🤔 15th Feb 2024 - Single People Need To Save For Almost Their Entire Adult Lives To Afford A Home In Toronto!

💥 Thursday 15th February 2024 💥 Divorce And Real Estate - FREE Report! GTA Heatwave: Your Daily Real Estate Fix! "Empowering Your Home Vision: Reports & Handpicked Listings!" "GTA Heatwave: Your Daily Real Estate Fix" is your go-to source for staying informed about the latest updates and trends in the Greater Toronto Area (GTA) real estate market. Every day, we deliver curated insights, market analyses, and valuable information directly to your inbox, ensuring you stay up-to-date and well-informed. Whether you're a buyer, seller, investor, or enthusiast, our daily updates cover a wide range of topics to satisfy your need for real estate knowledge. Stay ahead of the curve and make informed decisions with "GTA Heatwave: Your Daily Real Estate Fix" as your trusted companion in navigating the dynamic GTA real estate landscape. What Happens to Real Estate Properties Purchased Before Marriage in the Event of Divorce, and How Are They Treated in Asset Division? In the event of divorce, the treatment of real estate properties purchased before marriage can vary depending on several factors, including the laws of the jurisdiction where the divorce takes place and the specific circumstances of the case. However, some general principles apply: Separate Property vs. Marital Property: Real estate properties acquired before marriage are often considered separate property, meaning they belong solely to the individual who purchased them. However, if the property's value increased during the marriage due to contributions or efforts made by both spouses, it may be subject to division as marital property. Co-Mingling of Assets: If separate property funds were used to pay the mortgage, maintenance, or improvements on the property during the marriage, it may become co-mingled with marital assets, making it subject to division in divorce proceedings. Equitable Distribution: In jurisdictions that follow equitable distribution laws, marital property, including any increase in value of separate property during the marriage, is typically divided fairly but not necessarily equally between the spouses. Factors such as the duration of the marriage, each spouse's financial contributions, and their respective needs may influence the division of real estate assets. Prenuptial or Postnuptial Agreements: If the spouses entered into a prenuptial or postnuptial agreement that addresses the treatment of real estate properties acquired before marriage, the terms of the agreement will generally dictate how the properties are divided in the event of divorce. Court Decisions: If the spouses cannot reach an agreement on the division of real estate properties acquired before marriage, a court may intervene and make a determination based on the relevant laws and the specific facts of the case. Courts will consider factors such as each spouse's financial circumstances, contributions to the property, and any agreements between the parties. It's important for individuals who own real estate properties acquired before marriage and are contemplating divorce to seek guidance from a qualified family law attorney familiar with the laws of their jurisdiction. An attorney can provide personalized advice based on the specific circumstances and help protect their interests during the divorce process. Single people need to save for almost their entire adult lives to afford a home in Toronto If you're a single person in Toronto who hopes to one day own a home, you may want to consider jumping on the "buying with friends and family&... blogto.com Read Now ... Canada's average rent price hit a new record of nearly $2,200 in January - Mortgage Rates & Mortgage Broker News in Canada The average asking rent in Canada continued to creep higher in January, reaching a new record high of nearly $2,200. canadianmortgagetrends.com Read Now ... Rent hits another record high in January as average asking price reaches $2,196 | CBC News The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis. cbc.ca Read Now ... 'It’s a hot topic': Why Windsor is now manually counting each and every housing start Data by the Canadian Mortgage and Housing Corporation (CMHC) indicates the city is falling behind its housing targets. windsor.ctvnews.ca Read Now ... Hefty mortgage payments 'killing the mood' this Valentine's Day Well, this isn't good for love on the eve of Valentine's Day. A recent survey indicates 52.1% of Canadians will be spending less on their r. kelownanow.com Read Now ... This is how long it will take to save for a starter home in Mississauga | insauga People looking to buy a starter home in Mississauga could be well into their 30s, or even 60s if they are single, before they can afford it. insauga.com Read Now ... End of the correction? Canada’s housing market is warming up - RBC Thought Leadership It may be the unusually mild weather or the modest drop in fixed mortgage rates since November—or both—but Canadian house... thoughtleadership.rbc.com Read Now ... Vancouver's short-term rental fee was bumped to $1K. Has it made a difference? The goal of the bylaw is to encourage homeowners to return their properties to the long-term rental market. vancouverisawesome.com Read Now ... Average rental price hits record-high across Canada as costs go up again in Brampton | inBrampton The spike in price was even more pronounced in Brampton with the average rate of a one-bedroom apartment jumping 16 per cent year-over-year. insauga.com Read Now ... Average one-bedroom apartment in Guelph costs $1,979 Guelph ranks 13th most expensive for monthly rental price in a list of 35 Canadian cities guelphtoday.com Read Now ... It could take decades to save for a starter house in Oakville, Burlington, Milton - inHalton | Local Online News Looking to save up to buy a home in Oakville, Burlington or Milton? Well, you better start soon. And that goes double if you’re single. A report from Point2Homes, an online real estate company, took a look at how long it would take the average couple or single person to save up for a down […] inhalton.com Read Now ... Rent prices in Toronto continue to plummet, but that could change soon | Urbanized While rental demand completely outpaced supply in Toronto throughout 2023, there may be some relief for rent prices on the horizon. dailyhive.com Read Now ... Canada’s housing market is ‘starting to turn a corner.’ Are prices rising? - National | Globalnews.ca According to the Canadian Real Estate Association, the housing market has seen an uptick in sales activity despite interest rates being at a 22-year high. globalnews.ca Read Now ... January home sales rise as markets tighten but prices still softening: CREA Home sales rose in an unseasonably warm January to mark a second month of rising activity and softening prices, the Canadian Real Estate Association said Wednesday. cp24.com Read Now ... Home Sales Rise Again in Canada as Falling Prices Attract Buyers - BNN Bloomberg Canadian home sales rose for the second month, with buyers rushing back into the market as speculation builds that prices will rise if the Bank of Canada lowers interest rates later this year. bnnbloomberg.ca Read Now ... January home sales jump 22% from year ago | Advisor.ca It’s the largest gain since 2021, Canadian Real Estate Association reports advisor.ca Read Now ... Rental demand from international students will slow this year, but won't fall: RBC RBC says a recently announced cap on new study permits won't lead to an outright decrease in demand for rental housing from international students this year. cp24.com Read Now ... Canada’s housing market is ‘starting to turn a corner.’ Are prices rising? | Daily Guardian Canada’s housing market is “starting to turn a corner,” the country’s national real estate association says. dailyguardian.ca Read Now ... Average price for Greater Toronto Area real estate hits 36-month low in January The average price for real estate in Toronto and the GTA hit a three-year low to start 2024. bramptonguardian.com Read Now ... Toronto city council approves 9.5% property tax hike | CBC News Toronto city council has approved the city's largest property tax hike in more than 25 years. In a 18 to 8 vote at a special budget meeting on Wednesday, council voted in favour of a 9.5 per cent property tax hike, a rate proposed by Toronto Mayor Olivia Chow.  cbc.ca Read Now ... Buying a Home? Here’s How Much You Can Save Compared With Last Year Folks who bought a home this month saved an “astonishing” amount compared to shoppers who bought last fall, according to a new analysis of mortgage rates. moneytalksnews.com Read Now ... Canada home sales increase again Is the market roaring back to life? mpamag.com Read Now ... Mega mansion on Toronto's Bridle Path has dropped its price by almost $2 million There are a lot of big mansions in The Bridle Path. We've written about a lot of them before. Some are ornate and French Chateau-inspired, others a... blogto.com Read Now ... Canadian Real Estate Market Is Balanced, But Spring Activity Uncertain: BMO - Better Dwelling Canadian real estate markets are seeing activity pick up, but don’t read too much into it. That was the general take from BMO, responding to CREA existing home data for January. Home sales picked up substantially, but the bank warns activity is rising from unusually low levels and winter data is volatile. In addition, the […] betterdwelling.com Read Now ... Interest rates not a barrier to Canada's housing targets, says minister Fraser outlines robust plan to boost construction mpamag.com Read Now ... Ontario making strides in housing supply, urgent action needed to address affordability crisis: OREA - REM OREA's latest report highlights progress in Ontario's housing supply efforts, but urgent action is needed to tackle the affordability crisis realestatemagazine.ca Read Now ... 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

🔁 14th Feb 2024 - How To Use Equity To Buy A Second Home!

💥 Wednesday 14th February 2024 💥 Danger! 9 Buyer Traps - FREE Report! Curated GTA Thrive: Daily Insights! "Discover, Decide, Delight: Expert Reports & Premier Listings!" "Curated GTA Thrive: Daily Insights" delivers curated insights into the Greater Toronto Area (GTA) real estate market every day. Get a comprehensive overview of market trends, expert analysis, and valuable insights directly in your inbox. Whether you're a buyer, seller, investor, or simply interested in the GTA real estate market, our daily updates cover a wide range of topics to help you thrive in this dynamic landscape. Stay informed and ahead of the curve with "Curated GTA Thrive: Daily Insights" as your trusted source for navigating the GTA real estate market. What Are the Lesser-Known Home Buying Traps That Can Catch Even Experienced Buyers Off Guard? Even experienced home buyers can fall prey to lesser-known traps in the home buying process. Some of these traps include: Overlooking Hidden Costs: Buyers may focus solely on the purchase price of the home and overlook additional costs such as closing costs, property taxes, homeowner's insurance, and maintenance expenses. Failing to budget for these expenses can lead to financial strain after the purchase. Ignoring Future Needs: Buyers may prioritize their current needs without considering their future requirements. For example, they may overlook the need for additional space for a growing family or accessibility features for aging in place. Skipping the Home Inspection: Some buyers may forego a thorough home inspection to expedite the buying process or save money. However, this can lead to costly surprises down the road, as hidden defects or structural issues may go unnoticed. Underestimating Renovation Costs: Buyers may underestimate the cost and effort required to renovate or remodel a property to meet their preferences. This can result in budget overruns and delays, impacting the overall affordability of the home. Neglecting Neighborhood Research: Buyers may focus solely on the property itself and overlook crucial factors such as neighborhood amenities, school districts, crime rates, and future development plans. Choosing the wrong neighborhood can impact quality of life and property value appreciation. Getting Emotionally Attached: Falling in love with a property can cloud judgment and lead buyers to overlook potential flaws or overpay for the home. It's essential to remain objective and evaluate the property based on its merits and market value. Not Understanding the Home Buying Process: Even experienced buyers may encounter unfamiliar aspects of the home buying process, such as financing options, legal requirements, and contract negotiations. It's crucial to seek guidance from professionals and educate oneself to avoid costly mistakes. Failing to Secure Financing Pre-Approval: Buyers may begin their home search without obtaining a pre-approval for a mortgage. This can lead to disappointment if they find their dream home but are unable to secure financing, or they may miss out on competitive offers due to lack of pre-approval. Not Considering Resale Value: Buyers may overlook the resale potential of the property, focusing solely on their immediate needs. Factors such as location, property condition, and market trends can impact the future resale value of the home. Ignoring Red Flags: Buyers may dismiss warning signs or red flags during the home buying process, such as unresolved inspection issues, a history of maintenance problems, or unfavorable market conditions. It's essential to address concerns promptly and make informed decisions. By being aware of these lesser-known traps, even experienced home buyers can navigate the buying process more effectively and avoid costly mistakes. How to use equity to buy a second home - MoneySense We look at four common ways of financing the purchase of a second property using equity built up in your current home. moneysense.ca READ MORE ... Don't count on mortgage rates falling just yet. A Fed official says interest rate cuts may only come in the summer. Atlanta Fed President Raphael Bostic told CNN he expects the US inflation rate to fall to "the lower twos" only by the end of 2024. " ca.news.yahoo.com READ MORE ... 'Unparalleled': Here are the most viewed homes on the Mississauga real estate market These are among the most viewed on the entire Canadian real estate market. mississauga.com READ MORE ... Montrealers deal with renovictions amid lowest vacancy rate on record | CityNews Montreal Patricia Higgins has been living in an apartment building in Montreal’s Pointe-aux-Trembles for almost 50 years. She’s now among those facing renovictions, told to leave so the owners can renovat3. “Uprooting from my home, uprooted from my neighbourhood, uprooted from my neighbours and friends that I’ve made here,” she said. It’s happening to her and […] montreal.citynews.ca READ MORE ... B.C. real estate sees rebound to start 2024: BCREA The B.C. real estate market is picking up, with a reported increase in sales in January 2024 compared to the same month last year. vancouver.citynews.ca READ MORE ... Kelowna realtor petitioning against province's short-term rental legislation - Kelowna News The provincial government has gone too far in its legislation banning short-term rentals within specific areas of municipalities across the province. castanet.net READ MORE ... Interest rate cuts would ease housing supply constraint, Fraser suggests - National | Globalnews.ca Sean Fraser says that based on conversations he’s had with housing developers, he thinks residential construction projects will begin to move forward once interest rates are cut. globalnews.ca READ MORE ... Proof Point: International student cap won’t immediately cut rental demand in Canada - RBC Thought Leadership The federal government’s new cap on international study permit applications will not immediately reduce rental demand from international students... thoughtleadership.rbc.com READ MORE ... Some GTA college students being paired with seniors with extra space amid housing crisis Some Canadian post-secondary institutions are looking to pair up students with seniors who have extra living space in response to rising rent prices. cp24.com READ MORE ... January buyer's market in Sarnia-area real estate won't last: realtor group Sarnia-area real estate slipped into its first buyer's market in a decade in January, but don't expect it to last. chathamdailynews.ca READ MORE ... Are Houses in St. John’s Still Cheap? The upward trajectory of home prices in St. John’s will likely persist in 2024, says a new report from RE/MAX. blog.remax.ca READ MORE ... Calgary’s January sales surge amid tight inventory, driving prices higher: CREB - REM Despite a boost in new listings, inventory remains tight, leading to continued upward pressure on prices in Calgary and the surrounding area realestatemagazine.ca READ MORE ... The government's costly plan to purchase Canadian Mortgage Bonds is deeply misguided - The Hub Canadian Mortgage Bonds are not actually federal government liabilities. And if CMBs aren’t federal debt, then the currently planned $30 billion in CMB purchases this year is a significant policy shift that is deeply misguided. thehub.ca READ MORE ... Luxury five-star hotel planned within enormous $800M Toronto skyscraper A new landmark for the Toronto skyline will bring the city a new five-star hotel and a soaring restaurant perched 63 storeys up in the sky. The new... blogto.com READ MORE ... As unruly guests disturb the peace, Muskoka Lakes considers licences for short-term rentals | CBC News As short-term rentals have become big business in cottage country, Muskoka Lakes property owners say partying and noise are a growing problem. The township wants more regulation, but some say proposed fees and limitations hurt responsible renters. cbc.ca READ MORE ... Could Canada's housing market pick up sooner than expected? Rate cuts could herald beginning of an upsurge – but are buyers already stepping off the sidelines? mpamag.com READ MORE ... How to calculate the adjusted cost base of inherited property - MoneySense What happens if you inherit a property and have no record of its value at that time? How can you determine the tax payable on its sale? moneysense.ca READ MORE ... Canadian Bond Yields Surge, Mortgage Costs To Climb Ahead of Spring Market - Better Dwelling Canadian real estate markets picked up at the end of the year, as cheaper mortgage debt appeared. Expect the opposite pressure over the next few days as Government of Canada (GoC) bond yields surge on strong inflation data. Reversing some of the ground made over the past few weeks, a sudden jump in yields is […] betterdwelling.com READ MORE ... Housing prices expected to hit 'bottom' in Toronto this spring: RBC report Canada is seeing 'early signs' of a housing market upturn and Toronto could see prices bottom out this spring, a recent report from the Royal Bank of Canada says. toronto.ctvnews.ca READ MORE ... Short-term rental owners voice concerns over Muskoka Lakes proposed bylaw The Township of Muskoka Lakes is debating new rules that govern short-term rental accommodations(STRA), addressing concerns related to rental property management and community impact in the face of a notable apprehension among some rental property owners. barrie.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 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