🏦 10th May 2024 - Bank Of Canada Warns Of Steep Jump In Mortgage Payments!

💥 Friday 10th May 2024 💥 Toronto Real Estate Fixer Upper - Myths & Facts! Toronto's Real Estate Thrive: Daily Hot Market Picks! "Ignite Your Home Dreams: Free Reports & Desirable Listings Inside!" "Toronto's Real Estate Thrive: Daily Hot Market Picks" is your daily guide to the most enticing and profitable opportunities in Toronto's vibrant real estate market. Each day, we provide a curated selection of the hottest listings, emerging trends, and strategic investment insights that are crucial for anyone looking to make a move in the market. Whether you're a seasoned investor, a first-time homebuyer, or somewhere in between, our newsletter delivers the essential information you need to thrive in Toronto's dynamic real estate environment. Subscribe to "Toronto's Real Estate Thrive: Daily Hot Market Picks" and unlock the potential of your real estate ambitions with top-notch picks and expert insights. How Can Prospective Buyers Differentiate Between Genuine Opportunities and Unrealistic Expectations When Considering Fixer Upper Properties? When considering the purchase of a fixer-upper property, it's crucial for prospective buyers to differentiate between genuine opportunities for value and deals that might seem appealing but come with unrealistic expectations. Here’s how buyers can make informed decisions and avoid common pitfalls: 1. Thorough Inspection and Professional Advice Action: Hire a qualified home inspector and possibly structural engineers to evaluate the property comprehensively. Consider getting specialized inspections for areas like the foundation, roofing, plumbing, and electrical systems. Purpose: This helps uncover hidden issues that could turn a seemingly minor fix into a major financial drain. 2. Detailed Cost Analysis Action: Obtain quotes from contractors for necessary renovations before finalizing the purchase. Break down the costs for each major repair or upgrade. Purpose: Provides a realistic estimate of the total investment needed. Comparing these costs with the home’s market value post-renovation can highlight whether the project is financially viable. 3. Understanding the Scope of Renovations Action: Distinguish between cosmetic updates and major structural repairs. Assess your ability and willingness to undertake these projects based on their complexity and cost. Purpose: Helps set realistic expectations about the work involved and whether it matches your skills or budget. 4. Market Research Action: Research the real estate market in the neighborhood to understand the potential after-repair value of the property. Purpose: Ensures that your investment in the property won’t exceed the potential future selling price, thus avoiding overcapitalization. 5. Legal and Regulatory Compliance Action: Check for any zoning laws, building codes, or historic preservation guidelines that could restrict changes or require specific costly procedures. Purpose: Avoids legal troubles and ensures that renovation plans are feasible and compliant with local regulations. 6. Financial Buffer Action: Plan for a contingency budget that goes beyond the estimated costs by at least 10-20%. Purpose: Covers unexpected expenses, which are common in renovation projects, thereby ensuring that the project can continue even when surprises occur. 7. Long-Term Commitment Assessment Action: Evaluate your long-term plans and how the property fits into those. Consider the time and effort required for renovation and whether it aligns with your personal and financial goals. Purpose: Ensures that the project is not just financially viable but also suits your lifestyle and long-term aspirations. 8. Exit Strategy Action: Have a clear exit strategy in place before purchasing. This might include renting out the property, selling it post-renovation, or living in it. Purpose: Provides clear objectives and a backup plan if the market shifts or if the renovations do not go as planned. By carefully assessing these factors, prospective buyers can distinguish between a true investment opportunity and a money pit. Fixer-uppers can offer significant returns and satisfaction but require diligence, realistic planning, and often a tolerance for unpredictability. Bank of Canada warns of steep jump in mortgage payments Median monthly payment to increase by more than 60% for those with a variable rate mortgage, central bank report says timescolonist.com Read More ... Interest rate impact on homeowners revealed CMHC finds increasing interest rates and affordability issues shape Canadian housing trends and consumer decisions wealthprofessional.ca Read More ... Local home sales continue to be strong in spring market Local home sales continue to be strong in spring market brantfordexpositor.ca Read More ... Here's how much a 25-year and 30-year mortgage will cost in Ontario cities and towns | insauga First-time homebuyers will soon have a choice to get a 25-year or 30-year mortgage and a new report shows the interest and payment costs for both options. insauga.com Read More ... Toronto ‘condo’ with zero bedrooms listed for nearly $600,000 If you are in the market for a zero-bedroom condo, then we have the listing for you. The listing on Century 21 Regal Realty Inc.’s Instagram account asks, “Are you looking for a 0 bedroom condo in the Toronto area? If so, check out this listing before it’s gone or share it to someone that’ll be interested!” Ahh, nothing like zero bedrooms to make a buyer go, “Yes, please!” The listing itself, from agent Kalsang Phuntsok, refers to the unit as a... msn.com Read More ... Calgary's row housing sees fastest price growth in Canada They’re not too pricey and, yet, not too small either. Townhomes have become the Goldilocks housing type in many markets across Canada, including Calgary. And a recent study shows that the city is the hottest market for row housing when it comes to year-over-year percentage price growth. “It’s the closest thing to a single-family home for many people,” says Mark Neustaedter, realtor with eXp Realty in Calgary. “That’s why townhomes have been so... msn.com Read More ... East Vancouver house of 'little or no value' listed for $1.65 million If you’re looking for a prime example of how expensive land is in Vancouver, regardless of the state of the building that stands on it, look no further. bc.ctvnews.ca Read More ... Ontario Mortgage Brokerage Owner Caught Committing Fraud, Gets 1-Year Suspension And $110K Fine William Handsaeme, the owner of Forest City Funding, a prominent Ontario mortgage brokerage, has been suspended and fined for blatant thedeepdive.ca Read More ... “I left Toronto to see if I could hack it in the country. Boy, could I. Now I've gone even deeper into the woods” Mid-pandemic, David Eddie and his wife, Pam, ditched Toronto and gave country living a try, a story he told us in vivid and hilarious detail three years ago. Now, an update from the rural frontier: the transplants have doubled down torontolife.com Read More ... Condo sales rise in the GTA as prices stabilize and renters eye homeownership - REM Q1 saw 5.3% more GTA condominium sales and a surge in new listings and choice — now might be the best time to buy realestatemagazine.ca Read More ... Capital gains tax change 'shortsighted' and 'sows division' business groups tell Freeland Forging ahead with increasing Canada's capital gains inclusion rate 'sows division,' and is a 'shortsighted' way to improve the deficit, business groups are warning Finance Minister Chrystia Freeland. ctvnews.ca Read More ... Bank of Canada says financial system is stable, but risks remain The Bank of Canada says the Canadian financial system is stable, but risks remain due to debt servicing costs among households and businesses and stretched valuations of financial assets. ctvnews.ca Read More ... Renters so far more ‘vulnerable’ than homeowners amid higher interest rates. Why? - National | Globalnews.ca The Bank of Canada says in a new report that renters are feeling more debt stress tied to higher interest rates than Canadians with a mortgage. globalnews.ca Read More ... Many Canadians hold off buying homes until interest rates fall A strong majority of aspiring homeowners are sitting on the sidelines waiting for interest rates to fall before they will look to purchase a home, a new survey has found. BMO recently released the latest data from its Real Financial Progress Index , which found 72 per cent of aspiring homeowners are waiting for interest rate cuts before they look to buy a home. The survey also found most Canadians still believe owning a home is one of life’s... msn.com Read More ... Dave Ramsey Shares Three Rules For Buying A House In today's turbulent housing market, navigating the path to homeownership requires a more strategic approach than ever. With soaring prices and high interest rates, prospective buyers face myriad challenges. But despite the complexities, financial experts like Dave Ramsey offer valuable insights to guide homebuyers through the process. Ramsey shared three rules for buying a house in a May 6 post on X: 1. Be debt-free. 2. Keep enough money in an emergency fund to cover three to six months of hous ca.finance.yahoo.com Read More ... Households can cope with higher rates, says BoC Still, financial stress and rising asset valuations are a concern mpamag.com Read More ... Toronto Office Space Hits Record Vacancy Rate, Availability Surges Downtown - Better Dwelling The flight from Toronto office space was supposed to be temporary, but it doesn’t look that way. Global commercial real estate giant Avison Young data shows Greater Toronto offices hit a new record vacancy rate in Q1 2024. Even more space is available to rent, as more tenants look to shed the pricey rentals through […] betterdwelling.com Read More ... This $7 million Toronto home was featured in Architectural Digest Garnering the attention of House & Home, as well as Architectural Digest (Poland), 37 Rippleton Rd. is quite the Toronto home. Prior to the remodel... blogto.com Read More ... Canada brings in foreign construction workers to boost housing supply Government banks on foreign labour to ramp up home construction mpamag.com Read More ... Canadian homebuyers stay cautious despite more choices Inventory rises in major markets, but high borrowing costs continue to dampen buyer activity 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 Info & 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

📌 9th May 2024 - 5 Of The Cheapest Homes Sold For Under $350K In Ontario In April!

💥 Thursday 9th May 2024 💥 Divorce And Real Estate - FREE Report! Daily Dive: Unveiling GTA Real Estate Hot News! "Chart Your Path to Home Success: Expert Reports & Prime Listings!" "Daily Dive: Unveiling GTA Real Estate Hot News" is your essential deep dive into the most compelling updates and insights from the Greater Toronto Area's real estate market. Each day, we plunge into the latest news, uncovering the key trends, significant transactions, and emerging opportunities that shape the local market landscape. Whether you're an investor, a potential homebuyer, or a real estate professional, our newsletter equips you with the critical information you need to navigate the dynamic GTA real estate environment. Join us daily to stay informed and ahead of the curve with "Daily Dive: Unveiling GTA Real Estate Hot News." Are There Emotional Considerations That Affect Real Estate Decision-Making During Divorce, and How Can Couples Address Them? Divorce is an emotionally charged process that significantly impacts decision-making, especially concerning shared real estate assets. The emotional considerations can affect negotiations, the outcomes of property division, and overall well-being. Understanding and addressing these emotions is crucial for making rational decisions during such a trying time. Emotional Considerations in Real Estate Decisions During Divorce Attachment to the Home: The family home often holds sentimental value, representing memories and emotional ties. Deciding to sell it or determine who stays can be emotionally challenging. Fear of Financial Insecurity: Concerns about financial stability post-divorce can influence decisions about real estate. One or both parties may fear that selling the home or buying out the other’s share might leave them financially vulnerable. Conflict and Animosity: High emotional tensions can lead to disputes where decisions about the property are made out of spite rather than rational financial or personal considerations. Stress and Overwhelm: The overall stress of the divorce process can impair judgment, making it difficult to focus on long-term implications of real estate decisions. Desire for Continuity for Children: If children are involved, there's often a strong desire to maintain stability for them, which can influence decisions about the family home. Strategies to Address Emotional Considerations Engage in Mediation or Collaborative Divorce: These approaches involve professionals who can help manage the emotional dynamics and facilitate constructive communication. They focus on finding mutually beneficial solutions rather than adversarial outcomes. Consult Financial and Real Estate Experts: Financial advisors and real estate professionals can provide objective advice based on market conditions and personal financial situations. This external perspective helps ground decisions in financial realities rather than emotional reactions. Separate Emotional Value from Financial Value: It’s important to distinguish between the emotional value of the home and its financial implications. Therapy or counseling can help individuals process their feelings about the home separately from the financial decisions that need to be made. Consider the Best Interests of All Parties: Especially when children are involved, focusing on what’s best for all parties can help mitigate negative emotions. This might mean one party staying in the family home to provide stability for children, with financial adjustments made elsewhere to compensate. Create Detailed Plans and Scenarios: Work with professionals to outline the financial and practical implications of various decisions, such as selling the home, one party buying the other out, or co-owning the property for a period. Detailed scenarios can help depersonalize the decision-making process. Prioritize Self-Care: Engaging in self-care and seeking emotional support through therapy or support groups can provide better emotional grounding to handle the pressures of divorce negotiations. Open Communication: Maintaining open lines of communication, as difficult as it may be, helps prevent misunderstandings and conflicts. Clear, respectful communication about needs and expectations can lead to more agreeable solutions. By addressing emotional considerations with these strategies, divorcing couples can make more balanced and informed decisions regarding their real estate during divorce, ultimately leading to outcomes that support the well-being and financial health of both parties. Local home sales continue to be strong in spring market Local home sales continue to be strong in spring market brantfordexpositor.ca Read Now ... B.C. residents paying more for mortgages while taking out fewer of them Canada Mortgage and Housing Corporation, Equifax Canada reports find B.C. residents struggling thefreepress.ca Read Now ... Condo plan won't mean renovictions: Owner The owner of multiple Brockville rental properties on Tuesday sought to reassure tenants a condo conversion won't see them evicted. recorder.ca Read Now ... Ottawa home prices set to decline for first time in nearly 30 years, CMHC warns Ottawa's housing market is set to see the first annual price decrease in nearly 30 years, as rising mortgage rates slow demand for new homes. ottawa.ctvnews.ca Read Now ... Surreal Estate: $4 million for a Broadview North standout with a 30,000-litre tropical aquarium What house by the Don would be complete without a glass elevator, a bar with a glass roof and a 40-foot chandelier? torontolife.com Read Now ... Here’s How Much You’ll Pay in Interest On a 30-Year Mortgage vs a 25-Year Mortgage Here’s How Much You’ll Pay in Interest On a 30-Year Mortgage vs a 25-Year Mortgage ca.investing.com Read Now ... 'A huge difference': These adults born in the '90s partnered with their parents to buy homes in Ontario An Ontario woman said it would have been impossible to buy a house without her mother – an anecdote that animates the fact that over 17 per cent of Canadian homeowners born in the ‘90s own their property with their parents, according to a new report. cp24.com Read Now ... Here's how much you need to earn to buy a home in Ottawa this winter Statistics released by Ratehub.ca shows homebuyers needed to earn an income of $128,840 to buy the average priced home in Ottawa. That's down from $133,660 a year income in December and $138,260 last July. ottawa.ctvnews.ca Read Now ... 5 of the cheapest homes sold for under $350K in Ontario in April | insauga Here are five of the least expensive homes sold in Ontario in April. insauga.com Read Now ... Bubble Contagion? Eastern Canada Home Prices Retain The Frothiest Growth - Better Dwelling Canadian real estate prices surged after rate cuts, and have generally cooled since rates began to normalize. Canadian Real Estate Association (CREA) data shows the composite benchmark, which represents a typical home, ripped higher after rate cuts in March 2020 and peaked when rates began to normalize in 2022. A big exception is Eastern Canada, […] betterdwelling.com Read Now ... Canada’s real estate market 2024 TD Economist Rishi Sondhi helps explain what’s going on in Canada’s real estate market right now in both the rental and resale spaces, and what we could expect stories.td.com Read Now ... Rent prices soaring in Waterloo region and across Canada The average asking price for a one-bedroom now surpasses $2,000 in each of the tri-cities and Guelph. kitchener.ctvnews.ca Read Now ... The Breakdown | Angry landlords fight back The National breaks down why fed-up small landlords are calling out bad tenants and the system they say lets them get away with months of unpaid rent and property damage. cbc.ca Read Now ... High rent prices in Ontario contributing to provincial exodus, but other places seeing spikes too The cost of renting an apartment is rising across Canada and while Ontario saw one of the slowest increases, other parts of the country are seeing a far larger increase. ottawa.ctvnews.ca Read Now ... Messy gaps for some clients, landlords in Ottawa's housing first strategy | CBC News Some landlords in Ottawa are raising alarm bells about the city’s housing first program. They say some tenants aren't getting the proper support from housing agencies and damages are piling up. cbc.ca Read Now ... Rent keeps going up, Alberta government is fighting solutions - The Gateway Albertans need rent control and more rental units, and they shouldn’t have to pick one or the other. Saying otherwise is unhelpful. thegatewayonline.ca Read Now ... New Glasgow tenants left without running water for days after landlord failed to pay bills | CBC News Tenants of seven buildings in New Glasgow, N.S., were left with no running water for four days until it was reconnected on Tuesday. The landlord hadn't paid the water bills for multiple years before the service was cut off, according to a senior town official. cbc.ca Read Now ... These are the areas where Ontario housing prices could see the biggest drop Ontario’s housing market has been red hot for years now, but that may soon change, and some areas could be hit harder than others. toronto.ctvnews.ca Read Now ... Virtual staging transforms this cheap $600K Toronto house into something more Virtual staging is totally revolutionizing the way homes are marketed and sold in Toronto. Traditionally, staging a home involves physically furnis... blogto.com Read Now ... Ontario landlord wants you share a room stuffed with 3 beds for nearly $500 a month As the province's average rent price for a one-bedroom apartment continues to creep above a range many of us can reasonably afford on our own, land... blogto.com 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 Info & 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