📈 14th May 2024 - Here's How Much More Canadian Landlords Are Asking For Now, According To A Just-Released Report!

💥 Tuesday 14th May 2024 💥 FREE Home Evaluation Toronto GTA GTA Real Estate Spotlight: Daily Hot Picks! "Transform Your Home Journey: Free Reports & Premier Listings Await!" "GTA Real Estate Spotlight: Daily Hot Picks" illuminates your day with a carefully curated selection of the most enticing properties and investment opportunities in the Greater Toronto Area. Each day, we shine a light on exclusive market insights, emerging trends, and prime listings that are making waves in the GTA real estate scene. Whether you're a homebuyer on the hunt for your dream home, an investor looking for lucrative deals, or a real estate enthusiast keen on staying updated, our newsletter delivers the hottest picks directly to your inbox. Subscribe to "GTA Real Estate Spotlight: Daily Hot Picks" and stay in the know with the most valuable opportunities in Toronto's vibrant property market. What steps can sellers take to ensure they receive a comprehensive and unbiased free market evaluation from real estate agents or agencies? To ensure a comprehensive and unbiased free market evaluation from real estate agents or agencies, sellers should be proactive and methodical in their approach. Here are some key steps to consider: 1. Research Local Agents and Agencies Action: Identify experienced real estate agents or agencies with a strong track record in your local market. Look for professionals who have extensive knowledge and experience in your specific area. Purpose: Agents with in-depth local market knowledge are more likely to provide accurate and detailed evaluations. 2. Check Credentials and Reviews Action: Verify the credentials of the agents. Look for licenses, certifications, and memberships in reputable real estate organizations. Also, check online reviews and testimonials from past clients. Purpose: Ensuring that the agent is well-regarded and professionally accredited increases the likelihood of receiving a reliable and unbiased evaluation. 3. Interview Multiple Agents Action: Schedule consultations with several agents. Ask them about their approach to market evaluations, their familiarity with your neighborhood, and how they stay updated with market trends. Purpose: Comparing perspectives from multiple agents helps to identify any inconsistencies and provides a broader understanding of your property's market value. 4. Request a Detailed CMA Action: Ask each agent for a Comparative Market Analysis (CMA). Ensure it includes recently sold properties, current listings, and properties that were listed but didn’t sell (expired listings). Purpose: A comprehensive CMA provides a context for your property’s valuation by comparing it with similar properties in your area. 5. Ask Specific Questions Action: Prepare questions regarding any factors that might affect the valuation. Inquire about how they adjusted the valuation based on specific features or issues of your property. Purpose: This helps ensure that the agent has considered all relevant aspects of your property and the local market, contributing to a more accurate evaluation. 6. Discuss the Valuation Methodology Action: Understand the methodology used for the evaluation. Ask the agents to explain the process and the data sources they rely on. Purpose: Knowing the methodology provides insights into how thorough and unbiased the evaluation is. It also helps verify that the agent isn’t undervaluing or overvaluing your property for their own interests. 7. Check for Bias Action: Be wary of evaluations that seem significantly higher or lower than others. Question the agent about any discrepancies. Purpose: Some agents might provide overly optimistic evaluations to secure your business, while others might undervalue your property to facilitate a quick sale. 8. Ensure Transparency Action: Request transparency in the agent’s potential interest in your property. Some agents might offer evaluations with the hope of being hired to list your property. Purpose: Knowing the agent’s intentions can help discern if the evaluation might be biased towards getting them a listing agreement. 9. Seek Independence Action: Consider getting a professional appraisal independently if you require a more unbiased perspective, particularly for unique properties. Purpose: An independent appraiser doesn’t have a vested interest in listing your property and can provide an objective valuation. By taking these steps, sellers can ensure that they receive a comprehensive and unbiased market evaluation, positioning them well to make informed decisions when listing their property. Here's how much more Canadian landlords are asking for now, according to a just-released report A new report says the average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January. ctvnews.ca 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 ... Rents hitting record highs nationally but nearly unchanged in Oshawa, Hamilton and Ontario - report - inDurham | Local Online News Asking rents for all residential property types in Canada remained near record highs in April, averaging $2,188 per month across the country – up 9.3 per cent from March. The situation is not as rosy – as least not for landlords – in Ontario, where rents decreased -0.3 per cent monthly and -0.7 per cent […] durham.insauga.com READ MORE ... 30-year mortgages now available to first-time home buyers on newly built homes | BCIT News bcitnews.com READ MORE ... Surreal Estate: $16.5 million for a mansion off Bayview with a theatre that looks like a spaceship What North York house would be complete without nine bathrooms, a quarry's worth of limestone and a wine cellar that looks like a cave? torontolife.com READ MORE ... Upgrading Your Home? Don’t Waste Your Money on These 7 Renovations msn.com READ MORE ... Environmental Site Assessment: What You Need to Know RE/MAX experts can help guide clients through complex due diligence tasks such as an environmental site assessment. Add a RE/MAX agent to your team today! blog.remax.ca READ MORE ... From Your First Home to Your Dream Home Moving from a starter to your dream home is an exciting journey. It requires patience, planning, and understanding the real estate market. blog.remax.ca READ MORE ... Renters need to make 36% more than in pre-COVID years to afford today's average rent, Zillow says US renters now need to make close to $80,000 to afford typical rent in the US, according to Zillow. ca.news.yahoo.com READ MORE ... CRA rent ruling sows tenant confusion in Ontario Ottawa shouldn't let Canada Revenue Agency go after tenants for their landlord's unpaid taxes, the opposition housing critic said thetrillium.ca READ MORE ... Judge orders Windsor landlords to pay city $30K in legal fees A judge has ordered Windsor landlords to pay the City of Windsor $30,000 in legal fees. windsor.ctvnews.ca READ MORE ... 'DYNAMIC': Ajax and Whitby ranked the fastest-selling real estate markets in GTA with Pickering and Oshawa not far behind Strong demand for various property types. durhamregion.com READ MORE ... Houses are selling fast in these southern Ontario cities | insauga While the red-hot housing market in the GTA (and southern Ontario overall) has cooled off ever-so-slightly from the highs reported during the height of the pandemic, a new report suggests houses in a number of cities are still flying off the market.  According to a report by real estate website and brokerage Zoocasa, data from […] insauga.com READ MORE ... Here's what $800,300 will buy you in nine Ottawa neighbourhoods The aggregate price of a home in Ottawa was $800,300 in the second quarter of this year, according to a new survey. Here's what that will buy you in nine neighbourhoods across Ottawa. ottawa.ctvnews.ca READ MORE ... Is No One Buying Condos in Toronto Anymore? Q1 Sales Down, Developers Get Desperate Toronto condo developers are bracing themselves for a downturn as sales dropped year-over-over for the first quarter of 2024. The thedeepdive.ca READ MORE ... Developer wants to tear down low-rent Toronto apartments for huge condo tower A Toronto apartment building full of comparatively cheap rentals could be torn down to make way for a 45-storey condo tower. Developer Forest Gate ... blogto.com READ MORE ... Someone in Toronto is renting out a makeshift room in their apartment for $800 a month With Toronto's average rent price for a one-bedroom apartment now surpassing a staggering $2,400 a month, more and more questionable listings conti... blogto.com READ MORE ... Investors watch closely as Bank of Canada weighs rate cut timing Investors watch closely as Bank of Canada weighs rate cut timing mpamag.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 ... New Canadian Mortgage Rules To Have Little Impact On Housing: BMO - Better Dwelling Canada dropped some new real estate demand stimulus, in the name of improved affordability. Last week, the Government of Canada (GoC) announced they’ll be extending amortizations for first-time buyers in certain circumstances. There are concerns this will pour gas on the speculative fire that was finally starting to fizzle out. BMO disagrees with that take, […] 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 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

😰 13th May 2024 - Why Saving For A Downpayment Is Next To Impossible In Canada's Major Markets!

💥 Monday 13th May 2024 💥 Master The Art of For Sale By Owner! GTA Real Estate Ignition: Your Daily Hot Market Watch! "Where Wisdom Meets Opportunity: Expert Reports & Fresh Listings!" "GTA Real Estate Ignition: Your Daily Hot Market Watch" is your essential source for firing up your day with the latest trends and critical insights from the Greater Toronto Area's dynamic real estate market. Every morning, we deliver the most urgent updates, hot property listings, and expert market analysis directly to your inbox. Whether you're planning to buy, sell, or simply stay informed, our focused content ensures you're well-equipped to navigate the market effectively. Let "GTA Real Estate Ignition: Your Daily Hot Market Watch" be the spark that drives your real estate decisions, keeping you ahead of the curve in the fast-paced GTA property landscape. How Can Sellers Determine an Accurate Listing Price for Their Property Without Access to Industry Tools and Comparative Market Analysis (CMA)? Setting an accurate listing price for a property without access to industry-specific tools like a Comparative Market Analysis (CMA) can be challenging, but there are several strategies sellers can employ to approximate an appropriate value. Here’s how you can determine a realistic and competitive listing price: 1. Utilize Online Real Estate Platforms Action: Browse real estate listing websites that provide access to current and past listings. Platforms like Zillow, Realtor.com, or Redfin often feature detailed information on properties, including sale prices in specific areas. Purpose: These platforms can give you a sense of the going rates for homes in your area with similar features and conditions. 2. Attend Local Open Houses Action: Visit open houses in your neighborhood to gather information about similar properties on the market. Purpose: This firsthand look will provide insights into the features and conditions of comparable homes and how they are priced. 3. Consult Local Property Tax Records Action: Access public property tax records, which often include information on recent sale prices of homes in your area. Purpose: Although not as up-to-date as a CMA, tax records can still offer valuable historical data that reflects market trends. 4. Analyze Recent Sales in Local Newspapers and Magazines Action: Review the real estate sections of local newspapers and magazines for information on recently sold properties. Purpose: Media sources often report significant real estate transactions and can be a good indicator of market conditions and pricing. 5. Use Basic Online Valuation Tools Action: Use free online home valuation tools provided by real estate websites. Input details about your home to receive an estimated market value. Purpose: These tools use basic algorithms based on publicly available data to provide a rough estimate of what your home might be worth. 6. Get Feedback from Potential Buyers Action: If you are conducting preliminary marketing, such as posting on social media or word-of-mouth advertising, gather feedback regarding the price expectations of potential buyers. Purpose: Direct feedback can help gauge whether your expected price aligns with the perceptions and expectations of potential buyers. 7. Consult Experienced Real Estate Agents Action: Even if you're considering selling by owner, consulting with a few local real estate agents can provide insights. Some might offer a free consultation in hopes of winning your business. Purpose: Real estate agents bring expertise and knowledge of current market conditions, and they can provide a ballpark estimate that helps in setting a realistic price. 8. Consider Professional Appraisal Action: Invest in a professional appraisal from a certified appraiser. Purpose: An appraiser will provide a detailed report on the value of your property based on a thorough inspection and market trends, offering a neutral and professional valuation. By employing these methods, sellers can gather enough information to make an educated guess about the appropriate listing price for their property, even without direct access to professional real estate tools like a CMA. However, remember that market conditions can fluctuate, so it’s important to remain flexible and adjust your expectations as necessary based on market feedback and ongoing research. Why saving for a downpayment is next to impossible in Canada's major markets Robert McLister: When someone earning six-figures can't save fast enough, you know there's a problem ca.finance.yahoo.com READ MORE ... Bank of Canada flags risks from rising interest rates Higher interest rates challenge renters and mortgage holders facing steep payment increases wealthprofessional.ca READ MORE ... Why is Multi-Generational Home Buying on the Rise? And What Are the Benefits of Buying with Family? The multi-generational home buyer is on the rise! stories.td.com READ MORE ... This abandoned Toronto home is $6 million It's unclear how long this Toronto house has been abandoned.  The last time it sold was in 2009 for $1.8 million, and even then, it was being sold ... blogto.com READ MORE ... Landlords sign on to Halifax's new rental registry, tens of thousands of units listed | CBC News The deadline for landlords in HRM to register their rental units under a new bylaw was April 1. So far, 66,590 units have registered. cbc.ca READ MORE ... Rental rates drop in Brampton despite nearly 10% yearly spike across Canada | inBrampton Renters in Brampton got a bit of a break last month compared to other parts of the country with a drop in average rental costs. insauga.com READ MORE ... Here's what you can buy for $727,000 in 9 Ottawa neighbourhoods CTVNewsOttawa.ca looks at what you can buy for $727,000 in nine neighbourhoods across the city of Ottawa. ottawa.ctvnews.ca READ MORE ... Capital Gains Tax Hike Spooks Canadian Cottage Owners Will Canadian cottage owners list their vacation homes, in response to looming changes to the Capital Gain Tax inclusion rate? blog.remax.ca READ MORE ... Three B.C. real estate agents to pay combined penalties of $73K A $40,000 penalty was ordered against an agent who failed to properly conduct a property sale while two penalties were issued against agents who bought and sold a pre-sale condo. biv.com READ MORE ... 3 Crazy Reasons Why People Have Purchased a Second Home For retirees, high-earners or those with substantial savings and investments, buying a second home is not out of the question. People purchase homes for a multitude of reasons -- whether they want to... ca.finance.yahoo.com READ MORE ... Getting Mortgage-Ready: Tips on How to Start the Journey It may feel like it's harder than ever to even consider the possibility of buying a home, particularly when you have limited income or past issues with credit. But there is a path to getting Mortgage-Ready if you are prepared to put in the time and work to begin the journey. stories.td.com READ MORE ... Can more townhouses and apartments address Toronto's housing crisis? | CBC News A plan to allow townhouses and small apartment buildings up to six storeys on major streets across Toronto has been approved by a city committee, but concerns are being raised about its viability as a tool to address the housing crisis. cbc.ca READ MORE ... 'Like a nightmare': Sault tenant frustrated with southern Ontario landlord Repeated calls for upkeep and maintenance have gone unanswered at Wellington Street apartment building since it was sold to numbered company directed by Nels Moxness sootoday.com READ MORE ... April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals. westernwheel.ca READ MORE ... Major London-based mortgage brokerage accused of 'dishonest' practices | CBC News A London mortgage broker with a long history of serving clients across Canada is at risk of losing his license and could face hefty fines following a probe by the Ontario regulator overseeing the industry. cbc.ca READ MORE ... With many Ontario homebuyers on the sidelines, gen Z, immigrants enter the market 8% of new home buyers are born between 1996 and 2012, up from 3% a year ago ca.finance.yahoo.com READ MORE ... This $1.4 million Toronto home has the coolest garage ever On the outside, 149 Gladstone Ave. looks like your typical Beaconsfield Village semi-detached house.  But inside is an explosion of colour and pers... blogto.com READ MORE ... This $8 million Toronto condo is an architectural marvel Back in 2018, a unique Toronto bungalow built in 1944 was one of three homes that was marked for demolition for the 7 Dale Ave. condos.  The group ... blogto.com READ MORE ... This abandoned Toronto home is $6 million It's unclear how long this Toronto house has been abandoned.  The last time it sold was in 2009 for $1.8 million, and even then, it was being sold ... blogto.com READ MORE ... Could rising rates cause a housing and mortgage crisis? Central bank says renewals could lead to hefty payment jumps, strain finances 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