⏳ 18th June 2024 - Homebuyers Play The Waiting Game!

💥 Tuesday 18th June 2024 💥 FREE Home Evaluation Toronto GTA GTA Real Estate Uncovered: Daily Hot News! "Stay Ahead in Real Estate: Free Reports & Coveted Listings!" "GTA Real Estate Uncovered: Daily Hot News" brings you the most crucial and up-to-date information from the Greater Toronto Area's dynamic real estate market. Each day, uncover the latest market trends, investment opportunities, property highlights, and insider insights that keep you informed and ahead of the curve. Whether you're buying, selling, or simply staying in the know, our daily digest offers the essential news and analysis you need to navigate the ever-changing GTA real estate landscape. Are there any lesser-known factors or data points that REALTORS® consider when conducting a free market evaluation, beyond basic property features and recent sales data? When REALTORS® conduct a free market evaluation, they consider a variety of lesser-known factors and data points beyond the basic property features and recent sales data. These factors can provide a more comprehensive and accurate picture of a property's market value. Some of these lesser-known factors include: Local Market Trends: REALTORS® pay attention to local market conditions, such as the current supply and demand dynamics, price trends, and the rate at which properties are selling. This helps them understand whether the market is favoring buyers or sellers. Neighborhood Quality: The overall quality and reputation of the neighborhood can significantly impact property values. This includes factors like crime rates, school quality, proximity to amenities (parks, shopping centers, restaurants), and the general upkeep of neighboring properties. Future Developments: Planned or ongoing developments in the area, such as new infrastructure projects, commercial developments, or public transportation improvements, can enhance the desirability of a location and potentially increase property values. Seasonal Effects: Real estate markets can be seasonal, with certain times of the year experiencing higher or lower activity levels. REALTORS® consider these seasonal variations when evaluating market conditions. Days on Market (DOM): The average number of days properties in the area spend on the market before selling can indicate the market's competitiveness and buyer demand. A lower DOM suggests a hot market, while a higher DOM may indicate a slower market. Property Condition and Upgrades: REALTORS® assess the condition of the property and any recent upgrades or renovations. Quality and modernity of features like kitchens, bathrooms, and energy-efficient systems can significantly influence market value. Historical Sales Data: Beyond recent sales, REALTORS® look at historical sales data to identify long-term trends in property values and market behavior in the area. Comparative Market Analysis (CMA) Adjustments: REALTORS® make specific adjustments in their CMAs for factors like lot size, view, floor plan, and special features that comparable properties might not have, ensuring a more tailored valuation. Economic Indicators: Broader economic indicators, such as employment rates, interest rates, and economic growth in the region, can impact real estate markets and are considered by REALTORS® when evaluating properties. Zoning and Land Use Regulations: Understanding local zoning laws and land use regulations can affect property value. For example, properties in areas with favorable zoning for future development might be valued higher. Property Tax Assessments: REALTORS® consider current property tax assessments and any potential changes. High property taxes can deter buyers and affect property values. Environmental Factors: Proximity to natural features (like waterfronts, parks) or environmental risks (like flood zones, pollution) can influence property value. Market Sentiment and Buyer Behavior: REALTORS® gauge market sentiment and buyer behavior, including the motivations of current buyers and any shifts in preferences or trends. By considering these lesser-known factors and data points, REALTORS® can provide a more nuanced and accurate market evaluation, helping sellers price their properties competitively and buyers make informed decisions. Homebuyers play the waiting game - RBC Thought Leadership The spring-long stalemate between buyers and sellers stretched into May. Home resales and prices were little changed nationwide, edging lower... thoughtleadership.rbc.com READ MORE ... These two Canadian cities are deemed 'impossibly unaffordable' in new report "There has been a considerable loss of housing affordability in Canada since the mid-2000s," says the report. nationalpost.com READ MORE ... $1 million Toronto house may look like a concrete bunker but it's adorable inside They say not to judge a book by its cover, but sometimes, when the cover looks like a concrete bunker, it's hard to get past first impressions.  An... blogto.com READ MORE ... OSFI doubles down on keeping stress test for uninsured mortgage switches - Mortgage Rates & Mortgage Broker News in Canada The head of Canada's banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. canadianmortgagetrends.com READ MORE ... Canadian Mortgage Delinquencies Rise 24%, Ontario Hits $1 Billion: Equifax - Better Dwelling Canadian households are finally starting to realize why so many agencies warned against borrowing so much debt. A new report from Equifax Canada shows more households are struggling to repay their super-sized debt loads. The agency notes the trend is amplified in more expensive regions, where delinquencies are rising faster than the national average. Even […] betterdwelling.com READ MORE ... Home sales in May down from year ago: Canadian Real Estate Association Canada's real estate market softened further in May as sales and prices of existing homes declined and listings rose. cp24.com READ MORE ... Latest in mortgage news: Borrowers must adapt to 'new normal' of higher rates, says Macklem - Mortgage Rates & Mortgage Broker News in Canada Interest rates may slowly start to be easing around the world, but they won't be returning to pandemic levels and borrowers will need to adjust accordingly. canadianmortgagetrends.com READ MORE ... May was ‘another sleepy month’ for homebuyers. Will a rate cut wake them up? - National | Globalnews.ca The Canadian housing market remained cool in May, but CREA commentators expect the first interest rate cut of the cycle will bring buyers off the sidelines in months to come. globalnews.ca READ MORE ... Seven ways to fix Canada’s housing shortage Here in Ottawa, it’s near it’s all time worst (RBC Economics Report – Outlook on Canadian Housing – April 2024).   obj.ca READ MORE ... Top-selling Sask. realtors faked paperwork to get mortgages approved for clients, police say A fraud scheme involving fake documents used to qualify for a mortgage has been linked to two Saskatoon real estate agents. saskatoon.ctvnews.ca READ MORE ... Home sales slid in May as buyers awaited confirmation of a Bank of Canada rate cut - Mortgage Rates & Mortgage Broker News in Canada Home sales slipped in May and listings continued to build as prospective homebuyers largely remained on the sidelines. canadianmortgagetrends.com READ MORE ... Home sales in May down from year ago: Canadian Real Estate Association The Canadian Real Estate Association says the number of homes sold in May fell compared with a year ago as the average price also moved lower. ctvnews.ca READ MORE ... Taxing times for property owners: impacts of the capital gains tax increase - REM It’s a change that hasn’t been fully considered and another example of the government tinkering with the market and refilling its depleted coffers realestatemagazine.ca READ MORE ... Housing starts in May at Canada's highest level in seven months Ontario and Quebec led the increase in starts, rising 18 per cent and 67 per cent respectively, while housing starts fell 16 per cent in B.C. nationalpost.com READ MORE ... Would-be homebuyers are still staying on the sidelines in Canada. Here's why Typically, the spring and summer months typically see a boom in the Canadian real estate market. However, an economist expects higher interest rates will 'keep a lid on' sales volumes and put 'pressure on housing prices.' ctvnews.ca READ MORE ... Gauging impact of the Bank of Canada's lending rate change - The Mortgage Gal On June 5, the Bank of Canada announced it was dropping its key policy rate. castanet.net READ MORE ... New home construction rose while home sales came down in May | CBC News The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association. cbc.ca READ MORE ... Canada housing starts on the rise Pace quickened in May, says CMHC mpamag.com READ MORE ... Canadian Real Estate Sales Plummet While Inventory Soars - Better Dwelling Canadian real estate is having one of the worst Spring markets on record. Canadian Real Estate Association (CREA) data shows home prices slipped lower in May. Continued weakness is the result of weak demand, which was expected to recover once rates were cut. Unfortunately for sellers, they overestimated how many buyers would appear ahead of […] betterdwelling.com READ MORE ... Canada’s housing market cools again May sees a slowdown in homebuying 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. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here

👨‍👩‍👧‍👦 17th June 2024 - Hoping To Buy Your First Home? It's Getting Harder To Qualify Without Help From Parents!

💥 Monday 17th June 2024 💥 Master The Art of For Sale By Owner! Toronto Real Estate Chronicles: Daily Hot Buzz! "Transform Your Home Journey: Free Reports & Exclusive Listings!" "Toronto Real Estate Chronicles: Daily Hot Buzz" delivers a daily dose of the latest buzz and insights from the vibrant Toronto real estate scene. Stay informed with our curated updates on market trends, property highlights, investment opportunities, and regulatory developments shaping the Toronto market. Whether you're a prospective buyer, seller, investor, or enthusiast, our daily digest keeps you ahead with the hottest topics and news in Toronto real estate, ensuring you're well-equipped to make informed decisions. What Strategies Can Sellers Employ to Effectively Market Their Property FSBO and Attract Qualified Buyers Without the Support of a Real Estate Agent? Selling a property FSBO (For Sale By Owner) can be challenging without the support and resources of a real estate agent. However, here are some strategies sellers can employ to effectively market their property and attract qualified buyers: Price Your Property Competitively: Conduct thorough research to determine the market value of your property. Look at recent sales of similar homes in your neighborhood (comps) and consider the condition and unique features of your property. Pricing competitively from the start can attract more interest and potentially lead to quicker offers. Prepare Your Home for Sale: Make sure your property is in top condition before listing. Clean and declutter each room, make necessary repairs, and consider minor updates or cosmetic improvements that can enhance the appeal of your home. Professional staging can also help showcase the property's potential. Take High-Quality Photos and Videos: In today's digital age, visual presentation is crucial. Take clear, well-lit photos and videos that highlight the best features of your property. Consider using a wide-angle lens to capture more of each room and emphasize natural light. Write Compelling Property Descriptions: Craft detailed and accurate descriptions of your property for online listings. Highlight key features, recent upgrades, and the neighborhood's amenities. Use descriptive language to create a compelling narrative that resonates with potential buyers. Utilize Online Listing Platforms: Leverage popular real estate listing websites and platforms to reach a broad audience of buyers. Websites like Zillow, Realtor.com, and FSBO-specific platforms allow sellers to list their properties and provide exposure to a wide range of potential buyers. Host Open Houses and Showings: Schedule open houses and private showings to allow interested buyers to tour the property. Make sure your home is clean, well-maintained, and staged properly for each showing. Be flexible with scheduling to accommodate potential buyers' availability. Network and Spread the Word: Inform friends, family, neighbors, and colleagues about your property sale. Word-of-mouth referrals can lead to interested buyers within your social circles. Consider using social media platforms to share your listing and engage with potential buyers. Provide Comprehensive Property Information: Create a flyer or brochure that includes essential details about your property, such as square footage, room dimensions, property taxes, HOA fees (if applicable), and any recent upgrades or renovations. Make this information readily available to interested parties. Consider Offering Incentives: To attract more buyers, consider offering incentives such as covering closing costs, providing a home warranty, or including certain appliances or furniture in the sale. These incentives can make your property stand out in a competitive market. Be Prepared for Negotiations: Understand the negotiation process and be ready to respond to offers from potential buyers. Consider seeking legal advice to draft a purchase agreement and ensure all legal aspects of the transaction are handled properly. While selling FSBO requires more effort and attention to detail, these strategies can help maximize exposure and attract qualified buyers to your property without the assistance of a real estate agent. Buying your first home? Qualifying could be hard without help from parents | CBC Radio Help from parents is increasingly becoming a deciding factor in who is able to realize their dream of owning a home and who is not. cbc.ca READ MORE ... This $4 million Toronto home has the most stunning rooftop patio The sun is shining, the birds are chirping, and the weather is above freezing, which means it is patio season in Toronto. And while there are tons ... blogto.com READ MORE ... Make no mistake: The scales have tipped in favour of variable mortgage rates Bank of Canada's recent interest rate cut has tipped the scales in favour of variable mortgage rates. Find out more. cochranetimespost.ca READ MORE ... 3-year versus 5-year mortgage: How to choose your term - MoneySense Interest rates are still high but set to come down, which is a key factor in picking a mortgage right now. Here’s what to think about when choosing between a 3-year and a 5-year term.  Interest rates are still high but set to come down, which is a key factor in picking a mortgage right now. Here’s what to think about when choosing between a 3-year and a 5-year term.  moneysense.ca READ MORE ... How mortgage rates dropping can impact the real estate market Last week’s mortgage rate decrease did little to reduce the payments of mortgages; however, what it did was start the media reporting economists predicting a spike in sales and values increasing. durhamregion.com READ MORE ... This is what a $30 million L.A.-inspired Toronto mansion looks like In 2021, a Toronto mansion at 45 Park Lane Circ. was up for sale and made headlines, largely because of who lives basically next door.  Located on ... blogto.com READ MORE ... RBC sees rise in mortgage delinquencies as 'pockets of stress' emerge in portfolio - Mortgage Rates & Mortgage Broker News in Canada While RBC says most of its clients remain resilient despite higher interest rates and rising payments, the bank acknowledges 'pockets of stress' among select borrowers. canadianmortgagetrends.com READ MORE ... High interest rates mean higher rents. So rate cuts should be good news for tenants, right? Right?! More interest rate cuts are expected over the next year, which mortgage holders welcomed. Renters have less to look forward to. thestar.com READ MORE ... B.C. property manager suspended 1 year, fined $30K for misconduct A B.C. property manager who failed to collect a tenant's security deposit, wrote the wrong address on a tenancy agreement and failed to adequately enforce the property owners' desire to prohibit pets and smoking has been disciplined by the provincial real estate regulator. bc.ctvnews.ca READ MORE ... This Vancouver mansion just hit the market for $48M. Take a look inside. One of Vancouver's "finest private estates" – perched on a Point Grey property with ocean views – has hit the market for the staggering asking price of $48 million. bc.ctvnews.ca READ MORE ... This Week's Top Stories: Canadian Mortgage Problems & Toronto's Unemployment Boom - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Delinquencies Rise 24%, Ontario Hits $1 Billion: Equifax Canada’s credit bubble may finally be reaching its crescendo. Credit rating agency Equifax notes the national mortgage delinquency rate is lower than Q1 2020. However, more expensive regions like BC and Ontario […] betterdwelling.com READ MORE ... Latest in mortgage news: Borrowers must adapt to 'new normal' of higher rates, says Macklem - Mortgage Rates & Mortgage Broker News in Canada Interest rates may slowly start to be easing around the world, but they won't be returning to pandemic levels and borrowers will need to adjust accordingly. canadianmortgagetrends.com READ MORE ... CIBC: Canadians adapt to rising mortgage costs with longer terms High mortgage rates lead to delayed home purchases and extended mortgage terms mpamag.com READ MORE ... RBC: Housing market in limbo as Canadians await cheaper mortgages Bank's report shows sales slump in May as prospective homeowners sit on sidelines mpamag.com READ MORE ... An Ontario company lost its licence to build homes. It’s allegedly doing so anyways | Globalnews.ca Albion Building Consultant Inc., also known as Albion Builders, or simply Albion, had its licence to build and sell homes in Ontario revoked in February 2023. globalnews.ca READ MORE ... This $4 million Toronto home has the most stunning rooftop patio The sun is shining, the birds are chirping, and the weather is above freezing, which means it is patio season in Toronto. And while there are tons ... blogto.com READ MORE ... Ontario home sold at massive $500k loss after 7 failed attempts to sell An Ontario home sold at a devastating loss after multiple failed attempts to sell is the latest window into just how unpredictable prices tend to b... blogto.com READ MORE ... BoC has 'clear path' to 3% interest rate, says CEO Executive says 175 basis points of cuts could be in store by the end of 2025 mpamag.com READ MORE ... First-time buyers can save thousands with CMHC's 30-year mortgages, says Ratehub Lower mortgage insurance premiums for eligible purchasers mpamag.com READ MORE ... Interest rate cuts spark hope for financial relief and housing market activity - REM 65% of Canadians believe lower rates will positively impact their finances, while over 80% expect major purchases, like homes, to become more affordable realestatemagazine.ca READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations 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. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here