📬 12th Oct 2023 - Canadian Real Estate Prices To Fall Further Than Expected Due To Yields: TD

★ Thursday 12th October 2023 ★ Buyer Mistakes: FREE Report! GTA Real Estate Express: Hot Daily Digest! "Cultivate Real Estate Excellence: Free Reports & Prime Listings!" "GTA Real Estate Express: Hot Daily Digest" is your daily shortcut to staying informed about the most pressing developments and vital insights in the Greater Toronto Area real estate market. Each day, we provide you with a condensed, yet comprehensive digest of the latest trends, news, and market updates delivered directly to your inbox. Whether you're a prospective buyer, seller, investor, or a real estate enthusiast, our digest covers a wide spectrum of topics, from market shifts and investment opportunities to expert analysis and emerging trends. Streamline your knowledge and make informed decisions with "GTA Real Estate Express: Hot Daily Digest" as your trusted resource in the dynamic GTA real estate landscape. What role does location play in making a successful real estate investment in Toronto? Location is a critical factor in making a successful real estate investment in Toronto, as it is in any real estate market. Here's how location plays a vital role: Property Value and Appreciation: Toronto is a diverse city with neighborhoods that vary significantly in terms of property values. The location of your investment property can significantly impact its appreciation potential. In general, properties in desirable neighborhoods and areas with strong growth prospects tend to appreciate more. Accessibility: Proximity to transportation, major highways, public transit, and essential amenities (like schools, shopping, healthcare, and parks) is crucial. Properties with easy access to these amenities are often more attractive to renters and buyers. Neighborhood Reputation: The reputation of a neighborhood can influence property values. Safety, cleanliness, and the general vibe of the neighborhood matter. Do your research to ensure you're investing in a location with a good reputation. Economic Growth: Toronto's economic growth is not evenly distributed throughout the city. Some areas are experiencing higher job growth and economic development than others. Investing in an area with a robust job market can increase demand for rental properties. Market Demand: Certain neighborhoods may be more popular among renters and buyers due to lifestyle preferences, schools, or proximity to employment centers. A property in high demand locations can result in better occupancy rates and potential for higher rental income. Future Development: Consider planned or ongoing developments in the area. New infrastructure, commercial developments, and public projects can drive property values up. Resale Potential: Think about the long-term resale potential of your investment. Are you in a neighborhood where properties tend to sell quickly and at competitive prices? Regulations and Zoning: Local regulations and zoning laws can affect your investment. It's crucial to understand the zoning laws in the area and any restrictions on property use or renovations. Market Conditions: Keep an eye on the overall real estate market conditions in Toronto. Housing market trends, interest rates, and supply and demand dynamics can affect your investment's success. Risk Management: Some areas are more susceptible to certain risks, such as flooding or other natural disasters. Understanding and mitigating these risks is essential. Condo vs. Single-Family: In Toronto, the condo market and the single-family home market can differ significantly. Condos are more common in the downtown core, while single-family homes dominate the suburban areas. The type of property you invest in is influenced by your location choice. Legal and Tax Considerations: Different areas may have unique property tax rates and local regulations that can impact your return on investment. To make a successful real estate investment in Toronto, it's crucial to thoroughly research the location, consult with a local real estate expert, and consider your investment goals. Assess the neighborhood's current and future potential, rental demand, and property appreciation prospects. Each neighborhood in Toronto offers a unique set of advantages and challenges, so your investment strategy should align with the specific location's characteristics and market conditions. Canadian Real Estate Prices To Fall Further Than Expected Due To Yields: TD - Better Dwelling The Canadian real estate outlook is getting dimer, at least in the near term. TD Economics made a downgrade to its forecast for home sales and prices. Interest rates have climbed higher than anticipated, and the bank warns that will slow things down even further than thought.  Canadian Bond Yields Are On A Tear, Which […] betterdwelling.com Read More ... Home listings surge and buyer demand cools in Canada's largest markets - Mortgage Rates & Mortgage Broker News in Canada Real estate listings in the country's largest metro areas continued to grow in September while buyer demand is trending downward. canadianmortgagetrends.com Read More ... PHOTOS: Private island for sale on BC Lake for $1.5M A unique real estate opportunity just hit the market on Vancouver Island for a cool $1.5 million. A private island, named “Island 7&rdquo. kelownanow.com Read More ... Saskatchewan: Strong September sales alongside lowest inventory levels since 2009 Saskatchewan experienced tight conditions and its lowest September inventory since 2009, yet maintained strong sales realestatemagazine.ca Read More ... “At that moment, we knew we were screwed”: The case of the cottage country renovation scammer When a mother and daughter hired contractor Scottie Eisemann to work on their cottages, they had no clue what they were signing up for torontolife.com Read More ... Hurdles remain for proposed class-action lawsuit alleging price-fixing in GTA real estate While the preliminary approval of certain claims is a significant step in the proposed class-action lawsuit alleging price-fixing... realestatemagazine.ca Read More ... Houses in Oakville, Burlington and Milton that just sold for less than $600k | inHalton While houses remain quite expensive in the Halton Region (and across the GTA overall), a few properties in Oakville, Burlington and Milton changed hands for under $600,000 last month. Real estate website and brokerage Zoocasa recently rounded up five properties that sold for well under the region’s average house price of $1,245,146 (all home types […] inhalton.com Read More ... Pinched homebuyers turn to adjustable-rate mortgages to make the payment math work The volume of ARM applications jumped 15% last week from the previous one. ca.finance.yahoo.com Read More ... 5 of the least expensive homes sold in Mississauga last month | insauga Here are 5 of the least expensive homes sold in September. insauga.com Read More ... Airbnb not behind Canadian residential rent increases, study says Conference Board of Canada study contradicts recent research from McGill. timescolonist.com Read More ... Homes in Burlington and Halton Hills selling for significantly less than listing price: Report | inHalton Homes in Halton are still expensive, but it appears that buyers aren’t getting quite as much as they’re hoping for when putting their houses on the market–especially in Burlington and Halton Hills.  According to a recent report by real estate website and brokerage Zoocasa, homes in Burlington are selling for more than 30 per cent […] inhalton.com Read More ... Canada Heard Two Real Estate Narratives From The BoC, But Data Only Supports One - Better Dwelling Canadian interest rates are surging higher and setting up a hurdle for prices. So last week, when a former Bank of Canada (BoC) appeared on Bloomberg, his statement on prices being too high for current rates was clear. Most, including Bloomberg, paired this with the mortgage rate burden. Clearly, interest rates need to come down, […] betterdwelling.com Read More ... Council votes to hike Toronto's vacant home tax to 3% as housing crisis grows | CBC News Toronto city council will hike the city’s vacant home tax amid a growing housing crisis, a year after the new fee was introduced. The move, backed by Mayor Olivia Chow, aims to help battle the growing housing crisis in Toronto while helping trim the city’s budget deficit. cbc.ca Read More ... This international student found affordable housing on a roommate-matching site - Macleans.ca “There are just not enough places for students to live in Barrie. I saw a house that had 16 people living in it.” macleans.ca Read More ... Fraud-Riddled Ontario Real Estate Developer Defaults On Payments To Fortress Victims Ontario-based real estate developer Sunrise Homes finds itself in a precarious situation, having defaulted on a court-ordered settlement to repay thedeepdive.ca Read More ... Rental market continues to be unaffordable despite 70 new units United Way Peterborough and District releases 18th ‘Housing is Fundamental’report thepeterboroughexaminer.com Read More ... Here's how much it costs to rent a one-bedroom apartment in Metro Vancouver this October Canada's top four most expensive cities are all located in the region. vancouverisawesome.com Read More ... When Losing a Roommate Means Losing Your Apartment | The Tyee In a hot market, sharing is survival. But a ‘legal loophole’ puts roomies at risk of big rent increases. thetyee.ca Read More ... Homeowners face choice between fixed- or variable-rate mortgage - BNN Bloomberg Deciding between a fixed- or variable-rate mortgage has always been a challenging choice for borrowers looking to buy a home or renew a loan, but with interest rates sitting at levels not seen in decades, the stakes are especially high. bnnbloomberg.ca Read More ... 90-year mortgage amortizations are a myth, but soaring payments are a reality Here's what to know about extended amortizations and why many people are facing an 'affordability disaster' ca.finance.yahoo.com Read More ... FHSA withdrawal rules and and rental property advice for a first-time home buyer - MoneySense Buying a home to rent out part of it may help cover some costs. But would it still be considered a primary residence and be subject to capital gains tax? Find out. moneysense.ca Read More ... FSRA's new measures aimed at combatting mortgage fraud The mortgage industry sheds light on FSRA’s consumer protection announcements, stating mortgage fraud prevention and supervision plans... 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

🚩 11th Oct 2023 - 16 First-Time Homebuyer Mistakes To Avoid!Property!

★ Wednesday 11th October 2023 ★ Quick Easy Fix-Ups: FREE Report! Unlocking GTA Real Estate: Daily Insider Insights! "Navigating Success: Insightful Reports & Exclusive New Listings!" "Unlocking GTA Real Estate: Daily Insider Insights" is your key to unlocking the hidden secrets and gaining valuable insights into the Greater Toronto Area real estate market every day. We provide you with exclusive insights, trends, and market updates, delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or real estate enthusiast, our daily insights cover a wide range of topics, from hidden opportunities to expert analysis and emerging market trends. Join us in unlocking the potential of GTA real estate and stay informed with "Unlocking GTA Real Estate: Daily Insider Insights" as your trusted guide. Are there any potential pitfalls or challenges to be aware of when implementing these fix-ups in the GTA market? Implementing fix-ups or renovations in the Greater Toronto Area (GTA) real estate market can be rewarding, but it's essential to be aware of potential pitfalls and challenges to make informed decisions. Here are some common pitfalls to be mindful of: Cost Overruns: Renovation costs can quickly escalate beyond your initial budget. It's essential to have a detailed plan and a contingency fund to cover unexpected expenses. Permit Issues: Some renovations require permits, and failure to obtain the necessary permits can lead to legal and financial issues. Check with your local municipality to ensure compliance with building codes. Contractor Selection: Hiring the right contractor is crucial. Be cautious of unlicensed or inexperienced contractors, as this can lead to subpar work and project delays. Timeline Delays: Renovations often take longer than anticipated. Delays can be caused by unforeseen problems, weather, or contractor scheduling issues. Plan for contingencies in your timeline. Market Trends: Be cautious when making design choices. Trends can change quickly, and what's popular now may not be in a few years. Choose timeless, functional upgrades that will appeal to future buyers. Over-Personalization: Avoid overly personalizing your renovations. While it's essential to create a space you love, extremely unique design choices may limit your pool of potential buyers when you decide to sell. Selling Challenges: In a competitive market like the GTA, it can be challenging to sell a property under renovation. Potential buyers may be hesitant to purchase a home that's not move-in ready. Budgeting for Holding Costs: While renovating, you may have to cover holding costs such as property taxes, utilities, and mortgage payments. Budget for these expenses during the renovation period. Hidden Issues: Older properties in the GTA may have hidden issues like asbestos, mold, or outdated electrical systems. Conduct thorough inspections before starting renovations to identify potential problems. Resale Value: Be cautious about over-improving your property for the neighborhood. If your renovations far exceed the value of neighboring homes, you may not recoup your investment when selling. Zoning and Bylaw Changes: Be aware of any changes in local zoning or bylaws that could affect your renovation plans. These changes can impact the feasibility of your project. Environmental Regulations: Be aware of environmental regulations, especially if your renovation involves major changes to the property. Environmental assessments and remediation can be costly and time-consuming. Perceived Value vs. Actual Value: Not all renovations provide a one-to-one return on investment. Some improvements may enhance your quality of life but not necessarily increase the resale value significantly. To navigate these challenges successfully, consider working with experienced professionals, including a real estate agent, contractor, and home inspector. Conduct thorough research and due diligence before embarking on any renovation project. Additionally, create a well-defined renovation plan and budget to help mitigate potential pitfalls and ensure a smoother process in the competitive GTA real estate market. 16 First-Time Homebuyer Mistakes To Avoid Don't let buying a home be risky business — arm yourself with this knowledge before you make an offer. moneytalksnews.com Read More ... What to know about your mortgage advisor - The Mortgage Gal I received a call from one of my favourite realtors a few weeks ago asking if I could help her clients. castanet.net Read More ... Spending 30% of your income on rent might be unattainable. What should you do? When it comes to housing, financial advisors have suggested that people stick to the 30 per cent rule for decades. Basically, it says you shouldn’t spend more than 30 per cent of your pre-tax yearly income on it. But during this time of soaring costs, is this guideline still realistic? cbc.ca Read More ... Condo of the Week: $1.4 million for a Regent Park penthouse with a skyline view up top and a rock-climbing cave down below This 1,300-square-foot home has three bedrooms, a walkthrough pantry, floor-to-ceiling windows, a funky colour palette and a jumbo terrace torontolife.com Read More ... Hoping for a recession to decrease housing prices is like wishing for a flood to water your garden Building more housing is a better way to improve housing affordability ca.finance.yahoo.com Read More ... Toronto Real Estate Prices Drop As New Listings Surge 44% Higher - Better Dwelling Greater Toronto real estate prices are once again moving lower as investors pull back. Toronto Regional Real Estate Board (TRREB) data revealed prices moved lower in September. It marked the third consecutive month for falling home prices, nearly wiping out gains made after a central bank pause. Despite a new pause, home sales are falling […] betterdwelling.com Read More ... High stakes for homeowners facing choice between fixed- or variable-rate mortgage Deciding between a fixed- or variable-rate mortgage has always been a challenging choice for borrowers looking to buy a home or renew a loan, but with interest rates sitting at levels not seen in decades, the stakes are especially high. ctvnews.ca Read More ... Skyrocketing home prices in Waterloo Region drive residents to make difficult decisions With its thriving tech industry and renowned universities, Waterloo Region has long been an attractive destination for people looking to settle down. However, in recent years, the dream of homeownership has become increasingly elusive for many. iheartradio.ca Read More ... Alleged mortgage fraud leaves people on the hook for thousands The victims of an alleged multi-million-dollar mortgage fraud are on the hook for hundreds of thousands of dollars and risk losing their homes even though criminal charges have been laid. cbc.ca Read More ... This Week’s Top Stories: Canadian Real Estate Heads Into Bear Season & Economists Warn On Job Gains - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Economists Are Skeptical of Job Strength, Discouraged Workers Jump 44% Canada’s job market continues to grow but economists warn context is important. The country added 64k jobs in September, which would have been a blowup job report pre-2020. A recent population […] betterdwelling.com Read More ... New apartment construction in Toronto and Vancouver offsets slump in housing starts in first half of 2023: CMHC New home construction increased slightly during the first half of 2023, primarily driven by a surge in apartment starts in Toronto and... realestatemagazine.ca Read More ... LACKIE: September numbers reflect grim time in Toronto real estate market September was not a good month in Toronto real estate, no matter the spin you might be privy to on social media. In fact, with home sales hitting their lowest volume for a month of September since 1996, the Toronto Regional Real Estate Board’s Market Watch, released last week, reported just 4,642 sales for the month, a full 7% year-over-year decline, and a significant fall from the 5,294 reported last month encompassing a 12% drop. Wait, wait,... msn.com Read More ... Unseen consequences of Toronto's real estate slump leaves city strapped for cash While Toronto's vacant home tax has been amassing millions for the city, other levies have been far less successful thanks to our tanking real esta... blogto.com Read More ... Cities can make affordable housing happen When a developer agrees to have some units in a building be rented at affordable rates, everyone wins, Mike Farwell writes therecord.com Read More ... The high price of parking in a housing crisis: $195,000 for a stall in Whistler The high price of parking in a housing crisis: $195,000 for a stall in Whistler It is the kind of dailyguardian.ca Read More ... This $16 million Toronto home looks like a French cottage but has hidden swanky finishes Built in the 1930's by Ernest Rowe, this sprawling period-revival home was once the first in an area that's since become a bustling suburb in Toron... blogto.com Read More ... Metro Vancouver welcomes inventory boost and price declines this fall Housing prices in Metro Vancouver declined in September, thanks to more inventory and seasonal decline, for a more balanced market realestatemagazine.ca Read More ... Brampton landlord renting out sad room where you can't eat meat or drink in the house In an effort to pay off suddenly high-interest mortgages, some landlords in and around Toronto are resorting to desperate measures to bring in as m... 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