👩‍👧 3rd Sep 2024 - Ontario Mother Still Paying Rent, Despite Not Being Able To Live In Mouldy Home!

💥 Tuesday 3rd September 2024 💥 Extra Home Buying Costs - FREE Report! Daily Hot Flash: Toronto Real Estate Buzz! "Empower Your Home Search: Expert Reports & Premier Listings!" "Daily Hot Flash: Toronto Real Estate Buzz" delivers a rapid, concise update on the latest developments in Toronto’s real estate market. Each day, we highlight the most significant trends, hot properties, and market movements, ensuring you have the most current and relevant information at your fingertips. From urgent news flashes to key insights, our daily buzz keeps you connected to the pulse of Toronto's dynamic real estate landscape. Perfect for anyone looking to stay ahead in the market, this newsletter is your essential guide to Toronto's hottest real estate opportunities. Are There Circumstances Where Homebuyers Might Face Unexpected Costs After a Successful Home Inspection? Yes, even after a successful home inspection, homebuyers can encounter unexpected costs. Here are some common scenarios where additional expenses might arise: 1. Post-Inspection Issues Hidden Problems: Some issues may not be apparent during the inspection, such as hidden mold, structural problems, or plumbing issues that only become evident after the purchase. Deferred Maintenance: The home inspection might reveal deferred maintenance items that were not addressed by the seller, leading to additional costs for repairs. 2. Changes in Property Conditions Weather-Related Damage: Weather events (like heavy rains or storms) can cause unexpected damage or exacerbate existing issues after the inspection. Utility Costs: Utility systems such as heating, cooling, and water may reveal inefficiencies or issues only after extended use. 3. Unforeseen Repairs Renovations: Plans for future renovations or upgrades might reveal additional costs once work begins. For example, you might find that older wiring needs to be replaced or that the home requires additional insulation. Pest Infestations: Sometimes, pest issues like termites or rodents are discovered after purchase, leading to unexpected treatment and repair costs. 4. Additional Inspections or Assessments Specialized Inspections: If the general inspection uncovers concerns, you might need to hire specialists (e.g., mold experts, structural engineers) for more detailed assessments, which can lead to additional costs. Environmental Tests: Tests for radon, lead, or other environmental hazards may be required if initial inspections raise concerns. 5. Legal and Compliance Issues Building Code Violations: If the home has code violations or unpermitted work, you may need to address these issues to bring the property into compliance. Title Issues: Problems with the property's title, such as unresolved liens or disputes, can result in legal fees and additional costs to resolve. 6. Move-In Costs Immediate Repairs: You may need to address issues immediately upon moving in, such as fixing broken appliances, repairing damaged floors, or updating outdated fixtures. Safety Improvements: Making the home safe for children or pets may require additional expenses, such as installing safety gates, securing railings, or updating locks. 7. Insurance and Taxes Higher Insurance Costs: Some homes, especially those in high-risk areas (e.g., flood zones), may have higher insurance premiums than anticipated. Property Taxes: Unexpected changes in property tax assessments can also impact your overall budget. Mitigation Strategies: Budget for Contingencies: Set aside a portion of your budget for unexpected costs and repairs. A common recommendation is to reserve 1-3% of the home's purchase price for potential issues. Review the Inspection Report Thoroughly: Carefully review the home inspection report and discuss any concerns with your inspector to understand potential future issues. Obtain Seller Disclosure: Ensure the seller provides a disclosure statement detailing known issues with the property. Consider a Home Warranty: A home warranty can provide coverage for certain repairs or replacements, offering additional peace of mind. By being proactive and prepared for potential unexpected costs, you can better manage your homebuying experience and address issues that may arise after the inspection. Ontario mother still paying rent, despite not being able to live in mouldy home | Daily Guardian A Cambridge, Ont. woman has been renting a home for six months but hasn’t been able to live in it. dailyguardian.ca READ MORE ... Lawyer couple found in contempt of court in real-estate fraud case | CBC News Toronto lawyers Nicholas Cartel and Singa Bui, accused of embezzling nearly $7 million from real estate clients, have been found in contempt of court for failing to answer questions about where the money went. cbc.ca READ MORE ... Outrage after Ontario landlord rents out room with four beds side by side A Brampton landlord is facing heated backlash on social media for advertising a basement apartment packed with four mattresses side by side, with m... blogto.com READ MORE ... FIRST PERSON | I split with my husband 15 months ago. Calgary's hot rental market means we still share a roof | CBC News When Tammy Nelson split with her husband, she tried to move on and start a life of her own. But Calgary's expensive rental market means they're still sharing a roof and she's looking for other ways to gain that sense of freedom. cbc.ca READ MORE ... Three Toronto apartment buildings around for almost a century for sale at $17 million Three four-storey apartment buildings in Toronto's The Beaches neighbourhood just hit the market, and they're actually surprisingly nice.  Normally... blogto.com READ MORE ... Average rents in St. Catharines down 1.4 per cent in July year-over-year: Report Canada-wide rents experienced a 0.2 per cent month-over-month increase and a rather modest 3.5 per cent year-over-year increase. Photo Credit: iStock.  The average one-bedroom rent in St. Catharines was down 0.9 per cent month-over-month to $1,713 in July 2024, according to the latest Rentals.ca market update. One-bedroom rents are also down 1.4 per cent year-over-year […] niagaraindependent.ca READ MORE ... This Week's Top Stories: Canada Slows Population Growth, & Toronto New Home Demand Tanks - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Government Spending Now 80% of GDP Growth  Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations. However, the details were less flattering with […] betterdwelling.com READ MORE ... This $3.75 million Toronto condo has a huge terrace and its own private sauna While 1181 Queen St. might have the most expensive condos per square foot compared to all the others in the neighbourhood, there's a reason for tha... blogto.com READ MORE ... As interest rates trend down, could housing get more affordable? Forecasters are expecting further Bank of Canada interest rate cuts, but does that mean it's a good time to buy or sell a home? Real estate analyst Jason Mercer shares his predictions with CTV Your Morning. ctvnews.ca READ MORE ... Tight rental market continues to squeeze already cash-strapped London students | CBC News Students near Fanshawe College and Western University tell CBC News the market for student-friendly rentals that are both affordable and close to school feels as if it's shrinking. cbc.ca READ MORE ... A Constance Bay homeowner drew a line in the sand. Is it legal? | CBC News A fence that runs across the sand and into the water at a Constance Bay beach colloquially known as The Point has some questioning whether waterfront property owners have the legal right to build structures on the shorelines that front their properties. cbc.ca READ MORE ... Realtors Are Throwing in the Towel: TRREB Membership Drops for First Time in Years as Market Cools The Toronto Regional Real Estate Board (TRREB) saw its first year-over-year membership decline since at least 2016, with 1,363 fewer members in July 2024.  Scott Ingram, a TRREB member and cha… thedeepdive.ca READ MORE ... Canadian home sales down 0.7% in July, CREA data shows OTTAWA (Reuters) - Canadian home sales fell 0.7% in July from June, and rose 4.8% on an annual basis, data from the Canadian Real Estate Association (CREA) showed on Thursday. The industry group's home price index edged up 0.2% on the month and fell 3.9% on an annual basis, while the national average selling price was almost unchanged for the year. (Reporting by Promit Mukherjee; Editing by msn.com READ MORE ... Yet another Ontario home sold at significant loss as market hits a 'pause' Despite some momentum in Canada's housing market this summer, national home sales hit a pause in July, according to the Canadian Real Estate Associ... blogto.com READ MORE ... How far will fixed mortgage rates fall in Canada? Don't expect a return to the rates of the pandemic mpamag.com READ MORE ... Bank of Canada to be more aggressive with rate cuts, economists say Central bank set to accelerate rate drops as inflation eases mpamag.com READ MORE ... Canadians balk at rising homebuying costs and mortgage barriers Survey reveals that more Canadians are putting off homeownership plans mpamag.com READ MORE ... Three Toronto apartment buildings around for almost a century for sale at $17 million Three four-storey apartment buildings in Toronto's The Beaches neighbourhood just hit the market, and they're actually surprisingly nice.  Normally... blogto.com READ MORE ... Canadian Government Spending Now 80% of GDP Growth  - Better Dwelling Canada’s economy is expanding, but the details are worth reviewing before getting too excited. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew more than expected in Q2 2024. A dive into the details shows productivity further eroded on a per capita basis, while household spending weakened. Most growth is now government […] betterdwelling.com READ MORE ... BC mortgage market: What's in store for the rest of 2024? Falling interest rates have raised hopes of a market resurgence mpamag.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations Info & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | 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

🍂 30th Aug 2024 - Why A Surge In Housing Inventory Makes Autumn ‘Ideal’ For Buying!

💥 Friday 30th August 2024 💥 FREE Report - Stop Paying Your Landlord's Mortgage! GTA Real Estate Today: Hot Daily Scoop! "Maximize Your Home Investment: Free Reports & Exclusive Listings!" "GTA Real Estate Today: Hot Daily Scoop" keeps you updated with the latest and most critical developments in the Greater Toronto Area real estate market. Each day, we provide a concise roundup of the hottest news, market trends, and emerging opportunities. From standout property listings to significant market shifts, our daily scoop ensures you stay informed and ahead in Toronto’s vibrant real estate scene. Whether you're a buyer, seller, or investor, this is your go-to source for actionable insights and timely updates. What steps can individuals take to educate themselves about the homebuying process and empower themselves to make informed decisions about homeownership? Educating yourself about the homebuying process is crucial for making informed decisions and ensuring a successful purchase. Here are key steps you can take to empower yourself: 1. Research the Homebuying Process Read Guides and Articles: Start with reputable homebuyer guides and articles to understand the basics of the homebuying process, including financing, property search, offers, and closing. Books and E-Books: Consider reading books dedicated to real estate and homeownership for in-depth knowledge. 2. Attend Homebuyer Workshops and Seminars Local Workshops: Look for local homebuyer workshops or seminars offered by real estate agencies, financial institutions, or community organizations. These events often provide valuable insights and practical advice. Online Webinars: Many organizations offer online webinars and virtual workshops on homebuying topics. 3. Consult with Real Estate Professionals Real Estate Agents: Meet with a REALTOR® to discuss your needs, learn about the local market, and understand the homebuying process from a professional perspective. Mortgage Brokers: Speak with a mortgage broker or lender to get a clear understanding of your financing options and what you can afford. 4. Understand Your Finances Credit Score: Check your credit report and score to understand your financial standing. This will help you qualify for better mortgage rates. Budgeting: Create a budget to determine how much you can afford for a down payment, monthly mortgage payments, and other homeownership costs. 5. Research Local Market Conditions Market Trends: Research local real estate market trends, including property values, neighborhood dynamics, and market conditions in your desired area. Neighborhood Research: Investigate neighborhoods to understand factors like safety, amenities, schools, and future development plans. 6. Learn About Mortgage Options Types of Mortgages: Understand the different types of mortgages available, such as fixed-rate, adjustable-rate, and government-backed loans (e.g., FHA, VA). Pre-Approval: Obtain pre-approval for a mortgage to determine your budget and show sellers that you are a serious buyer. 7. Get a Home Inspection Home Inspection Basics: Learn about the importance of home inspections and what to expect during the inspection process. Inspectors: Choose a qualified home inspector to assess the property's condition and identify any potential issues. 8. Review Legal Aspects Real Estate Contracts: Familiarize yourself with common real estate contract terms and conditions. Consider consulting a real estate lawyer to review documents and ensure your interests are protected. Disclosure Requirements: Understand disclosure requirements for sellers and your rights as a buyer. 9. Network with Homeowners Join Online Forums: Participate in online forums or social media groups related to homeownership and real estate to learn from others' experiences. Speak with Friends and Family: Talk to friends or family members who have recently purchased homes to get their insights and advice. 10. Utilize Online Tools and Resources Mortgage Calculators: Use online mortgage calculators to estimate monthly payments and compare different loan options. Real Estate Websites: Explore real estate websites for property listings, market trends, and neighborhood information. 11. Stay Informed Follow Market News: Stay updated with real estate news and trends to remain informed about changes in the market that could impact your homebuying decisions. Professional Development: Consider ongoing education opportunities related to real estate and personal finance. By taking these steps, you can build a solid foundation of knowledge, make informed decisions, and navigate the homebuying process with confidence. Posthaste: Why a surge in housing inventory makes autumn ‘ideal’ for buying New listings in Ontario are up 15% as prices dip nearly 2% ca.finance.yahoo.com READ MORE ... Canada to Allow 30-Year Mortgages for First-Time Homebuyers Canada is set to introduce 30-year amortization periods for first-time homebuyers, offering new opportunities for affordable homeownership. Read how this change in mortgage terms could impact the housing market and benefit prospective buyers. gta-homes.com READ MORE ... Here's how much you can make renting your basement in and around Toronto The fact that Toronto rent prices are easing up ever so slightly doesn't really mean much given that we're still the third-priciest place for tenan... blogto.com READ MORE ... Here's how much you can earn renting a basement in Mississauga, Brampton, Oakville and the GTA | insauga As homeowners struggle with increased mortgage costs, many might consider renting their basement for some extra income. insauga.com READ MORE ... Calgary among best condo markets for investors in Canada Calgary is likely to be on Toronto real estate investors’ radar more thanks to a recent report showing the city is among the more lucrative markets in Canada where average rent exceeds the mortgage cost when purchasing the average-priced condominium. “Alberta’s largest cities were among top cities in the report with Edmonton at No. 1 and Calgary in sixth,” says Tarek Hageahmad, realtor with eXp Realty in Calgary. The study by Zoocasa, a national... msn.com READ MORE ... This abandoned Toronto house hasn't been on the market since 1951 While homebuyers usually need a salary of at least $208,950 to buy the average house in Toronto, you won't need that much to buy 35 Via Italia.  Th... blogto.com READ MORE ... Spotlight: A reverse mortgage does not mean that you are giving away your home and the equity in it Reverse mortgages have come a long way over the years especially with more competition and options! Discover the benefits of a reverse mortgage or a 5-year mortgage payment pause to give you financial peace of mind while you maintain the remaining equity in your home guelphtoday.com READ MORE ... Stunning Edwardian mansion in Toronto is for sale at $4 million There are many beautiful houses in Toronto's The Annex neighbourhood, but every once in a while, one comes along that fully captivates us.  Today, ... blogto.com READ MORE ... Young Canadians prioritize homeownership over traditional milestones: RBC/Houseful Discover why young Canadians prioritize homeownership despite the challenges of the housing market and affordability issues realestatemagazine.ca READ MORE ... Canadians Shifting Their Post-Crisis Home-Buying Priorities, New Research Finds RE/MAX identified three primary shifts among buyers in the Canadian real estate market: neighbourhood safety, age of homes and 'work & walk.' blog.remax.ca READ MORE ... Navigating tenanted real estate sales - Housewise I decided to take a bit of a break from small towns this week and speak about the changes just made in the ever-evolving real estate landscape of British Columbia. castanet.net READ MORE ... Why Cottages for Sale on PEI Are Your Perfect Getaway Cottages for sale on PEI are often situated in stunning locations, surrounded by breathtaking natural beauty. blog.remax.ca READ MORE ... Homes sold in Oshawa and Ajax make most affordable homes list - INdurham | Local Online News A two-bedroom home backing onto a city park in Oshawa was the most affordable home sold in the GTA this month, according to real estate company Zoocasa. The home at 171 Nassau Street, which backs onto Brick-by-Brick Park, just south of downtown, sold August 23 – just three days after listing – for $565,000. The […] durham.insauga.com READ MORE ... This is how much you could make renting out your basement in Toronto Old Toronto topped the list of asking rent for basement units at $2,600 a month, equalling $31,200 a year in rental income for homeowners streetsoftoronto.com READ MORE ... Solving the housing shortage a complicated process for Canada If you were listening to the Democratic convention, one of the commitments was to build three million new housing units in the next four years over the one million now planned. In addition, a $25,000 payment was being offered to first-time home buyers.  It is all designed to meet the […] fftimes.com READ MORE ... Airbnb guest ‘felt sick’ after she says she found hidden camera | Globalnews.ca Back in April, Zorina Mellis, who is from British Columbia, says she rented an apartment in Santa Monica through the Airbnb platform for six weeks. globalnews.ca READ MORE ... Young Canadians see homeownership as key to their futures despite affordability challenges: Royal LePage Young Canadians see homeownership as a valuable long-term investment despite ongoing affordability issues nationwide realestatemagazine.ca READ MORE ... Landlord fires back after Toronto tenants place fake development sign outside A public drama between a landlord and tenants is playing out on the lawn of a small Toronto apartment complex, with residents crying foul via a fak... blogto.com READ MORE ... What do Canadian homebuyers value most in choosing a home? Canadians rethink their priorities in the housing market mpamag.com READ MORE ... Is the advantage in Canada's housing market swinging back towards buyers? New listings in many markets are giving homebuyers more choice mpamag.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations Info & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | 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