🔢 6th Nov 2023 - Calculate How much more your Mortgage will Cost as Interest Rates rise!

★ Monday 6th November 2023 ★ Thank-You For Visiting My Website! Toronto's Real Estate Rundown: Daily Hot Updates! "Empowering Your Real Estate Story: Reports & Sought-After Listings!" "Toronto's Real Estate Rundown: Daily Hot Updates" is your daily go-to for the latest and most crucial updates in the Toronto real estate market. Each day, we provide you with a comprehensive rundown of the hottest trends, market insights, and breaking news delivered directly to your inbox. Whether you're a prospective buyer, seller, investor, or a real estate enthusiast, our daily rundown covers a wide range of topics, from market dynamics to investment opportunities and expert analysis. Stay well-informed with the market's pulse and make informed decisions with "Toronto's Real Estate Rundown: Daily Hot Updates" as your trusted resource in navigating the dynamic Toronto real estate landscape. Can I qualify for a Rent-To-Own program if I have Bad Credit? Qualifying for a Rent-to-Own (RTO) program with bad credit can be challenging but is not impossible. Rent-to-Own programs are designed to help individuals who may not qualify for traditional mortgage financing due to credit issues or other factors. However, the specific requirements can vary between RTO programs and property owners or investors who offer them. Here are some considerations: Property Owner's Criteria: Property owners or investors who offer Rent-to-Own programs set their own eligibility criteria. Some may be more flexible with credit requirements than others. It's essential to inquire about their specific criteria and whether they are open to working with individuals who have bad credit. Credit Improvement: Some RTO programs may require tenants to take steps to improve their credit during the rental period. This could involve financial counseling, debt reduction, or other credit repair efforts. Demonstrating a commitment to improving your credit may make you a more attractive candidate. Down Payment: While Rent-to-Own programs often have lower down payment requirements than traditional mortgages, you may still need to provide a down payment or option fee. The amount required can vary, so it's important to understand the financial commitment. Rental History: A strong rental history with no recent evictions or late payments can be a positive factor in your application, especially if your credit issues are related to other financial matters. Income and Financial Stability: Demonstrating a stable source of income and financial responsibility can also be important. Property owners want to ensure that you can meet the financial obligations of the RTO agreement. Legal Advice: It's advisable to consult with a real estate attorney or financial advisor before entering into any Rent-to-Own agreement. They can help you understand the terms of the contract and protect your interests. Negotiation: In some cases, you may be able to negotiate the terms of the RTO agreement to make it more suitable for your situation. This could include a longer rental period to allow more time for credit repair or other adjustments to the contract. It's essential to carefully review the terms and conditions of any Rent-to-Own agreement and fully understand your obligations, the purchase price, and the timeline for homeownership. If you have bad credit, you may also consider working on credit repair while in the Rent-to-Own program to improve your chances of qualifying for a mortgage when the time comes to exercise your option to purchase the property. Consulting with a real estate professional or financial advisor who specializes in Rent-to-Own transactions can provide valuable guidance in this process. Calculate how much more your mortgage will cost as interest rates rise | CBC News Use this tool to compare rates and find out how much more you’ll be paying. cbc.ca READ MORE > Ontario housing starts up, but still far off needed levels for 1.5 million homes Ontario's fall economic statement shows projections for housing starts are up from what the province had expected when the spring budget was tabled, but still well short of the pace needed to build 1.5 million homes. toronto.ctvnews.ca READ MORE > GTA home prices edge higher amid fewer sales in October: TRREB report October home sales in the Greater Toronto Area were slightly lower compared to last year, but average selling price remained slightly higher, according to a TRREB report. bramptonguardian.com READ MORE > Surging prices just dealt a severe blow to housing affordability and the outlook is ‘moribund’ Housing affordability was dealt a major blow in the third quarter and a growing population could make it worse, National Bank said. Read on. financialpost.com READ MORE > Toronto home prices rise for second straight month on flat sales in October Toronto's housing market remains under pressure from higher interest rates as prices rose for the second straight month in October. Read on. financialpost.com READ MORE > Interest rates could stay higher for longer. What that means for your portfolio - National | Globalnews.ca Higher interest rates have weighed on many Canadians' portfolios so far this year. Here's how fresh expectations for the Bank of Canada's rate path might affect markets. globalnews.ca READ MORE > Posthaste: Here's how much mortgage pain is coming down the pipe for Canadians Higher interest rates could push up monthly payments by more than $1,000 in some cities ca.finance.yahoo.com READ MORE > An architect spent $16 million transforming this Toronto church into townhomes - Macleans.ca One apartment is a seven-storey tower unit with timeless artifacts and sweeping views of the city macleans.ca READ MORE > Finding the best mortgage to ride out the storm Leah Zlatkin, mortgage broker and Lowest Rates expert, talks with Financial Post’s Larysa Harapyn about what homeowners can do to find the best mortgage if they are renewing in these higher interest rate times. Ontario housing starts up, but still far off levels needed Toronto home prices rise for 2nd straight month on flat sales Surging prices just dealt a severe blow to housing affordability msn.com READ MORE > Bank of Canada voices concerns about variable rate mortgage products -Bloomberg News (Reuters) -The Bank of Canada has urged banks to reconsider offering variable rate mortgages with fixed payments, concerned about the number of borrowers faced with negative amortization of their loans. “I think that product needs a close look and I think it’ll get a close look,” Senior Deputy Governor Carolyn Rogers said in an interview with Bloomberg News on Friday. “I think you’ll see the msn.com READ MORE > This old Toronto coach house is now a swanky $3.4 million home Turns out "former funeral home" is a tough sell, despite how cool this house looks.  154 Shuter Street, also known as Rosar Coach House, ... blogto.com READ MORE > Rentals should be at centre of housing solutions, federal advocate urges - National | Globalnews.ca Speaking to Global News, Marie-Josée Houle said non-market rental housing needs to be at least 20 per cent of Canada’s total housing supply. globalnews.ca READ MORE > How P.E.I.'s newly announced rent-to-own home program will work | CBC News The P.E.I. government announced details of a new program Thursday that it hopes will make it easier for Islanders to purchase their own homes. cbc.ca READ MORE > You damaged the unit and your landlord wants you out. Now what? If a tenant agrees with the notice, they have seven days to correct the issues described in order to render it void. toronto.citynews.ca READ MORE > 'We have been bullied': B.C. short-term rental legislation sends waves through housing market A little more than two weeks have passed since the B.C. government rolled out proposed legislation to crack down on short-term rentals in B.C. in an effort to correct the ongoing housing crisis. Now the dust has begun to settle and the impacts of that proposed legislation is beginning to come to light. vancouverisland.ctvnews.ca READ MORE > New condo sales drop 47% year-to-date as would-be buyers priced out of GTA Elliot Kelly is "rent poor," stuck spending more than he wants to rent a semi-detached home in Toronto's midtown because he can't find an affordable three-bedroom condo.The father of four says his family made the move from the Ajax home they own to shorten commute times and give them more walkability in a community they love. But even if they sold their townhome worth nearly $1 million, they can't foot the bill.For many months, Kelly says all the suitable condo listings he's seen in Toronto's mi ca.news.yahoo.com READ MORE > Peel Region home prices jump 2.9 per cent to $1.08 million in October 2023 Sales were down 10.5 per cent and active listings were up 53 per cent compared to a year ago bramptonguardian.com READ MORE > Brampton home prices drop 4.1 per cent to $999,458 in October 2023 Sales were down 16.3 per cent and active listings were up 62 per cent compared to a year ago bramptonguardian.com READ MORE > How We Live: Is it ethical to stay in a short-term rental? It's hard to ignore the damaging effects of short-term rentals. Ideally, all tourist accommodations would be registered, licensed and taxed. northernnews.ca READ MORE > GTA home prices rose slightly in October as buyers wait for high borrowing costs to drop: TRREB - NOW Toronto Home prices in the GTA increased slightly in October as potential homebuyers continue to wait for high borrowing costs to drop. nowtoronto.com READ MORE > Average price of single family homes continue to fall in GTA Single family homes dipped from an average of $1.39 million to $1.37 million from August to September, while apartments and townhouses saw slight increases newmarkettoday.ca READ MORE > This semi-detached Toronto home sold for a ‘deal’ at $836K Nearby semi-detached homes that have sold for around the same price or a bit less seem to have their own quirks. thestar.com READ MORE > 58 per cent of non-homeowners pessimistic about ever being able to buy a home: poll Local realtors are calling for action to build more homes as 63 per cent of residents support more missing middle housing in Windsor-Essex, according to a recent poll. windsor.ctvnews.ca READ MORE > Sarnia-area real estate sales rebound from September's 10-year low Home sales in the Sarnia area rebounded “a little bit” in October, says the president of the Sarnia-Lambton Real Estate Board. theobserver.ca READ MORE > LACKIE: Adding value to your home can offset losses in turbulent times For those living through it, the recalibration of a real estate market can be painful. With home prices and property values in decline, GTA homeowners will almost invariably have seen the value of what is likely to their largest asset diminish from the market peak of 2022. Whether real (as in, the house was purchased around the peak and that homeowner now has a home worth less than they paid) or imagined (as in, the house was purchased long ago... msn.com READ MORE > How Digital Innovations Are Shaping the Future of Real Estate in Toronto Toronto, a bustling urban hub in Canada, boasts a dynamic real estate market that has been a cornerstone of economic growth. The city’s real estate spectrum spans from vintage homes to modern condominiums, reflecting a blend of historical charm and contemporary living. In recent years, the infusion of digital technology has begun transforming the traditional […] chiangraitimes.com READ MORE > Oshawa home prices surge 6.2 per cent to $804,047 in October 2023 Sales were down 25.5 per cent and active listings were up 69 per cent compared to a year ago durhamregion.com READ MORE > Milton home prices drop 1.7 per cent to $1.04 million in October 2023 Sales were up 16.5 per cent and active listings were up 83.6 per cent compared to a year ago insidehalton.com READ MORE > Oakville home prices plunge 10 per cent to $1.4 million in October 2023 Sales were down 18.6 per cent and active listings were up 43.4 per cent compared to a year ago insidehalton.com READ MORE > How to Assess an Offer on Your House Navigating which offer to accept when selling your house, is a process that not too many people think about. Read more here. blog.remax.ca READ MORE > Average rental prices in Canada surge to records highs in October 2023: report Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report compiled by a Canadian rental listings website. ctvnews.ca READ MORE > Experts predict lower mortgage rates next week as bond yields plunge - Mortgage Rates & Mortgage Broker News in Canada Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields. canadianmortgagetrends.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 Program + 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

📋 3rd Nov 2023 - Getting Your Home Ready to Sell: A Checklist!

★ Friday 3rd November 2023 ★ Questions Agents Hate! GTA Real Estate Ignite: Daily Highlights! "Turning Visions into Real Estate Reality: Expert Reports & Curated Listings!" "GTA Real Estate Ignite: Daily Highlights" is your daily spark of inspiration and insight in the Greater Toronto Area real estate market. Each day, we ignite your curiosity and knowledge with the latest highlights, trends, 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 "GTA Real Estate Ignite: Daily Highlights" and stay connected to the market's pulse. Can you provide examples of successful transactions or client testimonials that highlight the expertise of your real estate agents in Toronto? Below are some general information on how to find and evaluate real estate agents in Toronto and the Greater Toronto Area (GTA): Online Reviews and Testimonials: You can search for reviews and testimonials on real estate websites, social media, and search engines to find feedback from past clients. Look for agents who have a track record of positive reviews and satisfied customers. Ask for Referrals: You can ask friends, family, and colleagues for recommendations if they've worked with a real estate agent in the past. Personal referrals can be a valuable way to find a trusted agent. Real Estate Brokerages: Many successful agents work for well-known real estate brokerages in Toronto. Research brokerages in your desired area and explore the profiles of agents affiliated with those firms. Interview Multiple Agents: When you're considering working with an agent, it's a good practice to interview multiple agents to assess their expertise, knowledge of the local market, and communication style. This can help you find an agent who aligns with your needs and preferences. Check Credentials: Verify that the agent is a licensed real estate professional in Ontario. You can check their credentials with the Real Estate Council of Ontario (RECO). Experience: Look for agents with experience in the specific type of real estate transaction you're pursuing, whether it's buying, selling, investing, or dealing with power-of-sale properties. Specializations: Some agents specialize in certain types of properties or neighborhoods. Choose an agent whose specialization aligns with your goals. References: Request references from the agent to speak with past clients about their experiences. This can provide insights into the agent's track record. Transparency: A good agent should be transparent and communicative. They should be willing to explain their process, fees, and any potential challenges in your real estate transaction. Local Market Knowledge: A knowledgeable agent should have a deep understanding of the local real estate market, including recent sales, pricing trends, and neighborhood dynamics. The right agent will be a trusted partner throughout your real estate journey, whether you're buying, selling, or investing in Toronto. Getting Your Home Ready to Sell: A Checklist The list of tasks to complete can seem endless when putting your house up for sale. Get your home ready to sell with these simple steps. blog.remax.ca READ MORE ... Ontario scraps its portion of HST on purpose-built rentals | Globalnews.ca Ontario is scrapping its portion of the harmonized sales tax on eligible purpose-built rental housing in an effort to spur construction. globalnews.ca READ MORE ... Brampton woman says landlord entered her apartment without proper permission A woman renting a basement apartment in Brampton says several people have walked into her home unannounced as her landlord tries to sell the unit. But what are her rights as a tenant? cp24.com READ MORE ... High interest rates, market uncertainty continue to 'grip the new condominium sector' in the GTA, report finds The number of new condos sold in the Greater Toronto Area so far this year is at its lowest level in a decade, with just under 10,000 units purchased since the beginning of 2023, according to a new report. cp24.com READ MORE ... Canada Hides Its Vacant Home Count With Last Minute Registration Delay… Again  - Better Dwelling Canada is serious about tackling real estate speculators… just not anytime soon. Just hours before the Oct 31st vacant home filings were due, the deadline was delayed by six months. The last minute change is the second extension, and delays the vacant home count. It’s quickly becoming a trend for policymakers to publicly pass aggressive […] betterdwelling.com READ MORE ... Ontario farmland values could hit record highs even as economy slows, according to analysts | CBC News Already the highest priced in Canada, Ontario farmland could hit an average value of $30,000 an acre by the new year, according to analysts, amounting to double the value from a decade ago.  cbc.ca READ MORE ... Burlington house makes list of most expensive properties sold last month - inHalton | Local Online News A luxurious mansion in Burlington that recently sold for $ 7,800,000 is one of the five most expensive properties to change hands in Ontario in October. According to real estate website and brokerage Zoocasa, the home–originally listed for $7,999,900–was the only GTA home to sell for more than $5 million. The other homes that made […] inhalton.com READ MORE ... Calgary Real Estate Board reports 17% increase in home sales for October | Advisor.ca But inventory levels remain lower than what's traditionally available for the month advisor.ca READ MORE ... What B.C. mortgagors should know about higher interest rate renewals Thirty per cent of Canada’s more than ten million mortgages will need to be renewed by April 2025, according to a Nanos poll released by real estate firm Royal LePage. This is backed by a Royal Bank of Canada report that shows 60 per cent of mortgages will be due within the next three years. The Nanos poll shows three quarters of mortgagors coming up for renewal are concerned about monthly payment hikes — having taken out mortgages when the Bank... msn.com READ MORE ... Real estate take notice: The consumer is undefeated Everyone in real estate is equally responsible for the industry’s future, which is bright if we continue to adapt to the end user's expect... realestatemagazine.ca READ MORE ... What happens next in Canada’s housing market? The Bank of Canada's latest rate pause isn’t set to see activity pick up, chief economist says mpamag.com READ MORE ... Are Cities Responsible for Canada's Housing Crisis? For many at the federal level, it's convenient to blame cities for "gate-keeping" and "NIMBY" policies that prevent more housing from being built - is this fair? movesmartly.com READ MORE ... Toronto homes among the most expensive sold in October Three Toronto homes have been named among the five most expensive homes sold in the province in October toronto.com READ MORE ... 17 arrested in Montreal over $5-million real estate fraud scheme Arrested individuals allegedly engaged in identity theft mpamag.com READ MORE ... Bank of Canada held interest rate partly due to upcoming mortgage renewals: Macklem - National | Globalnews.ca Macklem appeared before a Senate committee following the Bank of Canada's most recent interest rate decision and monetary policy report. globalnews.ca READ MORE ... Mortgage temperature check 2023: How Canadians are responding to a “new normal” of high interest rates We looked at the RATESDOTCA mortgage quoter to see how mortgage holders are responding to a high interest rate environment. rates.ca READ MORE ... Buyers remaining on sidelines in Toronto housing market Still, real estate board president sounds optimistic note on future mpamag.com READ MORE ... Posthaste: Interest rates stoking high housing costs, fears over mortgage renewals More than 60% of homeowners say they're having trouble financially as their housing costs reach unaffordable levels, one survey says ca.finance.yahoo.com READ MORE ... Upcoming mortgage renewals part of why Bank of Canada held rate at 5%: Macklem Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is expected to have on the economy. cp24.com READ MORE ... What makes a mortgage broker valuable to their clients? Nothing helps breed innovation like adversity, CENTUM president says mpamag.com READ MORE ... Ontario shares details on plan to remove 8% tax on new purpose-built rental housing | CBC News The move was promised when the federal government first announced in September it would waive the general sales tax on new rental developments. Back then, the province said it would work closely with Ottawa to cut its portion of taxes, which equal eight per cent. cbc.ca READ MORE ... Most expensive homes sold in Mississauga come with stunning luxury features | insauga The most expensive homes sold in Mississauga last month come with luxury features such as an elevator, home theatres and a massive wine storage wall. insauga.com READ MORE ... The sale of 100+ acres of Lake Ontario could change the future of Pickering’s waterfront - Cottage Life Most prospective cottage owners are in search of a rare slice of waterfront heaven—well, how about 167 acres of it, for a cool $60 million? That’s what a listing in Pickering, Ont., promised, where 133 acres of Frenchman’s Bay—and 34 acres of the Lake Ontario section it feeds into—are up for sale. The listing has cottagelife.com READ MORE ... Canada’s housing affordability sees significant ‘deterioration,’ report says - National | Globalnews.ca The banking institution pointed to rising interest rates as part of the cause, and combined with a surge in home prices, the ability to afford a home is a difficult prospect. globalnews.ca READ MORE ... Canadians will likely have to wait until next summer for interest rate cuts: CIBC's Benjamin Tal But the Bank of Canada could cut interest rates before inflation drops to 2%. Read more on CIBC economist Benjamin Tal's predictions countyweeklynews.ca READ MORE ... Housing starts down in Peterborough despite ambitious goal to build more homes What's holding up housing construction? And what can be done? peterboroughcurrents.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 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