📊 12th July 2024 - Canada Housing Market Struggling To Find Rhythm, Says New Report!

💥 Friday 12th July 2024 💥 Toronto Real Estate Fixer Upper - Myths & Facts! Hot Topics Daily: Toronto Real Estate News! "Stay Ahead of the Curve: Free Reports & Exclusive Listings!" "Hot Topics Daily: Toronto Real Estate News" delivers the freshest and most relevant updates from Toronto's bustling real estate market. Every day, we provide you with a curated selection of breaking news, market trends, expert opinions, and must-see properties. Whether you're a buyer, seller, investor, or real estate enthusiast, our daily digest ensures you're always in the loop with the latest developments and opportunities. Stay informed and ahead of the game with "Hot Topics Daily: Toronto Real Estate News." In What Ways Can TV Shows and Media Influence Perceptions of Fixer Uppers, and How Do These Representations Differ from Reality? TV shows and media have a significant influence on public perceptions of fixer-upper properties. While they can inspire viewers and provide valuable insights, they often present a skewed version of reality. Here are some ways in which these representations differ from reality: Ways TV Shows and Media Influence Perceptions Glamorization of the Process Excitement and Drama: TV shows often add drama and excitement to the renovation process, making it seem more glamorous and thrilling than it often is in real life. Before-and-After Transformations: The dramatic "before-and-after" reveals can give the impression that major transformations are always quick and easy. Simplification of Challenges Underestimating Time and Effort: Media often condense weeks or months of work into a single episode, giving the illusion that renovations can be completed swiftly and effortlessly. Overlooking Hidden Issues: Shows might gloss over or downplay the discovery of hidden issues such as structural damage, mold, or faulty wiring. Budget Misrepresentation Unrealistic Budgets: TV shows often have access to discounted materials, sponsored products, and skilled labor at reduced rates, which can lead viewers to underestimate the true cost of renovations. Omitting Unexpected Costs: Many programs don't fully account for unexpected costs, such as permits, inspections, or unforeseen repairs. Professional Expertise Skill Levels: The shows typically feature experienced professionals who can tackle complex tasks efficiently. This can mislead viewers into thinking that they can achieve similar results without professional help. DIY Feasibility: While DIY segments can be inspiring, they might not adequately convey the risks and skill level required for certain projects. Return on Investment (ROI) Exaggerated Profits: Media often highlight successful flips with significant profits, but they may not accurately represent the risks and potential losses involved. Market Conditions: TV shows may not address varying market conditions that can impact the resale value and ROI of fixer-upper projects. Differences from Reality Time and Effort Extended Timelines: In reality, renovations often take much longer than depicted on TV. Delays due to permits, inspections, and unforeseen issues are common. Labor Intensity: The physical and mental effort required for a renovation project is often underrepresented. Managing contractors, coordinating schedules, and dealing with setbacks can be highly stressful. Financial Realities Comprehensive Budgeting: Real-life renovations require detailed budgeting that accounts for all potential costs, including contingencies for unexpected expenses. Financing Challenges: Securing financing for a fixer-upper can be more complex and costly than anticipated, with lenders often requiring detailed renovation plans and cost estimates. Skill and Expertise Professional Help: Many renovation tasks require professional skills and expertise that the average homeowner might not possess. Attempting complex projects without proper knowledge can lead to costly mistakes. Quality of Work: Ensuring high-quality workmanship is crucial for the safety and longevity of the renovation. Cutting corners can lead to serious issues down the line. Stress and Setbacks Emotional Toll: The emotional toll of managing a renovation project can be significant, particularly when unexpected issues arise or timelines are extended. Problem-Solving: Real-life renovations often involve constant problem-solving and decision-making, which can be overwhelming without proper preparation and support. How to Manage Expectations Research Thoroughly Educate Yourself: Learn about the renovation process, potential challenges, and realistic timelines and budgets before starting a project. Consult Professionals: Seek advice from experienced contractors, real estate agents, and financial advisors to get a clear picture of what to expect. Plan and Budget Realistically Detailed Planning: Create a detailed renovation plan and budget, including a contingency fund for unexpected expenses. Cost Estimates: Get multiple quotes for materials and labor to ensure your budget is accurate. Understand Your Limits Know Your Skills: Be honest about your skill level and hire professionals for tasks that require specialized expertise. Safety First: Prioritize safety and quality over cost-saving shortcuts. Prepare for Setbacks Flexibility: Be prepared for delays and setbacks, and maintain flexibility in your timeline and expectations. Emotional Readiness: Understand that renovations can be stressful and require patience and resilience. By being aware of the differences between TV portrayals and reality, potential fixer-upper buyers can better prepare for the challenges and rewards of renovating a property, leading to more successful and satisfying outcomes. Canada housing market struggling to find rhythm, says new report Interest rate cuts fail to spark spring market frenzy mpamag.com Read More ... Would-be Ottawa homebuyers remain on the sidelines following interest rate cut, Royal LePage says Ottawa's real estate market is expected to remain "relatively quiet" through the summer, after the recent interest rate cut by the Bank of Canada did not send would-be homebuyers rushing back into the market, according to Royal LePage. ottawa.ctvnews.ca Read More ... Listing of the week: This remote wilderness lodge in Kawartha Lakes comes with a bonus property This off-grid nine-bedroom, nine-bathroom wilderness lodge has three buildings on the property, plus an additional property nearby. cottagelife.com Read More ... Rentals in Brampton see slight price jump as Canadian average drops from record-high | inBrampton The average asking rent across Canada took a tumble after last month’s record-high rate, but the typical Brampton rental still saw a price jump in June. insauga.com Read More ... Developer charges slashed up to 25% for rental builds to meet province's housing goals in Brampton | inBrampton Companies looking to build in Brampton will soon get a break to their bottom line when the city reduces its development charge rates - a move that could have taxpayers making up the difference. insauga.com Read More ... 15% of Montreal tenants experienced bout of homelessness, survey shows cbc.ca Read More ... 'The tale the market tells': An update on Canada's real estate markets Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand. ctvnews.ca Read More ... Canada real estate: Home prices continue to rise despite slumping sales, says Royal LePage Royal LePage said the national aggregate price of a home increased 1.9 per cent on an annual basis to $824,300 in the second quarter of 2024. ca.finance.yahoo.com Read More ... Canadian Real Estate Has Young Adults & Immigrants Considering A Move  - Better Dwelling Canadian policymakers created a bigger issue than the one they tried to solve with population growth. A new survey from Angus Reid found that 1 in 4 households are seriously considering leaving their province due to housing costs. Two key demographics are feeling the lion’s share of the pressure—young adults and recent immigrants. The problem […] betterdwelling.com Read More ... Canadians' top neighbourhoods for quality of life and liveability: Re/Max  Discover the best Canadian neighbourhoods for quality of life and learn why Alberta and Manitoba cities are leading the way in liveability realestatemagazine.ca Read More ... Cottages, burial plots and jewelry: How the capital gains tax changes affect property other than your home Here are some of the lesser-known ways the capital gains tax might apply to you, and expert tips for navigating the tax. ctvnews.ca Read More ... Interest rate cut hasn't led to rush of homebuyer demand yet: Royal LePage report Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand. cp24.com Read More ... The results are in: June’s rate cut didn’t revive Canada’s housing market | Globalnews.ca Hopes that an interest rate cut from the Bank of Canada in June would bring homebuyers off the sidelines did not materialize, sales figures show. globalnews.ca Read More ... 7,200 Torontonians didn't get utility bills. Now, the city is replacing all its water meter transmitters | CBC News The City of Toronto says it has to replace all its 470,000 water meter transmitters after 30 per cent of them broke and thousands of people didn't receive bills. cbc.ca Read More ... Canadian Real Estate Has Young Adults & Immigrants Considering A Move  - Better Dwelling Canadian policymakers created a bigger issue than the one they tried to solve with population growth. A new survey from Angus Reid found that 1 in 4 households are seriously considering leaving their province due to housing costs. Two key demographics are feeling the lion’s share of the pressure—young adults and recent immigrants. The problem […] betterdwelling.com Read More ... Breaching home purchase contract backfires on BC buyers Court ruling enforces contract terms after buyers fail to secure financing mpamag.com Read More ... These Toronto neighbourhoods were just called some of the best places to live in Canada The best neighbourhoods in Toronto will vary depending on who you ask, especially when you factor in their lifestyle, budget, and preferred mode of... blogto.com Read More ... Here's one more key sign that Toronto's real estate market is in distress right now Those who somehow haven't given up the hope of owning a home in Toronto may be calmly waiting on the sidelines until further Bank of Canada rate cu... blogto.com Read More ... Toronto apartment rents are now the cheapest they've been in almost two years The average Toronto rental cost slid to a 22-month low in June, some welcome news for prospective renters amid a spiralling cost of living situatio... blogto.com Read More ... This $4 million Toronto home has interiors that are magazine-worthy Architectural Digest probably isn't actually looking for write-in suggestions of homes it should feature, as it has an entire editorial team that f... blogto.com Read More ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations 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

🏢 11th July 2024 - Record Listings In Toronto's Condo Market, But Families Still Struggle To Find Suitable Homes!

💥 Thursday 11th July 2024 💥 Divorce And Real Estate - FREE Report! Toronto Real Estate Highlights: Daily Hot Picks! "Expert Tips & Hot Listings: Free Home Reports Inside!" "Toronto Real Estate Highlights: Daily Hot Picks" brings you the most exciting and essential updates from the Greater Toronto Area's real estate market. Each day, we curate a selection of the top properties, latest trends, and expert insights to keep you informed and ahead in this dynamic market. Whether you're buying, selling, investing, or simply fascinated by real estate, our daily highlights provide you with the critical information you need to make well-informed decisions. Stay in the know with "Toronto Real Estate Highlights: Daily Hot Picks" and never miss a beat in Toronto's vibrant real estate scene. What Are the Potential Pitfalls and Challenges That Arise When Selling Real Estate Assets During Divorce, and How Can Couples Mitigate Them? Selling real estate assets during a divorce can be a complex and emotionally charged process. It involves not only the logistical and financial aspects of selling a property but also the need to navigate the interpersonal dynamics between the divorcing parties. Here are some potential pitfalls and challenges, along with strategies for mitigating them: Potential Pitfalls and Challenges Emotional Stress and Conflict Emotional Attachments: One or both parties may have strong emotional attachments to the property, complicating the decision to sell. Communication Breakdown: High levels of stress and conflict can impede effective communication and cooperation. Disagreement on Property Value and Sale Terms Valuation Disputes: Parties may disagree on the property’s value or the appropriate listing price. Sale Terms: Conflicts may arise regarding the terms of the sale, including the timing, pricing, and acceptance of offers. Financial Complications Mortgage Responsibilities: Disagreements about who should continue paying the mortgage and other related expenses during the sale process. Division of Proceeds: Conflicts over how the proceeds from the sale should be divided. Market Timing Market Conditions: Selling in a down market can lead to financial losses, while waiting for better conditions might delay the divorce settlement. Time Constraints: The need to sell quickly can impact the ability to secure a fair price. Legal and Logistical Hurdles Legal Requirements: Navigating the legal requirements for selling property during a divorce, including obtaining necessary consents and approvals. Logistics of Selling: Coordinating property showings, negotiations, and closings amidst the divorce process. Impact on Children Stability Concerns: Selling the family home can be particularly disruptive for children, adding to the emotional burden. Custody Issues: The sale of the home may affect custody arrangements or the children’s living situation. Strategies for Mitigating Challenges Seek Professional Guidance Real Estate Agent: Hire a real estate agent experienced in handling sales during divorce. They can provide objective advice and facilitate communication. Legal Counsel: Ensure both parties have legal representation to navigate the legal complexities and protect their interests. Mediators: Consider engaging a mediator to help resolve conflicts and reach agreements amicably. Obtain a Neutral Property Appraisal Fair Valuation: Agree to a neutral third-party appraisal to establish an unbiased value for the property, reducing valuation disputes. Multiple Appraisals: If necessary, consider obtaining multiple appraisals and averaging the results to reach a consensus. Set Clear Financial Agreements Interim Agreements: Establish clear agreements on who will be responsible for ongoing mortgage payments, property taxes, and maintenance costs during the sale process. Division Plan: Outline a detailed plan for how the proceeds from the sale will be divided, including any deductions for expenses or debts. Communicate Openly and Respectfully Effective Communication: Maintain open and respectful communication to facilitate cooperation and reduce misunderstandings. Regular Updates: Keep each other informed about the progress of the sale and any offers received. Consider Market Conditions Strategic Timing: If possible, consider market conditions and aim to sell during a favorable market to maximize proceeds. Contingency Plans: Develop contingency plans in case the property doesn’t sell quickly, such as renting it out temporarily. Minimize Disruption to Children Stable Environment: Aim to provide a stable and predictable environment for children throughout the process. Custody Considerations: Factor in the impact of the property sale on custody arrangements and strive to minimize disruption. Draft a Comprehensive Settlement Agreement Detailed Agreement: Ensure the divorce settlement agreement clearly outlines the process for selling the property, including responsibilities and timelines. Contingency Clauses: Include contingency clauses for potential disputes or delays in the sale process. Leverage Professional Mediators Conflict Resolution: Use professional mediators to facilitate discussions and resolve disagreements, helping to reach mutually acceptable solutions. Neutral Perspective: Mediators can provide a neutral perspective and suggest creative solutions that might not be apparent to the parties involved. By proactively addressing these potential pitfalls and challenges, divorcing couples can navigate the sale of their real estate assets more smoothly and with less conflict, ultimately leading to a more equitable and less stressful resolution. Record listings in Toronto's condo market, but families still struggle to find suitable homes In the midst of a raging housing crisis, Toronto’s real estate market is suddenly inundated with a record number of homes that nobody wants to buy. The city’s condo market has had a surge in listings, yet a critical shortage of multi-bedroom units, leaving a significant segment of buyers — families — underserved. According to the Toronto Regional Real Estate Board (TRREB) , condo sales in Toronto fell by 28 per cent in June compared to last... msn.com Read Now ... An Oshawa home’s value dropped $800,000 in two years: Owners bought for $2.55 million in March 2022, sold in power of sale for $1.75 million in May 2024 Owners bought in March 2022 at height of real estate market with low interest rates; borrowed $1.4 million and lender stepped in after payment default durhamregion.com Read Now ... N.S. woman spends most of her income on rent, says it’s ‘impossible’ to get help | Globalnews.ca A Halifax woman says the Nova Scotia government rejected her rental assistance application despite 64 per cent of her monthly income being spent on housing. globalnews.ca Read Now ... Vancouver rentals still most expensive in Canada The latest rental data from Rentals.ca shows Vancouver and Burnaby are still the most expensive places in Canada to rent a home. vancouver.citynews.ca Read Now ... Rental market cooling after three years of growth in Burlington, Oakville, Milton | insauga The slowdown of the real estate market is starting to be felt in rentals as well in Burlington, Oakville, Milton and Halton Hills. According to the June National Rent Report from Rentals.ca and Urbanation, the average ask for rental properties decreased by 0.8 per cent from May, and the annual growth slowed to seven per […] insauga.com Read Now ... Mississauga second-most expensive Ontario city in which to rent | INsauga Renters in Mississauga face the second-highest rates in Ontario, according to the latest report. insauga.com Read Now ... Here's how much it costs to rent an apartment in Ottawa Statistics from Rentals.ca and Urbanation shows the average cost to rent a purpose-built apartment or condominium in Ottawa was $2,179 in June, down from $2,190 in May. ottawa.ctvnews.ca Read Now ... Canadian rent price growth slows to lowest level in 13 months - Mortgage Rates & Mortgage Broker News in Canada In June, the average rent price in Canada rose 7% year-over-year, marking the slowest growth rate in 13 months. canadianmortgagetrends.com Read Now ... Oshawa cheapest GTA city for tenants, costing tenants $700 less than Toronto average - INdurham | Local Online News While it was recently reported that renters pay a lot less than homeowners in Oshawa and other parts of southern Ontario, it appears that tenants in the city pay less than renters in the GTA overall.  According to liv.rent’s July 2024 Toronto Rent Report, Oshawa is–and has been for some time–the most affordable GTA municipality. […] durham.insauga.com Read Now ... Average asking rent in Canada up 7% from a year ago, even as price growth slows | CBC News The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca. cbc.ca Read Now ... Rental rates in Windsor below average in Canada: report A new report suggests Windsor's average rental rates are below the average across Canada. windsor.ctvnews.ca Read Now ... Best Neighbourhoods in Toronto (2024) RE/MAX explores the best neighbourhoods in Toronto, and across Canada, in this latest edition of the Liveability Report. blog.remax.ca Read Now ... Rental of the Week: $6,000 for a converted Roncesvalles garage inspired by Brooklyn - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com Read Now ... Analysis: Why London is losing its lustre for out-of-town homebuyers Recent population data shows fewer people are coming to London from other parts of Ontario and the city is also starting to lose people lfpress.com Read Now ... This multimillion-dollar Toronto house hasn't been on the market since the 70s The last time 7 Lumley Ave. was on the market, Pierre Trudeau was Prime Minister, and Canada was playing the USSR in hockey.  Now, the USSR doesn't... blogto.com Read Now ... More and more townhouse developments around Toronto are going into receivership If you're looking for signals that the Toronto area's real estate market is not faring well, there are far more than the dismal sales totals, the s... blogto.com Read Now ... Finding the perfect hire: Tips for building your real estate dream team Struggling to find the right talent? Discover essential strategies for hiring top-notch team members who can elevate your real estate... realestatemagazine.ca Read Now ... Why Does Toronto Have a Record Number of Condos for Sale During a Housing Shortage? The number of condos available for sale in the Toronto real estate market has reached another new record high — so will this surge ease our housing shortage? Move Smartly July 2024 market report by John Pasalis of Realosophy Realty movesmartly.com Read Now ... Are Canadians still willing to apply for a solo mortgage? Report reveals homebuyer sentiment amid affordability struggles mpamag.com Read Now ... Is the Toronto market shifting in favour of buyers? New listings are continuing to surge in the city mpamag.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. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here