✂️ 24th Oct 2024 - Bank of Canada makes a chunkier Rate cut, lowering by half point for 1st time since pandemic!

💥 Thursday 24th October 2024 💥 Rent-To-Own Homes Toronto GTA Real Estate Daily: Hot News Alerts! "Your Key to Real Estate Triumph: Free Reports & Hot New Listings!" "GTA Real Estate Daily: Hot News Alerts" delivers timely and crucial updates straight from the heart of the Greater Toronto Area's real estate market. Every day, we provide you with breaking news, market shifts, and expert insights to keep you ahead of the game. Whether you're a buyer, seller, investor, or simply interested in the market, our alerts ensure you’re always informed about the most important trends and opportunities. Stay connected and ready to act with "GTA Real Estate Daily: Hot News Alerts." Are there any restrictions or limitations on the types of properties that are available for rent-to-own arrangements, such as condominiums, single-family homes, or multi-unit buildings? Yes, there are typically restrictions and limitations on the types of properties available for rent-to-own arrangements. These restrictions can vary based on location, property type, and the specific terms set by landlords or property managers. Here’s an overview of the common limitations regarding rent-to-own arrangements: 1. Property Types Single-Family Homes: These are the most common type of property for rent-to-own agreements. They often appeal to families looking to eventually purchase a home, making them a popular option for landlords offering this arrangement. Condominiums: Rent-to-own options may be available for condominiums, but they are less common. This can be due to association rules or regulations that may restrict subleasing or renting with an option to purchase. Multi-Unit Buildings: Rent-to-own arrangements are typically less common for multi-unit buildings (like duplexes or apartment complexes) due to the complexities involved in financing and managing multiple tenants. Townhouses: Similar to single-family homes, townhouses may be available for rent-to-own arrangements, especially in family-oriented communities. 2. Property Condition Condition Requirements: Properties that are in good condition and are appealing to potential buyers are more likely to be offered in rent-to-own arrangements. Properties needing significant repairs or renovations may be less attractive for such agreements. Appraisal Considerations: The property must typically be appraised at a value that reflects its condition, which can impact whether it is suitable for rent-to-own. 3. Zoning and Local Regulations Zoning Laws: Local zoning laws can affect the types of properties that can be offered in rent-to-own arrangements. For instance, properties zoned for commercial use may not be eligible for residential rent-to-own agreements. Regulations: Some areas may have specific regulations governing rental agreements, including rent-to-own contracts, which can impact which properties are eligible. 4. Landlord Preferences Landlord Policies: Individual landlords or property management companies may have their own policies regarding which types of properties are available for rent-to-own. Some may prefer to offer this arrangement only on certain property types or within specific communities. Target Market: Landlords may choose to target specific demographics (e.g., families, young professionals) that are more likely to be interested in rent-to-own agreements, affecting the types of properties they offer. 5. Financial Considerations Affordability: The property must be affordable for potential buyers in the rent-to-own arrangement. High-value properties may not be practical for this model, as buyers must be able to make monthly rental payments and eventually secure financing to purchase. Financing Options: Availability of financing options for the eventual purchase can influence the type of properties offered. If lenders are hesitant to finance certain property types, landlords may avoid including them in rent-to-own arrangements. 6. Market Demand Local Market Trends: The demand for rent-to-own properties in a particular area can affect the types of properties available. In markets with high demand for affordable housing, landlords may be more inclined to offer various property types under rent-to-own agreements. Rental Market Conditions: If the rental market is competitive, landlords may prefer traditional rental agreements over rent-to-own, leading to fewer options in this category. Conclusion Rent-to-own arrangements can be an attractive option for many buyers, but there are specific restrictions and limitations regarding the types of properties available. Typically, single-family homes are the most common option, while condominiums, townhouses, and multi-unit buildings may also be considered depending on local regulations, property condition, and landlord preferences. Buyers interested in rent-to-own should work closely with real estate professionals to identify suitable properties and understand any applicable restrictions. Bank of Canada makes a chunkier rate cut, lowering by half point for 1st time since pandemic | CBC News The Bank of Canada has lowered its key interest rate to 3.75 per cent with a 50-basis-point cut, twice the size of the previous cut. cbc.ca READ MORE ... Mortgage Digest: Prospective homebuyers waiting for sub-3% BoC rate before acting, survey shows - Mortgage Rates & Mortgage Broker News in Canada A bi-weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases. canadianmortgagetrends.com READ MORE ... Calgary a leader in Canada's luxury real estate market, says Sotheby's | CBC News In a new report, Sotheby's International Realty Canada said Calgary solidified its position as a leader in top-tier real estate in the third quarter of this year. cbc.ca READ MORE ... What London's real estate market looks like now | CBC News After years of 'roller coaster' activity, London's market is showing signs of balance, says Bill Madder, CEO of the London and St. Thomas Association of Realtors. cbc.ca READ MORE ... Help young buyers find their home — and their community Discover how to meet the needs of young buyers in the housing market. Help Millennials and Gen Z find their perfect home and community. realestatemagazine.ca READ MORE ... Will Bank of Canada’s big rate cut wake up ‘sluggish’ housing market? - National | Globalnews.ca The Bank of Canada slashed key interest rates by half a percentage point, leading some experts to say this could spur movement in Canada's 'sluggish' housing market. globalnews.ca READ MORE ... Is the double rate cut announced by the Bank of Canada enough to revive the housing market? Today the Bank of Canada cut its key interest rate by 50-basis points. Is today's double rate cut enough to incentivize buyers to re-enter the housing market? Let’s see what it means for the Canadian housing market. rates.ca READ MORE ... The BoC’s latest interest rate cut: What to expect, how it affects the real estate market Understand the impact of the Bank of Canada's interest rate cut on the housing market, mortgage renewals and the broader financial landscape realestatemagazine.ca READ MORE ... Fourth straight interest rate cut may not bring buyers back to the market just yet TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet. biv.com READ MORE ... Bank of Canada lowers interest rate, much to the delight of homeowners and home buyers The bank's rate is what is used to help calculate mortgage and loan payments. For example, most lenders will now offer a prime lending rate at 5.95 per cent. toronto.com READ MORE ... Interest rate cut will give buyers confidence: local real estate experts Wednesday’s Bank of Canada interest rate cut of 50 basis points may not show true change in the London region’s housing market until as late as next spring. london.ctvnews.ca READ MORE ... Toronto landlords who evict tenants to renovate could require renovation licence as early as next summer Landlords who plan to evict tenants to renovate their properties may soon be required to apply for a licence and provide additional financial compensation to the tenants they are displacing. toronto.ctvnews.ca READ MORE ... Silenced and scrambling: Toronto tenants navigate ‘renovictions’ and landlord fears in city’s rental maze Expert analysis shows that landlords kick out their tenants to perform renovations and raise their rent. ca.news.yahoo.com READ MORE ... Four in ten renters give up on homeownership as rent and food prices rise A further three in ten say they cannot afford to buy a home for now wealthprofessional.ca READ MORE ... Do lower interest rates mean Toronto can speed up building housing? The Bank of Canada has announced the fourth straight cut to Canada’s key interest rate. Economists have blamed high interest rates and construction costs for the slowdown in new condo and rental housing builds. But as CBC’s Shannon Martin explains, even with rates trending downward, developers say Toronto is falling behind. cbc.ca READ MORE ... Toronto’s luxury condo market takes a hit as sales over $1 million drop 35 per cent Conditions have tipped in favour of buyers, as the luxury condo market sees a similar inventory increase as the under-$1 million market, Sotheby's says. therecord.com READ MORE ... City staff unveil draft renovictions bylaw to protect tenant rights | CBC News Toronto city staff unveiled a draft renovictions bylaw to protect tenants from unlawful evictions on Wednesday, set to be considered by city council in November. A staff report defines renovictions as when a landlord illegitimately evicts a tenant by alleging 'vacant possession' of a rental unit is required to do renovations or repairs.  cbc.ca READ MORE ... Bank of Canada Makes Supersized Cut, Panics Over Slow Economy & Population - Better Dwelling Canadian households are celebrating cheaper credit after rates were further slashed. This morning the Bank of Canada (BoC) made its October rate announcement, slashing the overnight rate by 0.5 points in a single move. The “supersized” cut was widely expected by the market, but reinforces a troubling picture the central bank’s accompanying report confirmed. Canada’s […] betterdwelling.com READ MORE ... Stunning $24 million Toronto mansion boasts outrageously fancy underground garage There are a lot of things $24 million can buy, like an award-winning winery in Tuscany or Cristiano Ronaldo's car collection. It can also buy 80 Ches… blogto.com READ MORE ... Toronto could make it much harder for landlords to kick out tenants in 2025 Drawing inspiration from a Hamilton bylaw enacted this year, Toronto could soon introduce landmark legislation that would prevent landlords from exec… blogto.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: 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

😡 23rd Oct 2024 - 117 Homebuyers out Millions, as Ontario Builder admits to Selling Homes without legal approvals!

💥 Wednesday 23rd October 2024 💥 Questions Agents Hate! Toronto Real Estate Today: Hot Daily Brief! "Expert Guidance for Homebuyers & Sellers: Free Reports & Top Listings!" "Toronto Real Estate Today: Hot Daily Brief" is your essential daily update on the latest trends, property news, and expert insights shaping Toronto’s real estate market. Each day, we deliver a concise, curated selection of market shifts, top property listings, and actionable information to help you stay ahead in the dynamic Toronto real estate landscape. Whether you're buying, selling, investing, or just staying informed, "Toronto Real Estate Today: Hot Daily Brief" ensures you're always up to date with the hottest opportunities and developments. Are there any best practices or guidelines for buyers to follow when they encounter resistance or reluctance from a REALTOR® to address specific inquiries or concerns? When buyers encounter resistance or reluctance from a REALTOR® to address specific inquiries or concerns, it’s important to approach the situation thoughtfully and strategically. Here are some best practices and guidelines that can help buyers effectively communicate with their agent and ensure their questions are addressed: 1. Clarify Your Concerns Be Specific: Clearly articulate your concerns or questions. Instead of vague inquiries, frame specific questions that pinpoint the information you need. Prioritize Issues: Determine which concerns are most critical to your decision-making process. Prioritizing your questions can help the REALTOR® focus on the most pressing issues. 2. Establish Open Communication Create a Comfortable Environment: Approach your REALTOR® in a friendly manner. Building rapport can encourage openness and a willingness to address concerns. Use Positive Language: Frame your questions positively to foster constructive dialogue. For example, instead of saying, “Why won’t you answer my question?” you might say, “I’d appreciate your insights on this issue.” 3. Listen Actively Be Receptive: When your REALTOR® responds, listen carefully to their reasoning. There may be valid reasons for their reluctance, such as legal limitations or ethical considerations. Ask for Clarification: If their response is unclear or insufficient, ask follow-up questions to gain a deeper understanding of their perspective. 4. Express Your Expectations Communicate Your Needs: Clearly express your expectations regarding communication and responsiveness. Let your REALTOR® know that addressing your concerns is crucial to your trust and confidence in the process. Set Boundaries: If certain concerns are non-negotiable for you, communicate this clearly. For example, if you require full disclosure on a property’s condition, make that known. 5. Utilize Written Communication Email or Text: If verbal communication proves difficult, consider sending an email or text outlining your questions and concerns. This provides a written record and gives your REALTOR® time to consider their responses carefully. Documentation: Keep records of communications, including dates and content. This can be useful if you need to escalate issues later. 6. Seek Additional Resources Consult Other Professionals: If your REALTOR® remains reluctant to address your concerns, consider consulting other professionals, such as real estate attorneys or inspectors, for additional insights and information. Access Online Resources: Utilize reputable online resources, real estate forums, and community groups for information related to your inquiries. 7. Request a Meeting Schedule a Dedicated Discussion: If concerns persist, request a dedicated meeting with your REALTOR® to discuss your inquiries in detail. A focused conversation may yield better results. Use a Neutral Space: Meeting in a neutral space, like a coffee shop or office, may help create a more relaxed environment for open dialogue. 8. Evaluate the Relationship Assess Compatibility: If your REALTOR® consistently resists addressing your concerns, it may indicate a lack of compatibility or understanding of your needs. Assess whether this is the right agent for you. Consider a Change: Don’t hesitate to consider switching to a different REALTOR® if you feel your inquiries are not being taken seriously. A good professional should be responsive to your concerns. 9. Escalate When Necessary Contact Their Brokerage: If your concerns remain unaddressed and are serious, consider reaching out to the brokerage the REALTOR® is affiliated with. They may be able to mediate the situation. File a Complaint: As a last resort, if you believe the REALTOR® is acting unprofessionally or violating ethical standards, you may file a complaint with the local real estate board or regulatory authority. 10. Maintain Professionalism Stay Respectful: Regardless of the situation, maintaining a respectful and professional demeanor can help facilitate better communication and prevent escalating tensions. Focus on Solutions: Keep the focus on finding solutions rather than assigning blame, which can help foster a collaborative environment. Conclusion Navigating resistance from a REALTOR® can be challenging, but by following these best practices and guidelines, buyers can effectively communicate their concerns and ensure they receive the information they need. Open and clear communication, combined with a willingness to seek additional resources, will help buyers make informed decisions throughout the home buying process. Ultimately, a good REALTOR® should be committed to addressing their clients' inquiries and ensuring their needs are met. 117 homebuyers out millions, as Ontario builder admits to selling homes without legal approvals | CBC News More than 100 people are out tens of thousands of dollars each, after Sunrise Homes, the developer of a pre-construction home project in Ontario, entered receivership. The builder admitted to CBC Toronto that he's been selling homes without getting legal approvals to do so for years. cbc.ca READ MORE ... Will there be another rate cut in October? The Bank of Canada is set to make a rate announcement on October 23, and TD Economics predicts that the central bank will cut its lending rate. stories.td.com READ MORE ... New rule allows larger refinancing for secondary suite creation - The Mortgage Gal Mortgage rule changes seem to be coming at us fast and furious. This isn’t surprising given that we are in an election year. castanet.net READ MORE ... Ahead of Bank of Canada rate announcement: Choosing between long and short-term mortgages in a falling rate environment As interest rates drop, Canadian homeowners face a crucial decision: secure a stable fixed-rate mortgage or take a risk with a variable-rate mortgage. Discover which option best suits your financial situation. money.ca READ MORE ... Why I’m willing to eat crow on the Bank of Canada call Why I’m willing to eat crow on the Bank of Canada call economics.td.com READ MORE ... OPINION: Is Realtor.ca selling its soul? The foundation of our success is that Realtor.ca is not revenue-driven and there’s no motivation to earn income from consumers — instead, there’s trust realestatemagazine.ca READ MORE ... How to Save for a Down Payment While Renting  | Zoocasa Blog Want to buy a home but still renting? Explore smart ways to save for a down payment, from cutting costs to side hustles, and make homeownership a reality. zoocasa.com READ MORE ... Government Incentives for First-Time Home Buyers in BC 2025 An overview of the federal and provincial assistance programs available to Canadians purchasing their first home in 2025. auxiliummortgage.com READ MORE ... Government Incentives for First-Time Home Buyers in BC 2025 An overview of the federal and provincial assistance programs available to Canadians purchasing their first home in 2025. auxiliummortgage.com READ MORE ... Mortgage payments dropping in Niagara, making it more affordable than many U.S. cities | inNiagaraRegion While interest rates are still much higher than they were pre-pandemic, a new report suggests that homeowners in the Niagara region are spending a little less in 2024 than they were in 2023–all while living in homes that are overall cheaper than some found south of the border. According to a recent report by real […] niagara.insauga.com READ MORE ... Two big banks predict 225 bps worth of BoC rate cuts over the next year - Mortgage Rates & Mortgage Broker News in Canada As we appraoach what’s expected to be the Bank of Canada's fourth consecutive interest rate cut this year, several major banks are forecasting that the rate-cutting cycle is far from over. canadianmortgagetrends.com READ MORE ... Don’t rule out 75bp cut in overnight rate, says CIBC economist Wednesday's interest rate decision by Bank of Canada could pack a large punch biv.com READ MORE ... Canada's Rising Unemployment Now A Greater Risk Than Mortgage Renewals: RBC - Better Dwelling The Greater Canadian mortgage renewal cliff was largely overblown, according to the country’s largest bank. In its latest research note, RBC states that aggressive easing means that not all households will renew at higher rates, and the impact will be smaller than anticipated. They warn that doesn’t mean we’re in the clear, as a much […] betterdwelling.com READ MORE ... Five things to watch from the Bank of Canada interest rate decision OTTAWA — The Bank of Canada will release its interest rate decision and monetary policy report on Wednesday. timminstoday.com READ MORE ... Best Canadian Neighbourhoods for Big-City Lovers with Kids Big-city lover with kids? These Canadian neighbourhoods should be on your watch list, as featured in RE/MAX’s 2024 Liveability Report. blog.remax.ca READ MORE ... What CREA's latest forecast really means for buyers and sellers in 2025 What does CREA's latest forecast mean for 2025? Explore the nuanced outlook on national home sales, interest rates and affordability realestatemagazine.ca READ MORE ... Mortgage Digest: Prospective homebuyers waiting for sub-3% BoC rate before acting, survey shows - Mortgage Rates & Mortgage Broker News in Canada A bi-weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases. canadianmortgagetrends.com READ MORE ... Posthaste: Bank of Canada rate cut unlikely to move the needle on housing market, says poll Bank of Canada is expected to cut its interest rate by 50 bps, but that may not be enough to draw buyers back to housing market. Read more intelligencer.ca READ MORE ... The Canadian mortgage stress test, explained Most home buyers in Canada will encounter the stress test when applying for a mortgage. Here’s how it works and what it means for borrowers. moneysense.ca READ MORE ... Will Bank of Canada interest rate cut spur B.C. real estate market? The Bank of Canada is set to cut its prime interest rate on Wednesday but no one's exactly sure how low they'll go. vancouver.citynews.ca 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: 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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