28th June 2023 Your Daily Greater Toronto Real Estate Fix

★ Wednesday 28th June 2023 ★ Toronto Real Estate Fixer Upper - Myths & Facts! Your Daily Greater Toronto Real Estate Fix! "Elevating your Home Buying and Selling experience with our exclusive Reports and sizzling Listings." Welcome to "Your Daily Greater Toronto Real Estate Fix!" Our newsletter is designed to satisfy your daily craving for the latest news, trends, and insights in the Greater Toronto real estate market. We understand that staying up to date is essential, and our daily fix delivers the most relevant and exciting content straight to your inbox. Whether you're a buyer, seller, investor, or simply a real estate enthusiast, our curated content covers a wide range of topics, including market updates, new developments, home buying tips, investment strategies, and more. Get your daily dose of Greater Toronto real estate and stay in the loop with our comprehensive and engaging newsletter. Subscribe now to "Your Daily Greater Toronto Real Estate Fix" and satisfy your appetite for all things real estate. What are some common Myths associated with Buying a Fixer-Upper Property? Buying a fixer-upper property in Toronto can be an exciting opportunity, but it's important to separate myths from reality. Here are some common myths associated with buying a fixer-upper property in Toronto: Myth: Fixer-uppers are always a great deal. Reality: While fixer-uppers can offer potential value, not all of them are good deals. It's crucial to thoroughly evaluate the property, assess the required repairs or renovations, and consider the overall cost and time involved. Sometimes, the cost of renovations can outweigh the potential savings, making it less advantageous. Myth: Renovations are easy and inexpensive. Reality: Renovations can be complex and costly. It's important to have a realistic understanding of the required repairs and renovations, as well as their potential impact on your budget and timeline. Unexpected issues may arise during the renovation process, so it's crucial to have a contingency plan and budget for unexpected expenses. Myth: Renovations always increase property value. Reality: While renovations can enhance property value, it's not a guarantee. The value added by renovations depends on various factors, including the quality of work, market conditions, and buyer preferences. It's important to research the local market and consult with professionals to assess the potential return on investment for specific renovations. Myth: DIY renovations are always cost-effective. Reality: DIY renovations can save money, but they are not always the most cost-effective option. Some renovations require specialized skills and knowledge, and attempting them without expertise can lead to costly mistakes. It's important to honestly assess your capabilities and consider hiring professionals when necessary to ensure quality work and avoid additional expenses. Myth: All fixer-uppers are eligible for mortgages. Reality: Some fixer-upper properties may not meet the requirements of traditional mortgage lenders due to their condition. Lenders may have specific criteria for property condition and required repairs. It's important to explore financing options suitable for fixer-upper properties, such as renovation loans or construction mortgages, and work with a knowledgeable mortgage professional to find the right solution. Myth: Fixer-uppers are only for investors. Reality: Fixer-uppers can be suitable for a variety of buyers, including first-time homeowners. While investors often seek opportunities in this market segment, buyers looking to customize a home or enter a desired neighborhood at a more affordable price can also benefit from fixer-uppers. It's important to assess your goals, resources, and commitment before diving into a fixer-upper project. When considering a fixer-upper property in Toronto, it's crucial to do thorough research, consult with professionals, and have a clear understanding of your budget and renovation capabilities. By separating myths from reality, you can make informed decisions and maximize the potential of your fixer-upper investment. GTA real estate market: Overbidding frenzy continues According to a recent analysis by Wahi, 68% of GTA neighbourhoods experienced overbidding in May, up from 57% in April. realestatemagazine.ca Read More ... Don’t give up on your dreams of home ownership Take advantage of every government program aimed at getting you into the housing market, Nicolas von Bredow writes. thespec.com Read More ... Are you earning enough to own a home in Kitchener? Those looking to purchase a home in many southwestern Ontario cities will need to have a gross annual household income of at least $200,000. kitchener.ctvnews.ca Read More ... Average income needed to buy a home in Cambridge hits $200K To buy a home 1,500 sq/ft home in Cambridge experts say you'll need a household income of $200,000 cambridgetoday.ca Read More ... Not sure what house to buy? There's and AI tool for that. A Canadian inventor has created an AI tool to help people navigate Vancouver’s real estate market. AI PropertyIQ uses GPT4 technology to crunch data and provide the pros and cons of every home listed on the market, but some experts are already warning buyers to make sure they're still doing their own research. cbc.ca Read More ... Ontario woman shocked condo won't allow her emotional support dog in unit An Ontario woman said she was shocked to learn her emotional support dog wouldn't be allowed into her new condominium building. toronto.ctvnews.ca Read More ... Toronto Real Estate Is Following Canada’s Climbing Mortgage Delinquencies  - Better Dwelling Canada’s largest real estate market is finally beginning to show some cracks. Equifax data reveals that Toronto mortgage delinquencies climbed again in Q1 2023. It’s inline with national data, which revealed increased mortgage delinquencies across the country. Normalization is expected after hitting record low rates, but it’s surprising to see since lenders are going to […] betterdwelling.com Read More ... Toronto cop convicted of claiming dead man’s $800K estate after ex-girlfriend illegally opened his mail and turned him in - NOW Toronto A Toronto police officer has been convicted of fabricating a will so he could gain an estate worth over $800,000. nowtoronto.com Read More ... Inflation on mortgage rate interest costs hits a record high - BNN Bloomberg Overall inflation slowed in May to 3.4 per cent, but interest on Canadian mortgage costs rose a whopping 29.9 per cent – the highest increase on record for a third consecutive month as central bank interest rate hikes drive up housing costs. bnnbloomberg.ca Read More ... Lenders now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates Some banks mostly offer fixed-payment variable mortgages which allows homeowners to keep monthly payments the same, but leaves them vulnerable to paying little off the principal, experts say. therecord.com Read More ... Banks poised to withstand rising mortgage debt: Equity analyst - BNN Bloomberg As higher borrowing costs drive up mortgage debt, one analyst said most of the risks for banks lie in renewals and Canadian lenders have a few years to prepare. bnnbloomberg.ca Read More ... Inflation hits 2-year low due to base effects, but unlikely to prevent another Bank of Canada rate hike - Mortgage Rates & Mortgage Broker News in Canada As expected, Canada's headline inflation rate fell to a two-year low in May, although the decrease was driving by sharply lower gasoline prices compared to last year. canadianmortgagetrends.com Read More ... A Dilemma for the BoC: Mortgage Interest Costs Were the Primary Driver in May's CPI Print Latest data from Statistics Canada shows consumer prices rose 0.4% month-over-month to an annualized 3.4% in May, marking a substantial thedeepdive.ca Read More ... 'Sell us your residential buildings,' Montreal tells property owners | CBC News The City of Montreal and the Société d'habitation et de développement de Montréal have been acquiring rental properties and rooming houses in order to keep rents affordable some tenants, but that hasn't gone far to ease the city's housing crisis. cbc.ca Read More ... You can buy an entire Toronto apartment building for $4.25 million (PHOTOS) | Urbanized For the price of a luxury home, you can buy an entire 10-unit apartment building that some are calling a "long-term investment opportunity." dailyhive.com Read More ... Condo of the Week: $1.7 million for a West Queen West unit with a pandemic-proof oasis on its roof The 1,500-square-foot property comes with hidden doors, 10-foot ceilings, three bathrooms and Japandi flair torontolife.com Read More ... Update: Should You Choose a Fixed- or Variable-Rate Mortgage? If you’re in the market for a mortgage today, you may be experiencing some sticker shock now that mortgage rates have risen to their highest levels in more than twenty years. movesmartly.com Read More ... TD expecting another Bank of Canada rate increase soon A BoC policy rate of 5% is almost a certainty, bank says mpamag.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 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. 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 & 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:   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 • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here

27th June 2023 - Greater Toronto Real Estate Insider: Daily Briefing

💥 Tuesday 27th June 2023 💥 Book Your FREE Consultation! Greater Toronto Real Estate Insider: Daily Briefing! "Your ultimate resource for informed decisions, FREE Reports, and the freshest Listings in the Market" Welcome to "Greater Toronto Real Estate Insider: Daily Briefing!" Our daily newsletter is your exclusive access to insider knowledge and insights in the Greater Toronto real estate market. We understand that being in the know is essential, and our newsletter delivers the most up-to-date information, market trends, and expert analysis straight to your inbox. Whether you're a buyer, seller, investor, or industry professional, our briefing covers a wide range of topics, including emerging neighborhoods, investment opportunities, market forecasts, and regulatory updates. Stay one step ahead and make informed decisions with our exclusive insider briefing. Subscribe now to "Greater Toronto Real Estate Insider: Daily Briefing!" and gain an edge in the competitive Greater Toronto real estate market. What are the benefits of booking a FREE consultation with a Toronto Agent? Booking a free consultation with a Toronto real estate agent can offer several benefits and provide valuable insights for your real estate journey. Here are some advantages of scheduling a consultation: Expert Advice: A real estate agent has in-depth knowledge of the Toronto market. They can provide expert advice tailored to your specific needs and goals. During the consultation, you can discuss your real estate objectives, whether it's buying, selling, or investing, and receive personalized guidance based on their expertise. Market Insights: A real estate agent stays up-to-date with the latest market trends, pricing dynamics, and neighborhood developments. They can provide you with valuable insights on market conditions, housing inventory, and emerging opportunities. Understanding the market can help you make informed decisions and identify the best strategies for buying or selling in Toronto. Customized Strategy: Based on your consultation, a real estate agent can develop a customized strategy that aligns with your goals and circumstances. Whether you're a buyer or a seller, they can help you navigate the complexities of the Toronto market, set realistic expectations, and develop an effective plan of action. Access to Listings: Real estate agents have access to a wide range of listings, including exclusive or pre-market properties. During the consultation, you can discuss your preferences, budget, and desired features, allowing the agent to curate a list of suitable properties tailored to your needs. This access can give you an advantage in finding the right home or investment opportunity. Negotiation Expertise: Real estate transactions involve negotiations, and an experienced agent can represent your interests and negotiate on your behalf. They can help you secure the best deal, whether you're buying or selling a property. Their negotiation skills and market knowledge can ensure you maximize your opportunities and achieve favorable outcomes. Guidance throughout the Process: A real estate agent provides guidance and support throughout the entire buying or selling process. From property search and showings to contract negotiation, paperwork, and closing, they can streamline the process and handle the administrative tasks, saving you time and minimizing stress. Network of Professionals: A reputable real estate agent typically has a network of trusted professionals, including mortgage brokers, home inspectors, lawyers, and contractors. They can provide referrals to reliable service providers who can assist you with various aspects of the real estate transaction. Booking a free consultation with a Toronto real estate agent allows you to tap into their expertise, market knowledge, and resources. It gives you an opportunity to assess their communication style, professionalism, and compatibility with your needs. Take advantage of this consultation to ask questions, gain clarity, and make an informed decision about whether to work with the agent to achieve your real estate goals in Toronto. 5 things you need to know before buying a pre-construction home in Ontario Purchasers in Ontario have to navigate a wealth of information during the home-buying process and if you choose to purchase a "pre-constructio... blogto.com READ MORE ... When will the Bank of Canada put the brakes on its rate-hike campaign? Economists weigh in on the possibilities for the central bank’s policy rate mpamag.com READ MORE ... Customizing the way homebuyers search fuels sales success Looking for a better homebuying search experience? Discover how AI is revolutionizing the search process and streamlining the journey for homebuyers with OneHome realestatemagazine.ca READ MORE ... BILD: A shift in mindset is necessary to build the homes Toronto needs In a few days, Torontonians will head to the polls to choose a new mayor. For many, housing is the key issue in this campaign, o.canada.com READ MORE ... Another week, another rise in fixed mortgage rates. How high could they go? - Mortgage Rates & Mortgage Broker News in Canada Another week and another round of fixed rate hikes have swept Canada's mortgage market. canadianmortgagetrends.com READ MORE ... What to know about buying property in the U.S. Canadians are the most common foreign buyers of property in the United States. But there can be a few hoops to jump through before closing. rates.ca READ MORE ... Surge of buyers speed up Canada’s housing market recovery: RBC report RBC Economics report finds sales growth in some Canadian markets while listings remain tight. o.canada.com READ MORE ... What to Ask Before Buying an Investment Property With Friends Thinking of buying an investment property with friends? Here are some important questions you should ask yourself first. hgtv.ca READ MORE ... Affordability challenges drive first-time homebuyers to make concessions Are you a first-time homebuyer struggling to afford the home of your dreams? A recent survey reveals some surprising trends.... realestatemagazine.ca READ MORE ... Spotlight: Stately end unit townhome in the “exclusive” Waterways of Muskoka community has it all Property includes deeded access to the Muskoka River and all the perks of low maintenance living newmarkettoday.ca READ MORE ... What a $5 Million House Looks Like in Toronto TORONTO, ON With interest rates rising and the housing market starting to cool, realtors are now calling it a buyer’s market. Nowhere is this more evident than in Toronto where a mere $5 million will [...] ungerreview.com READ MORE ... Victoria asks B.C. to clamp down on no-fault evictions, rent increases - Vernon Morning Star Capital UBCM resolution also hopes hopes province will boost biodiversity vernonmorningstar.com READ MORE ... These former Torontonians chose a more affordable Hamilton. Here's why they are here to stay | CBC News Torontonians go to the polls Monday to elect a new mayor, ending a campaign that saw Hamilton brought into the fold in discussions over Toronto's affordability. We speak to three people who moved to Hamilton from Toronto — and explain why they're glad they did. cbc.ca READ MORE ... Tiny home neighbourhood fought to stop now renting for $2,450 | Urbanized A tiny home at 456 Armadale Avenue just hit the market, offering 650 sq ft and renting for $2,450 per month. dailyhive.com READ MORE ... What are the top risks in Canada's mortgage market? Here are the big concerns… mpamag.com READ MORE ... Lina, 34, paid off a huge debt. Her biggest fear now? Her credit card The Toronto-based communications manager earns $65,000 annually, but pays $1,950 in rent, which eats up more than half of her take-home pay. toronto.com READ MORE ... Guelph tenant facing renoviction holds out hope of moving back in When Lauren Martin moved into her second-floor apartment on Guelph’s Eramosa Road seven years ago, her rent was $995 per month. Since then, her rent has gone up, but it guelphmercury.com READ MORE ... ANALYSIS | Will the Bank of Canada hike rates again? This week will decide | CBC News A wave of key economic data will be released this week. They'll show not just where the economy is but determine whether the Bank of Canada will continue to push ahead with interest rate hikes. cbc.ca READ MORE ... 5 Great Cottages for Sale in Ontario Looking for your own sweet spot in Cottage Country? Here are 5 great cottages for sale in Ontario – they're sure to go fast! blog.remax.ca READ MORE ... Canada’s Money Supply Is Growing At The Slowest Rate On Record - Better Dwelling Canadians are coming off a credit growth high, and while expected, it may not be pretty. Bank of Canada (BoC) data shows the M2++ broad money supply printed the lowest annual growth on record in April. That’s good news for tempering inflation, but bad news for the general economy.  M2++ Money Supply The M2++ is […] betterdwelling.com READ MORE ... B.C. homebuyers facing down payment pressure: Royal LePage Buyers getting financial assistance from family, looking at more affordable neighbourhoods biv.com READ MORE ... What are your rights as a tenant? How to rent your first home in Canada As a newcomer to Canada, it is likely that your first home will be a rented house or apartment. It is important to understand your rights as renter to ensure that renting your new home will provide you with a safe place where you can begin to adjust to your life in Canada. Discover if […] canadianinquirer.net 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 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. 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 & 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:   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 • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here