer of a summer market, there was much anticipation. With interest rates hovering at a level not... msn.com READ MORE ... 'Oo, I’m so scared': A Canadian house responds to Ottawa’s pledge to make it affordable Dear Diary: 'I ask you, does it not cheapen the aspirational dream of home ownership when it is feasibly available to all?' nationalpost.com READ MORE ... BC realtor hit with $20,000 fine for not filing reports This is not the first time Wang has run afoul of the authorities. infotel.ca READ MORE ... This massive $12 million Toronto home is actually sitting on three properties In the entire lifespan of 139 Hudson Dr., it has only had three owners.  This is practically unheard of in this age of real estate, where homes com... blogto.com READ MORE ... Rental search in hot market causing stress for many: ‘There’s just not enough’ - National | Globalnews.ca Giacomo Ladas, communications director for Rentals.ca, says the difficulties in the current rental market across the country aren't likely to ease up soon. globalnews.ca READ MORE ... Lender can't foreclose on B.C. woman's home because mortgage was obtained through fraud A B.C. woman has won the right to stay in her home after convincing a judge that the mortgage her son took out on the property was obtained fraudulently. bc.ctvnews.ca READ MORE ... Hot rental market makes search 'stressful' for many -- and it won't get better soon The competitive rental market across the country is seeing multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there's an undersupply of purpose-built rental units and population growth is fuelling demand. ctvnews.ca READ MORE ... Why you’re probably paying more interest on your mortgage than you think For most things we buy, the price we are quoted is the price we pay. That’s supposed to be the case even where taxes and fees are involved. Australian law requires anyone selling anything to display a total price that includes all “taxes, duties and all unavoidable or pre-selected extra fees”. But our investigations, which […] canadianinquirer.net 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

🧱 21st Sept 2023 - Half of Non Homeowners in Canada losing hope of Buying Property!

★ Thursday 21st September 2023 ★ NEW vs Resale Homes - FREE Report! Unveiling GTA Real Estate: Hot Daily Scoop! "Empowering Your Real Estate Vision: Expert Reports & Curated Listings!" "Unveiling GTA Real Estate: Hot Daily Scoop" is your daily unveiling of the most sizzling developments and crucial insights in the Greater Toronto Area real estate market. Each day, we provide you with an exclusive scoop on the latest trends, news, and market updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or industry enthusiast, our carefully curated content covers a wide spectrum of topics, including market shifts, investment opportunities, new listings, and expert analysis. Stay ahead of the curve and make informed decisions with "Unveiling GTA Real Estate: Hot Daily Scoop" as your trusted resource in the dynamic GTA real estate landscape. How does the pricing of new homes compare to resale homes in the Toronto real estate market? The pricing of new homes compared to resale homes in the Toronto real estate market can vary depending on several factors, including location, size, age, and market conditions. Here are some general considerations: New Homes: Initial Cost: New homes often come with a higher initial purchase price compared to resale homes. This is because they are brand new, built with modern materials, and often include the latest design features and technologies. Customization: New homebuyers may have the opportunity to customize certain aspects of the property, such as finishes, fixtures, and layout, according to their preferences. This customization can come at an additional cost. Energy Efficiency: New homes are typically built to modern energy efficiency standards, which can result in lower utility bills over time. This can be a long-term cost-saving benefit. Warranty: New homes often come with warranties from the builder, providing peace of mind regarding potential structural defects and major systems for a specified period. Lower Maintenance: New homes require less immediate maintenance and repair compared to older resale homes. Many components are under warranty, and systems are up to date. Resale Homes: Potential for Bargains: Resale homes, especially those in need of renovations or located in less competitive neighborhoods, may offer opportunities for buyers to purchase at a lower price compared to new homes. Established Neighborhoods: Resale homes are often found in established neighborhoods with mature trees, infrastructure, and established amenities. Buyers may value the character and charm of these areas. Predictable Costs: With a resale home, you have a history of property taxes, utility costs, and maintenance expenses, which can help you predict ongoing costs more accurately. Negotiation Room: There may be more room for negotiation when buying a resale home, especially if it has been on the market for a while. Buyers can potentially secure a better deal. Known Quality: In a resale home, you can assess the quality of construction and any renovations firsthand, as opposed to relying on plans and promises. Faster Occupancy: Resale homes typically have a quicker occupancy timeline compared to new construction, which can be appealing for buyers who want to move in sooner. In summary, the pricing of new homes is often higher due to their modern features, customization options, and energy efficiency. Resale homes, on the other hand, may offer potential bargains, established neighborhoods, and a quicker move-in timeline. The choice between a new home and a resale home ultimately depends on your budget, preferences, and priorities. Working with a knowledgeable local real estate agent can help you navigate the Toronto real estate market and make an informed decision based on your specific needs and goals. Half of non-homeowners in Canada losing hope of buying property: MPC survey - Mortgage Rates & Mortgage Broker News in Canada Nearly half of non-homeowners in Canada think they'll never be able to purchase a home, according to new survey results from Mortgage Professionals Canada (MPC). canadianmortgagetrends.com READ MORE ... Canada home prices rose for sixth consecutive month in August: index - BNN Bloomberg Housing prices across Canada rose in August, marking their sixth consecutive monthly rise, according to new data from the Teranet-National Bank House Price Index. bnnbloomberg.ca READ MORE ... Windsor housing starts down this year over last   The Canada Mortgage and Housing Corporation Canada Mortgage says the annual pace of housing starts in Canada edged down one per cent in August compared with July. iheartradio.ca READ MORE ... Young people pessimistic about chances of owning a home: poll More college and university grads are finding their homeownership dreams further out of reach than in years past. northernontario.ctvnews.ca READ MORE ... Signalling a pause when mortgage rates are over 6% won't do anything: Real Estate Expert John Pasalis, president and broker,at Realosophy Realty, joins BNN Bloomberg to talk about the Canadian housing market, why a pause on rates at this point won't move the needle and what immigration means for the rental market. bnnbloomberg.ca READ MORE ... 5 homes priced at under $900,000 in Mississauga | insauga While the average price for a single family home is well over $1 million in Mississauga, there are some cheaper homes on the market. insauga.com READ MORE ... Why experts say predictability is returning to Ontario’s real estate market | Globalnews.ca It was a pretty slow summer for real estate sales in many Ontario markets, was this a harbinger of things to come as we now enter one of the busier periods of the year? globalnews.ca READ MORE ... Investor Influence in Canadian Housing Market Surges to 30% in 2023 Investors are increasingly shaping Canada's housing market, with their influence growing steadily, according to recent data from the Bank of thedeepdive.ca READ MORE ... Condo of the Week: $1.5 million for a Riverside loft in an old factory with a view of the skyline This 1,300-square-foot unit also comes with wood slat ceilings, exposed brick, polished concrete floors and sleek sliding doors torontolife.com READ MORE ... Everyone is talking smack about the shoddy quality of Toronto's new condos Condo construction feels never-ending in Toronto, where developers continue to jam shiny skyscrapers into new parts of the downtown core, whether i... blogto.com READ MORE ... How to Maximize Your Rental Income | SmartMove Learn more about these five ways you can increase your rental profit margins as a landlord. Read now mysmartmove.com READ MORE ... Implied Warranty of Habitability | MySmartMove Learn about the Implied Warranty of Habitability and your responsibilities as a landlord. mysmartmove.com READ MORE ... Real estate prices since 2013 in Brampton and Mississauga as well as Caledon The increase in real estate prices throughout the Greater Toronto Area (GTA) is nothing new. But how much have prices in Peel Region grown over the past 10 years? caledonenterprise.com READ MORE ... Hamilton housing market to ‘keep moving a little more sluggishly’ this fall A new Re/Max Canada report has forecasted that the averaged sale price of a home in Hamilton will drop another two per cent by the end of the year. thespec.com READ MORE ... Changing the Game: Challenging widely held beliefs in real estate Discover the shocking truths that challenge everything you know about real estate. Prepare to question your beliefs and be amazed. realestatemagazine.ca READ MORE ... Ontario post-secondary graduates delaying homeownership due to student debt, OREA report finds A large number of young adults are delaying homeownership in the province, citing student debt as the “primary reason” for postponing this milestone, a new poll by the Ontario Real Estate Association (OREA) suggests. toronto.ctvnews.ca READ MORE ... Recession expected to drive home prices down another 10%: Oxford - Mortgage Rates & Mortgage Broker News in Canada In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year. canadianmortgagetrends.com READ MORE ... Variable rate mortgage holders on the hook for thousands in interest: report - BNN Bloomberg As interest rates climb, variable-rate mortgage holders are paying thousands of dollars in added interest compared to people with fixed rates. bnnbloomberg.ca READ MORE ... Housing affordability crisis deepens as mortgage rates hit multi-decade highs By Investing.com Housing affordability crisis deepens as mortgage rates hit multi-decade highs ca.investing.com READ MORE ... 19% decline in B.C. housing due to short-term rental shift: study | Globalnews.ca It is estimated that B.C. tenants bore an extra $2 billion in rent costs between 2016 and 2021 due to the vast expansion of short-term rentals. globalnews.ca READ MORE ... Amid rising rent prices, these are the apartments currently on the market As average rent prices in Canada hit record highs, experts say it's going to take more than just interest rate hikes to cool the red-hot market, including a crucial boost in supply. ctvnews.ca READ MORE ... Airbnb says it's cracking down on fake listings and has removed 59,000 of them this year Fake listings have emerged as a major problem for Airbnb, threatening to scare off consumers and prompting the short-term rental service to use AI in an effort to crack down on fraudsters. westernwheel.ca READ MORE ... Here’s how Toronto real estate prices have progressed since 2013 The average sale price for all dwelling types combined in Canada’s biggest city in August was $1,005,945. bramptonguardian.com READ MORE ... Cottage of the Week: $1.6 million for a 113-year-old Prince Edward County farmhouse that tripled its price in two years This 2,300-square-foot property comes with its original shiplap ceilings and standalone barn as well as a 600-bottle wine cellar and five spa-worthy bathrooms torontolife.com READ MORE ... Ontario Real Estate Industry Wants Student Loan Forgiveness…For Downpayments - Better Dwelling Canadians looking for student loan relief have a new ally—Ontario’s real estate industry. The Ontario Real Estate Association (OREA), a trade organization representing 90,000 Realtors, released a new report called The ˆImpact of Student Loan Debt On Homeownership. Many students feel their loans are yet another hurdle to ownership, and the organization has a few […] betterdwelling.com READ MORE ... Builders, realtors see benefits to Saskatchewan mimicking Ottawa and cutting PST from new rental builds | CBC News Home Builders' Associations and others are beseeching the Saskatchewan government to follow suit with the federal government's recent decision to remove taxes on new builds for rental buildings to address housing affordability and availability issues. cbc.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