💰 10th Nov 2023 - Canadian Homeowners can save big with these 6 Tax Incentives!

★ Friday 10th November 2023 ★ FREE Report - Stop Paying Your Landlord's Mortgage! Unlocking Toronto's Real Estate: Daily Revelations! "Discover, Decide, Deliver: Reports & the Most Desirable Listings!" "Unlocking Toronto's Real Estate: Daily Revelations" is your daily key to unlocking the hidden secrets and gaining valuable insights into the Toronto real estate market. We provide you with daily revelations, trends, and market updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our content covers a wide range of topics, from hidden opportunities to expert analysis and emerging market trends. Join us in unlocking the potential of Toronto's real estate and stay informed with "Unlocking Toronto's Real Estate: Daily Revelations" as your trusted guide. What are some common misconceptions or myths about homeownership in Toronto, and how can I overcome them? Common misconceptions or myths about homeownership in Toronto can sometimes influence people's decisions and prevent them from making informed choices. Here are some of these myths and how to overcome them: Myth 1: Renting Is Always Cheaper Than Buying. Overcoming It: This myth can be overcome by conducting a thorough cost analysis. While renting may have lower upfront costs, long-term homeownership can often build equity and result in financial benefits. Use online rent vs. buy calculators to compare the costs and evaluate what makes the most financial sense for your situation. Myth 2: You Need a Large Down Payment. Overcoming It: While a larger down payment can be advantageous, there are mortgage programs in Canada that allow for lower down payments, such as the minimum 5% down payment required by the Canadian Mortgage and Housing Corporation (CMHC) for homes valued at $500,000 or less. It's essential to explore these options and work with a mortgage professional to determine your eligibility. Myth 3: You Need Perfect Credit to Buy a Home. Overcoming It: While good credit is important, having "perfect" credit isn't always necessary. There are mortgage options available for individuals with less-than-perfect credit, although they may come with higher interest rates. Improving your credit score before buying a home is advisable. You can work on credit repair and financial stability to enhance your mortgage eligibility. Myth 4: You Must Buy in the City Center. Overcoming It: Toronto has many neighborhoods, and homebuyers don't have to limit their search to the city center. Exploring surrounding neighborhoods or suburbs can offer more affordable options, often with excellent amenities and good transit access. Consider your lifestyle and priorities when choosing a location. Myth 5: A 20% Down Payment Is Required to Avoid Mortgage Insurance. Overcoming It: While a 20% down payment does allow you to avoid mortgage insurance (CMHC insurance), it's not the only option. You can still purchase a home with a lower down payment and pay mortgage insurance premiums. These premiums can be added to the mortgage and paid over time. Myth 6: You Need to Be Debt-Free to Buy a Home. Overcoming It: Having some level of debt doesn't necessarily disqualify you from homeownership. Lenders consider your debt-to-income ratio when evaluating your mortgage application. Reducing high-interest debt and managing your finances responsibly can improve your financial position. Myth 7: You Can't Buy a Home While Self-Employed. Overcoming It: Being self-employed can make mortgage approval more complex, but it's not impossible. Lenders may require additional documentation to verify your income. Work with a mortgage broker or lender experienced in dealing with self-employed individuals to navigate the process. Overcoming these myths often requires education, research, and financial planning. Working with experienced professionals, such as real estate agents and mortgage brokers, can also help dispel misconceptions and guide you toward homeownership in Toronto while making informed decisions. Canadian homeowners can save big with these 6 tax incentives As part of Financial Literacy Month, the Canada Revenue Agency (CRA) has shared some great tax incentives Canadian homeowners should know about. &q... blogto.com READ MORE ... 35% of homeowners are concerned about paying their mortgage, 31% concerned about their economic future: survey This Financial Literacy Month, let's take a closer look at how Canadians are feeling about their economic future and how they can take greater control of their finances. rates.ca READ MORE ... How can private and alternative lenders meet the needs of a growing market? Onus is on lenders to attract investment through shared best practices and common approach, president argues mpamag.com READ MORE ... Toronto vows to build 65,000 rent-controlled homes in bid to combat housing crisis Toronto City Council has endorsed an ambitious new affordable housing plan that will set out to build 65,000 rent-controlled homes by 2030— but still lacks billions of dollars in funding. toronto.ctvnews.ca READ MORE ... Tiny homes: A developer says micro-houses are the future for St. John’s and its housing crunch | RCI Sean Hickey of Stephenville says tiny homes can provide comfortable living at low rent ici.radio-canada.ca READ MORE ... Condo of the Week: $1.1 million for a home among the clouds at Yonge and Eglinton The 1,000-square-foot unit comes with three bathrooms, a walk-in closet, plenty of amenities and a stunning Midtown view torontolife.com READ MORE ... Deals to be had? Just 2 large Ontario markets in overbid conditions: Wahi Cambridge and Kitchener are the overbidding exceptions to the recent underbid trend across Ontario’s major markets realestatemagazine.ca READ MORE ... Cold market: Real estate prices continue to decline in Fort McMurray | CBC News Fort McMurray's housing market, once among the hottest in the province, has seen prices decline in a big way.  cbc.ca READ MORE ... Bank of Canada officials split on need for more rate hikes, deliberations show | CBC News Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further. cbc.ca READ MORE ... Ottawa sees highest number of active October real estate listings in 5 years The Ottawa Real Estate Board says the October home sales numbers show a typical lull for this time of year, but active listings are at a five-year high. ottawa.ctvnews.ca READ MORE ... Interest rates continue to take a toll on housing as sales and prices continue to soften - Mortgage Rates & Mortgage Broker News in Canada Higher interest rates are continuing to exert downward pressure on both home sales and prices, according to real estate boards in the country's largest markets. canadianmortgagetrends.com READ MORE ... 'EXQUISITE': These Toronto homes and condos are among the most viewed in Canada with prices ranging from $472,000 to nearly $10 million, according to Zoocasa Real estate brokerage Zoocasa has released their list of the most viewed homes in October, with five in Toronto making the list toronto.com READ MORE ... Bank of Canada not yet dismissing the possibility of further hikes Inflation across most developed economies has steadily eased over the last few months, the central bank says mpamag.com READ MORE ... Latest in mortgage news: Lenders cut select fixed rates by up to 30 bps - Mortgage Rates & Mortgage Broker News in Canada Mortgage providers across the country have been dropping fixed mortgage rates throughout the week in response to a sharp decline in bond yields. canadianmortgagetrends.com READ MORE ... Buyers take ‘upper hand’ in some of Canada’s most expensive housing markets - National | Globalnews.ca Canada's housing markets are slowing under the weight of higher interest rates this fall, with an RBC report arguing that's giving some buyers more choice. globalnews.ca READ MORE ... The Bank of Canada's latest rate hold wasn't unanimous, meeting minutes show - Mortgage Rates & Mortgage Broker News in Canada While the Bank of Canada's rate hold last month was a welcome reprieve for borrowers, minutes from the meeting show the decision wasn't a unanimous one. canadianmortgagetrends.com READ MORE ... Posthaste: The risk of forced home sales is rising in Canada, warns economist Increase in the number of insured mortgages being refinanced with non-bank lenders raises red flags ca.finance.yahoo.com READ MORE ... More Calgary basement suites amidst housing crisis | CityNews Calgary With rising inflation and higher mortgage payments, Calgary sees a growing demand for houses with secondary suites and walk out basements. calgary.citynews.ca READ MORE ... Toronto Real Estate Brokerage Placed Under Receivership After Fraud Allegations - Better Dwelling Two years after fraud allegations first hit, a court is finally taking control of a brokerage’s assets. An Ontario judge has placed Wynn Realty Corp under receivership as of October 25th. Realtor Courtney “Lynn” Simpson and her broker/husband Kenneth Simpson are alleged to have defrauded dozens of clients. This isn’t the Realtor’s first rodeo either—she […] betterdwelling.com READ MORE ... There's too much guesswork in renting an Airbnb. The short-term rental giant is trying to fix that Airbnb will highlight rental listings that have received top scores from guests, information that the company’s CEO says will help bring hotel-like reliability to booking a house or room on the site. cp24.com READ MORE ... Risk of forced home sales rises in Canada Economists take a closer look at mortgages refinanced with alternative lenders mpamag.com READ MORE ... Feds to allow construction of over 2,800 homes on surplus properties The measure would put the government back on track to add 29,200 units by 2029 mpamag.com READ MORE ... Here are the few places in Ontario where you can still buy a home for relatively cheap Even in the midst of elevated interest rates and an economic recession — along with the dwindling home sales numbers and market uncertainty they've... blogto.com READ MORE ... A Growing Number of GTA Homebuyers Are Choosing to Walk Away from Their Massive Deposits In the preconstruction real estate industry, a growing concern has emerged as homebuyers face difficulties closing their property transactions, leading thedeepdive.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 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

📈 9th Nov 2023 - Canada's Landlords now asking a Record-breaking Average of $2,078 per Month: Rental Report!

💥 Thursday 9th November 2023 💥 Rent-To-Own Homes Toronto Daily GTA Real Estate Unearthed: Hot Edition! "Reveal the Real Estate Potential: Reports & the Freshest Listings!" "Daily GTA Real Estate Unearthed: Hot Edition" is your daily expedition into the most remarkable and heated developments in the Greater Toronto Area real estate market. Each day, we embark on an adventure to unveil the hottest trends, market insights, and uncovered news, delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Hot Edition" covers a wide range of topics, from unearthing hidden opportunities to expert analysis and emerging market trends. Join us in the journey to unearth the potential of GTA real estate and stay informed with "Daily GTA Real Estate Unearthed: Hot Edition" as your trusted companion. What is the typical duration of a Rent-To-Own agreement in Toronto? The typical duration of a Rent-To-Own (RTO) agreement in Toronto can vary depending on the specific terms negotiated between the tenant-buyer and the property owner or investor. However, RTO agreements commonly have a duration that falls within the range of 2 to 5 years. Here's a breakdown of the factors that can influence the duration of an RTO agreement: Negotiation: The length of the RTO agreement is often a matter of negotiation between the tenant-buyer and the property owner. It can be influenced by the buyer's financial situation, credit repair goals, and the owner's investment objectives. Credit Improvement: Many tenant-buyers enter into RTO agreements with the goal of improving their credit and financial stability. The duration of the agreement may be set based on the time needed to achieve specific credit score or financial goals. Option Period: The RTO agreement includes an option period during which the tenant-buyer can choose to purchase the property. This period typically lasts throughout the duration of the agreement. Purchase Price: The purchase price of the property at the end of the RTO agreement is typically determined at the outset of the agreement. The agreed-upon price can influence the length of the RTO term. Market Conditions: Market conditions, such as property values and interest rates, can impact the decision to exercise the option to purchase. Tenant-buyers and property owners may consider these conditions when determining the duration. Compliance with the Agreement: The tenant-buyer is expected to comply with the terms of the RTO agreement, including rental payments and responsibilities for property maintenance. Meeting these obligations can affect the option to purchase at the end of the term. It's important for both parties to clearly outline the terms of the RTO agreement in a legally binding contract. This contract should include the agreed-upon duration, rental payments, purchase price, and other relevant terms. Additionally, tenant-buyers should consider working with a real estate attorney to ensure that the agreement protects their interests and adheres to local and provincial laws. As RTO agreements can be complex, it's advisable to seek legal advice and work with experienced professionals, including real estate agents and financial advisors, to navigate the process and determine the most suitable duration for your specific situation. Canada's landlords now asking a record-breaking average of $2,078 per month: rental report According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase. ctvnews.ca READ MORE ... Spotlight:Have to renew your mortgage before rates drop? So much for timing. Here are some options for faster budget relief. cambridgetoday.ca READ MORE ... How to check if that house on the market in Canada isn't infamous or haunted Web sites can offer a wealth of information on the history of a property, but you may also need to visit an old-fashioned physical archive. nationalpost.com READ MORE ... 'The Bugatti of luxury': Milton house on sale for $14.4 million the most viewed home in Canada with 11 bathrooms, glass elevator and 95-car garage, according to Zoocasa Top of the list insidehalton.com READ MORE ... Buyers take ‘upper hand’ in some of Canada’s most expensive housing markets - National | Globalnews.ca Canada's housing markets are slowing under the weight of higher interest rates this fall, with an RBC report arguing that's giving some buyers more choice. globalnews.ca READ MORE ... Posthaste: The risk of forced home sales is rising in Canada, warns economist Increase in the number of insured mortgages being refinanced with non-bank lenders raises red flags ca.finance.yahoo.com READ MORE ... Latest in mortgage news: Lenders cut select fixed rates by up to 30 bps - Mortgage Rates & Mortgage Broker News in Canada Mortgage providers across the country have been dropping fixed mortgage rates throughout the week in response to a sharp decline in bond yields. canadianmortgagetrends.com READ MORE ... How to navigate Canada’s ‘daunting’ mortgage market amid higher rates | Daily Guardian This article is part of Global News’ Home School series, which gives Canadians the basics they need to know about the housing market that they never dailyguardian.ca READ MORE ... Developer wants to build a tower above an iconic 130-year-old Toronto building An almost 130-year-old building designed by one of the most important architects in Toronto history could be transformed into the base of a new stu... blogto.com READ MORE ... Italy to seize $835m from Airbnb in tax evasion inquiry Prosecutors say the firm failed to collect a 21% tax from landlords on rental income. ca.finance.yahoo.com READ MORE ... How long buyers need to save up for a down payment in the country’s most affordable cities Most cities require under 5 years’ savings but some are closer to 8 years, depending on home prices and household incomes realestatemagazine.ca READ MORE ... Under Asking: "Buyers are calling the shots these days." Three realtors on why they sold at a discount Their properties include a detached red brick steps from U of T, a pristine semi in Greektown and a Junction Victorian with plenty of green space torontolife.com READ MORE ... Toronto Real Estate Brokerage Placed Under Receivership After Fraud Allegations - Better Dwelling Two years after fraud allegations first hit, a court is finally taking control of a brokerage’s assets. An Ontario judge has placed Wynn Realty Corp under receivership as of October 25th. Realtor Courtney “Lynn” Simpson and her broker/husband Kenneth Simpson are alleged to have defrauded dozens of clients. This isn’t the Realtor’s first rodeo either—she […] betterdwelling.com READ MORE ... Canada plans to convert public buildings into new 2,800 homes amid shortage The Canadian government on Tuesday announced plans to convert six federal properties into 2,800 new homes by March and said it was accelerating a process to identify more public buildings for home conversion as the country grapples with a housing shortage. The construction would include affordable housing and, combined with previously announced projects for the next five years, Ottawa is now on track to double the number of affordable homes built in the past 30 years, Public Services Minister Jean-Yves Duclos told a news conference. "The housing crisis that we are living now is a product of decades of under-construction," Duclos told reporters in Ottawa. ca.sports.yahoo.com READ MORE ... 'EXQUISITE': These Toronto homes and condos are among the most viewed in Canada with prices ranging from $472,000 to nearly $10 million, according to Zoocasa Real estate brokerage Zoocasa has released their list of the most viewed homes in October, with five in Toronto making the list toronto.com READ MORE ... The Move: A former Toronto renter becomes a first-time homeowner—in St. John's - Macleans.ca Hayley Shaughnessy was one of many Ontarians who recently headed east to achieve her homeownership dreams.  She hasn't looked back. macleans.ca READ MORE ... A Growing Number of GTA Homebuyers Are Choosing to Walk Away from Their Massive Deposits In the preconstruction real estate industry, a growing concern has emerged as homebuyers face difficulties closing their property transactions, leading thedeepdive.ca READ MORE ... Buyers take ‘upper hand’ in some of Canada’s most expensive housing markets - National | Globalnews.ca Canada's housing markets are slowing under the weight of higher interest rates this fall, with an RBC report arguing that's giving some buyers more choice. globalnews.ca READ MORE ... Earth-shattering court decision: Will it make buyer agents extinct? Nothing’s certain, but Canadian brokerages should be prepared to respond to an evolving market where traditional commission structures... realestatemagazine.ca READ MORE ... Will B.C.'s short-term rental crackdown really work? | CityNews Vancouver A look at B.C.'s Short-Term Rental Accommodations Act that makes it a step beyond other North American efforts. vancouver.citynews.ca READ MORE ... Cautious optimism greets P.E.I.'s new rent-to-own home program | CBC News A housing advocate is among those saying that P.E.I.'s new rent-to-own program will help Islanders, but he feels home ownership shouldn't be the only way to access housing. cbc.ca READ MORE ... The 5 best neighbourhoods in Toronto for people looking to buy their first condo The average Toronto condo will run you a pretty penny — costing $736,566 as of the third quarter of 2023 — but that sticker price is far from the o... 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 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