👍 19th Oct 2023 - Home Resales Fall by 1.9 Per Cent across Canada, New Listings on the rise: RBC

★ Thursday 19th October 2023 ★ Danger! 9 Buyer Traps - FREE Report! Stay Ahead: GTA Real Estate Hot Trends! "Maximize Your Real Estate Potential: Reports & Exclusive New Listings!" "Stay Ahead: GTA Real Estate Hot Trends" is your daily guide to getting a jump on the latest trends and staying at the forefront of the Greater Toronto Area real estate market. Every day, we provide you with an inside track on the hottest trends, market insights, and updates, delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or real estate enthusiast, our daily updates cover a wide range of topics, from emerging market trends to investment opportunities and expert analysis. Stay ahead of the curve and make informed decisions with "Stay Ahead: GTA Real Estate Hot Trends" as your trusted resource in navigating the dynamic GTA real estate landscape. What are the risks of buying a property without a professional home inspection in Toronto? Buying a property without a professional home inspection in Toronto, as in any real estate market, carries several significant risks. Home inspections are essential to identify potential issues and ensure you're making an informed investment. Here are some of the risks associated with not having a professional inspection: Hidden Defects: Without an inspection, you may miss hidden defects or structural issues that are not visible during a casual walkthrough. These defects can lead to significant repair costs down the line. Safety Hazards: There could be safety hazards present in the property, such as electrical problems, gas leaks, or structural weaknesses, that a professional inspector can identify. Unpermitted Renovations: In Toronto, unpermitted renovations or additions can be an issue. An inspector can identify these and help you address any potential legal or safety concerns. Mold or Pest Infestations: Inspectors can detect the presence of mold, pest infestations, or other environmental issues that may affect your health and the property's habitability. Foundation and Structural Problems: A critical aspect of the inspection is checking for foundation issues, which can be costly to repair. Structural problems can compromise the integrity of the property. Roof Condition: Roof issues, such as leaks or the need for a replacement, can be expensive to address. An inspection assesses the roof's condition. Plumbing and Electrical Systems: Hidden problems with plumbing and electrical systems may exist, which can lead to costly repairs if not addressed. Costly Repairs: Without an inspection, you risk discovering major repair issues after the purchase, which can result in unexpected financial burdens. Negotiating Leverage: An inspection report can provide you with leverage for negotiation. If issues are found, you can negotiate with the seller for repairs or a price reduction. Insurance Issues: Some insurance providers may require an inspection report before providing coverage. Without it, you may have difficulty obtaining homeowner's insurance. Resale Value: If you plan to sell the property in the future, the lack of an inspection can lead to difficulties and delays in the resale process if issues arise. Legal Protections: In some cases, legal protections may be limited if you didn't have an inspection and later discover issues. An inspection report can provide documentation for potential legal recourse. To mitigate these risks, it's strongly recommended to invest in a professional home inspection before purchasing a property in Toronto or any other market. Qualified home inspectors can uncover potential issues, allowing you to make an informed decision about whether to proceed with the purchase and how to address any necessary repairs or upgrades. Home resales fall by 1.9 per cent across Canada, new listings on the rise: RBC Home resales fell by 1.9 per cent across Canada in September, the third month in a row that resale rates have dropped, according to a new report by RBC. ctvnews.ca READ MORE ... B.C. regulator fines CIBC $3.4M for mortgage documentation failures Canadian Imperial Bank of Commerce (CIBC) violated the B.C. Consumer Protection Act, according to inspectors. newwestrecord.ca READ MORE ... Higher interest rates eroding business and consumer sentiment: BoC - Mortgage Rates & Mortgage Broker News in Canada Between interest rate increases of over 450 basis points (4.50%) since April 2022, and an expectation of persistently high inflation, both Canadian consumers and businesses say they are now feeling the impact. canadianmortgagetrends.com READ MORE ... What you can get in the GTA for $1M, $2M, and $3M: Huge patio and saltwater pool with waterfall | insauga For those hoping to enter the real estate market or purchase their next property, Sam McDadi Real Estate can help you find several great options that fit your price range in major cities like Toronto, Mississauga, Hamilton, Oakville and Niagara-on-the-Lake. As of October 2023, here are the kinds of homes you can get in the […] insauga.com READ MORE ... Halton police issue warning on home renovation fraud in region Halton police are sounding the alarm on a home renovation fraud scheme that has been operating in the region. chch.com READ MORE ... Well-Maintained Toronto Home on Ambleside Avenue Sells for $1.25 Million Well-Maintained Toronto Home on Ambleside Avenue Sells for $1.25 Million - Off Plan Property Exchange offplanpropertyexchange.com READ MORE ... Bond yields are going up – but what does that mean for you? Bond yields are on the rise - and that spells bad news for fixed-rate mortgage holders. rates.ca READ MORE ... Slower moving season could decelerate rents in Ontario during colder months Two rental tracking services are suggesting rent hikes on new listings across Ontario may actually slow a bit as the weather cools across Canada. y108.ca READ MORE ... Will B.C.'s short-term rental laws come up short? B.C.'s new provincial short-term rental laws will force hosts to declare their homes as primary residences, with information going to a new registry that will be accessible by Canada Revenue Agency. vancouverisawesome.com READ MORE ... Freeland announces steps toward making banking more affordable for Canadians As many Canadians face rising mortgage costs due to high interest rates, Freeland said that Canadians are entitled to flexibility and options from their banks nationalpost.com READ MORE ... Canadian government 'actively examining' options to crack down on short-term rentals: Freeland Deputy Prime Minister and Finance Minister Chrystia Freeland says the federal government is 'actively' exploring options to help provinces return short-term rentals to the long-term rental market and increase housing stock across the county. ctvnews.ca READ MORE ... Rental of the Week: $4,500 for a two-bedroom above the old Hotel Waverly and the new Silver Dollar The 775-square-foot unit comes with a wine fridge, tons of storage, great views, a doggy bath and a rooftop pool torontolife.com READ MORE ... Canadian rental market showing signs of slowing down While most major markets in Canada reported rent increases in September, a potential sign of a slowdown is emerging, particularly in... realestatemagazine.ca READ MORE ... 'Government overreach': Short-term rental owners criticize proposed regulations Short-term rental owners say the proposed legislation will have unintended consequences on British Columbians, threatening legal action. cheknews.ca READ MORE ... Only 17% of short-term rentals in this B.C. city appear to be licensed The City of Richmond issued more than 400 short-term rental fines as of August biv.com READ MORE ... OPINION: Guaranteed income would boost housing and rental market Government intervention will likely be needed to make renting affordable for most Canadians thepeterboroughexaminer.com READ MORE ... Rental costs rise in Saskatchewan, still among the most affordable in the country: Report For a two-bedroom rental in Regina, the median rental price is $1,350. While there is no month-over-month increase, year over year is up 18.4 per cent according to the report. msn.com READ MORE ... Homeowners on the brink face tough choice of selling home as mortgage payments climb As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford. ctvnews.ca READ MORE ... Canadian Rate Hikes Unlikely As Inflation & The Economy Slows - Better Dwelling The Canadian economy is slowing and that’s helping to moderate price growth. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) decelerated in September 2023. Inflation remains elevated but it’s still slowing down. That’s good news for those fearing rate hikes, but slowing demand and fading economic growth is still far from good […] betterdwelling.com READ MORE ... Real estate sector likely relieved after OSFI response on mortgage proposals: expert TORONTO — The real estate industry is likely breathing a sigh of relief after Canada's banking regulator signalled it might not move ahead with some proposed tightening of its mortgage lending rules, says one mortgage expert. bradfordtoday.ca READ MORE ... Mortgage Professionals Canada offers advice to ease anxieties The association aims to calm prospective homeowners stressed by market realities. strategyonline.ca READ MORE ... Homebuilder sentiment drops to 10-month low, as mortgage rates soar Builder sentiment for single-family homes dropped to the lowest level since January, as mortgage rates soar. msn.com READ MORE ... CIBC's Tal: "We are very, very close to the end of monetary tightening" - Mortgage Rates & Mortgage Broker News in Canada CIBC deputy chief economist Benjamin Tal said that while we're are very close to the end of Bank of Canada rate hikes—or maybe already there—the biggest question is when the Bank will being cutting rates. canadianmortgagetrends.com READ MORE ... What Every Canadian Retiree Needs to Know About Rising Interest Rates Canadian companies like First National Financial (TSX:FN) benefit from rising interest rates. fool.ca READ MORE ... Are fourplexes an answer to the local housing crisis? These 2 mayors think so | CBC News Mayors in Kitchener and Guelph are proposing building fourplexes on single residential lots as a way to deal with the local housing crisis. One Waterloo professor says this will help, but he'd like to see municipalities stipulate at least one of the four units must be affordable. cbc.ca READ MORE ... Cambridge home prices rise as sales see dramatic decline Average single-detached house in Cambridge sold for $785,100 last month, up .6 per cent from a year ago cambridgetoday.ca READ MORE ... The Ultimate Guide To Selling Your House Fast - Chart Attack This comprehensive guide will show you the steps to take to help you sell your house faster. Keep reading for more details. chartattack.com READ MORE ... Toronto rents hit new record high as two-bedroom prices jump more than 25% Toronto renters just can't seem to catch a break as apartment prices keep soaring to new heights, with the latest numbers from September showing ho... 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 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

📢 18th Oct 2023 - 5 Detached Homes For Sale in Southern Ontario Under $400,000!

★ Wednesday 18th October 2023 ★ Homes Buying And Selling FREE Reports! Curated GTA Real Estate Gems: Daily Briefing! "The Bridge to Real Estate Triumph: Expert Reports & Handpicked Listings!" "Curated GTA Real Estate Gems: Daily Briefing" is your daily briefing on discovering the most valuable insights and trends in the Greater Toronto Area real estate market. Each day, we provide you with a carefully curated collection of the finest gems in the form of news, trends, and market updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our daily briefings cover a wide range of topics, from valuable market insights to expert analysis and emerging market trends. Join us in uncovering the treasures of GTA real estate and stay informed with "Curated GTA Real Estate Gems: Daily Briefing" as your trusted guide. Can the Homes Buying and Selling Reports help me understand the trends and dynamics of the Toronto real estate market? Yes, Homes Buying and Selling Reports can be valuable resources for understanding the trends and dynamics of the Toronto real estate market. These reports typically provide data, analysis, and insights that can help you make informed decisions whether you're buying or selling a home. Here's how they can help: Market Trends: These reports often include historical data on property prices, sales volumes, and market conditions, allowing you to identify trends over time. Pricing Insights: You can gain a better understanding of current property values in various neighborhoods within Toronto and how they have changed in recent months or years. Supply and Demand: Reports can highlight the balance between housing supply and demand, giving you a sense of whether it's a buyer's or seller's market in specific areas. Neighborhood-Specific Information: They offer data specific to different neighborhoods or regions within Toronto, allowing you to pinpoint areas where you may want to focus your buying or selling efforts. Market Predictions: Some reports include projections and forecasts for future market conditions, helping you anticipate changes in property values. Comparative Analysis: Reports may compare data from different neighborhoods, property types (e.g., condos, single-family homes), and price ranges to give you a comprehensive view of the market. Demographic Insights: You can gain insights into the demographics of buyers and sellers in the Toronto real estate market, which can be useful for tailoring your approach. Economic Factors: Reports often consider economic factors like interest rates, employment, and local economic conditions that can influence the real estate market. Regulatory Changes: They may also inform you about recent or upcoming regulatory changes that could impact the market, such as changes in mortgage rules or tax policies. Local Amenities and Developments: Reports may highlight local amenities, schools, transportation options, and upcoming developments in specific neighborhoods, which can influence property values. Competition Analysis: For sellers, these reports can provide information on competing properties in your area, helping you set competitive listing prices. Market Challenges and Opportunities: Reports may identify challenges and opportunities in the market, such as areas with high potential for appreciation or neighborhoods with excess inventory. To access these reports, you can consult with a local real estate agent, visit real estate websites and brokerage firms, or request reports from real estate data providers. These reports can be invaluable for both buyers and sellers in the Toronto real estate market, helping you stay informed and make data-driven decisions. 5 Detached Homes for Sale in Southern Ontario Under $400,000 In today’s housing market, discovering homes for sale in Southern Ontario priced below $400,000 is like unearthing hidden gems. blog.remax.ca READ MORE ... Toronto rents hit new record high as two-bedroom prices jump more than 25% Toronto renters just can't seem to catch a break as apartment prices keep soaring to new heights, with the latest numbers from September showing ho... blogto.com READ MORE ... Home affordability still declining despite softening home prices: report The income required to purchase a home is on the rise across most markets mpamag.com READ MORE ... Here are the parts of Toronto where you can find home prices less than the city average Toronto's notoriously expensive and competitive housing market is currently cooling off as prospective buyers anxiously await the next Bank of Cana... blogto.com READ MORE ... More homes should be the solution to Canada's housing shortage, but some argue the opposite Don't be swayed by supply skeptics ca.finance.yahoo.com READ MORE ... By The Numbers: An influx of Sellers Ease Housing Prices in Canada New listings increased sequentially in all major markets in September. rbcroyalbank.com READ MORE ... 5 European castles you can buy for the same price as a home in Toronto | Urbanized Somehow, the average price for a home in Toronto — $1,119,428 as of September 2023 — is as much as many bonafide castles in Europe. dailyhive.com READ MORE ... Cambridge home prices rise as sales see dramatic decline Average single-detached house in Cambridge sold for $785,100 last month, up .6 per cent from a year ago cambridgetoday.ca READ MORE ... Canadian Real Estate Expectations Cool Despite Population Growth: BoC - Better Dwelling Canadians were planning a flurry of real estate activity just a few months ago, but risk happens fast. The Bank of Canada (BoC) Survey of Consumer Expectations show households have planned less housing activity in Q3 2023. Despite a booming population, fewer people plan to buy or sell a home—or even move.  Fewer Canadians Are […] betterdwelling.com READ MORE ... Niagara home prices fall slightly year-over-year Overall average sales price dropped 1.65 percent compared to September 2022 pelhamtoday.ca READ MORE ... House Hunting? Here’s How to Choose the Right Neighborhood Learn how to read a neighborhood before you even consider making an offer on a house. moneytalksnews.com READ MORE ... Are sellers and new listings finally returning to Canada's housing market? A significant trend has been noted of late mpamag.com READ MORE ... B.C. cracking down on short-term rentals with increased fines, new enforcement | Globalnews.ca "Anyone who's looking for an affordable place to live knows how hard it is, and short-term rentals are making it even more challenging," Premier David Eby said, globalnews.ca READ MORE ... Posthaste: Cooling housing market could spur Bank of Canada to cut rates sooner, says economist Bank of Canada could cut interest rates quicker than expected as higher borrowing costs chill housing market, says economist. Read more thewhig.com READ MORE ... B.C. short-term rental rules proposed | CityNews Vancouver The B.C. government introduced legislation Monday morning that aims to return rentals to the long-term rental market. vancouver.citynews.ca READ MORE ... Canadian Housing Market Cools as New Listings Surge By Investing.com Canadian Housing Market Cools as New Listings Surge ca.investing.com READ MORE ... Rents dip slightly in Niagara Falls, nudge up a little in St. Catharines | inNiagaraRegion The website Rentals.ca has released September rentals numbers and for the first time, Niagara Falls has been included on the list of the top 35 cities in Canada. Previously, only St. Catharines, the largest city in the Niagara Region, made the list but the new inclusion of Niagara Falls made it clear that the two […] insauga.com READ MORE ... Homeowners on the brink face tough choice of selling home as mortgage payments climb As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford. cp24.com READ MORE ... Higher interest rates eroding business and consumer sentiment: BoC - Mortgage Rates & Mortgage Broker News in Canada Between interest rate increases of over 450 basis points (4.50%) since April 2022, and an expectation of persistently high inflation, both Canadian consumers and businesses say they are now feeling the impact. canadianmortgagetrends.com READ MORE ... Condo of the Week: $669,000 for a Moss Park loft with a chair swing and a 17-foot window wall At 680 square feet, the unit also has polished concrete, secret storage, an east end view and a gym with a sauna torontolife.com READ MORE ... OPINION: The MLS data divide is hurting Ontario realtors "Ontario realtors need access to all the data in the province so that they can do their jobs and appear professional in the eyes... realestatemagazine.ca READ MORE ... “Seller Fatigue” Is Setting In As Toronto Tips Into Buyers’ Market Toronto realtor and chartered accountant Scott Ingram says that September coaxed a shift in the GTA’s housing market. “Different pockets and different housing types can and do experience different market strength, but to generalize, it seems very clear to me we're in a buyer's market right now,” Ing... storeys.com READ MORE ... What is the FHSA and how does it help first-time home buyers? Paid Post theglobeandmail.com READ MORE ... 8 Types of Companies That Look at Your Credit Report Federal law lets these entities peek at your credit — regardless of whether you're borrowing money. moneytalksnews.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 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