📈 15th Dec 2023 - Toronto Home Prices Could Rise By 6 Per Cent Next Year!

💥 Friday 15th December 2023 💥 Rent-To-Own Homes Toronto Greater Toronto Real Estate Elixir: Daily Hot Picks! "Turning Visions into Keys: Expert Reports & Curated Hot Listings!" "Greater Toronto Real Estate Elixir: Daily Hot Picks" is your daily potion for the most potent and sought-after insights in the Greater Toronto Area real estate market. Each day, we distill the hottest trends, market insights, and critical updates, delivering them directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Hot Picks" cover a wide range of topics, from brewing market dynamics to selecting investment opportunities and expert analysis. Stay revitalized and well-informed with the market's elixir through "Greater Toronto Real Estate Elixir: Daily Hot Picks" as your trusted resource for navigating the dynamic GTA real estate landscape. How is the purchase price determined in a rent-to-own arrangement? In a rent-to-own arrangement, the purchase price is typically determined through an agreement between the landlord (seller) and the tenant (buyer) at the outset of the lease. The agreed-upon purchase price is often outlined in the rent-to-own contract, and there are a few common approaches to determining this price: Fixed Purchase Price: The parties agree on a specific purchase price at the beginning of the lease term. This fixed price is often based on the current market value of the property. This approach provides clarity and stability for both parties. Appraisal-Based Purchase Price: The purchase price is determined based on the appraised value of the property at the time the tenant decides to exercise their option to purchase. This approach links the purchase price to the property's market value at a later date, potentially protecting the buyer from overpaying if property values increase. Formula-Based Purchase Price: The purchase price is determined using a predefined formula. This formula may include factors such as the current market value, a percentage increase over time, or changes in certain economic indicators. This approach provides a structured way to adjust the purchase price over the lease term. Negotiated Purchase Price: The buyer and seller negotiate the purchase price at the time the option to buy is exercised. This allows for flexibility based on market conditions, property improvements, or other factors. However, it may introduce uncertainty for the buyer. It's important to note that the rent-to-own agreement typically includes an option fee or consideration, which is a non-refundable upfront payment made by the tenant to secure the option to purchase the property at the agreed-upon price. Additionally, a portion of the monthly rent may be structured as a rent credit, contributing toward the future purchase. Buyers in rent-to-own arrangements should carefully review the terms of the agreement, including how the purchase price is determined, the rights and responsibilities of both parties, and the timeline for exercising the option to buy. Consulting with legal and real estate professionals is advisable to ensure a clear understanding of the contract terms and potential implications. Toronto home prices could rise by 6 per cent next year: Royal LePage forecast Toronto’s real estate market is expected to rebound in 2024 after the higher cost of borrowing weighed on sales over much of the past year, according to a market survey forecast by Royal LePage. cp24.com READ MORE ... Housing prices to rise 4.5 per cent in Ottawa in 2024, Royal LePage says Housing prices will increase by an average of 4.5 per cent in Ottawa by the end of 2024 as the real estate market returns closer to normal next year, according to Royal LePage. ottawa.ctvnews.ca READ MORE ... Posthaste: Get ready for the 'great adjustment' in Canada's housing market Realtors see home prices regaining pandemic peaks once Canadians accept the 'new normal' in borrowing rates ca.finance.yahoo.com READ MORE ... $275K in fines for real estate agents who allowed fraudsters to sell B.C. home that wasn't theirs Four real estate agents and an associated brokerage have agreed to pay a combined $275,000 in penalties to the BC Financial Services Authority for their roles in facilitating a fraudulent transaction. bc.ctvnews.ca READ MORE ... Windsor needs more work on zoning, advocate says in wake of housing decision | CBC News Windsor is "well within its rights" to refuse to make zoning changes that could make the city eligible for millions in federal housing cash, but experts and advocates say the move could impact the city meeting housing targets and increasing affordability.  cbc.ca READ MORE ... Sault Ste. Marie will be a home seller's market in 2024, says RE/MAX The Sault and Windsor poised for largest forecasted increase in residential sales price northernontariobusiness.com READ MORE ... This Toronto floating home is only $800K and comes with actual yard space Ahoy, there! Dream of being the captain of your own ship? Well set sail for an urban waterfront escapade that merges city life with nautical charm!... blogto.com READ MORE ... Massive fire consumes luxurious Toronto home on sale for $14 million Toronto Fire Services battled out a two-alarm residential fire in York Mills on Thursday morning, which engulfed a luxurious home — currently on th... blogto.com READ MORE ... Canadian Real Estate Sellers Rush For The Exit, Softest Month Since 2008 - Better Dwelling Canadian real estate just put an end to any doubt the bubble still has a little life in it. Canadian Real Estate Association (CREA) data shows home prices fell further in November. Soft sales and rising inventory continue to apply downward pressure on values. Owners rushing to sell at an unusual time helped drive the […] betterdwelling.com READ MORE ... What Home Buyers Need to Know about HOAs In Canada, Homeowners’ Associations (HOAs) are not as widespread as in some other countries, like the United States, but they do exist, particularly in cer blog.remax.ca READ MORE ... Depressed or anxious about finances amid inflation and rising rates? You're not alone As rent, mortgage payments, grocery bills and the cost of just about everything else rises, more and more Canadians are feeling the weight — not just on their… nationalpost.com READ MORE ... Home prices fall again as sellers start to back away Average home price in November fell 0.4% to $644,107 from October ca.finance.yahoo.com READ MORE ... Ontario sees bulk of home price drops. These markets are also seeing declines | Globalnews.ca Royal LePage is forecasting a turn to the pandemic home price peaks in 2024, but not every market is expected to see such a turnaround. globalnews.ca READ MORE ... Edmonton's condos among Canada's most affordable Edmonton has been one of Canada’s most affordable real estate markets among major cities for several years now, but a new study reveals it’s also a rock-bottom bargain for condominiums compared with more than three dozen Canadian municipalities. “The condo market has generally been very boring in Edmonton,” says Drew Carlson, realtor with Carlson Real Estate Group at Exp Realty. “In past years, when listing condos, it was hit or miss whether it... msn.com READ MORE ... Canadian housing market expected to reach a tipping point in 2024 Royal LePage sees further price increases ahead especially in second half of the year wealthprofessional.ca READ MORE ... Canadian home sales, listings, prices down in November from a month earlier: CREA TORONTO — Home sales, prices and listings fell in November from a month earlier as many potential buyers and sellers hunkered down to wait for signs of relief on interest rates, the Canadian Real Estate Association said Thursday. Sales fell 0. timescolonist.com READ MORE ... Winter Sets in For Canadian Housing Market; Sales, Prices, New Listings Drop: CREA By Zoocasa Winter Sets in For Canadian Housing Market; Sales, Prices, New Listings Drop: CREA ca.investing.com READ MORE ... Canada’s housing market expected to hit close to normal in 2024: Royal LePage - REM Slight interest rate cuts may help set national aggregate home price increase of 5.5 per cent year-over-year in Q4 of next year realestatemagazine.ca READ MORE ... Canadian Home Sellers Joining Buyers on the Sidelines Encouraging, empowering and enabling REALTORS® in support of Canadian real estate journeys. crea.ca READ MORE ... Provincewide, real estate prices continue to fall Prices for three leading real estate categories fell in November compared to October, data released Thursday by the Canadian Real Estate Association shows. It's the fourth month-over-month fall in a row. cambridgetoday.ca READ MORE ... Can a US private real estate strategy help Canadian investors now? New offering from $80 billion US real estate specialist offers exposures many Canadian investors lack wealthprofessional.ca READ MORE ... Home prices continue to fall under the weight of high interest rates, but affordability not improving - Mortgage Rates & Mortgage Broker News in Canada Both home prices and sales continued to trend downward in November as high interest rates continue to keep many prospective buyers on the sidelines. canadianmortgagetrends.com READ MORE ... Underbidding on homes hits 10-year high in Toronto and here's where buyers offer the least In stark contrast to the days when many Toronto area home sales involved fervent bidding wars, the region now sees more prospective buyers doing th... blogto.com READ MORE ... Mortgage deselection: Can your lender choose not to renew your mortgage?  - Mortgage Rates & Mortgage Broker News in Canada With an estimated three million Canadians facing a mortgage renewal over the next 15 years, many borrowers are asking a very important question: does my lender have to renew my mortgage? canadianmortgagetrends.com READ MORE ... Will Home Prices Bottom in 2024? 4 Canada Housing Market Predictions for Next Year By Zoocasa Will Home Prices Bottom in 2024? 4 Canada Housing Market Predictions for Next Year ca.investing.com READ MORE ... New rules and $300 fee coming for some landlords in Brampton | inBrampton The city will be rolling out a test run of its new residential rental licensing program next year and could result in some Brampton landlords paying $300 in fees every year. insauga.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 • 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

🛒 14th Dec 2023 - We Are Approaching A Buyers’ Markets With No Buyers! [Video]

💥 Thursday 14th December 2023 💥 Toronto GTA Power Of Sale FREE Listings! GTA Real Estate Eruption: Daily Heat! "Charting Your Course: Free Reports & the Freshest New Listings!" "GTA Real Estate Eruption: Daily Heat" is your daily dose of the most explosive and impactful updates in the Greater Toronto Area real estate market. Each day, we deliver a curated eruption of the hottest trends, market insights, and critical updates directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Heat" covers a wide range of topics, from fueling market dynamics to sparking investment opportunities and expert analysis. Stay ignited and make well-informed decisions with "GTA Real Estate Eruption: Daily Heat" as your trusted resource for navigating the dynamic GTA real estate landscape. What are the differences between buying a power-of-sale property and a traditional sale? Buying a power-of-sale property (also known as a bank sale or bank-owned property) differs from a traditional sale in several ways. Here are key differences: Seller: Traditional Sale: In a traditional sale, the property is sold by the homeowner. Power-of-Sale: In a power-of-sale, the sale is initiated by the lender (usually a bank) because the homeowner has defaulted on their mortgage payments. Negotiation Process: Traditional Sale: Negotiations typically take place directly with the homeowner or their real estate agent. Power-of-Sale: The negotiation process may involve the lender or their representative. The buyer deals with the financial institution that holds the mortgage. Condition of the Property: Traditional Sale: The property is usually occupied, and the owner is responsible for its maintenance. The condition may vary. Power-of-Sale: The property might be vacant or poorly maintained. Buyers may need to account for potential repairs or deferred maintenance. Contingencies and Conditions: Traditional Sale: Buyers can negotiate various contingencies and conditions, such as home inspections and financing. Power-of-Sale: The process may be more streamlined, and there might be fewer opportunities for contingencies. Buyers may need to accept the property in its current condition. Timeline: Traditional Sale: The timeline for closing is typically more flexible and negotiable. Power-of-Sale: There may be a more rigid timeline. The lender may want a quicker sale to recoup their investment. Financing: Traditional Sale: Buyers can use various financing options, and the sale is often contingent on the buyer securing a mortgage. Power-of-Sale: Buyers may need to demonstrate that they have pre-approved financing. Some power-of-sale properties are sold "as-is," and traditional mortgage financing might be challenging if extensive repairs are needed. Price: Traditional Sale: The price is usually negotiated between the buyer and seller. Power-of-Sale: The lender sets the price based on the outstanding mortgage amount and may not negotiate as much as in a traditional sale. Terms and Conditions: Traditional Sale: The terms and conditions of the sale are negotiated between the buyer and seller. Power-of-Sale: The terms and conditions may be dictated more by the lender. It's crucial for buyers to conduct thorough due diligence, including a home inspection, when considering a power-of-sale property. While these properties can sometimes offer opportunities for discounts, they also come with potential risks and complexities. Consulting with a real estate professional experienced in handling power-of-sale transactions can be beneficial. We are approaching a buyers’ markets with no buyers: CIBC’s Benjamin Tal Looking ahead to Canada's housing markets in 2024 and beyond, Benjamin Tal, deputy chief economist at CIBC says, housing market activity will continue to deteriorate and won’t rebound until early to mid-2025. bnnbloomberg.ca READ MORE ... Canada’s population growth outpaces available housing by 40 per cent: Q&A with Engel & Völkers - REM “Building up small towns, government incentives and shifting developer priorities could be key to addressing challenges and ensuring a balanced and sustainable housing ecosystem” realestatemagazine.ca READ MORE ... Renting in Canada – what's happening to rates? Increase comes despite slowdowns in Vancouver and Toronto mpamag.com READ MORE ... Bank of Canada Is Pushing A False Real Estate Narrative To Divert Blame: BMO - Better Dwelling Canadians briefly thought the country’s central bank was owning up to, and correcting its mistakes. That pipedream had a bucket of cold water poured on it Thursday, as Bank of Canada (BoC) deputy governor Gravelle’s speech referred to a “long standing housing supply issue.” Adopting a popular but false political narrative didn’t sit right with […] betterdwelling.com READ MORE ... Canadian Mortgage Rates Peaked, Won’t Go Back To 2019 Levels: BMO - Better Dwelling North American interest rate hikes are now largely out of the picture, and rate cuts are the new story. That was the take from BMO after the Bank of Canada (BoC) announced a hold on the 6th, with the US Federal Reserve expected to do the same on the 13th. Now the question on everyone’s […] betterdwelling.com READ MORE ... This $4M Toronto home was built by the same man who built a famous U of T building Nestled in the heart of Toronto's coveted Rosedale neighbourhood is a renovated heritage home that can totally charm the pants off you. 22 Maple Av... blogto.com READ MORE ... Average rent for Hamilton apartments and condos tops $2,000 a month One-bedroom units rented for an average of $1,846 a month in November. thespec.com READ MORE ... Burlington commits to allowing fourplexes and waiving fees on low-income housing to get more homes built in the city - inHalton | Local Online News The City of Burlington reiterated its commitment to getting more homes built in the city at a Dec. 12 council meeting by promising to move forward with its plans to allow fourplexes (homes with up to four units), waive parking minimums in two areas, waive fees on lower-income housing and developing a Community Improvement Plan […] inhalton.com READ MORE ... Rents Up 8% Annually in Canada Despite Slowdown in Vancouver and Toronto By Staff December 13th, 2023 BURLINGTON, ON   The National Rent Report charts and analyzes monthly, quarterly and annual rates and trends in the rental market on a national, provincial, and mu… burlingtongazette.ca READ MORE ... P.E.I. man sentenced to 6 months after rental, construction fraud | CBC News A Stratford, P.E.I., man has been sentenced to six months in jail for multiple cases of fraud that left several Islanders out more than $60,000. cbc.ca READ MORE ... Town announces virtual tool to help homeowners plan rental units ADUSearch now includes Collingwood as a searchable municipality, and can tell users whether their house qualifies for an accessory dwelling unit collingwoodtoday.ca READ MORE ... On the Brink: Halifax-area landlords say housing crisis is harming them too | Globalnews.ca Two landlords in the Halifax area are calling for government solutions to the housing crisis, saying they’re not equipped to absorb extra costs as the cost of living rises. globalnews.ca READ MORE ... Mortgage refinance demand jumps 19% after rates hit lowest level since July Applications for mortgages to buy homes were also higher compared with the previous week. msn.com READ MORE ... Mortgage interest payments up nearly 90% since start of BoC rate hikes: StatCan - Mortgage Rates & Mortgage Broker News in Canada Mortgage interest payments have now soared nearly 90% since the Bank of Canada started hiking interest rates in early 2022. canadianmortgagetrends.com READ MORE ... New rules will allow offers on home purchasing to be made public Daniel Steinfeld, co-founder of On The Block Realty, joins BNN Bloomberg to discuss the new open bidding rule in Ontario. bnnbloomberg.ca READ MORE ... Here's where experts predict housing prices in Ontario will drop the most in the New Year Yet another 2024 housing outlook for Ontario and Canada at large has been released, with more experts predicting that the nation's stubborn real es... blogto.com READ MORE ... Housing affordability at worst levels in 41 years, Bank of Canada index shows - National | Globalnews.ca The Bank of Canada's housing affordability index reached its worst levels in more than four decades last quarter as home prices rose alongside mortgage rates. globalnews.ca READ MORE ... Here's why cottagers may need to file a Underused Housing Tax return for 2022 While the Underused Housing Tax is aimed at non-Canadian residents, cottagers with joint ownership arrangements are getting caught in the crosshairs. cottagelife.com READ MORE ... Canadian Housing Affordability 2nd Worst In History, Recession To Follow: BMO - Better Dwelling Canadian real estate is rarely this out of reach, and it’s always followed by recession. That was the take from BMO, noting further erosion in the Bank of Canada (BoC) Housing Affordability Index (HAI) in Q3 2023. Higher rates are finally slowing down the pace at which it worsens, but it hasn’t been this bad […] betterdwelling.com READ MORE ... Mortgage refinance demand jumps 19% after rates hit lowest level since July Applications for mortgages to buy homes were also higher compared with the previous week. msn.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 • 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