👩 2nd Oct 2024 - Women in Toronto have to Save for 5 years longer than Men for 20% Down Payment on a Home!

💥 Wednesday 2nd October 2024 💥 Quick Easy Fix-Ups: FREE Report! Toronto Real Estate Pulse: Daily Hot Insights! "Unlock the Best Deals: Free Reports & Exclusive Listings!" "Toronto Real Estate Pulse: Daily Hot Insights" offers you a daily snapshot of the most important trends and updates in Toronto's vibrant real estate market. Every day, we bring you expert analyses, emerging trends, and key market shifts to help you stay informed and ahead of the competition. Whether you're a buyer, seller, investor, or just keeping tabs on the market, our daily insights provide the crucial information you need to make smart real estate decisions. Stay in the know with "Toronto Real Estate Pulse: Daily Hot Insights." What Quick Easy Fix-Ups Are Effective in Maximizing Storage and Organization in Small Living Spaces? Maximizing storage and organization in small living spaces can significantly enhance functionality and create a more comfortable environment. Here are some quick and easy fix-ups that can effectively increase storage capacity and improve organization: 1. Utilize Vertical Space Wall Shelves: Install floating shelves or wall-mounted units to take advantage of vertical wall space. These shelves can hold books, decor, or storage bins. Over-the-Door Racks: Use the backs of doors for extra storage with over-the-door racks or hooks for items like bags, coats, or accessories. 2. Multi-Functional Furniture Storage Ottomans: Choose ottomans that open up for storage. These can hold blankets, toys, or other items while serving as seating or a footrest. Sofa Beds or Futons: Furniture that doubles as a bed can save space and provide additional sleeping areas without requiring a separate guest room. Nesting Tables: Use nesting tables that can be separated when needed and stacked together to save space. 3. Under-Bed Storage Storage Bins or Drawers: Utilize the space under the bed with storage bins or drawers. These can store off-season clothing, shoes, or other seldom-used items. Bed Risers: Consider using bed risers to create additional height and allow for larger storage containers under the bed. 4. Closet Organizers Shelving and Bins: Install adjustable shelving in closets to make the most of vertical space. Use bins or baskets to group similar items together. Hanging Organizers: Use hanging organizers for shoes, accessories, or small items. These can be attached to closet rods or doors to free up shelf space. 5. Cabinet and Drawer Inserts Dividers: Use drawer dividers to organize utensils, office supplies, or personal items. This makes it easier to find things and keeps drawers tidy. Lazy Susans: Place lazy Susans in cabinets to maximize corner space for spices, condiments, or other small items. 6. Hooks and Pegboards Wall Hooks: Install hooks in the entryway, kitchen, or bathroom for hanging coats, bags, and towels. This keeps items off the floor and organized. Pegboards: Use pegboards in kitchens or workspaces to hang tools, utensils, or craft supplies, making them easily accessible and visible. 7. Use Clear Storage Solutions Transparent Bins: Opt for clear storage bins so you can see what’s inside without opening each one. This makes it easier to find and access items quickly. Labeling: Label boxes and bins to keep things organized. This helps everyone in the household know where items belong and where to find them. 8. Create Zones for Specific Activities Defined Spaces: Organize areas by function (e.g., a reading nook, a crafting area) to help keep items grouped and reduce clutter. Mobile Carts: Use rolling carts for easy access to supplies, especially in kitchens or craft areas. These can be moved out of the way when not in use. 9. Declutter Regularly Purge Unused Items: Make it a habit to regularly assess belongings and donate or discard items that are no longer needed or used. This creates more space for essential items. Seasonal Rotation: Store away seasonal items (e.g., holiday decorations, winter clothes) to free up space for items in regular use. 10. Strategic Furniture Placement Floating Furniture: Arrange furniture away from walls to create the illusion of space and allow for better flow. This can also help in utilizing corner areas for shelving or storage. Built-in Shelving: Consider adding built-in shelving around windows or above furniture to create additional display and storage areas without occupying floor space. Conclusion Maximizing storage and organization in small living spaces requires creativity and a willingness to think outside the box. By implementing these quick and easy fix-ups, individuals can enhance their living environment, making it more functional and comfortable without the need for extensive renovations. Whether it’s through smart furniture choices, effective use of vertical space, or regular decluttering, small changes can lead to significant improvements in organization and efficiency. Women in Toronto have to save for 5 years longer than men for  20% down payment on a home: study It will take women in Toronto five more years on average than men to save for a down payment on a house due to the gender pay gap, a new study says. nowtoronto.com Read More ... Bruce County offering $100K to help residents build income rental on property Bruce County is offering up to $50,000 in financial assistance to homeowners who want to build an Additional Residential Unit (ARU) on their property and offer it as an affordable rental. owensoundsuntimes.com Read More ... First home mortgage interest deduction: what to do in the case of a mixed mortgage - Alberta Construction Magazine Buying a house and its possible renovation are important phases in the life of many families. Often, to finance these operations, mixed mortgages are used, albertaconstructionmagazine.com Read More ... Renovation boom drives price growth in Toronto and Vancouver despite market pressure: Re/Max Explore the renovation boom's effects on Toronto and Vancouver prices and how ongoing revitalization has impacted affordability and supply realestatemagazine.ca Read More ... Young Halifax renters may have to save for over a decade to buy their first home House prices are so high, new research shows Gen-Z needs nearly $55,000 for an average down payment in the HRM. thecoast.ca Read More ... Home reno spending was up $300B over pandemic, Re/Max Canada says | Globalnews.ca The report by Re/Max Canada looked at the role renovations and revitalization played in home values in the Toronto and Vancouver areas, Canada's two largest real estate markets. globalnews.ca Read More ... Calgary's 5 most expensive homes for sale right now (October 2024) Calgary five most expensive homes for sale as of Oct. 1, 2024. calgary.ctvnews.ca Read More ... Listings surge met few buyers in April. What that means for spring housing market The Canadian housing market is seeing a boost in listings but a slowdown in sales so far this spring, according to the national real estate association. msn.com Read More ... Here's how the income needed to afford a home in Toronto has changed lately Even though there's little hope of Toronto real estate prices ever lowering to remotely reasonable levels, the latest survey of average home costs — … blogto.com Read More ... Mortgage changes will give ‘extra incentive’ to build homes faster: Freeland - National | Globalnews.ca Finance Minister Chrystia Freeland clarified new downpayment rules for the larger insured mortgage cap on Tuesday, one of the proposals she claims will help improve affordability. globalnews.ca Read More ... New mortgage rules will require 10% down for purchase prices between $500,000 and $1.5 million Under the new rules, homeowners are still required to put 5 per cent down for the first $500,000 of the purchase. For everything higher up to $1.5 million, there will be a 10 per cent down payment requirement.  ipolitics.ca Read More ... How much does the average Canadian have in savings? - MoneySense We look at how much Canadians have saved, plus the biggest life expenses for your 20s, 30s, 40s and beyond. moneysense.ca Read More ... Not all young Canadians have given up buying a home. Here’s why - National | Globalnews.ca The majority of young Canadians still feel homeownership is an achievable goal, according to new polling released Tuesday from Royal LePage. globalnews.ca Read More ... Is Toronto's housing bubble about to burst? City's bubble is fifth riskiest worldwide, says UBS mpamag.com Read More ... Toronto Ranks 5th Most At Risk For Housing Bubble Globally There are three main factors that drive housing bubbles: rampant speculation, limited housing, and lowering rates. So, it's no surprise that Toronto just ranked fifth in the world for being at risk of a housing bubble, according to the 2024 UBS Global Real Estate Bubble Index report.Nestled in behin... storeys.com Read More ... Affordable rent out of reach for Canadian minimum wage earners nearly everywhere, report finds "Tenants in Vancouver, Toronto, Victoria, Kelowna, Ottawa, Calgary, and Hamilton cannot afford a two-bedroom unit even with the combined income of two full-time minimum-wage workers." ca.finance.yahoo.com Read More ... The impact of short-term rentals and rising rents on tenant satisfaction: Where can proptech fit in? Learn how tenants feel and how proptech can help enhance satisfaction, experience and loyalty in the rental market realestatemagazine.ca Read More ... Canadian cities where rent has risen the most since the pandemic Apartment rents in Canada have long erased the price drop brought on by the COVID-19 pandemic and have since hit ever-loftier highs, rising at often dizzying rates fuelled by a lack of supply and unprecedented population growth. But the rate of increase since April 2021, when a pandemic low was reached, has varied widely across the country. Prospective renters in some cities today face average rents that have jumped far higher than in others.... msn.com Read More ... Calgary real estate board says September home sales fell amid surge of listings for higher-priced properties - Calgary | Globalnews.ca The CREB says the benchmark price across all home types was $596,900 for September, slightly lower than the previous month but 5.5 per cent higher than September 2023. globalnews.ca Read More ... Calgary home sales fall amid surge of listings for higher-priced properties: board CALGARY — The Calgary Real Estate Board says September home sales tumbled 17.6 per cent from last year's record levels to 2,003, but remained around 16 per cent higher than long-term trends for the month. airdriecityview.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

🙅‍♂️ 1st Oct 2024 - Buying a Home may remain out of reach for many Canadians for the foreseeable future!

💥 Tuesday 1st October 2024 💥 Extra Home Buying Costs - FREE Report! Daily Hot Topics: Toronto Real Estate News! "Your Key to Real Estate Triumph: Free Reports & Hot New Listings!" "Daily Hot Topics: Toronto Real Estate News" delivers the most relevant and timely updates from the Toronto real estate market straight to your inbox every day. Stay informed on the latest market trends, property insights, expert analyses, and investment opportunities. Whether you're a buyer, seller, investor, or simply an enthusiast, our daily roundup provides you with the critical news and developments shaping Toronto's real estate landscape. Keep your finger on the pulse with "Daily Hot Topics: Toronto Real Estate News." How Can Buyers Anticipate and Prepare for Additional Costs Related to Homeownership in High-Risk Natural Disaster Areas? Buying a home in high-risk natural disaster areas requires careful consideration and preparation for additional costs related to homeownership. Here are steps buyers can take to anticipate and prepare for these expenses: 1. Understand Local Risks and Insurance Requirements Research Natural Risks: Identify the specific natural disasters that are prevalent in the area (e.g., floods, earthquakes, hurricanes, wildfires) and understand how these risks can impact property values and insurance needs. Flood Zone Designations: Check whether the property is located in a flood zone. This information can usually be obtained from local government resources or the Federal Emergency Management Agency (FEMA) in the U.S. Required Insurance: Some lenders may require specific types of insurance based on the location of the property. Familiarize yourself with these requirements, including flood insurance, earthquake insurance, or other specialized coverage. 2. Budget for Higher Insurance Premiums Get Insurance Quotes: Contact insurance providers to obtain quotes for homeowners insurance, including additional coverage for natural disasters. Premiums can vary significantly based on risk factors, so it's essential to shop around. Include Costs in Budget: Ensure your budget accounts for potentially higher premiums associated with homes in high-risk areas. This could significantly increase monthly expenses. 3. Consider Mitigation Costs Home Improvements for Risk Reduction: Investigate possible home improvements that could reduce risk (e.g., elevating a home in flood-prone areas, installing hurricane shutters, or reinforcing structures in earthquake-prone regions). These improvements may incur upfront costs but can lower insurance premiums and reduce damage during a disaster. Landscaping and Drainage: For properties in flood-prone areas, investing in proper drainage, landscaping that directs water away from the home, and installation of sump pumps can mitigate potential damage and insurance costs. 4. Review Local Building Codes and Regulations Construction Standards: Check if local building codes require specific construction practices for new homes in disaster-prone areas (e.g., reinforced foundations, wind-resistant materials). Compliance with these codes may increase initial construction costs but provide better protection. Zoning Regulations: Understanding zoning regulations related to natural disasters can help buyers anticipate future costs related to property improvements or renovations. 5. Emergency Preparedness Planning Emergency Supplies and Kits: Prepare for the possibility of evacuation or emergencies by budgeting for emergency supplies and kits, including food, water, first-aid supplies, and necessary medications. Evacuation Plans: Develop an emergency plan and ensure that family members know evacuation routes and local emergency services. Having a plan in place can minimize panic and reduce costs associated with recovery efforts. 6. Evaluate Homeowner Association (HOA) Fees HOA Special Assessments: If purchasing a home within a homeowner association, inquire about any potential special assessments related to disaster recovery or maintenance of shared amenities that could impact finances. Emergency Reserve Funds: Check whether the HOA has established reserve funds for disaster preparedness and recovery, as this can affect how quickly repairs or improvements can be made. 7. Establish an Emergency Fund Financial Buffer: Set aside an emergency fund specifically for disaster-related costs, which can include insurance deductibles, immediate repairs, or temporary housing if the home becomes uninhabitable. Continuous Assessment: Regularly assess and replenish this fund to ensure it remains adequate for potential future needs. 8. Consider Long-Term Resilience Investments Energy Efficiency Improvements: Investing in energy-efficient appliances and systems may be beneficial for disaster recovery, as they can help reduce utility costs during recovery periods or after repairs. Sustainable Landscaping: Utilizing landscaping that is less susceptible to natural disasters (e.g., drought-resistant plants in wildfire-prone areas) can reduce future maintenance costs and improve resilience. 9. Work with Professionals Engage Experts: Consult with real estate agents, insurance agents, and disaster preparedness professionals who understand the specific risks of the area and can provide tailored advice. Regular Property Assessments: Hire professionals for regular property assessments and inspections to identify potential vulnerabilities before they become costly issues. Conclusion Buyers considering homes in high-risk natural disaster areas should be proactive in anticipating and preparing for additional costs related to homeownership. By researching local risks, budgeting for higher insurance premiums, considering mitigation costs, and establishing emergency funds, buyers can create a comprehensive strategy to protect their investment and ensure peace of mind in the face of potential natural disasters. Buying a home may remain out of reach for many Canadians for the foreseeable future | RCI House prices on average are up more than 30 per cent since April 2020 ici.radio-canada.ca READ MORE ... 102-year-old selling London home she's lived in since 1923: 'Kind of hard' After a century of living in an east London bungalow, a 102-year-old woman is ready to sell lfpress.com READ MORE ... Here's how the income needed to afford a home in Toronto has changed lately Even though there's little hope of Toronto real estate prices ever lowering to remotely reasonable levels, the latest survey of average home costs — … blogto.com READ MORE ... Breathtaking $5 million Ontario home looks like a Nantucket beach house This stunning $5 million home in Oakville looks like it was plucked straight from Pinterest — and its price has just been marked down by $400,000. Re… blogto.com READ MORE ... Why these Ontario homeowners' TVs 'fried' from power outages Two Ontario men were surprised after their large flat-screen TVs were ruined from surges due to separate electrical power outages. toronto.ctvnews.ca READ MORE ... 67% of Millennials Have No Savings for a Home Down Payment. How Do You Compare? Motley Fool Press Release. theglobeandmail.com READ MORE ... House of the week: Bungalow has luxury features with a rustic feel in Mississauga | INsauga A custom-built bungalow offers luxury features set on a tranquil property near shops and transportation. insauga.com READ MORE ... How much home can you buy for $500,000? What does $500,000 get you today in Edmonton’s new home market? That’s what Postmedia set out to discover. Further, if you’re wondering why we’re talking about $500,000 for a new-built home in this city, which has been described as one of Canada’s more affordable housing markets, that appears to be the new benchmark for those interested in an entry-level home — not a condo — in today’s local marketplace. That $500,000 figure was chosen as the... msn.com READ MORE ... Cottage of the Week: $2.5 million for a staggering 75-acre former ski resort in Simcoe County - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... Canada's housing affordability crisis may persist for years despite rate cuts Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say. Even with expectations that Bank of Canada will keep cutting rates in the coming months, the issue of home affordability - which has strangled Prime Minister Justin Trudeau's poll numbers - is unlikely to fade before the next election. The mandate for the Liberal minority government ends at the end of October 2025, but an election could come well before then, with the Conservative opposition spoiling to end Trudeau's nine-year run at the top. ca.finance.yahoo.com READ MORE ... Apartment rent growing faster than condo rent as new supply comes online: report The Canadian rental market is showing signs of divergence, with purpose-built rental apartment rents accelerating more quickly than those for condominium units . According to a report by Urbanation, which analyzes monthly listings from the website Rentals.ca, purpose-built units experienced a 12.7 per cent year-over-year price increase in March, averaging $2,117. In contrast, condominium rentals grew at a more modest rate of 3.9 per cent,... msn.com READ MORE ... Toronto home prices inch up as buyers adapt to mortgage rate landscape Toronto area home sales jumped by 17.9 per cent year over year in February while benchmark home prices inched up slightly, according to monthly figures released Mar. 5 by the Toronto Regional Real Estate Board. A total of 5,607 properties changed hands during the month, while new listings surged by 33.5 per cent. Data from the real estate board showed the benchmark home price increased by just 0.44 per cent year over year to $1,093,900. TRREB... msn.com READ MORE ... Buying a home may remain out of reach for many Canadians for the foreseeable future | CBC News Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say. cbc.ca READ MORE ... Fall could be the best real estate market in years: Report Following a global pandemic, fluctuating inflation and shifting interest rates over the past several years, a Zoocasa report says fall 2024 could be the best real estate market Canadians have seen in years. Using recent data from the Canadian Real Estate Association, the real estate brokerage highlights in it’s new report why this could be […] ottawa.citynews.ca READ MORE ... Posthaste: Toronto ranks fifth in the world for risks of real estate bubble Only Miami, Tokyo, Zurich and Los Angeles are running hotter, according to UBS ranking ca.finance.yahoo.com READ MORE ... Inspectors uncover 'pretty horrible' conditions in Windsor rental units under pilot study | CBC News Inspections found units with issues that have required some tenants to be removed from their units because of safety concerns. cbc.ca READ MORE ... The maximum allowable rent increase in B.C. will be 3% in 2025 Next year’s allowable rent increase in B.C. will be three per cent, based on the rate of inflation, says the provincial government. That’s down from the 2024 maximum increase of 3.5 per cent. “Tying the allowable increase to inflation saves renters hundreds of dollars, over the previous government’s policy of inflation plus two per cent,” Housing Minister Ravi Kahlon said in a statement on Monday, referring to the former B.C. Liberal rental rate... msn.com READ MORE ... Canada's rent prices hit an all-time record high and Quebec is actually looking pretty good Moving Day may have been tough... but apparently, it could be worse. msn.com READ MORE ... Jury: Lexington landlord got rental aid from city but didn’t use it to help tenants The man was convicted of wire fraud and aggravated identity theft in connection with money from COVID-19 relief programs. ca.news.yahoo.com READ MORE ... The Pay Gap Penalty: How Much Longer Do Women Need to Save for a Down Payment? By Zoocasa The Pay Gap Penalty: How Much Longer Do Women Need to Save for a Down Payment? ca.investing.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