💵 24th July 2024 - Toronto Newcomers Forced To Pay Thousands In Rent Up Front!

💥 Wednesday 24th July 2024 💥 Questions Agents Hate! Hot News Daily: Greater Toronto Real Estate! "Unlocking Real Estate Opportunities: Expert Reports & Fresh Listings!" "Hot News Daily: Greater Toronto Real Estate" is your go-to source for the freshest and most exciting updates in the GTA real estate market. Every day, we deliver the hottest news, trends, and insights, ensuring you're always in the know about the latest developments. From market shifts and investment opportunities to must-see properties and expert opinions, our daily updates cover all the bases to keep you ahead of the curve. Stay informed and make smarter real estate decisions with "Hot News Daily: Greater Toronto Real Estate." Are there any industry-specific secrets or insider tips that REALTORS® may be hesitant to share openly with clients, and how can buyers approach these topics sensitively? While most REALTORS® aim to provide transparent and comprehensive service to their clients, there are certain industry-specific insights or "secrets" that may not always be openly discussed. Here are some of these insights and how buyers can approach these topics sensitively: Industry-Specific Insights Negotiation Tactics: Commission Flexibility: REALTORS® may be willing to negotiate their commission, especially in competitive markets or during slower periods. Motivated Sellers: REALTORS® often know which sellers are highly motivated and might accept lower offers but may not always disclose this upfront to protect their negotiating position. Market Conditions: Upcoming Developments: Information about future developments or zoning changes that could affect property values may not always be fully disclosed. Off-Market Listings: Some properties are sold off-market (also known as pocket listings) and may not be widely advertised. Property Issues: Disclosure of Defects: While REALTORS® are legally obligated to disclose known defects, there might be less obvious issues that they suspect but aren't confirmed. Staging Tricks: The use of staging to hide flaws or enhance the appeal of a property might not be fully explained. Financing Insights: Preferred Lenders: REALTORS® may have preferred lenders who provide them with referrals or incentives, which might not always be the best option for the client. Loan Approval Tips: Specific tips to improve loan approval chances, like the timing of application or handling of credit inquiries, might not be fully shared. Offer Strategies: Multiple Offers: Strategies for dealing with multiple offers or bidding wars, including when to escalate prices and how to craft offers that stand out, might be nuanced and not fully explained. Contingencies: The importance and impact of various contingencies (e.g., financing, inspection) might not be fully emphasized to avoid complicating the transaction. How to Approach These Topics Sensitively Ask Open-Ended Questions: Encourage detailed responses by asking open-ended questions like, “What can you tell me about the negotiation process?” or “Are there any upcoming developments in this area that might affect property values?” Express Your Concerns: Politely express your concerns or areas where you need more information. For example, “I’ve heard that some properties are sold off-market. Do you have any insights on how we might find these opportunities?” Request Full Disclosure: Request comprehensive disclosure about property conditions and market conditions. For example, “Can you provide detailed information on any potential issues with this property?” or “Are there any new developments or zoning changes planned in this area?” Seek Clarification on Recommendations: When your REALTOR® recommends certain lenders, inspectors, or other professionals, ask for the reasons behind their recommendations. For example, “Why do you recommend this lender? Are there specific benefits compared to others?” Inquire About Offer Strategies: Ask for detailed advice on crafting offers and negotiating. For example, “What strategies do you recommend for making a competitive offer in a multiple-offer situation?” Discuss Commission: If you’re comfortable, discuss the commission openly. For example, “Are you open to negotiating your commission? What factors might influence this?” Research Independently: Supplement your REALTOR®’s advice with your own research. Look into market trends, financing options, and property conditions to ask informed questions. Building Trust Communicate Clearly: Build a trusting relationship by being clear about your needs, preferences, and concerns. Transparency: Show your willingness to engage in transparent discussions, which can encourage your REALTOR® to be more open as well. Mutual Respect: Approach sensitive topics with respect and understanding that your REALTOR® has professional constraints and obligations. By asking informed questions, expressing concerns respectfully, and conducting your own research, you can uncover valuable insights that might not be initially disclosed and ensure you make well-informed decisions in your home-buying process. Toronto newcomers forced to pay thousands in rent up front Some newcomers to Toronto’s expensive and competitive rental market say they’re being forced to pay up to a year’s rent in advance to secure a lease. Experts say it may be unfair, but it's not illegal. cbc.ca READ MORE ... 'Harder than anything': Ontario family's mortgage payments to increase by more than $2,000 An Ontario mother said her mortgage payments are about to practically double – translating to more than $2,000 extra per month if interest rates don’t dip on Wednesday – and it’s 'harder than anything' she’s ever faced. toronto.ctvnews.ca READ MORE ... Here are the signs you're ready to downsize your home Amid the cost-of-living crisis, many Canadians are looking to find ways to save money, such as downsizing their home. But one Ottawa broker says there are several signs to consider before making the big decision. ottawa.ctvnews.ca READ MORE ... The Cheapest Houses You Can Buy in July 2024 - HGTV Canada Looking for an affordable new place to live? Check out our cheapest real estate listings across Canada in July! hgtv.ca READ MORE ... Condo and detached homes prices are continuing to rise in the GTA | insauga Recent reports have revealed the current state of the condo and detached home market in southern Ontario, specifically, how inventories are skyrocketing and properties are not selling.   As a result of ongoing trends, real estate experts at Zoocasa have been monitoring fluctuations in the ongoing landscape of stagnant listings.  According to Zoocasa, the results, are […] insauga.com READ MORE ... Rental of the Week: $4,250 for a never-occupied apartment with a pet spa and a Raptors court - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... How do Canadians Define Liveability in Today’s Housing Market? While affordability is a critical component in the home-ownership journey, a new report identifies other liveability factors to consider. blog.remax.ca READ MORE ... ‘A big green light to cut’: What to expect from the Bank of Canada this week - National | Globalnews.ca The Bank of Canada is set for another interest rate decision on Wednesday, with most economists and market watchers betting on another cut. Here's what to expect. globalnews.ca READ MORE ... Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut - Mortgage Rates & Mortgage Broker News in Canada This week’s digest highlights the past week's key mortgage news, including the downward trend in fixed mortgage rates as lenders respond to lower bond yields. canadianmortgagetrends.com READ MORE ... 1 in 4 Vancouver tenants spending more than half their income on rent: report The path to homeownership in Vancouver is becoming increasingly out-of-reach for many renters. bc.ctvnews.ca READ MORE ... B.C. tenant leaves unit smelling of 'animal urine and feces' The landlord's son refused to move in due to the horrible condition of the space. vancouverisawesome.com READ MORE ... London rental crisis: rents in the capital break a new record once again The market remains ‘out of balance and difficult for tenants’ says Rightmove, as charity sounds the alarm over debt ca.news.yahoo.com READ MORE ... What a Bank of Canada rate cut on Wednesday could mean for your mortgage "Some borrowers are going to see more money in their pocket, and some are going to see a little bit of a boost in the equity they're building up." ca.finance.yahoo.com READ MORE ... Industrial Real Estate for Beginners RE/MAX experts have the knowledge and skills you'll need to secure highly sought-after industrial real estate. Get a RE/MAX professional working for you today! blog.remax.ca READ MORE ... Vancouver real estate: most expensive price per square foot Metro Vancouver is home to eight of the top 10 most expensive places to buy a home in Canada, if you're looking at price per square foot. vancouver.citynews.ca READ MORE ... When Renting Beats Buying a House in Canada If you have the discipline to save, here’s the case for renting instead of owning a Canadian home.  morningstar.ca READ MORE ... Rental of the Week: $180,000 a month for a Hamptons-themed Muskoka getaway with a helipad - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... Appalling ad for apartment in Brampton offers free rent for 'friends with benefits' The GTA keeps on living up to its reputation of having steep rent prices for, at times, unliveable housing situations, with yet another "horro... blogto.com READ MORE ... Toronto house being sold for first time is basically a 1960s time capsule Nestled within Toronto's charming Guildwood Village is a home that's been lovingly maintained by the original owners since 1963—talk about dedicati... blogto.com READ MORE ... Canadian Real Estate Won’t Get A Boost From Next Rate Cut: BMO - Better Dwelling The Bank of Canada (BoC) is widely expected to cut its overnight rate this week, but it won’t boost real estate activity. That was the take from BMO Capital Markets, which sees little to no impact from the move. In a research note to investors, the bank explains that bond markets have already priced in […] 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. "Disclaimer: Articles in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here

💼 23rd July 2024 - Getting a Mortgage When Self Employed!

💥 Tuesday 23rd July 2024 💥 Toronto GTA Power Of Sale FREE Listings! Toronto Real Estate Update: Daily Hot Picks! "Your Guide to Real Estate Success: Free Reports & Hot New Listings!" "Toronto Real Estate Update: Daily Hot Picks" brings you the latest and most exciting opportunities in the Greater Toronto Area's dynamic real estate market. Each day, we curate a selection of hot picks, including top listings, market insights, and expert analysis to help you make informed decisions. Whether you're a buyer, seller, investor, or real estate enthusiast, our daily updates ensure you stay on top of the market trends and discover the hottest properties available. Stay informed and ahead with "Toronto Real Estate Update: Daily Hot Picks." What role do real estate agents play in facilitating transactions involving "Power Of Sale Listings," and how can buyers ensure they are represented effectively throughout the process? Real estate agents play a crucial role in facilitating transactions involving "Power of Sale Listings" in Toronto, Ontario, Canada. They help buyers navigate the complexities of purchasing properties that are being sold by lenders due to the borrower's default. Here’s how real estate agents assist in these transactions and how buyers can ensure they are represented effectively: Roles of Real Estate Agents in Power of Sale Listings Market Knowledge and Property Search: Expertise: Agents have in-depth knowledge of the local market and can identify Power of Sale properties that meet the buyer's criteria. Access to Listings: They have access to Multiple Listing Service (MLS) and other databases to find Power of Sale listings that may not be widely advertised. Property Evaluation: Assessment: Agents help buyers assess the condition of the property, which is crucial since Power of Sale properties are often sold "as-is." Comparative Market Analysis: They provide a comparative market analysis (CMA) to determine if the asking price is reasonable based on recent sales of similar properties. Offer and Negotiation: Preparing Offers: Agents prepare and submit offers on behalf of buyers, ensuring that all necessary conditions and contingencies are included. Negotiation: They negotiate with the lender or the lender’s representative to achieve favorable terms for the buyer, such as price, closing dates, and any conditions. Legal and Financial Guidance: Legal Compliance: Agents ensure that all legal requirements and documentation are correctly handled, reducing the risk of issues arising during the transaction. Financial Advice: They can advise on financing options and connect buyers with mortgage brokers or lenders familiar with Power of Sale transactions. Inspection and Due Diligence: Arranging Inspections: Agents can arrange home inspections to uncover any potential issues with the property. Due Diligence: They guide buyers through the due diligence process, including reviewing property history, title searches, and any outstanding liens or taxes. Closing Coordination: Coordinating with Professionals: Agents coordinate with lawyers, mortgage brokers, and other professionals involved in the closing process. Ensuring a Smooth Closing: They ensure all conditions are met and paperwork is completed to facilitate a smooth closing. Ensuring Effective Representation Choose an Experienced Agent: Specialization: Select an agent experienced in handling Power of Sale listings, as they are familiar with the specific challenges and nuances of these transactions. Track Record: Look for agents with a proven track record of successful Power of Sale transactions. Clear Communication: Expectations: Clearly communicate your expectations and requirements to your agent. Regular Updates: Ensure the agent provides regular updates and is responsive to your questions and concerns. Verify Credentials: Licensing: Confirm that the agent is licensed and in good standing with the Real Estate Council of Ontario (RECO). References: Ask for references from past clients who have purchased Power of Sale properties. Understand the Process: Education: Make sure your agent explains the entire Power of Sale process, including any risks and legal implications. Transparency: Ensure the agent is transparent about all potential costs and steps involved. Negotiation Skills: Advocacy: Your agent should be a strong advocate for your interests during negotiations with the lender. Conditions and Contingencies: Ensure that the agent includes appropriate conditions and contingencies in your offer to protect your interests. By choosing a knowledgeable and experienced real estate agent, maintaining clear communication, and understanding the process, buyers can ensure they are effectively represented and make informed decisions when purchasing Power of Sale properties in Toronto, Ontario, Canada. Getting a Mortgage When Self Employed Unlike traditionally employed applicants, self-employed individuals face more scrutiny and complex criteria. blog.remax.ca READ MORE ... This Week’s Top Stories: Canadian Gov Wanted Higher Home Prices For Supply, & It Feels Like A Recession  - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s CMHC Internal Messages Show Housing Supply Narrative Is BS Canadian real estate prices are expensive because of a lack of supply, and building more should fix it—right? That’s been the narrative for years, but it’s not what the CMHC has been […] betterdwelling.com READ MORE ... Will the Bank of Canada cut rates this week? Economists highlight the other indicators that would be considered by the central bank mpamag.com READ MORE ... A downtown apartment for $1,200 a month? Here is one group’s plan on how Toronto can rethink its vacant office space A Canadian think-tank has a plan to keep young people from fleeing urban centres in search of more affordable accommodations. cp24.com READ MORE ... Here are the signs you're ready to downsize your home Amid the cost-of-living crisis, many Canadians are looking to find ways to save money, such as downsizing their home. But one Ottawa broker says there are several signs to consider before making the big decision. ottawa.ctvnews.ca READ MORE ... What Taxes Do You Pay When Selling a House in Ontario? If you're a homeowner and are thinking about listing, here's what you should you know about taxes you pay when selling a house in Ontario. blog.remax.ca READ MORE ... What mortgage shoppers in Canada need to know Mortgage broker Leah Zlatkin talks with Financial Post’s Larysa Harapyn about what homebuyers should consider when shopping for a mortgage in this higher interest-rate environment. Zlatkin, a broker with Mortgage Outlet Inc., outlines the pros and cons on longer amortizations, the best length of term and variable versus fixed rates. Spoiler: A three-year fixed mortgage is looking like a “safe bet.” High cost of housing has young Canadians on the... msn.com READ MORE ... Canadian home prices largely stable, with some smaller communities, 'burbs, and AB seeing increases Annual Price per Square Foot survey looks at prices back to 2018 for almost 50 communities northernnews.ca READ MORE ... Canada's best places to live: The ideal community for every type of buyer Find out which Canadian cities offer the best quality of life for different buyer types. Explore affordable, safe and vibrant communities realestatemagazine.ca READ MORE ... Interest rate cut possible this week in Canada: Economists | insauga Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing. Expectations that the bank will lower its overnight lending rate when it makes its scheduled announcement Wednesday have been high since last week’s release of the latest Statistics Canada […] insauga.com READ MORE ... Toronto quadplex in a century home is on sale for $3 million Multiplexes are such a rare find in Toronto, especially because the city hasn't allowed new ones to be built for forever, and although a recent cou... blogto.com READ MORE ... Markets bet on second Bank of Canada interest rate cut coming this week Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing. ctvnews.ca READ MORE ... Two-thirds of Canadians 'desperately' need interest rates to go down: MNP survey CALGARY - A new survey says the Bank of Canada's recent interest rate cut did little to change Canadians' negative perceptions about their personal finances. pentictonherald.ca READ MORE ... House of the Week: $6.9 million for a reno off Leslie with a jazz bar - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut - Mortgage Rates & Mortgage Broker News in Canada Lenders continued to chip away at their fixed rate pricing over the past week, mirroring the drop in bond yields over the course of the month. Since hitting a recent peak of 3.57% in early July, the Government of Canada 5-year bond yield has fallen by roughly 20 basis points (0.20%). This has led to … canadianmortgagetrends.com READ MORE ... Oshawa, Pickering, Whitby among highest property taxes in the GTA at $12,000 average - INdurham | Local Online News Pickering and Whitby have the highest average property taxes in Durham Region, and most of Ontario, at a whopping $12,000 a year on average. This is according to a new report by real estate tracker Zoocasa released July 22. The report ranked 30 municipalities from across the GTA based on both their tax rate and […] durham.insauga.com READ MORE ... More than 100 new rental homes announced for Whistler, B.C. | CBC News More than 100 new affordable rental homes have been announced for Whistler, B.C., a community that has long struggled with affordable, adequate housing for its many resort workers.  cbc.ca READ MORE ... Comment: Landlords need protection from bad renters We need to tighten up protections for landlords. Most, as I was, are just trying to pay the bills. timescolonist.com READ MORE ... Rent was raised by 24% in this Halifax apartment building after just 6 months; is an anti-competitive computer program to blame? - Halifax Examiner What exactly has McCrae's company done to warrant such an increase? It is the beneficiary of an over-heated market, but it hasn't done anything significant to the building to add value to it. halifaxexaminer.ca READ MORE ... Mississauga has highest property tax hike among southern Ontario cities | INsauga While Mississauga is in the middle of the pack when it comes to property tax rates in the GTA, a new report indicates that property owners in the city saw the biggest year-over-year tax hike in 2024. According to a recent report by real estate website and blog Zoocasa, homeowners in the city saw property […] insauga.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