🏠 2nd Sept 2023 - Court Orders Builder to return Deposit following “Misleading Conduct”

★ Saturday 2nd September 2023 ★ Extra Home Buying Costs - FREE Report! GTA Real Estate News: Your Daily Dose! "Navigate Real Estate Success with Insightful Reports & Fresh, Hot Listings!" Welcome to "GTA Real Estate News: Your Daily Dose!" Our daily newsletter is your go-to source for a daily dose of the latest news, trends, and insights in the Greater Toronto Area real estate market. We understand the importance of staying informed, so our newsletter delivers the most relevant 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 updates, new listings, investment opportunities, and expert analysis. Get your daily dose of knowledge and make informed decisions with our newsletter. Subscribe now to "GTA Real Estate News: Your Daily Dose" and stay in the loop in the dynamic GTA real estate scene. Are there any ongoing Maintenance or Repair costs that Homeowners should anticipate in Toronto? Yes, homeowners in Toronto, like homeowners elsewhere, should anticipate ongoing maintenance and repair costs. Proper maintenance is essential for preserving the value and functionality of your property. Here are some common maintenance and repair costs that homeowners in Toronto should consider: Routine Maintenance: Regular tasks such as lawn care, snow removal, and cleaning gutters can be done seasonally or as needed. These tasks help maintain the curb appeal and functionality of your home. HVAC Servicing: Heating, ventilation, and air conditioning systems should be serviced annually to ensure they operate efficiently and avoid costly repairs. Plumbing Repairs: Leaking faucets, running toilets, and clogged drains are common plumbing issues that may need occasional attention. Roof Repairs: Over time, roofs may develop leaks or damaged shingles. Regular inspections and minor repairs can prevent larger, costlier issues. Painting: Both the interior and exterior of your home may need periodic painting or touch-ups to maintain appearance and protect surfaces. Appliance Maintenance: Appliances such as refrigerators, dishwashers, and washing machines may require maintenance or repairs over time. Electrical Repairs: Electrical issues like faulty outlets or wiring problems should be addressed promptly for safety reasons. Foundation and Structural Repairs: If you notice cracks in the foundation or walls, it's essential to address these issues promptly to prevent further damage. Pest Control: Seasonal pest control services can help prevent infestations of common pests like ants or rodents. Window and Door Repairs: Damaged windows and doors may need repairs to maintain energy efficiency and security. Landscaping and Garden Maintenance: Gardens, trees, and outdoor spaces require ongoing care and maintenance, including pruning, weeding, and fertilizing. Gutter Cleaning: Clean gutters prevent water damage to the roof and foundation. Driveway and Walkway Repairs: Cracked or damaged driveways and walkways may need occasional repairs or resurfacing. Home Insurance: Ongoing expenses include homeowners insurance premiums, which provide protection against unexpected events like fires or storms. Property Taxes: Property taxes are an ongoing cost that homeowners must budget for each year. Emergency Fund: It's wise to maintain an emergency fund for unexpected repairs or maintenance issues that may arise. It's essential for homeowners to budget for these ongoing costs to ensure their property remains in good condition and to avoid being caught off guard by unexpected expenses. Regular maintenance can also help prevent minor issues from escalating into major repair projects, potentially saving you money in the long run. Court orders builder to return deposit following "misleading conduct" A recent Ontario case exemplifies the rare circumstances where a purchaser might get their deposit back realestatemagazine.ca READ MORE ... What to expect from the next Bank of Canada interest rate announcement The Bank of Canada (BoC) is set to issue an interest rate update on Wednesday, September 6 at 10 a.m. This will mark the sixth interest rate anno... blogto.com READ MORE ... This designer home in Toronto just dropped its price by more than $1.5 million Nestled in Toronto's coveted Cricket Club neighbourhood sits this iconic Georgian home.  21 Mason Blvd. is a picture-perfect home with red brick, c... blogto.com READ MORE ... An Arthur Erickson home that didn’t sell 5 years ago is on the market in West Vancouver again The Realtor hired to sell Eppich II, a West Vancouver home designed by renowned Canadian architect Arthur Erickson, is hoping the second time is the charm. bc.ctvnews.ca READ MORE ... Mortgage growth slows under weight of higher rates The mortgage books of Canada's largest banks are being hit by rising rates mpamag.com READ MORE ... Sustained low interest rates no longer possible, says former BoC governor This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 mpamag.com READ MORE ... Increasing number of Canadians considering home co-ownership: poll Costs of living have steadily increased over the past year mpamag.com READ MORE ... Calgary real estate hits eight-month price high amid inventory crisis Number of available homes plummets to record low ca.finance.yahoo.com READ MORE ... Mortgage owners should brace for possible rate hike next week, experts say - BNN Bloomberg Experts say Canadian mortgage owners should brace themselves for a potential rate hike next week from the Bank of Canada and budget accordingly. bnnbloomberg.ca READ MORE ... The Growing Mortgage Problem In Canada Canadian consumers are feeling the pinch of rising interest rates, and Canada's major banks are gearing up to face the thedeepdive.ca READ MORE ... Evergrande bankruptcy ripples: Analyzing the impact on Canada's real estate market What will happen to Canada's real estate market in the wake of Evergrande's bankruptcy? Find out in our latest analysis. realestatemagazine.ca READ MORE ... Canadian Real Estate Month in Review: August 2023 - Housing Market Insights and Home Affordability | Zoocasa Blog Affordability continues to be key for Canadian homebuyers. From data-driven insights on median incomes to the best Toronto neighbourhoods to buy a condo in, check out the top real estate stories in August. zoocasa.com READ MORE ... House of the Week: $5.5 million for a King City home with a fireplace that defies physics The 4,000-square-foot property also comes with recessed ceilings, a midnight-blue kitchen and a serpentine staircase torontolife.com READ MORE ... Calgary housing market continues to hit new heights The city broke a sales record in August mpamag.com READ MORE ... Airbnb to face hefty fines for illegal listings as new Quebec rules come into force | CBC News Under the new legislation passed in June, companies like Airbnb offering stays of 31 days or fewer on their platforms must now ensure that all listings on their sites are legal or risk facing fines of up to $100,000 per illegal post.  cbc.ca READ MORE ... Canadians are buying homes with family or friends because they can’t afford anything on their own: report - NOW Toronto 76 per cent of Canadian co-owners blame the lack of housing affordability as a major reason for choosing to co-purchase a property. nowtoronto.com READ MORE ... City of Toronto breaks ground on new rental property Rental site is first of a Housing Now initiative designed to create new mixed-income, complete communities on City-owned land Demand for rental housing in Toronto is reaching a fever pitch, and the chronic supply shortage is pushing rents skyward. As a result, the City of Toronto is heeding calls for more purpose-built rental housing. Through Housing Now, city-owned lands are being used to develop mixed-income communities, including in the... msn.com READ MORE ... Halton House of the Week: Suburban Milton home in popular area | inHalton This Place: Beautiful townhome in Milton with high-end touches throughout. Price: $769,000 Address: 930 Nadalin Heights, Milton Bedrooms: 2 Baths: 2 Lot Dimensions: 21 x 44.29 feet Taxes: $2,815 Features: Three-story townhouse located in a popular location near schools and amenities. Energy efficient home is open concept, with two bedrooms, two baths and outdoor patio. […] insauga.com READ MORE ... Canadian banks see dip in 30 year-plus mortgages, but risks remain By Reuters Canadian banks see dip in 30 year-plus mortgages, but risks remain ca.investing.com READ MORE ... Real estate lawyer 'not surprised' more Canadians are opting to co-own homes Leger poll shows as many as 6 per cent of Canadians co-own their property with someone other than their spouse. Real estate and estate planning lawyer Richard Bell says that while it's a more affordable solution, it can also create other problems. cbc.ca READ MORE ... Canadian Economy Flirts With Recession As Housing Drags GDP - Better Dwelling Canada’s economy may be just a few short months away from recession. The latest gross domestic product (GDP) data from Statistics Canada (Stat Can) stalled in Q2 2023. As much of a red flag as that is, it gets worse when you consider the population boom. Despite there being a lot more people, households are […] betterdwelling.com READ MORE ... Quebec rolls out short-term rental law with hefty fines for uncertified listings | Globalnews.ca Rental platforms had until Sept. 1 to start verifying the validity of those registration numbers, which the government issues in the form of PDF certificates. globalnews.ca READ MORE ... A Toronto Hydro cable fried this homeowner's appliances. Now he's footing the bill | CBC News A Scarborough homeowner is left footing the bill for damage to his appliances from a Toronto Hydro cable overload because the utility provider only has to accept liability for its equipment if there's "willful misconduct or negligence." cbc.ca READ MORE ... Canadian Interest Rates Are At 2001 Levels, But Home Prices Grew 3x Income: BMO - Better Dwelling Canadian real estate affordability data paints a dreary future for young adults. BMO’s latest look at affordability reveals it hasn’t been this hard to buy a home since the late-80s bubble. The brief period of rising interest rates didn’t help, but there’s a bigger issue. Interest rates are the highest since 2001, but since then […] betterdwelling.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, 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 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

😨 1st Sept 2023 - GTA Real Estate Insider: Daily Brief

★ Friday 1st Sept 2023 ★ 11 Home Inspection Pitfalls - FREE Report! GTA Real Estate Insider: Daily Brief! "Empowering Your Real Estate Journey: Expert Reports & Irresistible Listings!" Welcome to "GTA Real Estate Insider: Daily Brief!" Our daily newsletter is your key to unlocking insider insights, trends, and developments in the Greater Toronto Area real estate market. We understand that being in the know is essential, so our brief delivers the most relevant 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 updates, new listings, investment opportunities, and expert analysis. Gain the inside edge and make informed decisions with our daily brief. Subscribe now to "GTA Real Estate Insider: Daily Brief" and stay ahead in the dynamic GTA real estate scene. Are there any Common Misconceptions or Myths about Home Inspections in Toronto that I should be aware of? Yes, there are several common misconceptions and myths about home inspections in Toronto, as well as in other real estate markets. It's important to be aware of these myths to make informed decisions during the home buying process. Here are some of the most prevalent ones: Myth: New Homes Don't Need Inspections: Many buyers mistakenly believe that new construction homes are flawless and don't require inspections. In reality, even new homes can have construction defects, code violations, or incomplete work that an inspection can uncover. Myth: Home Inspectors Will Find Everything: While home inspectors are thorough, they may not discover hidden or latent defects. They can only report on what is visible and accessible at the time of the inspection. Myth: Home Inspections Are Pass/Fail: Home inspections are not pass or fail assessments. They provide information about the condition of the property, allowing buyers to make informed decisions. Buyers and sellers can negotiate repairs or adjust the sale price based on inspection findings. Myth: Inspections Are Only for Older Homes: Even newly constructed or recently renovated homes should be inspected. Construction errors, code violations, or issues with recent renovations can still occur. Myth: Home Appraisals Replace Inspections: An appraisal is not a substitute for a home inspection. While appraisals determine the property's value, inspections focus on its condition and potential issues. Myth: Inspectors Offer Repairs or Fixes: Home inspectors are not contractors and do not perform repairs. They provide information to help buyers and sellers make decisions. If repairs are needed, buyers may hire specialists or contractors for further assessments. Myth: Inspections Are Expensive: While inspections have a cost, they are a valuable investment in protecting your financial interests. The cost of an inspection is small compared to the potential expenses of buying a property with undisclosed issues. Myth: Inspections Are Quick: A thorough home inspection can take several hours. Buyers should be prepared to spend the necessary time at the property during the inspection. Myth: Inspections Are Only for Buyers: Sellers can also benefit from pre-listing inspections. Identifying and addressing issues before listing can make a property more attractive to buyers and reduce negotiation surprises. Myth: Inspections Are Only for Single-Family Homes: Inspections are relevant for all types of properties, including condos, townhouses, and multi-unit buildings. Myth: Home Inspectors Set Repair Costs: Home inspectors provide information about issues, but they do not estimate repair costs. Buyers may need to seek quotes from contractors for repair estimates. It's important to hire a qualified and experienced home inspector who follows recognized industry standards. Additionally, communication between buyers and sellers regarding inspection findings is key to reaching fair agreements during the home buying process. Toronto house collapses onto neighbouring home in shocking construction accident A Toronto home under construction collapsed onto a neighbouring house on Monday night, making for a shocking scene on a quiet residential street in... blogto.com Read Now ... Mixed signals: Why it's hard to tell if Canada's real estate market is hot or not right now Two realtors assess the state of some indicators of bull markets gone by, from bidding wars to home inspections ca.finance.yahoo.com Read Now ... Affordability issues driving co-ownership for Canadian homebuyers Royal LePage executive shares the reasons, responsibilities, and benefits of buying a home with others wealthprofessional.ca Read Now ... Co-ownership trend grows among Canadian homebuyers Canadians are increasingly turning to co-ownership with family and non-relatives to counter affordability challenges, reveals a Royal LePage report realestatemagazine.ca Read Now ... House of the Week: $5.5 million for a King City home with a fireplace that defies physics The 4,000-square-foot property also comes with recessed ceilings, a midnight-blue kitchen and a serpentine staircase torontolife.com Read Now ... This $9 million home in Toronto looks like a movie set While normally we'd say it's unrealistic for a home to look like it's off a movie set, 521 Spadina Rd. might be the exception. The four-bedroom, si... blogto.com Read Now ... "Performance has been stellar" on mortgage renewals so far: BMO - Mortgage Rates & Mortgage Broker News in Canada Despite facing mortgage payment increases of roughly 10% to 20%, BMO says the majority of its mortgage clients are having no issues with their renewals. canadianmortgagetrends.com Read Now ... Canadian Interest Rates Are At 2001 Levels, But Home Prices Grew 3x Income: BMO - Better Dwelling Canadian real estate affordability data paints a dreary future for young adults. BMO’s latest look at affordability reveals it hasn’t been this hard to buy a home since the late-80s bubble. The brief period of rising interest rates didn’t help, but there’s a bigger issue. Interest rates are the highest since 2001, but since then […] betterdwelling.com Read Now ... Mortgage stress looms over Canada’s big banks. What they — and consumers — can do - National | Globalnews.ca Earnings season from Canada's biggest banks show stretched amortizations persist among lenders' mortgage books. Here's what to know if your mortgage is up for renewal. globalnews.ca Read Now ... Can you pay off your debt while saving for retirement? - MoneySense Are you and your partner dual income earners finding yourselves in debt with the rising cost of living? Find out how to manage debt while saving for retirement. moneysense.ca Read Now ... Mortgage growth buckles under weight of rate hikes in Canada - BNN Bloomberg The aggressive pace of interest-rate hikes is hitting mortgage books at Canada’s biggest banks, leading to slowing loan growth, longer amortization periods and a rise in impairments. bnnbloomberg.ca Read Now ... Low vacancy, limited rental supply in Victoria: study A report released Wednesday by the online rental company Rentals.ca paints a bleak picture of Victoria's rental housing market. vancouverisland.ctvnews.ca Read Now ... Canadian recession imminent and could last through the first half of 2024: Desjardins - Mortgage Rates & Mortgage Broker News in Canada Despite Canada's economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins. canadianmortgagetrends.com Read Now ... Cost of rent climbs in Halifax, now ranked 20th most expensive city in Canada - Halifax | Globalnews.ca A new report by Rentals.ca, which looks at new units coming to market, shows Halifax has seen another jump in rental prices. globalnews.ca Read Now ... Some Windsor affordable rentals come without a fridge and stove. This tenant says that needs to change | CBC News When Anyssa Dumeah moved into her new home, knew there would be no appliances in her community housing rental. What she didn't know is that it would take her nearly two weeks to secure a fridge and stove, cost hundreds of dollars and delay her daughters' from moving in. cbc.ca Read Now ... This remote B.C. island hopes a tax on short-term rentals will solve its housing crisis | RCI District representative says 10% of Cortes Island residents are living in unstable housing ici.radio-canada.ca Read Now ... After four-month battle with tenant, woman gets back into home to see cockroaches, animal feces, garbage everywhere After a four-month struggle to evict a tenant, Kerri Stephens believes she will have no choice but to sell her house once she spends thousands to repair the damage. The first-time landlord is warning... winnipegfreepress.com Read Now ... B.C. renters pay more despite getting fewer amenities included: StatsCan B.C. rent gets even more expensive than Ontario when lower air conditioning rates factored in westerlynews.ca Read Now ... Canadians need more income to buy a home Despite falling home prices in some markets, mortgage qualifications have pushed up the income required to borrow. o.canada.com Read Now ... 3 Ways To Secure A Mortgage For Your First Investment Property Sky-high mortgage rates and home prices could make first-time real estate investors’ introduction to the market more challenging than usual. Clay Jarvis writes for NerdWallet Canada. Email: cjarvis@nerdwallet.com The post 3 Ways To Secure A Mortgage For Your First Investment Property appeared first on NerdWallet Canada. msn.com Read Now ... 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 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