💧 6th Aug 2024 - Home Collapses; Over $640,000 Awarded Due To Water Damage From Neighbouring Property!

💥 Monday 5th August 2024 💥 11 Home Inspection Pitfalls - FREE Report! Toronto Real Estate Daily: Hot News Brief! "Elevate Your Home Search: Free Reports & Desirable Listings!" "Toronto Real Estate Daily: Hot News Brief" delivers a focused, concise summary of the most significant developments in Toronto's real estate market each day. Our newsletter brings you the latest market trends, notable property updates, and key insights, ensuring you're always informed about the hottest news and emerging opportunities in the Toronto real estate scene. Stay up-to-date with our daily brief and make informed decisions with confidence. What Are the Often-Undiscussed Challenges of Conducting Home Inspections in Extreme Weather Conditions? Conducting home inspections in extreme weather conditions can present several unique challenges that are often not discussed. These challenges can impact the accuracy of the inspection and the overall assessment of the property. Here are some of the key issues: 1. Limited Visibility and Access Snow and Ice: Snow and ice can obscure important aspects of the property, such as the roof, gutters, and foundation. This can prevent inspectors from thoroughly examining these areas. Heavy Rain: Heavy rain can create flooding around the property, making it difficult to assess drainage systems and potential water damage. 2. Impaired Functionality Heating Systems: In cold weather, heating systems are often running continuously, which can mask issues like uneven heating or furnace malfunctions. Air Conditioning: In extreme heat, air conditioning units may be overworked, which can obscure issues with the cooling system's efficiency or functionality. 3. Safety Concerns Slippery Surfaces: Snow, ice, and rain create hazardous conditions that can make it difficult for inspectors to move safely around the property, particularly on roofs and walkways. Structural Integrity: Extreme weather can affect the structural integrity of the property, such as causing damage to the roof or foundation. Inspectors need to be cautious of additional risks while assessing these areas. 4. Equipment and Tools Tool Limitations: Cold temperatures can affect the performance of some tools and equipment used in inspections, such as moisture meters or infrared cameras. Weatherproofing Issues: Inspectors may face challenges with weatherproofing equipment and ensuring that electronic tools are protected from adverse weather conditions. 5. Property Conditions Moisture Issues: In extreme weather, properties may exhibit symptoms of moisture issues, such as condensation or mold growth, which can be more difficult to identify and assess. Exterior Wear and Tear: Extreme weather can exacerbate existing wear and tear on exterior surfaces, such as siding or paint, which may need a closer examination. 6. Accuracy of Findings Temporary Conditions: Weather-related conditions may create temporary issues that do not reflect the property's usual state. For example, ice dams might temporarily cause leaks that are not present in milder weather. Seasonal Variations: Some issues may only become apparent in specific weather conditions, making it challenging to get a complete picture of the property’s condition. Mitigation Strategies Schedule Flexibility: When possible, schedule inspections for times when weather conditions are more favorable, or plan for follow-up inspections to address any issues obscured by extreme weather. Detailed Documentation: Inspectors should document all observed issues thoroughly, noting any weather-related factors that might affect their findings. Enhanced Safety Measures: Ensure that all safety protocols are in place to protect both the inspector and the property. This may include using appropriate footwear, equipment, and weatherproofing for tools. Follow-Up Recommendations: Provide recommendations for additional inspections or assessments once weather conditions improve, particularly for areas that were inaccessible or difficult to assess. By being aware of these challenges and implementing appropriate strategies, inspectors can better navigate the difficulties posed by extreme weather conditions and provide a more accurate and comprehensive assessment of the property. Home collapses; over $640,000 awarded due to water damage from neighbouring property Learn about the duty of care between neighbours and the potential consequences of failing to prevent property damage realestatemagazine.ca Read Now ... Thirty year terms for newly built homes in Canada may help some people - Mortgage Matters The federal government has rolled out new mortgage regulations. Effective Aug. 1, and aimed at addressing the housing crisis and improving affordability for prospective homebuyers of newly-built homes, they can now extend their mortgage term to 30 years, up from the previous 25-year amortization for an insured mortgage. castanet.net Read Now ... This epic $19 million Ontario mansion features private waterfalls and lakes Not all the epic mansions are in The Bridle Path; in fact, many aren't even in Toronto.  Like 15466 The Gore Rd., which is in Caledon, but is just ... blogto.com Read Now ... Housing correction in Toronto could end up becoming 'one of the deepest of the past half a century,' RBC warns A housing correction which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market could end up becoming 'one of the deepest of the past half a century,' a new report from RBC warns. toronto.ctvnews.ca Read Now ... New landlord takes possession of building which housed former drop-in centre after tenant defied eviction notice - Kamloops News The Loop drop-in centre for the homeless was officially shuttered on Saturday by new landlord, realtor Brendan Shaw, after tenant Glenn Hilke defied an eviction notice deadline two days earlier. castanet.net Read Now ... What You Should Know About Renewing a Rental Lease Agreement Landlords should understand when it makes sense to renew or terminate a rental lease. Weigh pros and cons and discover tips on negotiating a new lease. mysmartmove.com Read Now ... Rent prices for this apartment type in Toronto just dropped for the first time in years Rent prices in Toronto may finally be easing somewhat, but the typical spot in the city will still run you about a costly $2,600 a month, making th... blogto.com Read Now ... Helping clients prevent costly surprises: How to avoid water damage and maintain insurance coverage Help clients prevent costly home damage while on vacation. Find out how to detect and prevent water leaks to avoid expensive repairs realestatemagazine.ca Read Now ... Ontario landlord blasted for bizarre tenant rules including '$20 fee' for overnight guests With the average rent for a one-bedroom apartment in Toronto now creeping well beyond the $2,400 mark, it's becoming more and more difficult to fin... blogto.com Read Now ... How to Buy a Home with No Down Payment If you're wondering how to buy a home with no down payment, there are a few options to explore in Canada. Read on to learn more. blog.remax.ca Read Now ... This $800,000 Toronto bungalow looks like the set of That '70s Show If you're into that retro 70s interior design style, you have to check out this house.  It is kind of magical how it looks like it came right out o... blogto.com Read Now ... This Week's Top Stories: Canadian Credit Demand Collapses, & Toronto's Negative Cash Flow Investors - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Credit Demand Is Rapidly Collapsing Despite Population Growth Canadian households aren’t borrowing, which may indicate that they’re weaker than they appear. Annual household credit growth advanced 3.4% in May, just 0.2 points above the cycle’s low hit in October 2023. The […] betterdwelling.com Read Now ... Canada Is Seeing 359 Consumers File For Insolvency Per Day BEFORE Recession - Better Dwelling Canadian consumers are known for their resilience, but that luck might be running out. Office of the Superintendent of Bankruptcy (OSB) filings show consumer insolvencies had one of the biggest June’s on record. A sudden surge of consumer insolvencies over the past year has the annual volume at the third-largest peak on record, and the […] betterdwelling.com Read Now ... Canadian Credit Demand Is Rapidly Collapsing Despite Population Growth - Better Dwelling Canadians aren’t acting like themselves and it may be a sign of a more concerning trend brewing. Bank of Canada (BoC) data shows annual household credit growth decelerated in May. Just off multi-decade lows, despite cheaper credit on the way, households are pulling back on borrowing. The low growth for borrowing is even more concerning […] betterdwelling.com Read Now ... This $800,000 Toronto bungalow looks like the set of That '70s Show If you're into that retro 70s interior design style, you have to check out this house.  It is kind of magical how it looks like it came right out o... blogto.com Read Now ... Rising home prices this year: Northern Ontario and the Prairies lead the way Get insights into the Canadian housing market in 2024. Learn about the cities with the most notable price increases realestatemagazine.ca Read Now ... Could Canada’s housing market wind up like Europe’s? Experts weigh in Explore the potential risks facing Canada's housing market. Will it follow the same path as Europe? Experts share their insights realestatemagazine.ca Read Now ... 10 apartment rental websites in Toronto you need to use for your next search Apartment rental website in Toronto will be in high demand the next time you're house hunting or are just looking for some laughs and screams.  Her... blogto.com Read Now ... This $22 million Mississauga mansion comes with its own private nightclub If you're looking for a home that quite literally has it all, this $22 million Mississauga home might just be the place for you. 2275 Doulton Drive... blogto.com Read Now ... Canadian Credit Demand Is Rapidly Collapsing Despite Population Growth - Better Dwelling Canadians aren’t acting like themselves and it may be a sign of a more concerning trend brewing. Bank of Canada (BoC) data shows annual household credit growth decelerated in May. Just off multi-decade lows, despite cheaper credit on the way, households are pulling back on borrowing. The low growth for borrowing is even more concerning […] betterdwelling.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

🔄 2nd Aug 2024 - How changes to the Home Buyers’ Plan could affect your down payment!

💥 Friday 2nd August 2024 💥 Book Your FREE Consultation! Daily Hot Trends: Greater Toronto Real Estate! "Your Pathway to Property Success: Expert Reports & New Listings!" "Daily Hot Trends: Greater Toronto Real Estate" brings you the latest and most crucial updates from Toronto's real estate market. Every day, our newsletter highlights key market trends, emerging opportunities, and notable shifts, offering you a concise yet comprehensive snapshot of the GTA real estate landscape. Stay ahead of the curve with our expert-curated insights and keep your finger on the pulse of Toronto's dynamic property market. How do real estate agents tailor their free consultations to meet the unique needs and goals of different clients, such as first-time buyers, investors, or those looking to sell their property? Real estate agents tailor their free consultations to meet the unique needs and goals of different clients by adopting customized approaches based on the client's specific situation and objectives. Here’s how they typically approach consultations for various types of clients: 1. First-Time Home Buyers Education and Guidance: Real estate agents provide education on the home buying process, including explaining terms and procedures. They often discuss pre-approval for mortgages, the importance of home inspections, and the closing process. Budgeting and Affordability: Agents help first-time buyers understand what they can afford, including discussing potential costs beyond the purchase price, such as closing costs, property taxes, and maintenance. Neighborhood and Property Selection: They assist in identifying suitable neighborhoods and properties based on the buyer's preferences, lifestyle needs, and budget constraints. 2. Real Estate Investors Market Analysis: Agents provide detailed market analysis, including data on property values, rental yields, and market trends. This helps investors identify high-potential areas for investment. Investment Strategy: They discuss different investment strategies, such as buy-and-hold, fix-and-flip, or rental properties, and provide advice on how to optimize returns. Property Evaluation: Agents help investors evaluate potential properties based on investment criteria like cash flow, ROI, and potential for appreciation. 3. Sellers Market Valuation: Agents offer a comparative market analysis (CMA) to determine the property's market value and suggest a competitive listing price. Marketing Strategy: They outline a comprehensive marketing plan, including staging, professional photography, and online listings, to attract potential buyers. Selling Process: Agents explain the selling process, including preparing the home for showings, negotiating offers, and managing closing procedures. 4. Buyers and Sellers of Luxury Properties Exclusive Listings: For clients interested in luxury properties, agents may provide access to exclusive listings and off-market opportunities. Personalized Services: They offer tailored services such as private showings, concierge-style support, and personalized market insights to meet the high expectations of luxury buyers and sellers. 5. Downsizers or Relocators Transition Planning: Agents help clients who are downsizing or relocating by providing solutions for selling their current home and finding a new property that fits their changed needs. Local Insights: For relocators, agents offer insights into new neighborhoods, including schools, amenities, and community features. 6. Those Facing Unique Circumstances (e.g., Divorce, Estate Sales) Sensitivity and Expertise: Agents handle consultations with sensitivity, especially when dealing with personal circumstances like divorce or estate sales. They provide expert advice on how to navigate complex emotional and legal aspects of selling a property under these conditions. Legal and Financial Considerations: They discuss potential legal and financial implications and recommend working with legal and financial professionals if needed. General Best Practices Personalization: Agents customize their approach based on a thorough understanding of the client's specific needs, goals, and preferences. Active Listening: They listen carefully to clients' concerns and objectives to provide relevant advice and solutions. Clear Communication: Agents ensure that all information provided during the consultation is clear and understandable, addressing any questions or concerns the client may have. By adopting these tailored approaches, real estate agents can effectively meet the diverse needs of their clients and help them achieve their goals in the real estate market. How changes to the Home Buyers’ Plan could affect your down payment - MoneySense What’s new with the HBP? You can now borrow up to $60,000 from your RRSP to buy your first home. Here’s how to use the HBP and other savings tools. What’s new with the HBP? You can now borrow up to $60,000 from your RRSP to buy your first home. Here’s how to use the HBP and other savings tools in Canada. moneysense.ca READ MORE ... Ontario homes keep selling at notable losses but experts say market should rebound soon A well-supplied Ontario housing market throughout the spring and early summer meant that potential home buyers benefitted from increased choice and... blogto.com READ MORE ... This quaint Toronto home with retro interiors hasn't been on the market since 1957 If you've been dying in this summer heat and dreaming of a pool, then this Toronto home at 49 Allenby Ave. might just be your dream come true.  Thi... blogto.com READ MORE ... Canadian mortgage rates hit 17-month low amid BoC rate cuts The rate cuts have pushed mortgage rates to their lowest in 17 months, affecting housing markets differently across the country wealthprofessional.ca READ MORE ... February home sales dipped 3.1% while prices stayed flat, CREA says February home sales dipped to 3.1 per cent while home prices stayed flat from the previous month, according to the Canadian Real Estate Association. msn.com READ MORE ... Toronto Condo Market Slowdown: Sales Fall, Listings Surge in Q2 2024 The Toronto condo market experienced a notable decline in the second quarter of 2024, with sales dropping nearly 20% compared to the same period last year. According to recent data from the Toronto… thedeepdive.ca READ MORE ... New mortgage rules in effect for first-time buyers of new builds The federal government's new mortgage rules allowing new buyers more time to pay off their mortgage has come into effect starting today. chch.com READ MORE ... This historic mansion with a rum-running past isn't selling. Here's what's being done to lure a buyer | CBC News The owner and Realtor selling Windsor's Low-Martin mansion are trying some unconventional techniques to market the house, which has remained up for sale more than two years.  cbc.ca READ MORE ... Rising home prices is top concern for buyers Interest in interest rates is waning as ever-higher home prices are increasingly top of mind for buyers in Canada, a new survey shows. Count local buyers among them, says one Calgary realtor. “It’s frustrating for a lot of first-time buyers,” says Mark Neustaedter, real estate agent with eXp Realty in Calgary. The largest group of buyers in most markets in Canada, first-time buyers are increasingly challenged to afford a home not solely due to... msn.com READ MORE ... Liberal plan for 30-year mortgage amortizations kicks in. Here’s who qualifies - National | Globalnews.ca Some first-time homebuyers will now be able to extend amortizations on their insured mortgages out to 30 years. Here's what experts say about the affordability impact. globalnews.ca READ MORE ... New report suggests Canadian households are turning to 'creative solutions' to get into housing market More than 20 per cent of Canadians would consider purchasing a home with a family member in order to break into the housing market, according to a new report by Re/Max. toronto.ctvnews.ca READ MORE ... How early should sellers prep their homes for sale? A step-by-step guide to maximize property appeal Increase your chances of a successful home sale with proper prepping. Find out when to start the process and how to maximize the property realestatemagazine.ca READ MORE ... Will longer-term mortgages help or hurt first-time home buyers? - Dan in Ottawa As of Aug. 1, the federal government will change mortgage regulations. Prime Minister Justin Trudeau has stated: “that means you can buy your first home sooner." castanet.net READ MORE ... Nearly a year after tougher rules for illegal listings took effect, Quebec hasn't fined Airbnb | CBC News Almost a year after legislation meant to force short-term rental platforms to take action against unauthorized tourist accommodations took effect, rental giant Airbnb has yet to incur any fines — despite the continued presence of illegal listings on its site.  cbc.ca READ MORE ... City mulls $10K incentive program to encourage residents to build additional rental units in their homes Public will be invited to share feedback on the proposed program, followed by a public meeting cambridgetoday.ca READ MORE ... Brampton landlord group continuing fight against city’s rental licensing program Some Brampton landlords are still unhappy and concerned about the city’s new residential rental licensing pilot program and continue to call for council to reconsider its decision to proceed with it. bramptonguardian.com READ MORE ... First-time homebuyers can now apply for a 30-year mortgage. Is that a good thing? | CBC News New mortgage rules announced in the 2024 federal budget are kicking in Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off their mortgages. cbc.ca READ MORE ... A historical look at the Bank of Canada’s rate cuts: Will they boost the housing market? How do Bank of Canada rate cuts affect the real estate market in Canada? Find out how falling mortgage rates impact home prices and market. realestatemagazine.ca READ MORE ... Bank of Canada's policy interest rate could dip to 3.75 per cent by late 2024 By the end of 2024, the Bank of Canada's policy interest rate could be 1.25 per cent lower than the recent peak rate of 5 per cent. This is accordi... blogto.com READ MORE ... Windsor student says he's on the verge of homelessness because of soaring rental prices Damon Farnworth-McCorkle shares an apartment with his sister, and says their rent was just increased to a number they simply cannot afford. The 24-year-old Windsor student says he lives off of $600 per month from Ontario Works, and now his sister is moving out. "I've got two months to either pick up the lease on this apartment that I'm currently living in or I'm on the verge of homelessness," said Farnsworth-McCorkle. He says with high rent and few vacancies in Windsor, he may have no other choi ca.news.yahoo.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