Wednesday, August 2, 2023

2nd Aug 2023 - Curated Insights: Greater Toronto Real Estate Daily

Wednesday 2nd Aug 2023
NEW vs Resale Homes!

Curated Insights: Greater Toronto Real Estate Daily!

"Empowering you with knowledge and opportunities in the world of Real Estate!"

Welcome to "Curated Insights: Greater Toronto Real Estate Daily!" Our daily newsletter is your exclusive access to carefully curated insights and valuable knowledge in the Greater Toronto real estate market. We understand that staying informed is crucial, so we bring you the most relevant and impactful insights, trends, and expert analysis straight to your inbox. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market updates, new developments, investment opportunities, and neighborhood spotlights. Gain valuable insights and make informed decisions with our daily newsletter. Subscribe now to "Curated Insights: Greater Toronto Real Estate Daily" and stay ahead of the game in the dynamic Greater Toronto real estate scene.

Deciding between a new home and a resale home in Toronto involves considering various factors that can significantly impact your homebuying experience and lifestyle. Here are some key factors to help you make an informed decision:

Advantages of a NEW Home:

  1. Customization: New homes often allow for more customization options, allowing you to select finishes, layouts, and design elements that suit your preferences and needs.

  2. Modern Features: New homes are built with the latest construction techniques and technology, often including energy-efficient systems, smart home features, and updated appliances.

  3. Warranty Protection: Many new homes come with a builder's warranty, providing coverage for defects and issues during the early years of homeownership.

  4. Low Maintenance: New homes generally require less immediate maintenance and repairs, as everything is brand new and built to current building codes and standards.

  5. Builder Incentives: Builders may offer incentives, such as discounts or upgrades, to attract buyers to new developments.

Advantages of a Resale Home:

  1. Established Neighborhoods: Resale homes are typically found in well-established neighborhoods with mature trees, amenities, and a sense of community.

  2. Move-In Ready: Unlike new homes that may require some time for construction, resale homes are ready for immediate occupancy.

  3. Negotiation Room: Sellers of resale homes may be more open to negotiation on the purchase price, giving you potential cost savings.

  4. Known History: With a resale home, you can learn about its history from the previous owners, including any renovations or improvements made.

  5. Character and Charm: Older homes often have unique architectural features and character that may not be found in new developments.

Additional Considerations:

  1. Budget: Consider your budget and how it aligns with the cost of new homes and resale homes in your desired area.

  2. Location: Evaluate the location of both new and resale homes, considering factors like proximity to work, schools, amenities, and transportation.

  3. Property Size: Determine your space requirements and whether new developments or resale homes offer properties that meet your needs.

  4. Timeframe: Assess your timeline for moving. New homes may have longer construction periods, while resale homes can offer quicker move-in options.

  5. Home Inspection: Whether new or resale, conducting a home inspection is essential to assess the property's condition and identify any potential issues.

  6. Builder/Developer Reputation: If opting for a new home, research the builder or developer's reputation and track record to ensure they deliver quality homes.

Ultimately, the decision between a new home and a resale home in Toronto depends on your specific preferences, lifestyle, budget, and timeline. Carefully weigh these factors, and consider seeking advice from a reputable real estate agent who can help you navigate the Toronto market and find the best option for your needs.

Manulife One: A lifesaver for homeowner-turned-broker facing financial crisis - Mortgage Rates & Mortgage Broker News in Canada
More homes are selling below listed prices, but mortgage brokers warn buyers aren't getting a better deal
Calgary home sales set new July record as they climbed 18% from last year: board
Despite high interest rates, July sales in Victoria saw $1.37M average for houses; condos, townhomes maintained plateau | Citified.ca
Alberta's push for Ontarians to move there seems to have worked as many eye property
The Sell: How this North York couple sold their home for over asking in just one day
Swanky Toronto penthouse for rent at a staggering $18k per month
Canada’s Population is Booming While Housing ‘Starts’ Tumble
Toronto-area condo sales see slowest first half of year in decade: real estate analysis company | CBC News
GTA new condo sales see slowest first half of year since 2013: Urbanation
$32M mansion shatters Whistler real estate sales record
Large-Scale Redevelopments Made Headlines in July on UrbanToronto | UrbanToronto
Canadian Inflation Is About To Get A Boost Due To A Base Effect: BMO  - Better Dwelling
GTA new condo sales see slowest first half of year since 2013: Urbanation
Edmonton and Calgary become top-searched cities for real estate
Metro Vancouver home sales have ‘skyrocketed’ since the beginning of 2023
ASK THE MONEY LADY: Addressing past decisions after rise in interest rates
Tenants rally as eviction notices sent to Thorncliffe Park residents on 4-month rent strike
I couldn’t find affordable student housing, so I settled for a mouldy basement. - Macleans.ca
GTA Condo Rents Hit New Record High, Up 31.7% In Two Years

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, 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 & 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 | 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
BlogInstagram
 LinkedInPinterest Twitter Tumblr Youtube Client Testimonials

© Copyright 2023 ManojAtri.com All rights reserved.
If you no longer wish to receive these Emails, please Unsubscribe Here

Tuesday, August 1, 2023

1st Aug 2023 - Greater Toronto Real Estate Pulse: Breaking News

Tuesday 1st August 2023
Mortgage Broker Vs Banks!

Greater Toronto Real Estate Pulse: Breaking News!

"Ignite your Real Estate success with our FREE Reports and Handpicked Listings!"

Welcome to "Greater Toronto Real Estate Pulse: Breaking News!" Our daily newsletter is your pulse on the latest and most significant breaking news, trends, and developments in the Greater Toronto real estate market. We understand that staying informed is essential, so our newsletter delivers real-time updates and impactful information directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market movements, new listings, investment opportunities, and expert analysis. Stay ahead of the curve and make informed decisions with our daily pulse on breaking news. Subscribe now to "Greater Toronto Real Estate Pulse: Breaking News" and stay connected to the heartbeat of the dynamic Greater Toronto real estate scene.

Using a mortgage broker instead of going directly to a bank offers several advantages for borrowers. Mortgage brokers are intermediaries who connect borrowers with various lenders, including banks, credit unions, and private lenders. Here are the key benefits of using a mortgage broker:

  1. Access to Multiple Lenders: Mortgage brokers have access to a wide network of lenders, which means they can shop around and compare loan products from various financial institutions. This allows borrowers to access a broader range of mortgage options and find the best fit for their unique financial situation.

  2. Personalized Mortgage Solutions: Mortgage brokers work closely with borrowers to understand their specific needs and financial goals. They can offer personalized mortgage solutions tailored to each borrower's circumstances, including those with unique financial challenges or credit histories.

  3. Negotiation Power: Brokers have established relationships with lenders and can often negotiate better mortgage terms and interest rates on behalf of their clients. This negotiation power can result in more favorable loan terms and potentially save borrowers money over the life of the mortgage.

  4. Time and Cost Savings: Mortgage brokers handle much of the legwork involved in the mortgage application process. They help with paperwork, streamline the application process, and submit the required documentation to lenders. This saves borrowers time and reduces the stress of navigating the mortgage process alone.

  5. Expert Advice and Guidance: Mortgage brokers are industry experts who stay up-to-date with the latest market trends and lending regulations. They can provide borrowers with valuable advice and guidance throughout the mortgage application process, ensuring borrowers make well-informed decisions.

  6. One Application, Multiple Offers: By working with a mortgage broker, borrowers only need to complete one mortgage application. The broker then submits the application to multiple lenders, which results in multiple loan offers for the borrower to consider.

  7. No Cost to the Borrower: In most cases, mortgage brokers are compensated by the lenders, meaning borrowers typically don't pay for their services directly. Instead, the lender pays the broker a commission upon successful completion of the mortgage.

  8. Support for Complex Cases: Mortgage brokers are adept at handling complex financial situations and can help borrowers with non-traditional income sources, self-employment, or unique financing needs.

  9. Greater Chance of Approval: Brokers have a deep understanding of lenders' criteria and preferences. They can match borrowers with the lenders most likely to approve their mortgage application, increasing the chances of a successful loan approval.

  10. Ongoing Support: Mortgage brokers often provide ongoing support to their clients beyond the mortgage closing. They can assist with refinancing, mortgage renewals, and any future mortgage-related inquiries.

Overall, using a mortgage broker offers borrowers convenience, access to a wider range of options, and the expertise needed to secure the most suitable mortgage product for their individual needs.

This man had a 'poor' credit rating because of a glitch at Equifax. He's now warning others | CBC News
The Impact of Commute Time on Home Buying
Greater Vancouver home sales down again | CityNews Vancouver
Move-up buyers fuelled spring market gains
Canadian Housing Starts Surge 41%, But Government Targets Are Still Unrealistic: BMO  - Better Dwelling
The Sell: How this North York couple sold their home for over asking in just one day
Feds give Hamilton $45M to build and fix 214 rental units | CBC News
Renters beware: Warning issued over rise of online scams in Saskatchewan
What you need to know about living with roommates in Ontario | CityNews Toronto
Scotiabank's return to competitive mortgage pricing is "huge" for brokers - Mortgage Rates & Mortgage Broker News in Canada
Alberta’s most populous cities are now the top-searched areas for Canadian real estate: Royal LePage - NOW Toronto
Foreign homebuyer ban discouraging international athletes, executives from investing in Canada
Plan on getting into the housing market? Consider an FHSA - The Mortgage Gal
Surge in Move-Up Buyers Boosts Canadian Housing Market Between BoC's Rate Hikes
Under Asking: "We could have got more if interest rates weren't so high." Three agents explain why they sold for less
Richmond rents rise almost 15 per cent in a year
When your child moves into your rental property: Capital gains and how to claim principal residence exemption - MoneySense
5 Houses You Can Still Buy In Toronto For Under $800K & Only One Is A Total Gongshow

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, 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 & 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 | 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
BlogInstagram
 LinkedInPinterest Twitter Tumblr Youtube Client Testimonials

© Copyright 2023 ManojAtri.com All rights reserved.
If you no longer wish to receive these Emails, please Unsubscribe Here

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