🛑 6th Mar 2024 - Canadians Pause Homebuying Plans Amid Rising Borrowing Costs!

💥 Wednesday 6th March 2024 💥 FREE Report - Stop Paying Your Landlord's Mortgage! Toronto's Ignition: Daily Market Insights! "Transforming Your Home Journey: Reports & the Most Coveted Listings!" "Toronto's Ignition: Daily Market Insights" fuels your daily journey through the Toronto real estate market. Each day, we deliver curated insights, trends, and critical updates directly to your inbox, ensuring you stay informed about the latest developments shaping the market. Whether you're a potential buyer, seller, investor, or enthusiast, our daily insights cover a wide range of topics, from market dynamics and emerging trends to investment opportunities and expert analysis. Stay ignited and let "Toronto's Ignition: Daily Market Insights" be your trusted companion in navigating the dynamic Toronto real estate landscape. How do psychological factors, such as a sense of pride or stability, play a role in the decision to stop renting and start owning a home? Psychological factors play a significant role in the decision to transition from renting to owning a home. Here's how: Sense of Ownership: Owning a home provides a sense of pride and accomplishment. Homeownership often symbolizes achieving a significant life milestone and establishing roots in a community. The tangible ownership of property can boost self-esteem and provide a sense of belonging. Stability and Security: Homeownership offers a greater sense of stability and security compared to renting. Knowing that you have a place to call your own and that you're not subject to potential rent increases or the whims of landlords can alleviate stress and provide peace of mind. Homeownership also allows for greater control over living arrangements and the ability to personalize and invest in the property according to one's preferences and needs. Long-Term Financial Investment: Many individuals view homeownership as a long-term financial investment that can provide stability and security for themselves and their families. Building equity in a home through mortgage payments and property appreciation offers a sense of financial security and potential wealth accumulation over time. Sense of Community: Homeownership often fosters a stronger sense of community and social connections. Owning a home allows individuals to become more invested in their neighborhood and participate in community activities, leading to a greater sense of belonging and social support. Generational Legacy: For many people, homeownership is also seen as a way to leave a legacy for future generations. The idea of creating a stable and secure environment for family members and passing down property to children or loved ones can be a powerful motivator to transition from renting to owning. Overall, psychological factors such as pride, stability, security, and a sense of community play a significant role in the decision-making process when individuals contemplate the transition from renting to homeownership. These factors often go beyond purely financial considerations and reflect deeply held personal values and aspirations. Canadians pause homebuying plans amid rising borrowing costs: Royal LePage - REM While 27 per cent of adults are active in the market, over half delayed their search thanks to the surge in interest rates realestatemagazine.ca READ MORE ... What you need to know about minimum payments on credit cards When it comes to credit cards, the term 'minimum payment' is often used as a marketing ploy, promising customers that a seemingly small, manageable monthly payment will keep them in good standing with lenders. ctvnews.ca READ MORE ... Toronto home sales up in February from last year as consumers eye rate cuts: TRREB Greater Toronto home sales and listings were up in February from last year, but adjusted sales were down from a month earlier, the region's real estate board said Tuesday. cp24.com READ MORE ... Toronto Home Prices Increase for First Time in Seven Months - BNN Bloomberg Toronto home prices rose for the first time in seven months as buyers and sellers navigated a shifting market ahead of a traditionally busy time of year. bnnbloomberg.ca READ MORE ... Toronto housing market gains as buyers return from the sidelines Regional real estate board reports sales and prices increased in February wealthprofessional.ca READ MORE ... Canadian mortgage-holders increasingly missed payments in Q4, Equifax says Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. ctvnews.ca READ MORE ... House of the Week: $2.2 million for a 140-year-old Uxbridge home with a backyard playground The 3,700-square-foot property comes with five bedrooms, a curvy original staircase, heated floors and an in-ground pool torontolife.com READ MORE ... 'RESURGENCE': House prices rising in Oakville and Burlington along with home sales and new listings in both municipalities, according to new real estate report Higher borrowing costs keeping home sales below the February sales record reached in 2021. insidehalton.com READ MORE ... Toronto home prices inch up as buyers adapt to mortgage rate landscape Toronto home sales jumped by 18% year-over-year in February while benchmark home prices inched up modestly. Read more cochranetimespost.ca READ MORE ... Home prices in Waterloo Region stabilizing A report from the Waterloo Region Association of Realtors shows the average sale prices for homes are stabilizing after years of uncertainty. kitchener.citynews.ca READ MORE ... Bank of Canada rate cut risks igniting housing market Benjamin Tal, deputy chief economist at CIBC Capital Markets, talks about the timeline for a Bank of Canada interest rate cut , the state of the labour market and the risk to the housing market from raising rates. Full hit of commercial real estate losses for banks still to come Economy already in recession by this measure Inflation data no 'slam dunk' for rate cut Want to know more about the mortgage market? Read Robert McLister’s new weekly... msn.com READ MORE ... Real Estate Manager Plans $500 Million Push to Buy Rental Houses From Builders - BNN Bloomberg BGO, a real estate manager majority owned by Sun Life Financial Inc., committed $500 million to an effort to buy communities of single-family rental homes directly from builders. bnnbloomberg.ca READ MORE ... The most evictions in Ontario happen in these major cities | insauga Two years ago, Nicole Brown received a letter from her landlord offering her and her family money to vacate the Brampton apartment they had been living in for close to 10 years, leaving them anxious and distressed about having to move at a time when rental rates were skyrocketing.  “It was just an offer to […] insauga.com READ MORE ... Why both tenants and landlords are unhappy about P.E.I.'s 3% rent increase cap Some tenants on P.E.I. will be paying more rent on Jan. 1, but many landlords in the province aren't happy about the increase either. msn.com READ MORE ... Majority of Niagara homes now cost more than a half-million dollars, as scarce rental units become more costly In St. Catharines in 2013 nearly 97 per cent of homes were estimated below $500,000, whereas in 2023 that fell to 30 per cent, according to MPAC stcatharinesstandard.ca READ MORE ... 'RESURGENCE': House prices rising in Oakville and Burlington along with home sales and new listings in both municipalities, according to new real estate report Higher borrowing costs keeping home sales below the February sales record reached in 2021. insidehalton.com READ MORE ... The Bank of Canada’s First Rate Cut Should Not Be Far Off Each week, Move Smartly mortgage expert Dave Larock keeps you informed about all latest news and impacts on our interest rates and more. movesmartly.com READ MORE ... Canadian Mortgage Delinquencies Surge, Up 135% In Ontario: Equifax - Better Dwelling Canadian households are struggling to manage their astronomical debt loans. That’s the warning from credit rating agency Equifax Canada, who noted a surge in both mortgage and non-mortgage credit delinquencies in Q4 2023. The issue is emphasized in pricey BC and Ontario, especially when it comes to young adults.  Canadian Mortgage Delinquency Rates Are Climbing  […] betterdwelling.com READ MORE ... Latest Toronto home sales figures in Is the market heating up? mpamag.com READ MORE ... Will the Bank of Canada cut interest rates tomorrow? Economists spell out expectations mpamag.com READ MORE ... ‘A bright shiny object’: Industry reacts as First-Time Home Buyer Incentive axed The controversial scheme is winding up – and some are welcoming its end mpamag.com READ MORE ... Toronto's housing market is suddenly surging upwards and that includes prices Following a year of sluggish sales activity, Toronto's housing market is continuing to show signs of rebound as we head into spring, according to t... 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

🔥 5th Mar 2024 - Canadian Real Estate Market Sees Doubling Of Home Prices Over Past Decade!

💥 Tuesday 5th March 2024 💥 Rent-To-Own Homes Toronto Daily Sparks: Toronto Real Estate Blaze! "Empowering Your Choices: Comprehensive Reports & Exclusive Listings!" "Daily Sparks: Toronto Real Estate Blaze" ignites your daily journey through the Toronto real estate landscape. Every day, we deliver sparks of insight, trends, and critical updates directly to your inbox, ensuring you stay ablaze with the latest developments. Whether you're a potential buyer, seller, investor, or enthusiast, our daily sparks cover a wide range of topics, from market dynamics and emerging trends to investment opportunities and expert analysis. Stay ignited and let "Daily Sparks: Toronto Real Estate Blaze" be your trusted guide in navigating the dynamic Toronto real estate market. How do rent-to-own agreements differ from traditional rental agreements or home purchases, and what legal protections are in place for tenants and landlords? Rent-to-own agreements, also known as lease-option or lease-to-own agreements, differ from traditional rental agreements and home purchases in several ways: Structure: In a rent-to-own agreement, the tenant pays rent to the landlord with the option to purchase the property at a later date, typically within a specified period, often ranging from one to three years. A portion of the rent may be designated as a credit toward the purchase price if the tenant decides to buy the property. Option Fee: Tenants typically pay an upfront option fee, which grants them the right to purchase the property at a later date. This fee is usually non-refundable and is separate from the rent payments. Purchase Price: The purchase price of the property is determined at the outset of the agreement or may be based on market value at the time of purchase. This price is usually locked in for the duration of the agreement, regardless of changes in the housing market. Tenant's Responsibilities: Tenants are responsible for maintaining the property and paying for repairs and maintenance, similar to traditional renters. However, they also have the option to make improvements to the property, which may increase its value. Landlord's Responsibilities: Landlords retain ownership of the property during the rent-to-own period and are responsible for major repairs and maintenance, such as structural issues or major system failures. Legal Protections: Rent-to-own agreements should clearly outline the rights and obligations of both parties, including the terms of the option fee, rent payments, purchase price, and conditions for exercising the option to purchase. Tenants may have certain legal protections under landlord-tenant laws, such as the right to habitable living conditions and protection from eviction without cause. Landlords are also subject to legal requirements regarding fair housing practices and the maintenance of rental properties. Overall, rent-to-own agreements provide tenants with the opportunity to gradually transition from renting to homeownership while allowing landlords to generate rental income and potentially sell the property at a higher price in the future. However, both parties should carefully review the terms of the agreement and seek legal advice to ensure their rights and interests are protected. Canadian real estate market sees doubling of home prices over past decade - REM From soaring prices to hefty mortgage payments, a decade of Canadian real estate trends are unpacked in this analysis realestatemagazine.ca READ MORE ... Surreal Estate: $8.5 million for Norman Jewison's former office loft What home in an alley would be complete without a carriageway, original pine ceilings, a truck-sized fireplace and a rooftop view of downtown? torontolife.com READ MORE ... Calgary Home Sales Rose 23% In February Home sales in Calgary rose 23% in February from a year earlier as the housing market continues to rebound after a sharp downturn caused by high interest rates. The Calgary Real Estate Board (CREB) said that February home sales were up sharply ... baystreet.ca READ MORE ... Canada ends first-time home buyer incentive The FTHBI program discontinues, leaving future homeowners seeking new paths to affordability wealthprofessional.ca READ MORE ... Spotlight:Need a short-term mortgage solution, fast? Big banks aren’t big on flexibility. When life happens, get a mortgage fix from somewhere you trust cambridgetoday.ca READ MORE ... Newmarket may reopen debate on short-term rentals Homeowner asks council to change current restriction that limits short-term rentals to detached, single family dwellings newmarkettoday.ca READ MORE ... Japa: My journey into Canadian real estate industry — Greg Ebube Gregory Ebube is the CEO of GTA Homes by Greg Ebube, an award-winning real estate entrepreneur, providing housing services to Canadians tribuneonlineng.com READ MORE ... Homes priced under $500,000 are vanishing across Ontario Homes priced under $500,000 are becoming a rarity in Ontario, with fewer than one in five dwellings falling under that threshold. Read on. countyweeklynews.ca READ MORE ... New listings, home sales on the rise in Vancouver last month: real estate board Greater Vancouver's real estate board says new listings were up in February as home sellers shed some of their hesitance and home sales also rose. bc.ctvnews.ca READ MORE ... Number of home sales and listings in Vancouver area on the rise: real estate board | CBC News Metro Vancouver listings went up in February compared to last year and are on par with the 10-year seasonal average, according to the Greater Vancouver Realtors. cbc.ca READ MORE ... Toronto-area family says weed smell has turned new home into 'place of nightmares' The 2018 legalization of cannabis for recreational use in Canada has had far-reaching economic and societal impacts, but also triggered growing com... blogto.com READ MORE ... Here's What $1 Million Buys You Across Canada Real estate investing can sound like the perfect option, but not everywhere. So let's look at what $1 million might get you. fool.ca READ MORE ... Are Houses in St. John’s Still Cheap? The St. John’s real estate market had been one of the cheapest places in the Canadian housing sector. This had even been the case in early 2022. However, a blog.remax.ca READ MORE ... BoC expected to hold interest rates this week as grey cloud hangs over economy The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months. cp24.com READ MORE ... Ottawa says its housing deals with cities will build 750,000 homes in the next decade OTTAWA - The Liberal government says it has reached 179 housing agreements with municipalities that will help ... rdnewsnow.com READ MORE ... Report: Canadian cities with Single Family Homes Below the National Average By Zoocasa Report: Canadian cities with Single Family Homes Below the National Average ca.investing.com READ MORE ... Canadian Cities Where Detached Homes Are Available Below National Average | To Do Canada It is no secret that single-family homes in Canada’s major cities command more than 1 million dollars and remain unattainable to those wishing to enter the housing... Read more » todocanada.ca READ MORE ... Mortgage renewal in 2024? Experts weigh in on how to get the best rate Latest news coverage, email, free stock quotes, live scores and video are just the beginning. Discover more every day at Yahoo! ca.yahoo.com READ MORE ... Surge in Vancouver real estate listings takes pressure off tightening market Latest news coverage, email, free stock quotes, live scores and video are just the beginning. Discover more every day at Yahoo! ca.yahoo.com READ MORE ... What You Need to Know About Taking Out a Joint Mortgage Here’s how this option for buying a home works, plus its pros and cons. moneytalksnews.com READ MORE ... Despite economic challenges, Québecers maintain strong intentions to buy while rental market squeezed: Survey - REM Despite economic hurdles, Québecers stand firm on their dreams of homeownership while renters face rising pressures. How is the housing market holding steady? realestatemagazine.ca READ MORE ... Navigating the short-term rental market: Strategies for success - REM By encouraging clients to offer tailored experiences and amenities, you can increase their rental income and occupancy levels and reduce property downtime and deterioration realestatemagazine.ca READ MORE ... Canadian GDP Outperforming Expectations, No Rate Cut Urgency: BMO - Better Dwelling Canada’s economy is proving to be more resilient than virtually all analysts had anticipated. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) climbed in Q4, driving annual growth into positive territory. Accompanying the gain was an upward revision to the previous quarter’s decline, revealing an economy that may struggle with growth but […] betterdwelling.com READ MORE ... Bank of Canada To Delay Rate Cut Talks As Economy Surprises: NBF - Better Dwelling The Canadian economy is weakening but not enough to cut rates. That was the takeaway in a new National Bank of Canada Financial (NBF) report. The bank’s chief rate strategist still sees the country’s economy weakening, but it’s recently provided just enough positive data to convince the Bank of Canada (BoC) hold off on any […] betterdwelling.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