🚽 4th Nov 2024 - Canadian Landlord slammed for Renting out Bathroom for $550 a Month!

💥 Monday 4th November 2024 💥 11 Home Inspection Pitfalls - FREE Report! GTA Real Estate Buzz: Today’s Hot News! "Your Essential Guide to Real Estate Success: Free Reports & Fresh Listings!" "GTA Real Estate Buzz: Today’s Hot News" is your go-to source for the latest developments in the Greater Toronto Area's real estate market. Each day, we deliver a curated selection of breaking news, market trends, and expert insights to keep you informed and ahead of the curve. Whether you're a buyer, seller, investor, or simply interested in the market, our daily updates ensure you're always in the know about the hottest developments in the GTA real estate scene. Stay connected with "GTA Real Estate Buzz: Today’s Hot News." How Do Home Inspection Pitfalls Differ in Newly Constructed Homes Compared to Resale Properties? Home inspection pitfalls can vary significantly between newly constructed homes and resale properties. Each type of property presents its own unique set of challenges and potential issues that buyers should be aware of. Here’s a breakdown of the key differences in home inspection pitfalls for each: Newly Constructed Homes 1. Quality of Construction Pitfall: Even newly constructed homes can suffer from poor craftsmanship or subpar materials. Inspectors may find issues related to framing, roofing, and finishes that do not meet industry standards. Consideration: Buyers should ensure that the builder adheres to local building codes and that quality materials are used throughout the construction process. 2. Incomplete Work Pitfall: New homes may be sold before all construction work is completed or before all inspections are finalized. This can lead to unfinished installations, such as missing railings, incomplete landscaping, or unconnected utilities. Consideration: It's essential to verify that all aspects of the home are completed and that all required inspections have been conducted prior to closing. 3. Building Code Compliance Pitfall: Some builders may take shortcuts that violate local building codes, leading to potential safety hazards. These issues may not be immediately visible during a walkthrough. Consideration: Buyers should obtain and review any inspection reports from local authorities to ensure the home complies with all building regulations. 4. Warranty Limitations Pitfall: New homes often come with warranties that may not cover all issues or may have strict timelines for claims. Buyers might assume all problems will be addressed under warranty, but certain conditions might apply. Consideration: Understanding the warranty terms and keeping records of inspections and repairs can be crucial for future claims. 5. Settling Issues Pitfall: Newly constructed homes may experience settling over time, which can lead to cracks in walls, ceilings, or foundations. Consideration: Regular inspections in the first few years of ownership can help identify and address settling issues early. Resale Properties 1. Deferred Maintenance Pitfall: Resale properties may have a history of deferred maintenance, leading to issues such as outdated electrical systems, plumbing problems, or roof damage. Consideration: A thorough inspection can help uncover these hidden issues, but buyers should also be prepared for potential repairs. 2. Hidden Defects Pitfall: Older homes might have hidden defects that are not immediately apparent, such as mold in attics or behind walls, plumbing leaks, or issues with the foundation. Consideration: Buyers should consider hiring specialized inspectors for aspects like plumbing, electrical systems, or pests, in addition to the general home inspection. 3. Renovation Quality Pitfall: If previous owners made renovations or repairs, the quality of work may vary, leading to potential safety concerns or the need for future repairs. Consideration: Inspectors should evaluate the quality of renovations, and buyers should ask for documentation regarding any significant updates or improvements. 4. Building Code Changes Pitfall: Older homes may not meet current building codes due to changes in regulations over the years. This can lead to complications if buyers plan to remodel or expand the home. Consideration: Buyers should be aware of potential code violations and consider whether future renovations will require significant upgrades to meet current standards. 5. Pest Infestations Pitfall: Resale properties may be more susceptible to pest infestations, including termites, rodents, or other pests, especially if maintenance has been neglected. Consideration: A pest inspection can be a valuable step in the buying process to uncover any potential infestations that could lead to costly damage. Conclusion While newly constructed homes often present challenges related to construction quality and compliance with codes, resale properties typically come with concerns about deferred maintenance and hidden defects. Both types of properties require thorough inspections, but the focus areas may differ. Buyers should work with experienced home inspectors who understand the nuances of both newly constructed and resale homes to ensure a comprehensive evaluation and informed purchasing decisions. By being aware of these pitfalls, buyers can better prepare for homeownership and avoid potential issues down the road. "🔥Toronto Real Estate: Hot News & Trends 🏡" Canadian landlord slammed for renting out bathroom for $550/mo | Urbanized The latest listing to make rounds on social media this week is a converted bathroom in Brampton for $550 per month. dailyhive.com Read Now ... What is a Mortgage? If you're wondering what is a mortgage, look no further. Read on for a deeper understanding of mortgages so you can make an informed decision. blog.remax.ca Read Now ... Here's what you can buy for $729,000 in 8 Ottawa neighbourhoods CTVNewsOttawa.ca looks at what you can buy for the average Ottawa home price of $729,000 in eight Ottawa neighbourhoods. ottawa.ctvnews.ca Read Now ... Victoria's real-estate sales surged 60% in October as mortgage rates fell | Citified.ca 654 property transactions were recorded in October amid stable residential real-estate prices. victoria.citified.ca Read Now ... Canadian Real Estate: What to Know Before You Buy Owning Canadian real estate has paid off for many people, but owning isn't right for everyone. Here's what you should consider before you buy. blog.remax.ca Read Now ... How much the Bank of Canada will cut interest rates in 2024 Dawn Desjardins, senior economist at Deloitte Canada , talks with Financial Post’s Larysa Harapyn about what the latest inflation data means to the Bank of Canada and interest rates . Deloitte is forecasting 75 basis points of cuts in 2024 with the first one in June and two more in the second half of the year. Mortgage lenders offering 'extreme discounts' behind the scene It will take years for dust to settle on TD money-laundering scandal... msn.com Read Now ... Can Canadians really breathe a ‘sigh of relief’ on mortgage rates? Tiff Macklem hailed Bank's latest move last week – but one financial advisor isn't so sure mpamag.com Read Now ... Toronto new home sales plummet as housing market remains in limbo Interest rate cuts and rising inventory aren't enough to spark GTA buyer interest mpamag.com Read Now ... Gorgeous Toronto condo on sale for $4.2 million is actually inside of an old mansion The last time this unique Toronto condo unit at 37A Elm Ave. sold was back in 2013, and even then, it went for a staggering $2,280,000. Now, the thre… blogto.com Read Now ... A Toronto house less than 10 feet wide just hit the market for nearly $2M If you aren’t looking closely, you could miss 138 St Clarens Avenue – the home, newly listed at nearly $2 million, located in Toronto's Little Portugal is only eight feet wide. toronto.ctvnews.ca Read Now ... Column: Three things Sudbury homebuyers need to know about property value Understanding the difference between a property’s market value and assessment value is essential. saultstar.com Read Now ... The site of an approved Toronto condo project is for sale at $22.5 million A prime slice of real estate just went up for grabs in Toronto's Parkdale neighbourhood, and it's pretty much ready for condos.  The assembly of prop… blogto.com Read Now ... First National sees potential gains from recent mortgage rule changes - Mortgage Rates & Mortgage Broker News in Canada In its Q3 earnings report, First National also noted that competitive pressures have led to a year-over-year drop in origination volumes. canadianmortgagetrends.com Read Now ... Calgary sees sales surge for homes over $600K, lower-end supply tightens - Mortgage Rates & Mortgage Broker News in Canada Demand for higher-priced homes drove Calgary's October sales, while a lack of affordable options kept the market tight in lower price ranges. canadianmortgagetrends.com Read Now ... Calgary Real Estate Board says home sales mostly stable compared to last year Calgary's October home sales were mostly flat compared to last year, this is according to the Calgary Real Estate Board. calgary.citynews.ca Read Now ... This Week's Top Stories: Canadian Real Estate Investors Brace For Population Declines, & Toronto Condos Plunge - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Immigration Changes To Impact BC & Ontario Real Estate Most: BMO Canada is changing course on immigration and that means real estate investors should pay attention. A new BMO Capital Markets report notes the population declines will be felt the sharpest […] betterdwelling.com Read Now ... Where should Canada look to improve its housing situation? The answer may shock you Housing experts argue widespread adoption of government-supported affordable housing, the growth of alternative models like co-operatives and co-housing, and the increased use of advanced building techniques could all play a role in improving Canada's housing system. ctvnews.ca Read Now ... Here's what to consider before adding a rental unit to your home With the rising cost of living, you may have thought about ways to make extra money and adding a rental unit to your home may have been one of them. ottawa.ctvnews.ca Read Now ... Mortgage Loan Insurance for rental investments Unlock financing options with CMHC Income Property. This mortgage insurance helps investors secure funding for residential, multi-family, and mixed-use rental properties. cmhc-schl.gc.ca Read Now ... 1 in 4 Vancouver tenants spending more than half their income on rent: report The path to homeownership in Vancouver is becoming increasingly out-of-reach for many renters. bc.ctvnews.ca Read Now ... "📝 Message from the Editor ✨" Welcome to my Newsletter Page! 🎉 I am a professional Real Estate Agent here in the 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! 📞(416) 275-2089 ✉️ Manoj@ManojAtri.com 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-Uppers 🛠️ 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: This Newsletter contains summarized content from various sources; full attribution for each article is provided in the original linked content. Articles and Podcasts in this newsletter are generated by AI." 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🏢 1st Nov 2024 - With Condos not Selling, Canada faces worsening Home Ownership crisis!

💥 Friday 1st November 2024 💥 Buy With Low or Zero Down Payment - FREE Report! Toronto Real Estate Beat: Today's Hot Topics! "Unlock Your Next Move: Free Reports & Hot New Listings Inside!" "Toronto Real Estate Beat: Today's Hot Topics" delivers the latest and most relevant updates from Toronto's dynamic real estate market. Each day, we provide you with a curated selection of breaking news, market trends, and expert insights to keep you informed and ahead of the competition. Whether you're a buyer, seller, investor, or simply interested in the market, our daily updates ensure you're always in the know about the hottest developments in Toronto's real estate scene. Stay connected with "Toronto Real Estate Beat: Today's Hot Topics." Can mortgage agents offer a wider range of mortgage products and lenders compared to bank agents, and how does this flexibility benefit homebuyers in terms of finding the most suitable mortgage? Yes, mortgage agents in Toronto typically offer a wider range of mortgage products and access to more lenders compared to bank agents. This flexibility can significantly benefit homebuyers in various ways, allowing them to find the most suitable mortgage for their individual needs. Here’s how mortgage agents provide this advantage in the Ontario market: 1. Access to Multiple Lenders Broader Selection: Mortgage agents work with various lenders, including major Canadian banks, credit unions, and private lenders. This access allows them to present homebuyers with a broader selection of mortgage products tailored to the local market. Tailored Options: With access to different lenders, mortgage agents can offer options suitable for specific financial situations, such as self-employed individuals, first-time buyers, or those with unique credit profiles. 2. Variety of Mortgage Products Diverse Mortgage Types: Mortgage agents can offer various mortgage types, including fixed-rate, variable-rate, and adjustable-rate mortgages. This variety enables homebuyers to choose a mortgage that aligns with their financial goals and risk tolerance. Flexible Terms: Agents can provide options with flexible terms regarding loan amounts, repayment periods, and amortization schedules, giving buyers more control over their financial commitments. 3. Comparative Shopping Side-by-Side Comparisons: Mortgage agents help homebuyers compare mortgage products side-by-side, making it easier to understand the differences in rates, terms, fees, and conditions. Informed Decisions: This comparative shopping experience empowers buyers to make informed decisions based on their unique financial situations, preferences, and long-term goals. 4. Personalized Service and Guidance Understanding Individual Needs: Mortgage agents take the time to understand the specific needs and financial situations of homebuyers, allowing them to recommend the best products based on those factors. Advice on Suitability: Agents can provide tailored advice on which mortgage options might be most suitable for buyers, considering factors like cash flow, future plans, and market conditions in Toronto. 5. Competitive Rates and Terms Negotiation Power: Mortgage agents often have established relationships with lenders, which can provide them with the ability to negotiate better rates and terms for their clients. Access to Promotions: Agents may have access to special promotions or products not widely advertised, allowing buyers to benefit from exclusive offers. 6. Navigating Complex Situations Solutions for Unique Scenarios: For buyers with unique financial situations (e.g., those with variable income, significant debt, or credit challenges), mortgage agents can identify lenders willing to work with them and suggest suitable mortgage solutions. Assistance with Alternative Lenders: If traditional banks cannot provide financing, mortgage agents can guide buyers to alternative lenders, including private or non-traditional options, which may offer more flexibility in qualifying criteria. 7. Streamlined Process Efficiency: Working with a mortgage agent can streamline the mortgage application process. They help gather necessary documents, complete applications, and communicate with lenders on behalf of the buyer. Support through Approval: Agents support homebuyers throughout the mortgage approval process, addressing any challenges that may arise and keeping them informed of progress. 8. Ongoing Relationship Future Financing Needs: After securing the initial mortgage, mortgage agents can maintain ongoing relationships with buyers, offering guidance on refinancing options or future mortgage needs as financial situations change. Market Updates: They can provide updates on market conditions, interest rates, and new products that may benefit buyers in the future. Conclusion Mortgage agents in Toronto offer a wider range of mortgage products and access to multiple lenders compared to bank agents, providing homebuyers with significant flexibility and choice. This advantage allows buyers to find the most suitable mortgage that meets their specific financial needs and goals, ultimately facilitating a smoother and more advantageous homebuying experience. By leveraging the expertise of mortgage agents, homebuyers can navigate the complexities of the mortgage market in Ontario more effectively and secure favorable terms for their investments. "🔥Toronto Real Estate: Hot News & Trends 🏡" With condos not selling, Canada faces worsening home ownership crisis Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction, half a dozen economists and realtors told Reuters. ctvnews.ca READ MORE ... Developer behind Toronto's troubled megatower accused of 'overpaying himself' The drama surrounding the mighty The One development at the corner of Yonge and Bloor just keeps getting jucier as the tower, which was set to be Can… blogto.com READ MORE ... People have had enough of infuriating backlogs at Ontario Landlord and Tenant Board Ontario property owners and renters trying to resolve their issues through the province's Landlord and Tenant Board (LTB) have been doomed to months … blogto.com READ MORE ... Toronto mansion from same architect as Casa Loma drops its price by $2 million If you're in the market for a "landmark office mansion", good news is this architectural beauty just dropped its price.  37 Madison Ave. wa… blogto.com READ MORE ... Should I go with a fixed or variable mortgage? An Ontario broker clears up confusion for buyers as Bank of Canada lowers lending rate Mortgage Wellness founder and broker Nick L’Ecuyer weighs in on the pros and cons of fixed and variable rates waterloochronicle.ca READ MORE ... Young Canadians aren’t giving up on homeownership just yet, poll says Rising financial pressures challenge younger Canadians, but demand for home-buying support grows wealthprofessional.ca READ MORE ... Calgary’s overbidding market cools in Q3 with 44% drop while prices hold steady Calgary's real estate market stabilizes as overbidding activity declines. Learn about the state of home prices in different neighbourhoods realestatemagazine.ca READ MORE ... Five things for parents to think about when helping their child buy a home OTTAWA - Five things to think about if you're considering gifting money to your child to help buy a home: thespec.com READ MORE ... Sleek $1.7 million Toronto home is steps away from one of the world's coolest streets This sleek and stylish Toronto townhome is located just steps away from one of the city's trendiest streets, and it could be yours for $1.7 million. … blogto.com READ MORE ... Buying a home? Here’s what not to say to your real estate agent Loose lips sink ships. So if you want clear sailing during your home-buying phase, don’t overshare or you’ll regret it afterwards. ca.finance.yahoo.com READ MORE ... Spotlight: Muskoka is calling! Stunning finishes, thoughtful design—every corner feels like home! Join us Saturday, November 9th, 11 am – 1 pm for an Open House and feel a space where comfort, style, and family moments come to life. barrietoday.com READ MORE ... Alleged oil-tank leak sparks lawsuit against realtor, former home owners Homeowner claims she did not know a property she bought in 2020 had an underground oil tank, much less that it was leaking hydrocarbons into the soil biv.com READ MORE ... B.C. landlord who evicted longtime tenant, hiked rent and re-listed unit ordered to pay $16K A landlord from B.C.’s Lower Mainland who evicted a longtime tenant only to rent out the same unit months later for more money has been ordered to compensate him $16,480. bc.ctvnews.ca READ MORE ... “I don’t feel secure, I feel scammed”: Rent-in-advance scheme is troubling tenants in Halifax Dalhousie Legal Aid Service is taking Olympus Properties to task for requiring money from prospective tenants before a lease is signed. thecoast.ca READ MORE ... Calgary leads Canada in house flipping, but those who do it say approach with caution You've likely watched it on reality TV. Someone buys a home, renovates and resells it for a profit. calgary.ctvnews.ca READ MORE ... Ontario lowers projections for how many new homes will be built - Mortgage Rates & Mortgage Broker News in Canada Ontario is lowering its projections for how many new homes will get built in the province over the next few years, putting the government further off the pace needed to meet its target. canadianmortgagetrends.com READ MORE ... Are some rents in Canada part of a price-fixing scheme? | CBC News One large Canadian landlord has stopped using software to help set rent prices after CBC News began an investigation. The software is called YieldStar, and it's under federal investigation in the United States and the subject of a lawsuit from the Department of Justice for collusion, price-fixing and artificially inflating American rents. cbc.ca READ MORE ... Calgary's red-hot rental market may be cooling | CBC News Data from Rentals.ca shows rents in Calgary have dipped for two months in a row, and some in the industry say the peak of the hot rental market may be in the rear-view mirror. cbc.ca READ MORE ... Corporate landlords accused of using software to fix rent prices A large corporate landlord in Canada says it has terminated the use of YieldStar, a controversial software allegedly used in rent price-fixing in the United States. YieldStar’s parent company, RealPage, is currently being sued by the U.S. Department of Justice over accusations it helps landlords collude on prices. cbc.ca READ MORE ... What you need to know before helping your child with a home down payment OTTAWA — With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers. biv.com READ MORE ... "📝 Message from the Editor ✨" Welcome to my Newsletter Page! 🎉 I am a professional Real Estate Agent here in the 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! 📞(416) 275-2089 ✉️ Manoj@ManojAtri.com 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-Uppers 🛠️ 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: This Newsletter contains summarized content from various sources; full attribution for each article is provided in the original linked content. Articles and Podcasts in this newsletter are generated by AI." If you no longer wish to receive these Emails, please Unsubscribe Here