⚖️ 25th Jan 2024 - ‘I Didn’t Have That Kind Of Money’: Know Your Legal Rights On Rent Increases

💥 Thursday 25th January 2024 💥 NEW vs Resale Homes - FREE Report! Curated GTA Real Estate Blaze: Daily Revelations! "Empowering Your Choices: Comprehensive Reports & Premier Listings!" "Curated GTA Real Estate Blaze: Daily Revelations" is your daily revelation into the hottest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of revelations that illuminate the hottest 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 Revelations" cover a wide range of topics, from illuminating market dynamics to revealing investment opportunities and expert analysis. Stay enlightened and make well-informed decisions with "Curated GTA Real Estate Blaze: Daily Revelations" as your trusted resource for navigating the dynamic GTA real estate landscape. Are There Any Specific Financing Options Or Incentives Available For New Homebuyers In Toronto? There were various financing options and incentives available for new homebuyers in Toronto. However, it's crucial to note that programs and incentives can change, and new ones may have been introduced since then. Here are some general financing options and incentives that were available: First-Time Home Buyer Incentive (FTHBI): The FTHBI is a federal program that helps first-time homebuyers by providing an interest-free loan to contribute to their down payment. The loan is repayable when the property is sold. Home Buyer's Plan (HBP): The HBP is a federal program that allows first-time homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) to use towards the purchase of a home. Land Transfer Tax Rebate: Ontario offers a land transfer tax rebate for first-time homebuyers. The rebate can be applied towards the land transfer tax payable on the purchase of a home. Municipal Programs: Some municipalities in the Greater Toronto Area may offer additional incentives or rebates for first-time homebuyers. These can include programs related to down payment assistance or property tax relief. Low-Interest Mortgages: Some financial institutions and mortgage lenders may offer special mortgage products with lower interest rates or favorable terms for first-time homebuyers. Builder Incentives: Homebuilders in the region may offer incentives to attract new buyers, such as promotional pricing, upgrades, or deposit assistance. Energy-Efficient Programs: Certain energy-efficient home features may qualify for incentives or rebates. These could include energy-efficient appliances, windows, or heating systems. Ontario Home Ownership Savings Plan (OHOSP): The OHOSP is an incentive program that encourages saving for the down payment on a first home by providing a tax benefit for contributions made to a designated savings account. It's essential to check with relevant authorities, such as the Canada Mortgage and Housing Corporation (CMHC), provincial government, and municipal government, for the most up-to-date information on available programs and incentives. Additionally, consulting with a mortgage broker or financial advisor can help you explore the financing options that best suit your individual circumstances. 'I didn’t have that kind of money': Know your legal rights on rent increases When Nandini Gokhale took over a friend’s lease for a bedroom in an Ottawa home in 2020, she was happy she’d found an affordable space in the middle of the pandemic. However, any relief quickly disappeared when her landlord notified her and her new roommates of plans to increase the overall rent by $2,000 within […] toronto.citynews.ca READ MORE ... What tenants in Ontario need to know about privacy rights The Residential Tenancies Act (RTA) does not always prescribe exact rules about privacy for specific situations, but often uses broad terms covering general scenarios. toronto.citynews.ca READ MORE ... Calgary 2024 real estate forecast is for sellers | CityNews Calgary New data from the Calgary Real Estate Board (CREB) shows the local housing market is expected to remain a seller's market throughout 2024. calgary.citynews.ca READ MORE ... Calgary to remain a seller's market in 2024 as demand continues to outpace supply: CREB Calgary's housing market conditions are expected to loosen this year, but sellers will likely remain in control, according to the Calgary Real Estate Board's (CREB) annual forecast. calgary.ctvnews.ca READ MORE ... 2 Quebec realtors found guilty of submitting bogus offers Two Quebec realtors who were suspended after being accused of submitting bogus offers on homes have both been found guilty. montreal.ctvnews.ca READ MORE ... Realtor fined $28K for lending client $50K to buy Richmond property Vicky Wang committed professional misconduct by creating a conflict interest, says industry watchdog. biv.com READ MORE ... Experts say now is the time to buy a home in Regina as interest rates kept steady | Globalnews.ca Home buyer experts say now is the time to purchase a home with interest rates remaining steady. globalnews.ca READ MORE ... Options for Homes and Home Ownership Alternatives merge for more homes and communities for Canadians - REM The group is committed to exploring new partnerships with community stakeholders and government bodies to collaborate in developing and protecting attainable housing realestatemagazine.ca READ MORE ... Rent prices in Toronto are plummeting but somehow affordability isn't improving Rent prices across the Toronto area may have just dropped by the most substantial amount outside of the pandemic months, but that doesn't mean that... blogto.com READ MORE ... Here's how much you need to earn to afford a house in Toronto right now | Urbanized Here's how much you actually need to earn per year to afford a house in Toronto right now, according to new stats from Ratehub.com. dailyhive.com READ MORE ... This $2 million Toronto condo has the most incredible views While it's been gloomy in Toronto for what seems like eternity, spring is only 60 days away and that means views like the one's from Suite 906 at 1... blogto.com READ MORE ... 8 Common and Costly Homebuying Myths Think you’re ready to buy a house? Don’t fall victim to these rookie mistakes. moneytalksnews.com READ MORE ... Bank of Canada rate decision January 2024| TD Stories The central bank is holding its overnight interest rate at 5%. Here’s how that could affect mortgage rates in Canada. stories.td.com READ MORE ... How to prepare for a TD mortgage renewal this year | TD Stor If your TD mortgage is up for renewal in the next 12 months, here are a few pieces of advice to help you prepare financially. stories.td.com READ MORE ... No change on interest rate as Bank of Canada sticks to 5% | CBC News The Bank of Canada has announced its trendsetting interest rate will remain steady at five per cent, a move widely expected by economists. The central bank says it expects to turn its attention to how long interest rates will stay high rather than whether more increases are needed. cbc.ca READ MORE ... Bank of Canada says government efforts to curb housing crisis will help 'gradually' | CBC News The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but "only gradually." cbc.ca READ MORE ... Bank of Canada Drops Threats of Hikes, Shifts Discussion To Cuts - Better Dwelling Canada’s central bank held rates as widely expected, but still surprised. Bank of Canada (BoC) announced they’ll continue to hold the overnight rate at 5.0%, along with continued quantitative tightening (QT). It was believed the central bank would be hawkish, hoping to avoid a repeat of last year that sent inflation (and rates) even higher. […] betterdwelling.com READ MORE ... What are the Ontario cottage market's prospects this year? Possibilities could be there for buyers ready to swoop, says CEO mpamag.com READ MORE ... Someone in Toronto just bought a huge $18 million condo and it's pretty spectacular One of the most expensive condo units in Toronto history has been purchased for a whopping $18 million — and it doesn't even exist yet. An undisclo... blogto.com READ MORE ... Bank of Canada holds key interest rate at 5 per cent The Bank of Canada (BoC) has decided to hold its key interest rate at 5 per cent, with the bank rate at 5.25 per cent and the deposit rate at 5 per... blogto.com READ MORE ... 4 reasons to love this new Toronto rental building with 150-year-old roots One of downtown Toronto's newest rental apartment buildings is preparing to hit the market, and its footprint occupies an important spot in the cit... blogto.com READ MORE ... Bank of Canada expected to hold – decision day guide It is expected to tweak its messaging mpamag.com READ MORE ... Could Canada's mortgage renewal wave become a crisis? Troubled waters could be ahead – but there’s no need to panic yet mpamag.com READ MORE ... Mortgage Growth in Canada Hasn’t Been This Weak Since 2001 - BNN Bloomberg Mortgage growth in Canada is the slowest it’s been in more than two decades as higher borrowing costs and elevated prices for homes and apartments weigh on real estate activity. bnnbloomberg.ca READ MORE ... Rent prices in Toronto are plummeting but somehow affordability isn't improving Rent prices across the Toronto area may have just dropped by the most substantial amount outside of the pandemic months, but that doesn't mean that... blogto.com READ MORE ... The 5 Worst — and 5 Best — Places to Buy a Home in 2024 Coming into a new year, these are the hottest markets — and those sliding into the deep freeze. moneytalksnews.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA 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

🚨 24th Jan 2024 - Is The Toronto Real Estate Market Headed For A Crash?

💥 Wednesday 24th January 2024 💥 Buy With Low or Zero Down Payment - FREE Report! GTA Real Estate Sparks: Daily Firestarter! "Maximizing Home Potential: Reports & Exclusive Listings!" "GTA Real Estate Sparks: Daily Firestarter" is your daily ignition into the hottest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with sparks that fuel the hottest 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 Firestarter" series covers a wide range of topics, from igniting market dynamics to sparking investment opportunities and expert analysis. Stay ablaze with the market and make well-informed decisions with "GTA Real Estate Sparks: Daily Firestarter" as your trusted resource for navigating the dynamic GTA real estate landscape. What Level Of Expertise And Knowledge Can I Expect From A Mortgage Broker Compared To A Bank Representative? Both mortgage brokers and bank representatives can offer valuable services when it comes to securing a mortgage, but they operate in different ways, and the level of expertise and knowledge can vary. Here are some general points to consider: Mortgage Broker: Market Access: Mortgage brokers work with multiple lenders, including banks, credit unions, and private lenders. This allows them to provide a broader range of mortgage products and find the best fit for your needs. Variety of Options: Brokers can offer a variety of mortgage products with different terms, rates, and features. They can help you navigate through the options and find a mortgage that suits your financial goals. Negotiation Skills: Brokers often have strong negotiation skills and can negotiate on your behalf with various lenders to secure favorable terms. Personalized Advice: Brokers typically provide personalized advice based on your financial situation and goals. They can recommend mortgage solutions tailored to your needs. Specialized Knowledge: Mortgage brokers specialize in mortgages and stay updated on market trends and changes in lending regulations. They can provide insights into the mortgage landscape. Access to Special Programs: Some mortgage brokers have access to special programs or incentives offered by lenders that may not be widely advertised. Bank Representative: In-House Products: Bank representatives work for a specific financial institution and can provide information on the mortgage products offered by that particular bank. Convenience: Working with a bank can be convenient, especially if you have existing accounts or a relationship with the bank. You may also have access to bundled services. Branch Resources: Bank representatives can provide information about other financial products and services offered by the bank. They may also have insights into the bank's overall approach to customer service. Brand Loyalty: Some individuals prefer working with a bank due to brand loyalty, trust, or the convenience of having all their financial services in one place. In-House Underwriting: Banks often have in-house underwriting, which can simplify the mortgage application and approval process. Considerations: Independence vs. In-House Products: Mortgage brokers operate independently and can explore a wide range of options. Bank representatives promote their institution's products, limiting the scope. Fees: Brokers may charge fees for their services, while bank representatives typically do not charge fees directly related to mortgage services. Comparison Shopping: Mortgage brokers can help you shop around for the best deal, while a bank representative is limited to the products offered by their institution. Ultimately, the level of expertise you can expect depends on the individual professional, whether a mortgage broker or a bank representative. It's essential to interview and evaluate potential mortgage professionals based on their experience, reputation, and how well they understand your financial needs. Is the Toronto Real Estate Market Headed for a Crash? A lot of people are wondering if the Toronto real estate market is heading for a crash in 2024. hgtv.ca READ MORE ... Survey shows 87% of Canadians choose real estate investing over stocks for extra income in 2024 - REM Despite a slower 2023, 62 per cent of respondents show increased interest in Canadian real estate markets realestatemagazine.ca READ MORE ... 5 homes in Oshawa, Pickering and Ajax that just sold for less than $600,000 | inDurham While housing in the Durham Region and the GTA overall is far from cheap, some houses in Oshawa, Pickering and Ajax recently changed hands for less than $600,000–which is much less than the average home price in the region. In fact, recent data from the Central Lakes Association of Realtors (CLAR) indicates the average price […] insauga.com READ MORE ... Here is the rent increase Quebec tenants should expect in 2024 | CBC News The Tribunal administratif du logement (TAL), which is Quebec's rental board, has released its calculations for rent increases in 2024. cbc.ca READ MORE ... Home prices from last quarter rise 4.3% YoY, anticipation for market shift amid potential rate cuts: Royal LePage - REM Buyers in the wings will likely start looking this quarter before expected Bank of Canada interest rate cuts happen realestatemagazine.ca READ MORE ... Real estate landscape shifts: Benchmark home prices sharply decline while Ontario cities lead affordability wave - REM Within just five months, most Canadian markets saw a price drop of over three per cent, plus some came in under last year’s prices realestatemagazine.ca READ MORE ... Gingerbread house listing raises awareness and funds to help ease Toronto’s housing crisis - REM The team collected over $4,300 in donations for Mainstay Housing, the city’s largest non-profit housing agency realestatemagazine.ca READ MORE ... What you can get in the GTA for $1M, $2M, and $3M: Backyard resort with a pool and jacuzzi | insauga It’s a new year for Ontario real estate, and Sam McDadi Real Estate is continuing to help new homebuyers find the best options for their price range in major cities like Toronto, Mississauga, Hamilton, Oakville and Niagara-on-the-Lake. As of January 2024, here are the kinds of homes you can get in the GTA in the […] insauga.com READ MORE ... Looking for a house in Calgary? It'll continue to be a seller's market, new forecast says | CBC News It will be a seller's market in 2024, leading to further price growth, according to the annual forecast from the Calgary Real Estate Board. cbc.ca READ MORE ... Calgary home prices to rise 6.5% in a seller’s market: CREB 2024 forecast Sellers in Calgary will likely remain in the driver’s seat for 2024 despite loosening conditions in the city’s housing market, the local real estate board says. Calgary’s real estate market is struggling to keep up with demand despite hitting new highs for housing starts, according to Calgary Real Estate Board’s (CREB) annual outlook report, released Tuesday. Overall, the benchmark price is expected to rise 6.5 per cent over the next year. In... msn.com READ MORE ... Distressed Sales Increasing, Triggered by Interest Rates RE/MAX shares how higher interest rates are influencing the market and increasing the number of distressed sales in Canada. blog.remax.ca READ MORE ... Government looks at factory-built homes to increase supply - BNN Bloomberg The federal government hopes to utilize factory-built homes as one way to rapidly increase Canada’s housing supply, but experts and builders say regulatory issues stand in the way of widespread adoption. bnnbloomberg.ca READ MORE ... Surreal Estate: $4.5 million for a country manor in Caledon with a grand piano room What chalet in a forest would be complete without six bedrooms, a 1,000-square-foot terrace, a saltwater pool and 10 acres of land? torontolife.com READ MORE ... Canada Already In Recession, Hard Landing To Cool Inflation: Oxford Econ - Better Dwelling Canada’s economy isn’t just slowing down, it’s already in recession. That’s the take from prominent macro research firm Oxford Economics, whose latest research brief sees a hard landing coming. In the unlikely event a soft landing occurs, they see higher inflation and even higher interest rates.  Canada Is Already In Recession, Hard Landing Expected The […] betterdwelling.com READ MORE ... Homes sold for $1.1 million, on average, in Bradford last month Barrie and District Association of Realtors data shows that selling price is actually lower than December 2022 figures bradfordtoday.ca READ MORE ... Here's how much you actually need to earn per year to afford a house in Toronto right now Last year was a wild one for real estate in Toronto and across Canada, with steep declines in activity that somehow failed to push prices all that ... blogto.com READ MORE ... First-time buyer prospects a 'big question' for 2024 Could affordability improve in the year ahead? mpamag.com READ MORE ... Will Ontario see any home price relief this year? The province's housing market remains one of Canada’s priciest mpamag.com READ MORE ... When Will the Bank of Canada Start to Cut? This week's Canadian mortgage news and tips from mortgage broker David Larock. movesmartly.com READ MORE ... All these GTA houses sold way below their listing price The latter half of 2023 witnessed many hopeful homebuyers in the GTA taking a step back from the real market as the cost of borrowing made buying a... 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 GTA 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