✂️ 6th Nov 2024 - Bank of Canada expected to cut Rates by 100 bps before pausing!

💥 Wednesday 6th November 2024 💥 Extra Home Buying Costs - FREE Report! Toronto Real Estate Daily: Hot Updates! "Navigate the Real Estate Market with Confidence: Free Reports & Prime Listings!" "Toronto Real Estate Daily: Hot Updates" is your essential source for the latest developments in Toronto's dynamic real estate market. Each day, we provide 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 Toronto's real estate scene. Stay connected with "Toronto Real Estate Daily: Hot Updates." What Are the Unanswered Questions Regarding the Impact of Market Fluctuations on Home Buying Extra Costs? Market fluctuations can significantly affect the costs associated with home buying, but there are several unanswered questions that homebuyers and real estate professionals may consider to better understand these dynamics. Here are some key questions regarding the impact of market fluctuations on home buying extra costs: 1. How do economic indicators influence extra costs? Economic indicators like employment rates and inflation can lead to changes in closing costs and insurance premiums. 2. What role do interest rate changes play? Fluctuations in interest rates directly affect mortgage payments and can increase related costs such as insurance and financing fees. 3. What is the impact of supply and demand dynamics? Shifts in supply and demand can result in higher additional costs due to bidding wars and increased appraisal fees. 4. How do local market conditions differ? Market fluctuations impact extra costs variably across urban and rural areas, influenced by local economic factors. 5. What are the long-term trends? Short-term market fluctuations can lead to unpredictable extra costs, but some may stabilize over time. 6. How do changing regulations affect costs? Regulatory changes can introduce unexpected costs related to property taxes and compliance during fluctuating markets. 7. What are the hidden costs during market fluctuations? Buyers may overlook hidden costs like increased repair expenses or appraisal fees during rapid market changes. 8. How does competition influence costs? Increased competition can drive up extra costs such as inspections and necessary repairs due to heightened buyer demand. 9. What role does timing play? The timing of a purchase can influence additional costs, with certain seasons offering lower or higher expenses. 10. What are the psychological effects of market fluctuations? Buyer psychology can lead to impulsive decisions that increase costs, such as overbidding in a competitive market. Conclusion These basic answered questions highlight the complexities and uncertainties that homebuyers face regarding extra costs during market fluctuations. Understanding these dynamics can empower buyers to make informed decisions and navigate the challenges of the home buying process more effectively. Addressing these questions through research, expert consultations, and market analysis can provide clarity and help mitigate unforeseen expenses. "🔥Toronto Real Estate: Hot News & Trends 🏡" Bank of Canada expected to cut rates by 100 bps before pausing, financial experts say - Mortgage Rates & Mortgage Broker News in Canada Financial experts expect the Bank of Canada to cut rates by 100 basis points by the middle of 2025, with no further reductions thereafter. canadianmortgagetrends.com READ MORE ... Ontario home sold at massive $430,000 loss after court drama A Toronto home was finally sold at a staggering $430,000 loss this month following years of legal drama between the property's sellers and a potentia… blogto.com READ MORE ... Buyers are still offering way under asking price for homes in most parts of Toronto area The number of homes changing hands in the Toronto area is finally creeping back up after many months of ghastly sales figures, but it seems that buye… blogto.com READ MORE ... Bank of Canada Market Survey Sees Rates Staying Higher For Longer - Better Dwelling Canada’s central bank may be moving a little faster than the market anticipates. The Bank of Canada (BoC) released its quarterly market participant survey (MPS) this morning. The survey asks prominent financial market participants what they’re expecting in the coming months in terms of economic growth, inflation, and policy. Most respondents see Canada’s real GDP […] betterdwelling.com READ MORE ... Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million - Mortgage Rates & Mortgage Broker News in Canada Conservative Leader Pierre Poilievre has written to the provinces' premiers, asking them to eliminate their sales taxes on new homes that are under $1 million. canadianmortgagetrends.com READ MORE ... Baby boomers and gen X are taking on more mortgage debt More home owners are turning to reverse mortgages, and among those, more are doing so to help their children with a down payment. Read on. cochranetimespost.ca READ MORE ... CMHC says mortgage risks remain It comes as alternative lending grows mpamag.com READ MORE ... Alberta government introduces legislation to enable halal mortgage options - Mortgage Rates & Mortgage Broker News in Canada The Alberta government has introduced legislation that will enable provincially regulated banks to offer halal home financing products. canadianmortgagetrends.com READ MORE ... Toronto house that just won't sell is up for auction with bids starting at $1 While housing auctions might be commonplace in countries like Australia, it's a bit rarer to see one in Canada.  But honestly, they're a genius idea … blogto.com READ MORE ... The best mortgage rates in Canada right now The best mortgage rates in Canada, updated daily, based on data from MortgageLogic.news. Read on and bookmark this page. financialpost.com READ MORE ... Several Ontario cities are among the most sought-after by Canadian renters As the housing crisis persists, many Canadians are choosing to rent over buying a home. A recent survey found that over half of Canadian renters doub… blogto.com READ MORE ... Realtors see reasons for optimism as London-area home sales rise Homes sales in the London region picked up for a second straight month in October, signalling more buyers are willing to pull the trigger on purchases amid lower interest rates, the latest housing market snapshot shows. lfpress.com READ MORE ... Canadian Mortgage Delinquency Rates Expected to Rise Through 2025 Canada’s housing market faces ongoing challenges despite showing resilience against higher interest rates, according to a new report from the Canada Mortgage and Housing Corporation (CMHC). T… thedeepdive.ca READ MORE ... "Strong consensus" among BoC Governing Council that 50bps cut was needed in October - Mortgage Rates & Mortgage Broker News in Canada The Bank of Canada’s Governing Council reached a “strong consensus” in October that a 50-basis-point rate cut was needed. canadianmortgagetrends.com READ MORE ... Calls to cut PST on new home construction intensify in Sask. A rebate on the Provincial Sales Tax (PST) on new home builds was an election promise from the Saskatchewan Party. However, the federal Conservatives have gone one step further – calling for the GST on the builds to be axed nationwide. regina.ctvnews.ca READ MORE ... The Chase: After searching across the GTA, this couple found their starter home right where they began - Toronto Life 1,077,815 Torontonians can’t be wrong. torontolife.com READ MORE ... I Can’t Buy a Home, So I’m Fixing Up a Decrepit Farmhouse | The Walrus In Cape Breton, housing was never an issue. Now I’m priced out—and picking up the power tools thewalrus.ca READ MORE ... October home sales rise by 7 per cent in Waterloo Region In October a total of 604 homes were sold in Waterloo Region, which represents a 7 per cent increase compared to the same time last year, according to the Cornerstone Association of Realtors. kitchener.ctvnews.ca READ MORE ... Housing sales up in Waterloo Region amid interest rate cuts New numbers show that housing purchases increased through the month of October in Waterloo Region. kitchener.citynews.ca READ MORE ... Ill - HUB SmartCoverage If a tenant is engaged in illegal or criminal activities – such as a marijuana grow-op – then it’s within the landlord’s rights to evict them for breaking the terms of the rental agreement. hubsmartcoverage.ca 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." 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🚽 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." If you no longer wish to receive these Emails, please Unsubscribe Here