📌 10th Oct 2023 - How Interest Rates will Drive Canada's Housing Market in coming Months!

★ Tuesday 10th October 2023 ★ Extra Home Buying Costs - FREE Report! GTA Real Estate Breakdown: Daily Hot News! "Your Blueprint for Success: Reports & the Latest, Hottest Listings!" "GTA Real Estate Breakdown: Daily Hot News" is your daily breakdown of the most sizzling and crucial updates in the Greater Toronto Area real estate market. Each day, we dissect the latest headlines, trends, and market insights and deliver them directly to your inbox. Whether you're a prospective buyer, seller, investor, or a real estate enthusiast, our breakdowns cover a wide range of topics, from market shifts and investment opportunities to expert analysis and emerging trends. Stay informed and make informed decisions with "GTA Real Estate Breakdown: Daily Hot News" as your trusted resource in navigating the dynamic GTA real estate landscape. Are there any hidden or unexpected costs that First-Time Homebuyers often overlook in Toronto? First-time homebuyers in Toronto, like anywhere else, should be aware of potential hidden or unexpected costs that can arise during the homebuying process. While some of these costs may not be entirely hidden, they are sometimes overlooked or underestimated. Here are some common ones to be mindful of: Closing Costs: While not exactly hidden, closing costs can be substantial and are often underestimated by first-time buyers. These costs include land transfer taxes, legal fees, title insurance, and other fees associated with finalizing the purchase. The total amount can vary based on the property's purchase price and location. Home Inspection and Appraisal Fees: It's advisable to have a home inspection and, in some cases, an appraisal conducted before buying a home. These services come with fees that you need to budget for. Property Insurance: You'll need to secure homeowner's insurance, which can vary depending on factors like the property's location and type. Property Taxes: Property tax amounts can change, so it's essential to find out the current tax rate and expected annual tax amount for the property you're considering. Utility Hook-Up Fees: When you move into a new property, there may be fees associated with setting up utility services like water, gas, electricity, cable, and internet. Home Maintenance and Repairs: Even with a new or well-maintained property, there will be ongoing maintenance and repair costs. Budget for these expenses to keep your home in good condition. Condo Fees (If Applicable): If you're purchasing a condo, there will be monthly condo fees to cover common area maintenance and amenities. Property Renovations and Upgrades: Depending on your preferences and the condition of the property, you may need to budget for renovations or upgrades to make the home suitable for your needs. Moving Costs: Whether you hire professional movers or do it yourself, moving can be expensive when you factor in packing materials, transportation, and potential storage fees. Landscaping and Outdoor Maintenance: If the property has a yard or outdoor space, consider the costs associated with landscaping, lawn care, and maintenance. Furniture and Appliances: If your new home doesn't come furnished or with appliances, you'll need to budget for these items. HST on New Builds: For newly constructed homes, Harmonized Sales Tax (HST) may apply to the purchase price. However, there are rebates available for primary residences. Interest Rate Fluctuations: While not a direct cost, interest rates on your mortgage can fluctuate over time. Be prepared for potential increases in your monthly mortgage payments if rates rise. Home Warranty: Consider purchasing a home warranty to protect against unexpected repairs or replacements of major systems and appliances. To avoid surprises, it's crucial to work with a qualified real estate agent and consult with a financial advisor or mortgage specialist. They can help you budget for these costs and ensure that you're financially prepared for homeownership in Toronto. A thorough understanding of these potential expenses will help you make informed decisions throughout the homebuying process. How interest rates will drive Canada's housing market in coming months 'The only thing that matters right now are interest rates' ca.finance.yahoo.com READ MORE ... How to Save for a Downpayment in Just 5 Years If you really cut back and make automatic investments, you can certainly create enough cash to have a down payment in five years! The post How to Save for a Downpayment in Just 5 Years appeared first on The Motley Fool Canada. msn.com READ MORE ... Do the '90s hold clues to what's next for Canada's real estate market? Discover how the '90s may hold the key to Canada's real estate market - but you won't believe what we found. realestatemagazine.ca READ MORE ... This very tiny Toronto house is currently going for $1.1 million If nothing short of an entire housing market crash will make houses affordable again, get used to seeing homes like 71 Lesmount Ave. more and more ... blogto.com READ MORE ... Ten most affordable places to rent in Canada in 2022 It is important to compare average rent prices with the cost-of-living in each city mpamag.com READ MORE ... Only lower interest rates can revive Canada's housing market, experts say Realtors John Pasalis and Steve Saretsky discuss how lower interest rates can revive Canada's housing market. Watch here. communitypress.ca READ MORE ... Why some Toronto properties are listed for only $1 A downtown Toronto property is being listed for $1 despite home prices increasing by three per cent month over month in September, according to the Toronto Regional Real Estate Board . The run-down 14-bedroom house located in Cabbagetown is a “diamond in the rough,” the listing states . It even comes with a warning: “Please do not attempt to go inside the interior of the property. It is unsafe to tour the interior due to some of the missing... msn.com READ MORE ... LACKIE: September numbers reflect grim time in Toronto real estate market September was not a good month in Toronto real estate, no matter the spin you might be privy to on social media. In fact, with home sales hitting their lowest volume for a month of September since 1996, the Toronto Regional Real Estate Board’s Market Watch, released last week, reported just 4,642 sales for the month, a full 7% year-over-year decline, and a significant fall from the 5,294 reported last month encompassing a 12% drop. Wait, wait,... msn.com READ MORE ... Housing Update: What's Happening in October 2023 The housing market remains a turbulent place, which is why this REIT could be a better investment. fool.ca READ MORE ... This Toronto condo is listed for $4,200 — hundreds of dollars above the city average The tenants would be the first to live in the two-bedroom, two-bathroom unit. thestar.com READ MORE ... Peel Region home prices remain flat at $1.05 million Sales were down 13.7 per cent and active listings were up 42.1 per cent compared to a year ago bramptonguardian.com READ MORE ... $3.3-million bungalow in tranquil neighbourhood is Toronto’s Home of the Week All-stone construction, plus interior design, adds up to French-style country living in Whitchurch-Stouffville. wellandtribune.ca READ MORE ... Unseen consequences of Toronto's real estate slump leaves city strapped for cash While Toronto's vacant home tax has been amassing millions for the city, other levies have been far less successful thanks to our tanking real esta... blogto.com READ MORE ... Canadian Mortgage Delinquencies Are Climbing, But Stress Is Greatly Overstated - Better Dwelling Canadian mortgage rates are climbing and may be creating a little more stress for borrowers. Equifax data reveals mortgage delinquencies have climbed from record lows in Q2 2023. That may present some concerns, until some context is provided. Yes, the delinquency rate is climbing from lows, but the rates remain much lower than they were […] betterdwelling.com READ MORE ... Canadian Real Estate Bears Are Back, Fall Won’t Be Pleasant: BMO - Better Dwelling Canadian real estate markets are preparing for another raid, said one of the country’s largest banks. BMO warns the early data for September markets generally shows loosening conditions. Markets like Toronto, which usually have scarce supply, are now flush with the most inventory since 2010. Markets are only expected to get more loose in the […] betterdwelling.com READ MORE ... Canada's developers are building less housing despite crunch, a new study says. That could keep prices up | CBC News As interest rates stay high, less housing is being built now than at the height of pandemic lockdowns, according to a new report. Experts say it's hard to see when the gap between housing demand and supply will close, and that could keep housing unaffordable for a long time. cbc.ca READ MORE ... 47-year mortgages; Big chains promise grocery relief: CBC's Marketplace cheat sheet | CBC News CBC's Marketplace rounds up the consumer and health news you need from the week. cbc.ca READ MORE ... Airbnb watchdog flags hundreds of Toronto condos as ‘ghost hotels’ A Canadian Airbnb watchdog has sounded alarm bells over the number of condo buildings in Toronto acting as “ghost hotels.” cp24.com READ MORE ... First-time home buyers line up for new development in Barrhaven Dozens of people lined up on Saturday outside a Minto sales office, hoping to get onto the property ladder with a new development in Barrhaven. ottawa.ctvnews.ca READ MORE ... Mississauga House of the Week: Immaculate home nestled in quiet area by the river | insauga This place: This immaculate two-storey detached home is nestled on a quiet court in a sought-after spot in the East Credit area of Mississauga and backs onto the Credit River Price: $2,179,000 Address: 1067 Haydonbridge Crt. Neighbourhood: East Credit (Mavis Road/Highway 401) Big selling point: This home offers a great deal of privacy on a premium […] insauga.com READ MORE ... Canadian Real Estate Facing Challenges as Job Market Strength Questioned Canadian Real Estate Facing Challenges as Job Market Strength Questioned - Off Plan Property Exchange offplanpropertyexchange.com READ MORE ... Unseen consequences of Toronto's real estate slump leaves city strapped for cash While Toronto's vacant home tax has been amassing millions for the city, other levies have been far less successful thanks to our tanking real esta... blogto.com READ MORE ... Toronto condo sales are tanking and experts are concerned Following four consecutive months of sales surpassing 2022 levels, renewed concerns over higher interest rates are likely to slow the homebuying ac... blogto.com READ MORE ... Can you use the FHSA and HBP together? - MoneySense The new FHSA can help you save for a down payment in Canada. Here’s how it fits with other government programs, like the Home Buyers’ Plan. moneysense.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 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

𒂶 2nd Oct 2023 - I'm 71, Retired and once again looking for a Home in an impossible Rental Market!

★ Monday 2nd Oct 2023 ★ 11 Home Inspection Pitfalls - FREE Report! Curated GTA Real Estate Uncovered: Daily Edition! "Empowering Your Real Estate Goals: Reports & Sought-After Listings!" "Curated GTA Real Estate Uncovered: Daily Edition" is your daily guide to unveiling the hidden gems and uncovering the latest insights in the Greater Toronto Area real estate market. Each day, we curate and present you with a fresh edition of the most valuable discoveries, trends, and market updates, delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our daily editions cover a wide spectrum of topics, from undiscovered listings to emerging market trends and expert recommendations. Join us in exploring the depths of GTA real estate and stay informed with "Curated GTA Real Estate Uncovered: Daily Edition" as your trusted companion. How can I ensure that I choose a reputable and qualified home inspector in Toronto? Selecting a reputable and qualified home inspector in Toronto is crucial to ensure that you receive a thorough and accurate assessment of a property's condition before making a purchase. Here are steps to help you choose a reliable home inspector: Check for Licensing and Certification: In Ontario, home inspectors must be licensed by the Ontario Association of Home Inspectors (OAHI) or another authorized body. Verify that the inspector you're considering is licensed and in good standing with the relevant association. Verify Experience and Qualifications: Look for a home inspector with several years of experience in the industry. Ask about their qualifications, including any additional certifications or specialized training. Ask for Recommendations: Seek recommendations from trusted sources, such as your real estate agent, friends, family, or colleagues who have recently purchased homes in Toronto. They may have worked with reliable inspectors. Check Online Reviews: Read online reviews and testimonials for the inspector you're considering. Websites like Google, Yelp, and Angie's List can provide insights into the experiences of previous clients. Interview Multiple Inspectors: Contact multiple home inspectors in Toronto to discuss your needs and ask questions. This allows you to assess their professionalism, communication skills, and willingness to address your concerns. Request Sample Reports: Ask potential inspectors for sample inspection reports. These reports should be detailed, well-organized, and easy to understand. Reviewing a sample report can give you an idea of the thoroughness of their inspections. Inquire About Insurance and Errors & Omissions Coverage: Ensure that the home inspector carries liability insurance and errors and omissions (E&O) coverage. This protects you and the inspector in case of errors or omissions in the inspection. Check for Membership in Professional Associations: Look for inspectors who are members of professional organizations like the OAHI, the Canadian Association of Home and Property Inspectors (CAHPI), or the International Association of Certified Home Inspectors (InterNACHI). Membership often indicates a commitment to professional standards and ongoing education. Ask About the Inspection Process: Inquire about the inspector's inspection process. A reputable inspector will provide a comprehensive examination of the property, including structural components, electrical, plumbing, HVAC systems, and more. Attend the Inspection: Whenever possible, attend the home inspection in person. This allows you to ask questions, receive explanations, and gain a better understanding of the property's condition. Get a Written Agreement: Obtain a written agreement that outlines the scope of the inspection, the cost, the timeframe for completing the inspection, and any other terms or conditions. Compare Prices: While cost shouldn't be the sole determining factor, it's essential to compare prices from multiple inspectors to ensure you receive a fair and competitive rate for the services provided. Trust Your Instincts: Trust your instincts and choose an inspector with whom you feel comfortable. Effective communication and a good rapport can contribute to a positive inspection experience. By following these steps, you can increase your chances of selecting a reputable and qualified home inspector in Toronto who can provide you with a thorough and reliable assessment of your potential property. Remember that a professional home inspection is a valuable investment in your homebuying process, helping you make an informed decision about your prospective purchase. FIRST PERSON | I'm 71, retired and once again looking for a home in an impossible rental market | CBC News Paula Hudson-Lunn has been a lifelong renter. But in her golden years and after decades of rent control, she’s priced out of the market cbc.ca Read Now ... How does rent control work in Ontario, and does it apply to you? | CBC News When it comes to the conversation about renting in Ontario, there's one term that comes up over and over again: rent control. But what does that actually mean? How does it work? And, perhaps most importantly, does it apply to your apartment? Follow along and let's find out.  cbc.ca Read Now ... You can buy an entire apartment building in Toronto for $7.5 million Most people don't have $7.5 million to spend, but if you did, you could either get a very very nice house, or an entire apartment building in South... blogto.com Read Now ... Are Toronto and Vancouver in a housing bubble? Rising financing costs and higher mortgage stress rates seen to affect prices mpamag.com Read Now ... Affordability improves slightly in Q2, but "too small" to move the needle The burden of home ownership costs got slightly lighter in the second quarter thanks to a "solid gain" in household income, RBC economics.. realestatemagazine.ca Read Now ... Canada housing market slowdown likely to last for a prolonged period - analyst The Bank of Canada's rate hikes played a major role in the market's significant deceleration mpamag.com Read Now ... Canada mortgage market: What are the latest trends? Panel of high-profile executives discusses recent developments in the industry mpamag.com Read Now ... Are rent loans the answer to rising rent costs? - MoneySense With the average rent in Canada rising more than 9% this year, does it make sense to take out a loan to pay first and last? moneysense.ca Read Now ... 6 bedroom apartment for rent in Ontario comes with no walls and mattresses on the floor It’s no secret that Canada’s rental housing market is bleak, and ridiculous ads popping up across the country continue to highlight the dismal livi... blogto.com Read Now ... This $9 million Toronto home has unique features you can't find anywhere else Situated on a quiet cul-de-sac just around the corner from the Bridle Path, 19 Alderbrook Dr. offers a particularly transparent glimpse into an aff... blogto.com Read Now ... Here's how long you need to save up to buy a condo in Toronto Preparing to purchase your first condo in Toronto can be an incredibly stressful experience (to say the very least), given all the uncertainties th... blogto.com Read Now ... This Week’s Top Stories: Canadians Brace For Higher Mortgage Costs, Business Closures Surge - Better Dwelling Time for your cheat sheet on this week’s top stories.  Canadian Real Estate Canadian Mortgage Rates To Go Higher For Longer As Banks See Smaller Cuts Canadian mortgage borrowers may want to brace themselves for even higher interest costs. The Government of Canada (GoC) 5-year bond yield continues to climb rapidly, with this month representing […] betterdwelling.com Read Now ... Nearly 500 tenants from 5 apartment buildings in Toronto are now on rent strike More than 100 tenants at 1440 and 1442 Lawrence Avenue West will go on rent strike Sunday joining the ranks of nearly 500 residents who have been withholding payments since early summer. toronto.ctvnews.ca Read Now ... Quebec realtors report increase in buyers assuming sellers' mortgages Quebec is seeing an increase in homebuyers assuming sellers' mortgages as a response to increasing interest rates, some real estate... realestatemagazine.ca Read Now ... Beyond Local: Rural Alberta hit hard by housing crisis Read the full story and comment on WesternWheel.ca westernwheel.ca Read Now ... Tenants at two Lawrence Ave. buildings go on rent strike Tenants at two Weston-area apartment buildings, who started a rent strike, vowed Sunday that their protest will become the largest of its kind in the city’s history. The York South Weston Tenants Union says the tenants involved in the rent strikes live at Barney River Investment properties at 1440 and 1442 Lawrence Ave. W. “We are beginning a rent strike today to address issues in the building and above guideline rent increases,” said Chiara... msn.com Read Now ... How expensive has Toronto housing become? Take a look at today’s reality compared to the boomer buyers of 1990 A graphic shows the stark differences Torontonians face in today’s real estate market compared to only 30 years ago. thestar.com Read Now ... Vancouver real estate lawyer suspended 6 weeks for professional misconduct A Vancouver lawyer has agreed to a six-week suspension for committing several instances of professional misconduct. bc.ctvnews.ca Read Now ... 'Ghost hotels' need to go, neighbour says after 3 years of complaints about Airbnb next door | CBC News An Edmonton resident is questioning why it took three years to shut down a problem rental next door despite numerous complaints. Devon Beggs said he and his partner struggled to get the attention of the city and Airbnb as they dealt with issues ranging from loud parties to piles of garbage outside. cbc.ca Read Now ... Class action lawsuit against Toronto real estate industry proceeds A class action lawsuit filed at Toronto's Federal Court of Canada which alleges price-fixing realtor commission rates in the GTA real estate indust... blogto.com Read Now ... Rent prices hit a record high in Canada—what are your rights as a tenant? - MoneySense As Canadian rent prices keep rising, here’s what you need to know about rent increases, rent strikes and your rights as a tenant. moneysense.ca Read Now ... Seller’s remorse: The consequences of terminating a real estate deal In a previous article, I reviewed scenarios where buyers backed out of real estate transactions and remedies available to sellers. obj.ca 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