💸 12th Apr 2024 - Canada To Allow 30-Year Amortization For First-Time Buyers' Mortgages On New Homes!

💥 Friday 12th April 2024 💥 Toronto Real Estate Fixer Upper - Myths & Facts! Daily Dive: Unveiling GTA Real Estate Hot Topics! "Maximize Your Real Estate Journey: Free Reports & Coveted Listings!" "Dive into the GTA Real Estate: Daily Unveiling of Hot Topics" invites you to plunge into the depths of Greater Toronto Area (GTA) real estate with us each day. Our daily dive uncovers the most pressing topics, trends, and insights shaping the GTA real estate market. Whether you're a buyer, seller, investor, or simply curious about the market, our exploration ensures you stay informed and ahead of the curve. Join us as we unveil the latest hot topics and navigate the complexities of GTA real estate together. Tune in daily to "Daily Dive: Unveiling GTA Real Estate Hot Topics" for your immersive journey into the heart of the GTA's real estate landscape. What Are the Lesser-Known Risks and Challenges Associated with Purchasing and Renovating a Fixer Upper Property? Purchasing and renovating a fixer-upper property can be an exciting prospect, but there are lesser-known risks and challenges that buyers should be aware of before embarking on such a project: Hidden Structural Issues: While cosmetic upgrades are often visible during a walkthrough, underlying structural issues may not be immediately apparent. These can include problems with the foundation, plumbing, electrical wiring, or load-bearing walls. Addressing these issues can be costly and time-consuming, potentially exceeding the renovation budget. Regulatory Compliance: Renovating a property often requires adherence to building codes, zoning regulations, and permits. Failure to obtain the necessary permits or comply with regulations can result in fines, delays, or even forced removal of completed work. Navigating the regulatory landscape can be complex, especially for inexperienced renovators. Unforeseen Expenses: Renovation projects frequently encounter unforeseen expenses and budget overruns. Delays, material shortages, changes in design plans, or unexpected repairs can all contribute to increased costs. It's essential to budget for contingencies and be prepared for the possibility of spending more than initially anticipated. Time Constraints: Renovating a fixer-upper property can be a time-consuming process, especially for individuals with busy schedules or limited availability. Coordinating contractors, sourcing materials, obtaining permits, and overseeing the renovation progress all require time and attention. Underestimating the time commitment involved can lead to frustration and project delays. Resale Value Considerations: While renovations have the potential to increase a property's value, not all upgrades provide a positive return on investment. It's crucial to carefully assess the local real estate market and consider the preferences of potential buyers when planning renovations. Over-improving a property relative to the neighborhood or making design choices that limit its appeal can negatively impact resale value. Financial Strain: Renovating a fixer-upper property often requires significant upfront investment, which may strain the buyer's finances. If unexpected expenses arise or the renovation timeline extends longer than anticipated, the financial burden can become overwhelming. Buyers should carefully evaluate their financial situation and ensure they have sufficient reserves to cover renovation costs and any unexpected challenges. DIY Pitfalls: While do-it-yourself (DIY) renovations can save money, they also come with risks, especially for inexperienced individuals. Poor workmanship or improper installation can result in subpar outcomes, safety hazards, or code violations. Knowing when to enlist professional help and when to tackle tasks independently is essential for successful DIY renovations. By understanding these lesser-known risks and challenges associated with purchasing and renovating a fixer-upper property, buyers can approach such projects with realistic expectations and better prepare themselves for the renovation journey ahead. Consulting with experienced professionals, conducting thorough inspections, and conducting proper due diligence can help mitigate these risks and increase the likelihood of a successful renovation project. Canada to allow 30-year amortization for first-time buyers' mortgages on new homes The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. ctvnews.ca Read More ... Ottawa changing RRSP Home Buyers’ Plan, some mortgage amortization rules - National | Globalnews.ca Finance Minister Chrystia Freeland unveiled changes on Thursday aimed at making it easier for first-time buyers to break into the housing market. globalnews.ca Read More ... Overbidding wave sweeps the GTA’s housing market in March - REM Bidding wars in the GTA's housing market intensified this spring, with overbidding becoming the norm in nearly half of neighbourhoods realestatemagazine.ca Read More ... What is a qualifying home under FHSA rules? | Advisor.ca A broad range of residential property counts advisor.ca Read More ... Calgary home prices up 15% year-over-year | CityNews Calgary Data indicates many looking to purchase their first property are running into numerous challenges, especially here in Calgary. calgary.citynews.ca Read More ... Opinion: Fixed-rate mortgages need their rates fixed for longer terms By Mary-Jane Bennett Stubbornly high housing prices are one of the main reasons for the steep drop in young Canadians’ “sense of hopefulness,” according to Statistics Canada. Given the state of the market, their hope seems unlikely be buoyed anytime soon. Last year, interest rates were the highest they have been in 22 years and inflationary pressures, especially shelter costs, remain strong. Together, inflation and interest rates are eroding... msn.com Read More ... Canada needs 3.1 million new homes by 2030 to close 'housing gap,' budget watchdog warns The parliamentary budget officer (PBO) has warned Canada needs to build 3.1 million more homes by 2030 if the country’s “housing gap&rdquo. kelownanow.com Read More ... Landlords removing units from rent subsidy program, citing increased operating costs | CBC News The head of New Brunswick's housing corporation says it's taken notice of a trend of landlords taking rental units out of the corporation's subsidized rental program in order to make more money. cbc.ca Read More ... Forever Renters: Here’s How Much Five Years of Renting Will Cost You in 50 Major Cities msn.com Read More ... Oakville residents asked to weigh in on short-term rental accommodation regulations Town of Oakville updating bylaw that governs bed and breakfast establishments and short-term rentals. insidehalton.com Read More ... Airbnb operator says he's facing losses of hundreds of thousands of dollars because of B.C.'s new short-term rental laws Steve Nguyen runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show 'Friends.' He says he’s still reeling from the news he soon won't be able to operate it as a short-term rental since he doesn’t live there. bc.ctvnews.ca Read More ... Entry to Canada's housing market feels out of reach for 76% of non-owners: CIBC poll Three in four Canadians who don't own a property say buying a home feels out of reach, a new poll shows. cp24.com Read More ... Canada Tries To Bail Out Real Estate Developers With 30-Year Mortgages - Better Dwelling Canada is rolling out new policies to help its highly indebted households support soft demand for new housing. Earlier today, the Government of Canada (GoC) announced new measures to increase the amount of capital used to buy new homes. New home sales have been weak at these prices, and rather than letting prices fall, it […] betterdwelling.com Read More ... Anti-money laundering watchdog gives failing grades to banks, real estate companies - National | Globalnews.ca An internal report from Canada’s financial-crimes watchdog found most banking and real estate companies it audited are not following the country’s anti-money laundering laws. globalnews.ca Read More ... Why are so many Montreal apartments rented without appliances? | CBC News In this episode of Good Question, Montreal, we explore some of the reasons why tenants have to buy their own appliances, and what this says about Montreal’s unique (but changing) rental culture. cbc.ca Read More ... The Monitor | Rent control in Ontario is full of loopholes Rent control in Ontario—facts, flaws, and fixes monitormag.ca Read More ... Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap. vancouver.citynews.ca Read More ... Government to allow longer amortizations for certain first-time buyers Freeland opens the door to 30-year ams mpamag.com Read More ... This stunning $5 million Toronto townhome gives off London vibes This small three-bedroom home in Toronto's Summerhill neighbourhood could double as a townhouse in Mayfair, but lucky for you, you don't need to pa... blogto.com Read More ... Toronto home slashes $2.5 million off its price after two failed attempts to sell Although Toronto's real estate market saw a moderate increase in the average March home price compared to last year's level, many homes across the ... blogto.com Read More ... Home bought and quickly relisted for over $210k more shows state of Toronto's market The Toronto area's housing market has been all over the place lately, with desperate owners selling at enormous losses in some cases and heated bid... blogto.com Read More ... Is the Bank of Canada inching towards a rate cut? June rate drop remains a distinct possibility, says economist mpamag.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

🤔 11th Apr 2024 - What's the most expensive home you could afford?

💥 Thursday 11th April 2024 💥 Divorce And Real Estate - FREE Report! GTA Real Estate Chronicles: Daily Market Heat! "Empowering Your Home Vision: Informed Reports & Premier Listings Inside!" "GTA Real Estate Chronicles: Daily Market Heat" chronicles the daily fluctuations and fiery dynamics of the Greater Toronto Area (GTA) real estate market. Every day, we delve into the hottest trends, shifts, and developments shaping the GTA's real estate landscape. Whether you're a buyer, seller, investor, or industry professional, our daily insights provide a comprehensive view of the market's temperature. Stay abreast of the latest market heat and navigate the GTA's real estate terrain with confidence by tuning in to "GTA Real Estate Chronicles: Daily Market Heat." How Does the Presence of Children or Dependents Influence Real Estate Decisions During Divorce Proceedings? The presence of children or dependents can significantly influence real estate decisions during divorce proceedings in several ways: Custody and Living Arrangements: One of the primary considerations in divorces involving children is determining custody and living arrangements. The family home may hold sentimental value for the children, and parents may prioritize maintaining stability and continuity for them. As a result, decisions about who retains ownership of the family home or whether it should be sold can be deeply influenced by the best interests of the children. Financial Support Obligations: The financial support obligations of each parent, including child support and potentially spousal support, may affect their ability to maintain or acquire real estate. The parent with primary custody may seek to remain in the family home to provide stability for the children, while the other parent may need to secure alternative housing while meeting support obligations. Property Division and Asset Distribution: Real estate, including the family home and other properties, is often among the most significant assets subject to division during divorce proceedings. The presence of children may influence how these properties are allocated to ensure the children's well-being and financial security. Courts may consider factors such as the children's living arrangements, educational needs, and the financial resources available to each parent when determining property division. Emotional Considerations: Divorce is a highly emotional process, particularly when children are involved. Real estate decisions may be influenced by emotional attachments to the family home or concerns about disrupting the children's lives. Parents may prioritize creating a sense of stability and security for their children, which can impact decisions about where to live and whether to retain or sell real estate assets. Practical Considerations: Practical considerations, such as the size and suitability of properties for accommodating children's needs, may also influence real estate decisions. Parents may prioritize properties with sufficient space, proximity to schools and amenities, and child-friendly features when making housing choices during and after divorce. Overall, the presence of children or dependents can profoundly shape real estate decisions during divorce proceedings, with parents seeking to prioritize their children's well-being, stability, and long-term best interests throughout the process. Collaborative approaches, mediation, and the guidance of legal and financial professionals can help divorcing couples navigate these complex issues and reach agreements that serve the needs of all family members. What's the most expensive home you could afford? | CBC News Use this tool to calculate the most expensive home you could buy based on your income and passing the mortgage “stress test." cbc.ca Read Now ... B.C. landlord must pay renter over $25,000 for illegal rent hikes, notice to end tenancy The landlords claimed they needed the space for personal use - but the RTB did not believe them. vancouverisawesome.com Read Now ... The Pros and Cons of Private Mortgages: A Comprehensive Analysis | Enrich Mortgage Discover the pros and cons of private mortgages in this comprehensive analysis. Make informed decisions about your finances with insights into the advantages. enrichmortgage.ca Read Now ... MLA complains of 'fatal flaws and gaps' in rental law after eviction of tenants who fought increases | CBC News Green MLA Peter Bevan-Baker questioned P.E.I Housing Minister Rob Lantz in the legislature Tuesday about how the new Residential Tenancy Act does and doesn't protect tenants from eviction. cbc.ca Read Now ... Buying and Selling a Church Building RE/MAX commercial real estate agents bring both skill and sensitivity to church building sales. Add an experienced RE/MAX professional to your team today! blog.remax.ca Read Now ... Enormous 67-storey tower planned to eclipse popular Toronto pub A busy Toronto pub could soon gain a towering new neighbour, the latest landmark addition planned for an emerging canyon of residential towers flan... blogto.com Read Now ... Photo of sleeping tenant in rental ad ‘blatant disrespect’ by Brampton landlord, rental watcher says | inBrampton Renters are sharing their frustrations online after a landlord allegedly posted a photo of their sleeping tenant while advertising a rental online. insauga.com Read Now ... Landlords, renters disagree on future of tenancy laws as rental task force gets underway A new provincial task force is touring British Columbia all month, trying to bring together both sides of the tenant-landlord debate and modernize B.C.'s tenancy laws. Vancouver-West End MLA Spencer Chandra Herbert is heading the rental housing task force, which launched on Monday in Maple Ridge. "What I've found is that one group makes one recommendation, another group makes a slightly different version of the recommendation and another says do something else entirely," Chandra Herbert said. ca.movies.yahoo.com Read Now ... More protection on the way for Sask. renters but is it enough? It's a struggle that is crippling Saskatchewan residents of all ages and it doesn't appear to be getting bette... northeastnow.com Read Now ... How often and by how much can my landlord increase my rent in Metro Vancouver? In some cases, landlords can raise the rent above the allowable increase. vancouverisawesome.com Read Now ... Before and After: How a $300,000 reno transformed a stuffy Leaside craftsman into a vision of black and white Goodbye, tiny kitchen, dated dining room and forgotten fireplace. Hello, airy spaces, modern bar and cute powder room torontolife.com Read Now ... Bank of Canada holds interest rate at 5% and Windsor-Essex realtor is 'kind of glad it did' The Bank of Canada held its policy rate at 5 per cent on Wednesday, saying it needs to see a sustained decline in inflation before rate cuts can begin. windsor.ctvnews.ca Read Now ... Buying a Townhouse in 2024? Score Deals in These Canadian Markets Townhouses offer the best of both worlds: more space and bedrooms than apartments, either with similar amenities and maintenance, such as shared common spaces like underground parking, gyms, or playgrounds, or all the flexibility of a freehold... msn.com Read Now ... Alberta real estate competition heats up for both buyers agents - REM As Alberta buzzes with residents and agents flocking to the province for opportunities, concerns arise over out-of-town agents and the impact on local markets realestatemagazine.ca Read Now ... Bank of Canada Just Delivered Bad News For Mortgage Rates, Yields Surge - Better Dwelling Canadians expecting good news for mortgage rates just got the exact opposite. The Bank of Canada (BoC) made no changes to the overnight rate, as expected by the market. While no cuts were expected, it was still widely  believed they would reassure the market of progress on inflation, helping to reinforce expectations of rate cuts […] betterdwelling.com Read Now ... Toronto's downtown is in serious trouble as office vacancies spiral out of control The vitality of downtown Toronto faces a serious threat as the city's office market continues to struggle. According to a new report from Colliers,... blogto.com Read Now ... Toronto is now less affordable than both New York and Miami A new report on housing affordability across North America includes great news for Toronto residents who have always dreamed of moving to the U.S. ... blogto.com Read Now ... Anticipation builds for Bank of Canada key interest rates decision Speculation grows for mid-year rate cut as inflation cools mpamag.com Read Now ... GTA condominium fees: The regional spectrum and what homeowners get in return - REM “For homebuyers who are considering buying a condo, maintenance fees are an important factor to consider when figuring out their budgets, realestatemagazine.ca Read Now ... The time has come to make a fundamental shift in organized real estate - REM As long as the existing structure of organized real estate continues, we’ll spend our resources on its maintenance — let’s reimagine and do it differently 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