🧱 9th Aug 2024 - Tenant doesn’t pay $41,000 in rent for Toronto condo but owner can’t evict her yet!

💥 Friday 9th August 2024 💥 From Listing To Closing: 9 Step System! Hot Headlines: Greater Toronto Real Estate! "Stay Ahead in the Housing Market: Free Reports & Fresh Listings!" "Hot Headlines: Greater Toronto Real Estate" brings you the most important and timely updates from the GTA real estate market every day. This daily newsletter curates the top stories, market trends, expert analyses, and notable property listings, ensuring you stay informed about the ever-evolving real estate landscape. Whether you're a buyer, seller, investor, or simply interested in the market, "Hot Headlines" provides the insights and information you need to make well-informed decisions. Stay ahead in the competitive GTA real estate market with "Hot Headlines: Greater Toronto Real Estate." Can sellers anticipate any unexpected costs or expenses between listing their property and closing the sale, and how can they budget effectively to cover these potential expenses? Yes, sellers can anticipate several unexpected costs or expenses between listing their property and closing the sale. Effective budgeting and planning can help manage these costs. Here are some common unexpected costs and strategies for budgeting effectively: Common Unexpected Costs for Sellers Pre-Listing Repairs and Upgrades: Cost: Making necessary repairs or cosmetic upgrades to make the property more appealing to buyers can be costly. Tip: Conduct a pre-listing inspection to identify and address issues early. Allocate a budget for minor repairs and aesthetic improvements. Staging Costs: Cost: Professional staging can help sell a home faster and at a higher price, but it comes with a fee. Tip: Consider DIY staging or partial staging to save costs while still enhancing the home’s appeal. Professional Photography and Marketing: Cost: High-quality photos and marketing materials are crucial for attracting buyers. Tip: Budget for professional photography and consider investing in premium online listings or virtual tours. Agent Commissions: Cost: Real estate agent commissions typically range from 5% to 6% of the sale price. Tip: Factor this commission into your overall selling costs. Negotiate the commission rate with your agent if possible. Concessions to Buyers: Cost: Sellers may need to offer concessions, such as paying for some of the buyer’s closing costs or providing a home warranty. Tip: Be prepared to negotiate and include potential concessions in your budget. Closing Costs: Cost: Sellers are responsible for certain closing costs, which may include title insurance, escrow fees, and transfer taxes. Tip: Request a detailed estimate of closing costs from your agent or attorney early in the process. Utility and Maintenance Costs: Cost: Sellers must continue to pay for utilities, lawn care, and routine maintenance until the property is sold. Tip: Include ongoing utility and maintenance expenses in your budget until the closing date. Holding Costs: Cost: If the property doesn’t sell quickly, you may incur additional mortgage payments, property taxes, and insurance costs. Tip: Estimate the average time on the market for similar properties in your area and budget for holding costs accordingly. Unexpected Repairs After Inspection: Cost: Buyers may request repairs or credits for issues discovered during their home inspection. Tip: Allocate a contingency fund for post-inspection repairs or negotiate credits instead of making repairs. Moving Costs: Cost: Moving expenses can add up, especially if hiring professional movers. Tip: Obtain quotes from multiple moving companies and factor these costs into your budget. Effective Budgeting Strategies Create a Detailed Budget: List all potential expenses, both expected and unexpected, from the pre-listing phase to the closing date. Be as detailed as possible to avoid surprises. Build a Contingency Fund: Set aside a contingency fund (typically 5% to 10% of the expected sale price) to cover unforeseen expenses that may arise during the selling process. Get Estimates Early: Obtain estimates for repairs, staging, photography, and moving costs early to better plan your budget. Consult with Your REALTOR®: Your REALTOR® can provide valuable insights into typical costs and help you create a realistic budget based on your property and local market conditions. Negotiate Fees and Costs: Negotiate commissions, repair costs, and any buyer concessions to keep expenses within your budget. Monitor Your Budget Regularly: Track your expenses throughout the selling process and adjust your budget as needed to stay on track. Plan for Holding Costs: If you anticipate a longer selling period, plan for additional holding costs such as mortgage payments, property taxes, and insurance premiums. By anticipating these potential costs and budgeting effectively, sellers can avoid financial surprises and ensure a smoother, more predictable selling process. Tenant doesn’t pay $41,000 in rent for Toronto condo but owner can’t evict her yet | Globalnews.ca A Brampton couple bought a condo as an investment for their retirement but are frustrated they can't evict a tenant who they say owes them thousands of dollars in unpaid rent. globalnews.ca READ MORE ... Montreal home sales surge 12% in July, defying national trends - Mortgage Rates & Mortgage Broker News in Canada Montreal defied the national trend of stagnant home sales, recording a 12% increase in sales in July. canadianmortgagetrends.com READ MORE ... GTA’s housing market revives with increased sales & listings yet declining prices persist Find out about the changing dynamics of the GTA housing market in July 2024. Explore the rise in home sales, new listings, and how they... realestatemagazine.ca READ MORE ... Hamilton-Burlington area inventories rise as sales ease and prices soften: CAR Get the latest market stats for the Hamilton-Burlington area. Find out how home sales and listings are performing this month realestatemagazine.ca READ MORE ... Toronto condo sells at $320,000 loss A 37th-floor luxury condo in the heart of Toronto’s entertainment district that sold for a $320,000 loss is an example of a condo market that hasn’t been this tough in decades, Realtors and observers say. toronto.ctvnews.ca READ MORE ... Over 80 per cent of Toronto-area homes are selling below asking price The Greater Toronto Area real estate market is in turmoil with a glut of homes on the market and houses across the region selling at shocking losse... blogto.com READ MORE ... What's going on in Canada's condo markets? An expert shares her insights What's going on in Canada's condo market? An expert spoke with CTV's Your Morning about when is a good time to buy. ctvnews.ca READ MORE ... Laneway Suite of the Week: $2.2 million for an upside-down Harbord Village home with a rooftop shower - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... Canada’s housing markets look for deeper rate cuts to ramp up activity - RBC Thought Leadership The Bank of Canada’s interest rate cuts in June and July likely marked a turning point for struggling housing markets... thoughtleadership.rbc.com READ MORE ... Canadian rent growth hits two-year low with 5.9% annual rise in July - Mortgage Rates & Mortgage Broker News in Canada Average rents across Canada were up an annualized 5.9% in July, marking the slowest pace of growth in nearly two and a half years. canadianmortgagetrends.com READ MORE ... Own a cottage? Act now to reduce the sting of capital gains tax changes Sponsor Content theglobeandmail.com READ MORE ... Average asking rent drops in Vancouver, but remains highest in Canada: report Vancouver and Burnaby have topped a ranking of the most expensive places to find rental housing in Canada. bc.ctvnews.ca READ MORE ... Rent increases are slowing across Canada – and especially in London Rents in London grew at a slower pace in July than they did across the country, which in turn posted its slowest growth in more than two years, the latest snapshot of the Canadian rental market shows. lfpress.com READ MORE ... Canadian rent growth slows, but some cities see big increases Rents in Canada rose 5.9 percent in July, with notable increases in Halifax and prairie cities despite overall slower growth wealthprofessional.ca READ MORE ... Here's how much it costs to rent in Ottawa in August The average rent in Ottawa is up by 1.5 per cent for a one bedroom apartment and 1.2 per cent for a two bedroom apartment since last month, according to Rentals.ca. ottawa.ctvnews.ca READ MORE ... Rental rates fall in Oshawa, with prices for one-bedroom units dropping the most - INdurham | Local Online News While rental rates are up across Canada, prospective tenants looking to buy in Oshawa might be relieved to hear that unit prices are down from last month. According to Rentals.ca and Urbanation’s latest National Rent Report, the price of a one-bedroom unit in the Durham Region city hit $1,863 in July, down 4.3 per cent […] durham.insauga.com READ MORE ... Toronto Real Estate Prices Fall Further, Most Inventory Since 2008 - Better Dwelling Swing and a miss—strike two for interest rates boosting Greater Toronto real estate demand. Toronto Regional Real Estate Board (TRREB) data shows home prices slipped lower in July. Despite a narrative of rapid population growth, demand remains historically weak as sellers appear in near record high volumes for the month, only to find one of […] betterdwelling.com READ MORE ... Canada's Bank Regulator Delays Standard Risk For Capital Minimums - Better Dwelling One country’s discreet bailout is another country’s financial crisis, and that’s why Basel III was rolled out. The series of banking supervision measures are designed to improve banking resilience, with the latest measure designed to set minimum capital using a standard approach to risk. Canada was set to begin adopting the rules this year, but […] betterdwelling.com READ MORE ... Toronto house slated for demolition now transformed into a surreal wonderland A group of artists has come together to give a house a last hurrah before it is demolished to make way for a new residential development. Led by ar... blogto.com READ MORE ... This half-gutted Toronto house sold in just three days While all signs point to Toronto's real estate market being in a coma, with housing sales taking longer than ever, there are still some shenanigans... 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

😟 8th Aug 2024 - 'I Don’t Know Where To Go': Toronto Renters Scramble To Find Affordable Housing As Landlords Hike Rent, Undo ‘COVID Discounts’

💥 Thursday 8th August 2024 💥 Quick Easy Fix-Ups: FREE Report! Daily GTA Real Estate Hot Picks! "Unlock Real Estate Insights: Free Reports & Prime New Listings!" "Daily GTA Real Estate Hot Picks" is your go-to source for the most exciting and noteworthy property updates in the Greater Toronto Area. Each day, we curate a selection of top listings, market trends, and insightful analyses to keep you ahead in the real estate game. Whether you're buying, selling, or simply staying informed, our daily hot picks offer invaluable insights and opportunities in the ever-evolving GTA real estate market. Stay connected and make smart moves with our expertly curated daily updates. What DIY Techniques Exist for Quick Easy Fix-Ups That Tackle Common Interior Design Dilemmas? Tackling common interior design dilemmas with DIY techniques can be an effective and cost-efficient way to enhance the appeal and functionality of your home. Here are some quick and easy DIY fixes for common interior design issues: 1. Updating Lighting Replace Old Fixtures: Swap outdated light fixtures with modern designs to instantly refresh a room. Add Dimmers: Install dimmer switches to control lighting levels and create different moods. Use LED Bulbs: Switch to energy-efficient LED bulbs for better lighting quality and reduced energy costs. 2. Refreshing Walls Paint: A fresh coat of paint can transform a space. Choose light, neutral colors to make rooms feel larger and more inviting. Accent Walls: Create an accent wall with a bold color or pattern to add interest and depth to a room. Wall Decals and Stencils: Use removable wall decals or stencils to add patterns and designs without committing to permanent changes. 3. Maximizing Storage Floating Shelves: Install floating shelves to create extra storage and display space without taking up floor area. Under-Bed Storage: Utilize the space under beds with storage bins or drawers for items like shoes, clothing, or linens. Hooks and Pegboards: Add hooks or pegboards in entryways, kitchens, or bathrooms for organizing everyday items. 4. Improving Furniture Reupholster Furniture: Refresh old chairs or sofas with new fabric or slipcovers. Paint or Stain Wood Furniture: Give wooden furniture a new lease on life with a coat of paint or stain. Add New Hardware: Update furniture pieces by replacing old knobs and handles with modern hardware. 5. Enhancing Windows Install New Curtains or Blinds: Choose window treatments that complement your decor and provide privacy and light control. Add Window Film: Apply decorative window film for added privacy and style without blocking natural light. 6. Improving Flooring Area Rugs: Use area rugs to define spaces, add color, and protect flooring. Peel-and-Stick Tiles: Update floors or backsplashes with peel-and-stick tiles that are easy to install and remove. Refinish Hardwood Floors: Sand and refinish hardwood floors to restore their original beauty. 7. Optimizing Space Multi-Functional Furniture: Invest in furniture pieces that serve multiple purposes, such as a sofa bed or an ottoman with storage. Room Dividers: Use room dividers or curtains to create distinct areas in open-plan spaces. Mirror Placement: Place mirrors strategically to reflect light and make rooms appear larger. 8. Updating Fixtures and Hardware Replace Faucets: Update bathroom and kitchen faucets with modern designs. Switch Plates and Outlet Covers: Change out old switch plates and outlet covers for new ones to give a polished look. Cabinet Hardware: Refresh kitchen and bathroom cabinets with new knobs and pulls. 9. Personalizing Decor Gallery Walls: Create a gallery wall with framed photos, artwork, and decorative items. DIY Artwork: Make your own artwork or crafts to personalize your space. Plants and Greenery: Add indoor plants to bring life and color to your home. 10. Fixing Minor Issues Fill Nail Holes and Cracks: Use spackle or wood filler to repair small holes and cracks in walls and woodwork. Tighten Loose Screws: Regularly check and tighten screws in furniture, cabinets, and fixtures to prevent damage. Caulking and Sealing: Re-caulk bathrooms, kitchens, and windows to prevent water damage and improve insulation. By addressing these common interior design dilemmas with quick and easy DIY techniques, you can significantly improve the look and feel of your home without a substantial investment. 'I don’t know where to go': Toronto renters scramble to find affordable housing as landlords hike rent, undo ‘COVID discounts’ As inflation is on the rise, Toronto landlords are fighting hard to increase rents in the post-COVID world, leaving many tenants distraught. ca.news.yahoo.com Read More ... Calgary home sales decline 10% in July from last year, prices rise: board - Mortgage Rates & Mortgage Broker News in Canada The Calgary Real Estate Board says July home sales dropped 10% year-over-year as 2,380 properties were sold. canadianmortgagetrends.com Read More ... Toronto condo sales are tanking — but asking prices aren’t budging. Here’s why In June condo sales fell 29 per cent year-over-year, but prices only declined by 0.9 per cent, according to the Toronto Regional Real Estate Board. wellandtribune.ca Read More ... Toronto home sales – the latest New figures released from real estate board mpamag.com Read More ... Over 100,000 short-term rentals in Canada could be long-term homes: StatsCan report | CBC News A new report shows the number of short-term rental listings in Canada increased more than 60 per cent between 2017 and 2023, with the highest growth in B.C. and Ontario. The report identified more than 100,000 short-term rentals that could be homes. cbc.ca Read More ... New program could see homeowners incentivized for adding units The City of Cambridge is looking at a program that would incentivize property owners to build additional residential units. kitchener.citynews.ca Read More ... Vancouver startup revolutionizes condo and townhome assessment with AI-powered tool Save time and improve your negotiating position with an efficient and transparent condo and townhome assessment tool powered by AI. realestatemagazine.ca Read More ... Matt Spoke: Stop the demonization—foreign buyers are critical to a functioning real estate industry in Canada thehub.ca Read More ... Unpacking Multiplexes: Expert insights and networking event! Learn from industry leaders and connect with like-minded individuals at the Unpacking Multiplexes event on August 22, 2024. realestatemagazine.ca Read More ... Another Ontario home sold at staggering loss after multiple failed attempts to sell Although home sales in the GTA were up last month compared to the same time last year, buyers continued to benefit from more choice in the real est... blogto.com Read More ... Bracing for impact: What the current market volatility means for mortgage brokers and borrowers - Mortgage Rates & Mortgage Broker News in Canada It's amazing what a couple of days can do to the human psyche. canadianmortgagetrends.com Read More ... House prices go down again in Mississauga as the market cools | INsauga While house prices are certainly not what they were 10 years ago, the dramatic climbs we’ve seen over the past few years seem to have tapered off in Mississauga. Recent data released by the Toronto Regional Real Estate Board indicates that home prices dropped 5.5 per cent in Mississauga from June 2024 to July 2024, […] insauga.com Read More ... 5 of the most expensive homes sell for under $4M in Mississauga in July | INsauga Real estate activity has been sluggish this summer in Mississauga and many of the most expensive properties are selling for under the asking price. insauga.com Read More ... Toronto still has a record glut of homes sitting on the market but prices are only going up Toronto's real estate market has been relatively dead in the water for some months compared to the city's usual red-hot reputation, but selling pri... blogto.com Read More ... The after-effect of market lows: a drop in fixed mortgage rates - MoneySense Some investors might look at their portfolios, but Canadians getting a mortgage (or renewing one) should keep an eye on fixed mortgage rates. Here’s why. moneysense.ca Read More ... The downside of financings from the Bank of Mom and Dad Home purchases financed by the Bank of Mom and Dad have made housing less affordable for those without family support. Find out more. communitypress.ca Read More ... Greater Toronto home sales up in July from last year, listings jump The Toronto Regional Real Estate Board says home sales in July were up from last year but down from a month earlier, while listings jumped. toronto.ctvnews.ca Read More ... London property manager flags uptick in false documents in tenant applications | CBC News The owner of a London, Ont., property management firm says the city's tight rental market means prospective tenants need to work a bit harder, with updated and accurate documents in their rental applications. cbc.ca Read More ... Toronto Real Estate Prices Fall Further, Most Inventory Since 2008 - Better Dwelling Swing and a miss—strike two for interest rates boosting Greater Toronto real estate demand. Toronto Regional Real Estate Board (TRREB) data shows home prices slipped lower in July. Despite a narrative of rapid population growth, demand remains historically weak as sellers appear in near record high volumes for the month, only to find one of […] betterdwelling.com Read More ... Essential Guide to Avoiding Debt Relief Scams Canadian consumer debt is on the rise — and so are debt relief scams. Learn how to spot potential scams, and what to look for in a debt relief consultant.   rbcroyalbank.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