13th Nov 2024 📊 Pros and Cons of a 10-year Fixed Mortgage: Is stability worth the Cost? 🤝

💥 Wednesday 13th November 2024 💥 Buyer Mistakes: FREE Report! Hot Property News: Toronto Daily Digest! "Discover the Hottest Properties with Expert Insights & Free Reports!" "Hot Property News: Toronto Daily Digest" 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 "Hot Property News: Toronto Daily Digest." How Can Home Buyers Prevent the Common Pitfall of Overlooking Potential Future Maintenance Costs? Homebuyers can take several proactive steps to prevent the common pitfall of overlooking potential future maintenance costs when purchasing a property. Here are some effective strategies: 1. Conduct Thorough Home Inspections Hire a Qualified Inspector: Always have a professional home inspection conducted to identify existing issues and potential maintenance concerns. Ask About Longevity: Inquire about the age and condition of key systems (roof, HVAC, plumbing, electrical) to anticipate future repairs or replacements. 2. Research Property History Review Maintenance Records: Ask the seller for documentation of past maintenance and repairs to understand how well the property has been cared for. Check for Patterns: Investigate whether the property has a history of recurring issues that could indicate deeper problems. 3. Evaluate the Property’s Condition Look Beyond Aesthetics: Focus on structural elements and mechanical systems rather than just cosmetic features. Assess Landscaping Needs: Consider the maintenance requirements of outdoor spaces, including landscaping, irrigation systems, and fencing. 4. Factor in Future Upkeep Costs Estimate Annual Maintenance Costs: As a rule of thumb, budget about 1% of the home’s value annually for maintenance. Adjust this based on the age and condition of the property. Consider Seasonal Maintenance: Identify seasonal tasks such as gutter cleaning, snow removal, and lawn care, and factor these into your budget. 5. Understand Local Climate and Conditions Climate Impacts: Consider how the local climate may affect maintenance needs (e.g., homes in harsh winters may require more upkeep for roofs and heating systems). Natural Disasters: If applicable, assess risks related to natural disasters (floods, hurricanes, etc.) and plan for potential damages and insurance implications. 6. Consult with Experts Seek Advice from Professionals: Engage contractors, real estate agents, or home inspectors who can provide insights into the property’s long-term maintenance needs. Talk to Current Owners: If possible, speak with neighbors or current owners to get their perspectives on maintenance challenges and costs in the area. 7. Factor in Upgrades and Renovations Plan for Future Projects: Identify any renovations or upgrades you plan to make in the future and budget for their maintenance costs as well. Consider Energy Efficiency: Evaluate the energy efficiency of the home; investments in insulation or energy-efficient systems can reduce long-term utility costs. 8. Create a Maintenance Plan Establish a Schedule: Develop a maintenance schedule to stay on top of regular upkeep tasks and prevent small issues from becoming major repairs. Set Aside a Maintenance Fund: Create a dedicated savings account for future maintenance expenses to ensure funds are available when needed. 9. Stay Informed About Market Trends Monitor Property Values: Understanding local market conditions can help predict future costs related to property upkeep and renovations. Engage with Local Community: Being part of local forums or community groups can provide insights into common issues faced by homeowners in the area. Conclusion By taking these proactive steps, homebuyers can prevent the common pitfall of overlooking potential future maintenance costs. Thorough research, professional consultations, and strategic planning will not only help in budgeting for a new home but also contribute to a smoother and more sustainable homeownership experience. Understanding the long-term implications of property maintenance will empower buyers to make informed decisions and enjoy their investment for years to come. "🔥Toronto Real Estate: Hot News & Trends 🏡" Pros and cons of a 10-year fixed mortgage: Is stability worth the cost? - Mortgage Rates & Mortgage Broker News in Canada The 10-year mortgage has long been a niche product in the Canadian mortgage market. canadianmortgagetrends.com Read More ... The Peak Dispatch: Housing Is Driving Canada’s Wealth Gap, and One Company Wants Robots to Help Build Homes Through its website and daily newsletters, The Peak (a ZoomerMedia property) offers Canadians... everythingzoomer.com Read More ... What to know as Canada’s capital gains tax changes remain in legal limbo - MoneySense The federal government’s capital gains inclusion rate increase has yet to become law. There’s a slight chance it may never come to pass. moneysense.ca Read More ... Long list of rules pits Mississauga neighbours against townhouse board | CBC News A Mississauga couple is in the midst of a war of words with their townhouse complex's board of directors — which a handful of residents say is imposing unnecessarily strict new rules on the complex's roughly 140 homeowners. cbc.ca Read More ... FIRST PERSON | I'm about to become a homeowner and leave behind years of rental disputes | CBC News "I’ve bought a house. I’ll cross the threshold into a new chapter, leaving behind years of frustration and neglect," Bella Luna Zuniga writes. cbc.ca Read More ... Canadian Rental List Prices Make First Drop Since COVID, BC & ON Cities Lead Lower - Better Dwelling Canadian rents are showing the first sign of weakness since the pandemic kicked off. A new report from Urbanation & rentals.ca shows the average rental price fell to $2,151 per month in October, down 1.2% since last year. It was the first year-over-year (y/y) drop since July 2021, with the 3-month trend showing annual growth […] betterdwelling.com Read More ... Mayor Chow proposing big change that would see buildings go up all over Toronto Mayor Olivia Chow has proposed a major change to the process of how housing is built in Toronto, one that would allow a new generation of buildings t… blogto.com Read More ... Posthaste: These are the best buyers' markets in Canadian real estate — for now Listings outpace demand in Toronto and Vancouver ca.finance.yahoo.com Read More ... Asking rent in major Canadian cities just dropped for the first time since the pandemic Some promising cost-saving rent trends are emerging that might make tenants across the country's largest cities breathe a sigh of relief. Rentals.ca … blogto.com Read More ... 'Mortgage war': Canadians may emerge winners as banks fight for business RBC notes anecdotal evidence of "significant discounting" at Canadian banks already. ca.finance.yahoo.com Read More ... Canada Makes A Huge GDP Revision, BoC Made Supersized Rate Cut On Bad Data - Better Dwelling Canada must have found some economic progress in the pocket of an old winter coat. Last week Statistics Canada (Stat Can) made some big upward revisions to the country’s gross domestic product (GDP) data. The country’s national statistics agency found the equivalent of a whole year of economic activity that was hiding between 2021 to […] betterdwelling.com Read More ... Homeownership a “Luxury” for Most Canadians, New Survey Reveals - NetNewsLedger Toronto, ON – A new survey from Habitat for Humanity Canada paints a concerning picture of the housing crisis in Canada, with 84% of Canadians now viewing homeownership as a luxury. The survey, which explores the broader impacts of the housing crisis on Canadians' lives, reveals growing concerns about affordability, mental health, and the widening netnewsledger.com Read More ... 'Financially desperate' Winnipeg business swindled out of 2 properties, lawsuit alleges | CBC News A Winnipeg business owner is suing a man she alleges swindled her out of ownership of two properties after promising financial help — the latest in a string of court proceedings against the man, whom a judge previously described as showing the signs of a "predator" who seeks out financially vulnerable clients. cbc.ca Read More ... Ottawa man clashes with landlord over right to charge his EV | CBC News An Ottawa man feels it's his right to charge his car overnight at his apartment building since electricity is included in his rent, but his landlord disagrees. cbc.ca Read More ... The mystery and reality of AI in real estate  For many, the reality of AI remains a mystery. For others, it has become a tool that is gaining ground and becoming a pillar in their business realestatemagazine.ca Read More ... Fixed mortgage rates may not follow Bank of Canada cuts, former TD economist warns - Mortgage Rates & Mortgage Broker News in Canada While plenty of consumers believe the Bank of Canada’s steady interest rate cuts will drop mortgage rates meaningfully across the board, economist Don Drummond isn't so sure that prediction applies to fixed rate mortgages. canadianmortgagetrends.com Read More ... Canadian banks could face a 'mortgage war,' RBC analysts say More than half of all mortgages with Canadian banks are set to be renewed in the next two fiscal years ca.finance.yahoo.com Read More ... Bank of Canada Warns Policymakers Against Tinkering With Mortgages - Better Dwelling The number two at Canada’s central bank just made it clear she isn’t a policy cheerleader, like the Governor has been in recent months. Bank of Canada (BoC) Deputy Governor Carolyn Rogers addressed finance professionals at the Economic Club of Canada last week, explaining the usual mortgage market risks. It got more interesting when she […] betterdwelling.com Read More ... Your home sold—now what? - MoneySense If you’ve sold your home, putting the money into a Canadian high-interest savings account can help you grow your money while you decide your next move. moneysense.ca Read More ... Unsure about buying a home? Why you should open an FHSA now anyway - MoneySense Saving for a down payment? Or on the fence about home ownership? Either way, opening a first home savings account by Dec. 31 is smart. moneysense.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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🌲 8th Nov 2024 - Best Places to Live in Canada in 2024!

💥 Friday 8th November 2024 💥 Quick Easy Fix-Ups: FREE Report! GTA Real Estate Daily: Hot Headlines! "Your Key to Real Estate Success: Free Reports & Sizzling Listings!" "GTA Real Estate Daily: Hot Headlines" is your essential source for the latest developments in the Greater Toronto Area's 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 the GTA real estate scene. Stay connected with "GTA Real Estate Daily: Hot Headlines." How Can Homeowners Execute Quick Easy Fix-Ups to Transform Outdoor Spaces into Functional and Enjoyable Areas? Homeowners can implement a variety of quick and easy fix-ups to transform their outdoor spaces into functional and enjoyable areas. Here are some effective strategies: 1. Declutter and Organize Remove Unwanted Items: Clear out any debris, old furniture, or items that do not belong in the outdoor space to create a clean slate. Organize Furniture: Arrange outdoor furniture in a way that promotes conversation and functionality, ensuring pathways are clear. 2. Enhance Curb Appeal Freshen Up Landscaping: Trim hedges, mow the lawn, and add fresh mulch to flower beds for an instant refresh. Plant Colorful Flowers: Incorporate seasonal flowers or potted plants to add color and vibrancy to the outdoor area. 3. Create Defined Spaces Use Outdoor Rugs: Place outdoor rugs to define seating areas and create a cozy atmosphere. Install Planters or Borders: Use planters, decorative stones, or wooden borders to delineate different areas, such as dining and lounging spots. 4. Add Functional Features Install a Fire Pit: A simple fire pit can become the centerpiece of an outdoor gathering space, perfect for warmth and ambiance. Set Up a BBQ Station: Create a designated area for grilling with a portable grill and necessary tools, making outdoor cooking more accessible. 5. Improve Lighting Add String Lights: Hang string lights or solar-powered lanterns to create a warm, inviting atmosphere in the evenings. Install Pathway Lighting: Use solar lights along walkways to enhance safety and add charm to the space. 6. Upgrade Seating Areas Add Cushions: Refresh outdoor seating with colorful, weather-resistant cushions for comfort and style. Create a Hammock Zone: Install a hammock between two trees for a relaxing retreat. 7. Incorporate Shade Options Use Umbrellas: Place patio umbrellas over dining areas to provide shade and comfort during hot days. Install Shade Sails: For a stylish option, consider installing fabric shade sails to cover larger areas. 8. Personalize with Decor Add Outdoor Art: Use wall art or decorative signs to express personal style and make the space feel welcoming. Incorporate Water Features: Small fountains or bird baths can add tranquility and attract wildlife, enhancing the overall ambiance. 9. Implement Practical Solutions Add Storage Solutions: Use outdoor storage boxes or benches to keep gardening tools and outdoor games organized and out of sight. Set Up a Compost Bin: Encourage eco-friendliness by setting up a compost area for organic waste. 10. Plan for Seasonal Use Winter Preparations: In colder months, make sure to clear and store outdoor furniture, or invest in weather-resistant pieces. Seasonal Decor: Change decorations seasonally to keep the space looking fresh and inviting throughout the year. Conclusion By executing these quick and easy fix-ups, homeowners can transform their outdoor spaces into functional and enjoyable areas that enhance their living experience. Whether it’s creating inviting seating areas, improving lighting, or adding personal touches, these small changes can make a significant impact on how outdoor spaces are used and appreciated. "🔥Toronto Real Estate: Hot News & Trends 🏡" Best Places to Live in Canada in 2024 Our guide to the best places to live in Canada in 2024 provides an in-depth look at top cities that offer affordability, employment opportunities, manageable moving expenses to Canada and a high standard of living money.ca 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 ... Toronto home sales heat up as rate cuts attract buyers Lower borrowing costs, stable prices prompt buyers to re-enter Toronto's housing market mpamag.com Read More ... BoC official warns against playing with mortgage rules to make housing affordable The Bank of Canada's senior deputy governor is warning against adjusting mortgage rules to try to make the prospect of home ownership more affordable. ctvnews.ca Read More ... Canada’s mortgage market—A question of balance Senior Deputy Governor Carolyn Rogers looks at the mortgage market in Canada—past, present and future. bankofcanada.ca Read More ... New mortgage rules: Relief or risk for first-time buyers? “When it comes to housing policy, there are never easy answers, and there are always trade-offs that need to be balanced.” realestatemagazine.ca Read More ... The Bidding War finds humour in the darkness that is Toronto's real estate market | CBC Arts Play premieres Nov. 12 at The Crow’s Theatre cbc.ca Read More ... Toronto home sales spike as buyers seize on lower interest rates Falling interest rates draw more buyers back to GTA housing market in October wealthprofessional.ca Read More ... Real estate listings and sales data show it's a buyer's market right now - Housewise I’ve been asked what is happening in the real estate market with increasing frequency in the last few months. castanet.net Read More ... Toronto home sold at $500k loss after 3 weeks on market is sign of desperate times Although market conditions in Toronto tightened up in October, prospective home buyers still benefitted from lots of inventory and increased choice. … blogto.com Read More ... Toronto Real Estate Prices Roll Back To 2021 Levels, Near Technical “Crash” - Better Dwelling The Greater Toronto real estate price boom continued to unwind last month. Toronto Regional Real Estate Board (TRREB) data shows the price of a composite benchmark (typical) home fell once again in October. Prices have now rolled back to where they were 3-years ago, falling nearly half the cost of a home just 10-years prior.  […] betterdwelling.com Read More ... London’s property tax hike reduced, but rents expected to stay high: Western prof London’s 2025 property tax rate increase for 2025 is 1.3 per cent lower than projected, but a Western professor says high demand, low vacancy rates and a potential province-wide property westerngazette.ca Read More ... Rents in Canada decline nationally for the first time since COVID - Indo-Canadian Voice AVERAGE asking rents for all residential property types in Canada fell by 1.2% year-over-year in October, marking the first annual rent decline since July 2021, according to the latest National Rent Report from Rentals.ca and Urbanation. Average rents across the country now stand at $2,152 per month, equal to a $49 reduction per month since July. The decline in rent […] voiceonline.com Read More ... Bank of Canada urges caution: Mortgage market tweaks may backfire Housing fix needs patience, says Bank of Canada, as quick mortgage solutions carry long-term risks wealthprofessional.ca Read More ... October sales gains an inflection point for Canada’s housing markets? - RBC Thought Leadership Interest rate cuts are finally boosting housing market activity in a visible way across Canada. Early results for October from local real estate boards almost universally showed big jumps in home resales from September. thoughtleadership.rbc.com Read More ... Here's how much it costs to rent an apartment in Ottawa this fall The cost of renting an apartment in Ottawa dropped in October, with lower rental rates for bachelor and two-bedroom apartments. ottawa.ctvnews.ca Read More ... Vancouver rents remain high above decreasing national prices Average rents in B.C. are down 3.4 per cent compared to this time last year, but a market analyst says Vancouver rents remain extremely high. vancouver.citynews.ca Read More ... One-bedroom rent still above national benchmark in Brampton despite Canada-wide average drop of 1.2%: report | inBrampton Price drops in some of Canada’s biggest rental markets led to a nationwide dip in average asking rents last month, but some Brampton renters were paying nearly $200 more than the benchmark according to a new report. insauga.com Read More ... Rents down in major urban centres across Canada; Oshawa showing small year-over-year drop | INdurham Average asking rents for all residential property types in Canada fell by 1.2 per cent year-over-year in October, marking the first annual rent decline since July 2021, according to the latest National Rent Report. Monthly rents across the country now average $2,152, equal to a $49 reduction per month since July. The decline in rent growth […] durham.insauga.com Read More ... Toronto landlord slammed for ridiculous list of tenant rules including charge for visitors As the average rent for a one-bedroom apartment in Toronto creeps above a mark most people can't reasonably afford on their own, sketchy listings con… blogto.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