📝 20th Nov 2023 - Home Buying Wants vs. Needs Checklist!

💥 Monday 20th November 2023 💥 Danger! 9 Buyer Traps - FREE Report! Your Daily GTA Real Estate Blaze! "Empowering Your Real Estate Goals: Reports & Sizzling Listings!" "Your Daily GTA Real Estate Blaze" is your daily source of the hottest updates and blazing insights in the Greater Toronto Area real estate market. Every day, we bring you a curated collection of the most fiery trends, market insights, and critical updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Blaze" covers a wide range of topics, from emerging market trends to investment opportunities and expert analysis. Stay on fire with the market and make well-informed decisions with "Your Daily GTA Real Estate Blaze" as your trusted resource for navigating the dynamic GTA real estate landscape. How can I negotiate effectively to secure the best deal on a Toronto home? Negotiating effectively is crucial when buying a home, especially in a competitive market like Toronto. Here are some tips to help you secure the best deal: Research the Market: Understand the current market conditions in Toronto. Know the average prices in the neighborhoods you're interested in and be aware of recent comparable sales. Get Pre-Approved for a Mortgage: Having a pre-approval letter shows sellers that you are a serious and qualified buyer, giving you a stronger negotiating position. Set a Realistic Budget: Know your budget and stick to it. Factor in not only the purchase price but also additional costs like closing costs, property taxes, and potential renovations. Know Your Priorities: Identify your priorities and deal-breakers. Knowing what aspects of the property are non-negotiable and where you can be flexible will guide your negotiation strategy. Work with an Experienced Realtor: A knowledgeable real estate agent with experience in the Toronto market can provide valuable insights and help you navigate negotiations. They can also provide information on the seller's motivations. Understand the Seller's Perspective: Try to understand the seller's motivations and circumstances. Are they in a rush to sell, or is the property newly listed? This information can inform your negotiation strategy. Be Prepared to Move Quickly: In a competitive market, desirable properties can receive multiple offers. Be prepared to move quickly, and consider making a strong, well-structured offer. Negotiate Beyond Price: Don't focus solely on the purchase price. Consider negotiating other terms, such as closing date, inclusions/exclusions, or repairs that need to be addressed. Be Mindful of Contingencies: Keep contingencies reasonable. While it's important to protect your interests, excessive contingencies may make your offer less appealing. Stay Calm and Patient: Negotiations can sometimes be intense, but it's essential to remain calm and patient. Avoid letting emotions guide your decisions, and be prepared for counteroffers. Use Comparable Sales: Provide evidence from recent comparable sales to support your offer. This can strengthen your position and justify the proposed purchase price. Be Flexible, but Firm: While it's crucial to be flexible in negotiations, know your limits and be firm when necessary. Don't be afraid to walk away if the terms are not favorable. Remember that successful negotiation is a collaborative process. Be respectful and professional, and aim for a win-win outcome whenever possible. Working closely with a skilled real estate agent can significantly enhance your negotiating strategy and increase your chances of securing the best deal. Home Buying Wants vs. Needs Checklist When shopping the market, you need to set out your house wants and needs. But how do you distinguish between the two? Here a home buying wants vs. needs checklist. blog.remax.ca READ MORE ... More signs Toronto's troubled housing market is moving into buyer territory Toronto's housing market has fallen from its red-hot glory, with sales numbers dropping by staggering amounts, homes sitting on the market for far ... blogto.com READ MORE ... Real estate lenders await certainty as borrowers seek cash Alternative lenders, alternative assets in favour in tight times vancouverisawesome.com READ MORE ... Interest rates are 200 bps higher than they should be due to government spending: Scotiabank - Mortgage Rates & Mortgage Broker News in Canada Canadian interest rate are about 200 basis points higher than it otherwise would be due to government spending at all levels, including billions spent on pandemic relief. canadianmortgagetrends.com READ MORE ... Canada to crack down on profit making from short-term rentals -The Toronto Star Earlier this month, The Bank of Canada said the era of super-low interest rates was likely over and warned businesses and households to plan for higher borrowing costs than they have been used to in recent years. The government has also announced plans to convert six federal properties into 2,800 new homes by March and is accelerating a process to identify more public buildings for home conversion as the country grapples with a housing shortage. Housing supply has failed to keep up with Canada's immigration-fueled population growth, and affordability worsened during the coronavirus pandemic when housing prices soared due to high demand amid low borrowing costs. ca.finance.yahoo.com READ MORE ... This Week’s Top Stories: Canadian Real Estate Softens & Gov Invests In Controversial Developer - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Slip Further As Sellers Suddenly Surge Canadian real estate markets continue to soften, with few signs of a break. The benchmark (typical) home price slipped lower in October, and is 14.6% below the March 2022 record high. Slow […] betterdwelling.com READ MORE ... The 5 best neighbourhoods in Toronto for people looking to buy their first house Owning a house in Toronto may be something reserved for a financially privileged few given the cost of real estate in the city, but in the present ... blogto.com READ MORE ... These two homeowners teamed up on backyard laneway homes: ‘More people — that’s what cities are about’ Three family-sized units now exist where eight parking spaces used to be. But the owners are clear it’s not affordable housing. stcatharinesstandard.ca READ MORE ... Luxury condo in midtown Toronto or detached, two-storey home in lakeside Keswick, Ont. Which would you choose? Condo, on the edge of upscale Forest Hill neighbourhood, a short walk to amenities? Or custom-built Georgina home with lake views on quiet street? therecord.com READ MORE ... B.C. investor sees return of $900K mortgage funds after illegal fundraising Geoffrey Rajay Sidhu misappropriated nearly $1M from an investor who took out a mortgage against their home understanding it would be invested in a company biv.com READ MORE ... Persistent inflation could lead to BoC rate cuts, says CIBC Signs of future market lethargy are becoming increasingly apparent mpamag.com READ MORE ... How severe could the upcoming mortgage renewal shock be? Nearly $1 trillion in mortgages are due for renewal by 2026 mpamag.com READ MORE ... blogTO Toronto's source for local news and culture, restaurant reviews, event listings and the best of the city. blogto.com READ MORE ... Monthly sales slow, but prices rise in Canada's housing market Homebuyers are remaining on the sidelines, says CREA mpamag.com READ MORE ... Mortgage market risks rising in high-rate environment: CMHC Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon mpamag.com READ MORE ... This $12 million Toronto home has an entirely mirrored room Finished in 1934, 52 Rosedale Rd. was first home to Roland R. McLaughlin, an assistant professor at Univeristy of Toronto, who lived there from 193... blogto.com READ MORE ... Month-over-month real estate prices fall across Ontario In the Barrie district, single-family home prices rose 2.4% since October of last year, while condo prices fell by the same amount barrietoday.com READ MORE ... It’s been ‘hard to sell’ in many housing markets across Canada. Here’s why - National | Globalnews.ca The housing market is slowing in many parts of Canada, leaving many home sellers waiting longer and longer for offers. Here's how that could affect prices in the market. globalnews.ca READ MORE ... Canadians feeling the strain as weak sales persist With new listings exceeding sales, financial stress impacts households in Canada, and selling is the best option to relieve that stress realestatemagazine.ca READ MORE ... Condo Maintenance Fees Climbing When looking for reliable alternatives for homeownership, a condominium may be a great option. Heres everything to know about Condo Maintenance Fees before you make the move. blog.remax.ca READ MORE ... Delinquencies rising for borrowers with $400k+ mortgages, CMHC report shows - Mortgage Rates & Mortgage Broker News in Canada While overall mortgage delinquency rates remain near historic lows, figures show an upward trend this year for borrowers with larger balances. canadianmortgagetrends.com READ MORE ... Are Toronto Condo Prices Going Down? | Toronto Real Estate Are Toronto condo prices going down? Take a deep dive into falling prices and find out what's happening in the Toronto real estate market. seanmayers.com READ MORE ... 'Terrifying' mortgage math could bring down Canada rates quickly: economist Economist who predicted US housing crash sounds dire warning for Bank of Canada mpamag.com READ MORE ... 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 ... 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 • Blog • Pinterest • Tumblr 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

💔 17th Nov 2023 - What happens to Mortgage when Couples Separate?

💥 Friday 17th November 2023 💥 Buy With Low Or Zero Down Payment! Hot Off the Press: GTA Real Estate Chronicles! "Uncover Your Real Estate Journey: Reports & Hot New Listings Await!" "Hot Off the Press: GTA Real Estate Chronicles" offers the latest and most essential news straight from the heart of the Greater Toronto Area real estate scene. Each edition delivers fresh updates, trends, and critical market insights, keeping you informed with the hottest developments. Whether you're a buyer, seller, investor, or an enthusiast, this newsletter compiles the most current happenings, from market shifts to expert analysis. Stay informed and ahead of the game with "Hot Off the Press: GTA Real Estate Chronicles" as your go-to resource for navigating the dynamic GTA real estate landscape. What are some strategies to save for a down payment if I don't have enough funds initially? Saving for a down payment can be a significant hurdle, but several strategies can help you accumulate the required funds over time. Here are some approaches to consider: Create a Budget: Start by evaluating your income and expenses. Create a detailed budget to track where your money goes and identify areas where you can cut back on non-essential spending. Automate Savings: Set up an automatic transfer from your checking account to a savings or dedicated down payment account. This ensures consistent contributions without the temptation to spend the money. Reduce Debt: Pay down high-interest debts such as credit cards or personal loans. Reducing debt not only improves your credit but also frees up more money to put toward your down payment. Side Hustles or Part-Time Work: Consider taking on a part-time job or side hustle to earn extra income specifically earmarked for your down payment savings. Cut Unnecessary Expenses: Review your monthly expenses and identify areas where you can cut back. This could include dining out less, reducing entertainment expenses, or finding more cost-effective alternatives. Down Payment Assistance Programs: Investigate government programs or incentives available for first-time homebuyers. These programs might offer grants, low-interest loans, or other financial assistance to help with down payment costs. Sell Unused Items: Declutter your home and sell items you no longer need. Online marketplaces or garage sales can help convert these items into cash for your down payment fund. Crowdfunding or Gift Money: Consider using platforms that allow friends or family to contribute to your down payment fund. Gift money from relatives can also be used for down payment purposes. Investment or Savings Account: Open a high-yield savings account or explore low-risk investment options that offer higher returns. However, ensure that these options don't put your down payment funds at risk. Stay Focused and Consistent: Stick to your savings plan and remain disciplined in reaching your savings goal. Set a realistic timeline and track your progress regularly. Remember, the larger the down payment, the better your mortgage terms might be. However, it's crucial to maintain a balance between saving for a down payment and ensuring you have sufficient funds for other homeownership expenses like closing costs, inspections, and potential renovations. What happens to mortgage when couples separate? Three common areas of conflict, relationship expert says mpamag.com READ MORE ... Selling strategies in a tricky market: Close the deal with these pro tips “Selling strategies have changed and sellers now have to exercise patience. Good homes in great neighbourhoods always sell. It’s just..." realestatemagazine.ca READ MORE ... Residential real estate listings up in Grey-Bruce The number of residential property listings with the Realtors Association of Grey Bruce Owen Sound was higher last month than for October in more than five years. owensoundsuntimes.com READ MORE ... Governments should get out of home-building, Poilievre says in visit to View Royal construction site The federal Conservative leader, who had started the day with a fundraising breakfast in Victoria, toured a rental-housing development near Thetis Lake Park timescolonist.com READ MORE ... Home prices could be in "another leg down," as housing weakness spreads - Mortgage Rates & Mortgage Broker News in Canada Weakness in Canada's housing markets is now spreading beyond the major markets of Vancouver and Toronto, the latest data reveal. canadianmortgagetrends.com READ MORE ... Price of a Toronto apartment rental drops year-over-year, but only slightly As the average asking price for an apartment in Canada continues to hit new highs, data suggests prices dropped in Toronto last month year-over-year, albeit only less than one per cent. toronto.ctvnews.ca READ MORE ... Canada home prices slide as homebuyers go into 'hibernation' Canada’s housing market continued to cool in October, with home prices slipping 0.8 per cent from the month before. Home sales fell 5.6 per cent from September to October, mainly because of declines in Canada’s biggest markets, said the Canadian Real Estate Association (CREA) which released the data Wednesday. CREA chair Larry Cerqua said that potential homebuyers appear to have entered a phase of “hibernation,” while sellers are postponing... msn.com READ MORE ... Canadian Real Estate Prices Slip Further As Sellers Suddenly Surge - Better Dwelling Canadian real estate markets continue to soften, with few signs of a break. Canadian Real Estate Association (CREA) data shows markets weakened further in October. The price of a typical home (composite benchmark) slipped further from peak, as sales failed to keep up with the sudden surge of sellers.  Canadian Real Estate Prices Are Moving […] betterdwelling.com READ MORE ... House of the Week: $3.5 million for a Summerhill century home built for a life of leisure This 3,300-square-foot Toronto classic comes with lounges galore, a jewel-box walk-in wine fridge, two decks and a serene backyard torontolife.com READ MORE ... Most Homeowners Feel Optimistic About Their Increasing Equity with Many Planning to Tap into it for Renovations According to TD Bank’s 2023 Home Equity Trend Watch survey, many homeowners look to renovate and some plan to sell by 2025 stories.td.com READ MORE ... Should you walk away? What Simcoe County experts are telling new home buyers New home buyers face challenging decisions as homes are built and closing dates approach simcoe.com READ MORE ... Annual pace of housing starts accelerates in October CMHC recorded a slight uptick over the prior month mpamag.com READ MORE ... PG renters paying about half the national average : My Prince George Now While the cost of owning a home seems astronomical due to higher prices and interest rates, life as a renter isn’t getting any cheaper either, however, places like Prince George […] myprincegeorgenow.com READ MORE ... Why Canadians should expect 'big increases' to mortgage rates Amid a drop in inflation, there's speculation from some financial analysts that the Bank of Canada may start to lower the country's benchmark interest rate, however one economist is warning that even with the possibility of cuts, homeowners should expect 'big increases' to mortgage rates. ctvnews.ca READ MORE ... Which regions are most affected by Canada's housing market slowdown? One province saw its lowest sales levels since the Great Financial Crisis, RBC reports mpamag.com READ MORE ... Large number of Canadian seniors choosing to age in place: CMHC CMHC's latest survey uncovers surprising results… mpamag.com READ MORE ... This $3 million Toronto home has been in the same family since the '60s The Annex is full of character filled old homes but 37 Spadina Rd. stands as a testament to history and charm.  If you take a close look at the fr... blogto.com READ MORE ... Rent prices in Toronto are actually letting up while nearby cities skyrocket Rent prices in Toronto have actually declined marginally for some unit types while the cost of renting an apartment elsewhere in Canada is surging ... blogto.com READ MORE ... Toronto townhouse listed four times in one year shows how much prices fluctuate A townhouse in Toronto that's been listed four times in the past few weeks shows just how much home prices in the city tend to fluctuate on a month... blogto.com READ MORE ... Canadian Home Sales See Downward Trend Continue in October Encouraging, empowering and enabling REALTORS® in support of Canadian real estate journeys. crea.ca READ MORE ... Canadian Real Estate Prices Slip Further As Sellers Suddenly Surge - Better Dwelling Canadian real estate markets continue to soften, with few signs of a break. Canadian Real Estate Association (CREA) data shows markets weakened further in October. The price of a typical home (composite benchmark) slipped further from peak, as sales failed to keep up with the sudden surge of sellers.  Canadian Real Estate Prices Are Moving […] betterdwelling.com READ MORE ... Home sales slow in October as many buyers have already 'gone into hibernation': CREA The number of homes sold in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being. cp24.com READ MORE ... Canada's housing market still in a slump: CREA Canada’s housing market is still in a slump, with fewer properties being listed and fewer sales being made, according to new monthly data from the Canadian Real Estate Association (CREA). ctvnews.ca READ MORE ... This Week’s Top Stories: Canadian Real Estate Supply Surges & Prices expected To Go Even Lower - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Supply Surges, Banks See Lower Prices Ahead Canada’s big banks are adjusting their home price expectations even lower, after a sudden inventory jump. For a sixth consecutive month, new listings of existing homes for sale climbed. Supplies now sit […] betterdwelling.com READ MORE ... Homeownership affordability a major concern these days Financial advisor Peter Watson examines the challenges of home ownership these days and the factors behind that toronto.com READ MORE ... Your spouse died and your name is not on the lease – here’s what you need to know according to an Ontario housing lawyer - NOW Toronto One man in Canada who is being forced out of his home after his lifelong partner died and his name was not added to the lease nowtoronto.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