2nd June 2023 - Toronto's Real Estate Market: Your Daily Digest!

★ Friday 2nd June 2023 ★ FREE Home Evaluation Toronto GTA Toronto's Real Estate Market: Your Daily Digest! "Elevating your Real Estate game with insider knowledge of the GTA Market" Welcome to "Toronto's Real Estate Market: Your Daily Digest!" Our daily newsletter is your ultimate source for staying up to date with the ever-changing real estate landscape in Toronto. We understand that time is precious, so we curate the most important news, trends, and insights and deliver them straight to your inbox. Whether you're a buyer, seller, investor, or industry professional, our digest provides you with a concise and comprehensive overview of the market. From new developments and neighborhood spotlights to pricing updates and expert analysis, we cover it all to ensure you have a well-rounded understanding of Toronto's real estate market. Don't miss out on crucial information that can impact your decisions. Subscribe now and start your day with "Toronto's Real Estate Market: Your Daily Digest!" How does the FREE Home Evaluation process work? The process of getting a free home evaluation typically involves the following steps: Contact a Real Estate Agent: Reach out to a reputable real estate agent or brokerage that offers free home evaluations. You can do this by phone, email, or through their website. Provide Property Details: The agent will ask you for information about your property, such as its address, size, number of bedrooms and bathrooms, amenities, recent upgrades, and any other relevant details. The more accurate and comprehensive the information you provide, the more accurate the evaluation will be. Schedule an Appointment: The agent will arrange a suitable time to visit your property and conduct an in-person assessment. This visit allows them to gather more specific details about your home's condition, location, and other factors that can affect its value. Comparative Market Analysis (CMA): The agent will analyze recent sales data and compare your property to similar properties in the area. They will consider factors such as location, size, condition, age, and market trends to estimate the current market value of your home. Evaluation Report: After analyzing the data, the agent will prepare an evaluation report that outlines their findings and provides an estimated value range for your property. This report will be presented to you along with any additional insights or recommendations based on their expertise. It's important to note that a free home evaluation is an estimate and should not be considered an official appraisal. However, it can give you a good idea of your property's approximate value in the current market. If you're planning to sell your home, a free evaluation can help you determine a competitive listing price. If you're not selling, it can still provide valuable information about your property's worth and market conditions. CBC News These Toronto tenants are sick of above-guideline rent increases. Now, they're taking action | CBC News The residents of 33 King St., near Weston Road, are withholding rent from their corporate landlord Dream Unlimited, demanding the company commit to no more above-guideline rent increases. cbc.ca READ MORE >> MoneySense Should you move to Alberta? - MoneySense Tempted by the call of the mountains, you might be wondering about moving to Alberta. Here’s what to know about housing, the cost of living and more. moneysense.ca READ MORE >> Canadian Mortgage Professional Has the possibility of a Bank of Canada rate hike increased? Central bank says that there's no likely respite from the high-rate environment any time soon mpamag.com READ MORE >> Posthaste Posthaste: Canadians' high mortgage debt a 'ticking time bomb' as renewals loom Banks are offering leniency on variable-rate mortgages at their trigger rate, but it could create more mortgage debt at renewal. Read on. countyweeklynews.ca READ MORE >> Vancouver Is Awesome Richmond condo development stalls due to 'rising interest rates' Thind Properties has halted its Minoru Square project and is returning the 20 per cent deposit to the pre-sale buyers vancouverisawesome.com READ MORE >> Real Estate Magazine Quebec brokers fired in alleged scheme to manipulate property bids Quebec's regulator is investigating after La Presse uncovered troubling allegations that two brokers submitted bogus offers to inflate bids. realestatemagazine.ca READ MORE >> The Canadian Press B.C. names 10 cities for faster development to help address housing crisis VANCOUVER — British Columbia will set housing targets for 10 municipalities in an effort to tackle the provincial housing crisis by fast-tracking development. nationalpost.com READ MORE >> Canadian Mortgage Trends How can we fix Canada's housing supply crisis? This panel of experts has some ideas... - Mortgage Rates & Mortgage Broker News in Canada There's no doubt that Canada is currently in the midst of a housing supply crunch. The big question is, what can be done by governments to address it? canadianmortgagetrends.com READ MORE >> Insauga Detached home sales on the rise in Durham Region and the GTA | inDurham Detached homes continue to be one of the most popular options for buyers in 2023 in the GTA and especially in Durham Region where sales were up 104.6 per cent from January to March this year. In fact, five of the seven regions surveyed by real estate broker Zoocasa, which analyzed average detached home prices, […] insauga.com READ MORE >> Money Talks News How to Rent or Buy Real Estate in Unregulated Markets The real challenge in foreign real estate may not be what you think it is. moneytalksnews.com READ MORE >> Streets of Toronto Get a Californian beach house right in the city with this $4.99M home Listed for $4.999 million, 1 Lake Shore Dr. in Etobicoke is one of under 200 residential waterfront properties in the area streetsoftoronto.com READ MORE >> blogTO The top 4 features to love about this emerging St. Catharines community near Toronto For most people, owning a piece of real estate is a key life goal. But, given Ontario's red-hot housing market, many people are left feeling priced... blogto.com READ MORE >> The Canadian Press Toronto multiplex policy aimed at boosting housing welcomed by observers A new policy allowing single family homes to be converted into low-rise multiplexes in Toronto is being hailed by observers as a welcome move, although experts warn it won't make housing more affordable in Canada's most populous city right away. toronto.ctvnews.ca READ MORE >> BNN Bloomberg The cost of a single-detached house in the GTA shot up in the first quarter of 2023 - BNN Bloomberg A new report from the real estate website Zoocasa, sourcing data from the Toronto Regional Real Estate Board, found first-quarter single-detached home prices in the Greater Toronto Area climbed in every area except Dufferin County, while prices in the City of Toronto and the Halton Region climbed, 14.95 per cent and 14.46 per cent, respectively. bnnbloomberg.ca READ MORE >> The Canadian Press Calgary home sales reach new May record: real estate board | CBC News The Calgary Real Estate Board says the market hit a new May record for sales as the number of properties that changed hands reached 3,120 last month. cbc.ca READ MORE >> CBC News Hamilton's short-term rental bylaw halted so city staff can focus on plan to stop renovictions | CBC News The new bylaw was supposed to go into effect Thursday, which would've made it illegal for property owners to rent out homes for less than 28 consecutive days on sites like Airbnb if they don't actually live there.  cbc.ca READ MORE >> Global News Man renting home impersonates owner, applies for mortgage, takes funds: Toronto police - Toronto | Globalnews.ca A man renting a home impersonated the owner, applied for a mortgage and then took the funds, Toronto police allege, and officers say the suspect may have committed similar crimes. globalnews.ca READ MORE >> Insauga More victims of Oshawa rental scam come forward bringing total to 42 | inDurham Another seven people have come forward with allegations they were defrauded in a scam to collect first-and-last rent payments for apartments that don’t exist. Victims began to come forward in early May, reporting they had initially seen ads on Facebook Marketplace. The ads were ostensibly for apartments in London, Ont. However, after the victims sent […] insauga.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 Toronto GTA. Contact me today!" Click Here For Hot New Current Available Toronto Real Estate Board [TREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, or Investing 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. GTA Toronto How does Rent-To-Own Homes work? Visit: http://www.manojatri.com/tour_homes  | Click Here for Power of Sale GTA Listings. Manoj Atri, REALTOR®  Experienced Toronto Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credit Low or Zero down With Cash Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 C: [416] 275-2089 | O: [416] 494-7653 | E: Manoj@ManojAtri.com Websites:   ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca SearchRealEstateInToronto.ca | Rent to Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Pinterest • Tumbler Instagram • Twitter • Facebook • LinkedIn • Youtube • Client Testimonials © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here

1st June 2023 - Curated GTA Real Estate News: Stay Ahead!

★ Thursday 1st June 2023 ★ Power-of-Sale Toronto GTA Listings Curated GTA Real Estate News: Stay Ahead! "Toronto Real Estate Update: Daily Recap of the Hottest Market News" Welcome to "Curated GTA Real Estate News: Stay Ahead!" Our daily newsletter is your exclusive source for curated news, insights, and updates in the fast-paced Greater Toronto Area real estate market. We understand that staying ahead is crucial, and that's why our team of experts handpicks the most relevant and impactful stories to keep you well-informed and ahead of the curve. Whether you're a buyer, seller, investor, or industry professional, our curated news brings you the latest market trends, emerging neighborhoods, investment opportunities, and expert perspectives. Don't waste time searching through countless sources – we do the work for you. Subscribe now and let our curated GTA Real Estate News be your guide to staying ahead and making informed decisions in this dynamic market. How to Successfully Buy Toronto GTA Power of Sale Real Estate Listings? Successfully buying Toronto GTA power of sale real estate listings requires careful planning and knowledge of the process. Here are some steps to help you navigate the purchase successfully: Research and Preparation: Start by researching power of sale properties in the Toronto GTA area. Understand the legalities, risks, and potential benefits associated with these listings. Get familiar with the local market and property values to assess whether a power of sale property is a good investment. Financing and Pre-approval: Determine your budget and secure pre-approval from a lender. Power of sale properties often require quick financing, so having pre-approval in place strengthens your position as a buyer. Engage a Real Estate Professional: Work with an experienced real estate agent who has expertise in power of sale transactions. They can provide guidance, access to listings, and assist you throughout the process. Property Research and Due Diligence: Conduct thorough research on the specific power of sale property you are interested in. Obtain a status certificate (if applicable), review property conditions, and investigate any outstanding liens or legal issues. Property Inspection: Hire a qualified home inspector to assess the property's condition. This helps identify any potential problems or costly repairs. Offer Preparation and Negotiation: Prepare a competitive offer with the assistance of your real estate agent. Take into account the property's value, market conditions, and any necessary repairs. Negotiate terms and conditions with the seller or their representative. Closing Process: If your offer is accepted, work closely with your lawyer and lender to complete the necessary paperwork, secure financing, and satisfy any conditions outlined in the agreement. Closing and Possession: Once all conditions are met, the closing process concludes with the transfer of funds and possession of the property. Ensure you have appropriate insurance coverage in place before taking possession. It's important to note that power of sale properties can be complex, and the process may vary depending on the specific situation. Engaging professionals, conducting thorough due diligence, and having a solid understanding of the legal and financial implications will contribute to a successful purchase of a power of sale property in the Toronto GTA area. Real Estate Magazine Unlocking savings: A guide to government housing incentives to help your clients Navigating the daunting world of homeownership can be challenging for clients. As a realtor, you can help by providing the right information. realestatemagazine.ca READ MORE >> Canadian Mortgage Trends Lenders—including some big banks—are hiking fixed mortgage rates again - Mortgage Rates & Mortgage Broker News in Canada The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows a more than 70-basis-point surge in the Government of Canada 5-year bond yield, which typically leads fixed mortgage rate pricing. It’s now at a 14-month high of 3.58% as of Monday, up from a recent low of 2.87% earlier this month. BMO, CIBC and RBC have all increased some of their posted fixed mortgage rates […] canadianmortgagetrends.com READ MORE >> CHCH Burlington condo owner hit with $40K water main repair bill Delores Duncan, 69, has lived in Burlington for much of her life. chch.com READ MORE >> Insauga Hamilton delays rolling out new short-term rental licensing program | inTheHammer   Hamilton has delayed implementing its new licensing program for short-term rental accommodations such as Airbnb. The City announced today (May 31) on Twitter that due to council’s “shift in priorities,” the program will be reviewed later this year. It will start accepting short-term rental licences in December. The City linked to a communication update […] insauga.com READ MORE >> Real Estate Magazine The Sunderland Case: Allegations of conspiracy and price-fixing in real estate Navigating a complex landscape of legal hurdles, Natalka Falcomer explores the Sunderland statement of claim and the numerous challenges it will face. realestatemagazine.ca READ MORE >> Better Dwelling Canadian Real Estate Prices May Hit A Roadblock As Bonds Surge - Better Dwelling Canada’s falling bond yields provided cheap mortgage credit, helping to boost home prices. Now it’s reversing course, with Government of Canada (GoC) 5 year bond yields rising sharply. The yields directly influence fixed mortgage rates, and over just a few days they’ve nearly reversed the discount given after the US banking crisis. Higher rates will […] betterdwelling.com READ MORE >> Money Sense The best 5-year fixed mortgage rates in Canada - MoneySense You have so many options for finding the best mortgage rate for you. Here’s how you can compare some of the best fixed rates available. moneysense.ca READ MORE >> Chart Attack Optimizing Your Home for Sale: An Expert's Guide to the Market - Chart Attack Are you considering selling your home? The process can be daunting, particularly for first-time sellers. But with the right guidance, you can get your house ready for the market and attract the best possible offers. Chris Hadley, the founder of Third Coast Home Buyers, shares his expert insights on preparing your home for a successful […] chartattack.com READ MORE >> Global News Montreal real estate developer to let rental board decide on case of holdout tenant | Globalnews.ca Mondev senior partners Michael and David Owen say they've already made numerous offers to tenant Carla White, who has so far refused to leave her apartment. globalnews.ca READ MORE >> BIV B.C. lawyer loses misconduct appeal after shady real estate deals The law society found the Richmond lawyer's clients were conducting transactions that were under 'objectively suspicious circumstances' biv.com READ MORE >> Toronto Life Condo of the Week: $599,000 for a Stockyards industrial loft in a former tannery At 900 square feet, this unit comes with 11-foot-ceilings, wall-to-wall storage, huge windows and floors made from an old barn torontolife.com READ MORE >> Real Estate Magazine NSAR adds sold price of listings to Realtor.ca The Nova Scotia Association of Realtors has partnered with CREA to make the sold price of listings in the province available to consumers. realestatemagazine.ca READ MORE >> Better Dwelling Canadian Bank Had “Deficient” Anti-Money Laundering Controls: Class Action - Better Dwelling Canada is known for three things these days—maple syrup, hockey, and money laundering. Earlier this month, poor attention to the last one may have derailed TD’s $13.5 billion acquisition of US bank First Horizon. Now Robbins LLP, a firm specializing in shareholder rights, has made it the center of a new class action suit. The […] betterdwelling.com READ MORE >> blogTO The tallest condo in Canada is coming to Ontario but it's not in Toronto A new skyscraper currently in the works for Southern Ontario is slated to become the tallest condo building in the entire country if developers man... blogto.com READ MORE >> Canadian Mortgage Trends How can we fix Canada's housing supply crisis? This panel of experts has some ideas... - Mortgage Rates & Mortgage Broker News in Canada There's no doubt that Canada is currently in the midst of a housing supply crunch. The big question is, what can be done by governments to address it? canadianmortgagetrends.com READ MORE >> Global News Bank of Canada will ‘actively’ talk about rate hikes after GDP surprise, experts say - National | Globalnews.ca The first-quarter GDP figures are the final major economic release on the docket before the Bank of Canada's interest rate decision on June 7. globalnews.ca READ MORE >> CRA Ottawa landlord fined for tax evasion - Canada.ca The Canada Revenue Agency (CRA) announced that Chi Van Ho (Ho) of Ottawa, Ontario, was sentenced on May 19, 2023, in the Ontario Court of Justice, Ottawa Courthouse, to a total fine of $27,759. Ho was found guilty on March 31, 2023, of tax evasion under the Income Tax Act. canada.ca READ MORE >> Money Talks News 7 Things Homebuyers Can and Should Haggle On You might be surprised by how many ways there are for homebuyers save on such a large purchase. moneytalksnews.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 Toronto GTA. Contact me today!" Click Here For Hot New Current Available Toronto Real Estate Board [TREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, or Investing 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. GTA Toronto How does Rent-To-Own Homes work? Visit: http://www.manojatri.com/tour_homes  | Click Here for Power of Sale GTA Listings. Manoj Atri, REALTOR®  Experienced Toronto Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credit Low or Zero down With Cash Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 C: [416] 275-2089 | O: [416] 494-7653 | E: Manoj@ManojAtri.com Websites:   ManojAtri.com | ManojAtri.ca | SearchHousesForSale.ca SearchRealEstateInToronto.ca | Rent to Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Pinterest • Tumbler Instagram • Twitter • Facebook • LinkedIn • Youtube • Client Testimonials © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here