🤔 20th Dec 2023 - Is Airbnb Really Causing The Housing Crisis?

💥 Wednesday 20th December 2023 💥 Quick Easy Fix-Ups: FREE Report! Curated GTA Real Estate Thrills! "Crafting Your Real Estate Triumph: Reports & Irresistible Listings!" "Curated GTA Real Estate Thrills" is your go-to source for the most thrilling and impactful updates in the Greater Toronto Area real estate market. Each edition delivers a curated selection of thrilling trends, market insights, and critical updates directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, "Curated GTA Real Estate Thrills" covers a wide range of topics, from electrifying market dynamics to thrilling investment opportunities and expert analysis. Stay on the edge and make well-informed decisions with "Curated GTA Real Estate Thrills" as your trusted resource for navigating the dynamic GTA real estate landscape. How can these fix-ups enhance the overall appeal and marketability of my GTA home? Engaging in fix-ups or home improvements can significantly enhance the overall appeal and marketability of your Greater Toronto Area (GTA) home. Here's how: First Impressions Matter: Exterior improvements, such as landscaping, a well-maintained lawn, and a freshly painted front door, contribute to a positive first impression. This can attract potential buyers and make your home stand out in online listings and during showings. Curb Appeal: A well-maintained exterior not only attracts attention but also increases curb appeal. A property with attractive curb appeal is more likely to be viewed positively by potential buyers. Interior Updates: Modernizing the interior with updates like fresh paint, new flooring, and modern fixtures can make your home feel more current and appealing. Neutral colors can help potential buyers envision the space as their own. Kitchen and Bath Improvements: Kitchens and bathrooms are key selling points. Upgrading countertops, cabinets, or appliances in the kitchen, and improving fixtures or adding modern tiles in bathrooms, can significantly enhance the perceived value of your home. Energy Efficiency: Energy-efficient features, such as updated windows, doors, and insulation, not only make your home more environmentally friendly but can also be attractive to buyers seeking long-term cost savings. Storage Solutions: Adequate storage space is a major selling point. Consider adding built-in storage solutions or optimizing existing closets to showcase the home's organizational potential. Smart Home Technology: Integrating smart home features, such as a smart thermostat or security system, can add a modern touch and appeal to tech-savvy buyers. Proper Home Maintenance: Addressing any needed repairs and maintenance demonstrates that your home has been well-cared for. Buyers are more likely to feel confident about a property that appears to be in good condition. Staging: Proper staging allows potential buyers to visualize the full potential of each room. It involves arranging furniture, decor, and lighting to highlight the best features of your home. Photography and Virtual Tours: High-quality photography and virtual tours showcasing the improvements can attract more online views. In the digital age, a visually appealing online presence is crucial for drawing in potential buyers. Enhanced Home Value: Improvements can potentially increase your home's market value, allowing you to set a higher asking price. Market Competitiveness: In a competitive market, a well-maintained and updated home has a better chance of standing out and attracting multiple offers. Before undertaking any significant improvements, it's wise to consult with a real estate professional who can provide insights into which improvements are likely to offer the best return on investment in your specific market. Is Airbnb Really Causing the Housing Crisis? A report from the Conference Board of Canada suggest Airbnb and its industry rivals did not create the housing crisis. blog.remax.ca Read More ... Here's why prospective first-time buyers should open a First Home Savings Account before Dec. 31 - Mortgage Rates & Mortgage Broker News in Canada The new First Home Savings Account (FHSA) is being hailed by some as "the greatest deal in the history of Canadian savings.” canadianmortgagetrends.com Read More ... Rents are rising faster in Quebec than in the rest of the country: report The average posted price for a housing rental rose at an annual rate of over 10 per cent in November in Quebec, higher than the Canadian average. iheartradio.ca Read More ... First Source – Smart bridge lending in turbulent times How First Source is adapting in this high rate environment mpamag.com Read More ... House of the Week: $3.6 million for a Mimico home with a theatre and a popcorn machine This 6,000-square-foot property also comes with six bedrooms, a safe room, a basement bar and an outdoor kitchen torontolife.com Read More ... Local buyers bunkering down, says region's real estate assoc. president Average house price for Collingwood area dips below $700K orilliamatters.com Read More ... Wealthy Homebuyers Are Driving Up Prices in This Under-the-Radar Ski Town in New Hampshire In the Granite State's Waterville Valley, home prices have increased 121 percent over the past three years. ca.finance.yahoo.com Read More ... House near Toronto sold three times in two years shows just how much prices fluctuate A detached home in Brampton that's been sold three times over the past two years shows just how much home prices in the GTA can change year-over-ye... blogto.com Read More ... Private lending: What should brokers be keeping in mind? Broker on the key factors at play in the current private space mpamag.com Read More ... A new normal for Canadians: The way of mortgages today - REM Though the Bank of Canada announced its final rate hold of 2023, the industry has changed with 10 rate hikes since March 2022 realestatemagazine.ca Read More ... REALTORS® help shape Canada’s housing landscape for nearly four decades - REM TagsBCREACMHCCREAPACPAC DaysRealtors REM AdvertorialsShare realestatemagazine.ca Read More ... B.C. realtors fined over $300K for selling home without owner's consent The unoccupied five-bedroom, six-bathroom property sold for $1.7 million in 2019 nationalpost.com Read More ... This is How Much You Need to Earn to Buy a House Following November Price Fluctuations in Canada | To Do Canada In November 2023, Canadian housing markets generally saw an improvement in affordability despite a slight increase in mortgage rates. Data from Ratehub.ca indicates that the average required... Read more » todocanada.ca Read More ... Posthaste: Are we at bottom yet? Five key questions for Canada's housing market Canada’s housing market is hunkering down for a cold winter. The downturn had spread and most markets are now in “correction mode,” as higher interest rates , a lack of affordability and economic uncertainty keep buyers out of the market, said Royal Bank of Canada economists Robert Hogue and Rachel Battaglia. Home sales are fallen 13 per cent since last spring, almost wiping out gains from the rebound after the Bank of Canada paused rates early... msn.com Read More ... On the Brink: How a tight rental market makes it easier for landlords to discriminate | Globalnews.ca Amid the housing crisis, a community legal worker with Dal Legal Aid says the tight rental market is making it easier for landlords to discriminate against prospective tenants. globalnews.ca Read More ... Annual rent increases slowing as average asking price reaches $2,174 in November A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year. thestar.com Read More ... Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years | CBC News Rent is the latest necessity being severely affected by inflation, federal data suggests. In Alberta, rental prices have increased in the past year at a pace not seen since the early 1980s. cbc.ca Read More ... Complaints about rats in social housing rise Complaints about infestations are increasing - a housing official says some landlords blame tenants. ca.news.yahoo.com Read More ... 8 Types of Companies That Look at Your Credit Report Federal law lets these entities peek at your credit — regardless of whether you’re borrowing money. moneytalksnews.com Read More ... Canadian Mortgage Rates Are Set to Drop Again (Thanks to the US Fed) The year ends with a likely change to the higher-for-longer interest-rate view, latest mortgage news from mortgage broker David Larock. movesmartly.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 SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • Blog • Pinterest • Tumblr 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

👿 19th Dec 2023 - The Good Liar: Meet Toronto’s Worst Landlord!

💥 Tuesday 19th December 2023 💥 Extra Home Buying Costs - FREE Report! Toronto's Daily Real Estate Pulse! "Where Wisdom Sparks Opportunity: Free Reports & Prime Listings!" "Toronto's Daily Real Estate Pulse" is your daily rhythm into the heartbeat of the Toronto real estate market. Each day, we bring you a curated compilation of the most crucial trends, market insights, and impactful updates directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Real Estate Pulse" covers a wide range of topics, from pulsating market dynamics to seizing investment opportunities and expert analysis. Stay in tune and make well-informed decisions with "Toronto's Daily Real Estate Pulse" as your trusted resource for navigating the dynamic Toronto real estate landscape. Can you provide a breakdown of the extra costs to be aware of when buying a home in Toronto and explain how they can impact my overall budget? When buying a home in Toronto, it's important to consider various extra costs beyond the purchase price. These additional expenses can impact your overall budget significantly. Here's a breakdown of common extra costs: Land Transfer Tax (LTT): Toronto has its own municipal land transfer tax in addition to the provincial one. The amount is based on the purchase price of the property. First-time homebuyers may be eligible for rebates. Legal Fees and Disbursements: You'll need a lawyer to handle the legal aspects of the transaction. Legal fees cover their services, and disbursements include various costs incurred during the process. Home Inspection Fees: While not mandatory, a home inspection is highly recommended. Home inspection fees are paid to a professional inspector to assess the condition of the property. Appraisal Fee: If your lender requires an appraisal to assess the property's value, you may need to cover the appraisal fee. Title Insurance: Title insurance protects against potential issues with the property's title. While not mandatory, it's often recommended and comes with a one-time premium. Property Insurance: Mortgage lenders typically require property insurance to protect against damage. The cost can vary based on the property's location and value. Adjustments: You may need to reimburse the seller for prepaid property taxes, utility bills, or other costs that extend beyond the closing date. Homeowner's Association Fees: If the property is part of a condominium or a homeowners' association, you may have ongoing fees for maintenance and shared amenities. Mortgage Default Insurance: If your down payment is less than 20% of the purchase price, you may need to pay for mortgage default insurance, such as Canada Mortgage and Housing Corporation (CMHC) insurance. Moving Costs: Budget for the cost of hiring a moving company or renting a truck if you plan to move your belongings to the new property. Utility Hookup Fees: Fees for connecting utilities such as water, electricity, gas, and internet may apply when you move into a new property. Renovations or Repairs: If the property needs immediate renovations or repairs, budget for these costs. Closing Adjustments: Your lawyer may need to make adjustments for prepaid expenses like property taxes or utilities that the seller has paid in advance. Goods and Services Tax (GST) or Harmonized Sales Tax (HST): If you're buying a new construction home, these taxes may apply. Some rebates may be available. It's crucial to account for these costs when budgeting for your home purchase. Working with a real estate professional and a financial advisor can help ensure that you have a comprehensive understanding of the financial aspects of buying a home in Toronto. The Good Liar: Meet Toronto’s worst landlord Carolyn Krebs (alias Carolyn Goodman, alias Marian Linton) is the owner of 500 Dawes, one of the city’s most complained-about apartment buildings. She ignores work orders, falsifies documents and evicts tenants without cause. How one woman is making a killing off a system that’s too broken to stop her torontolife.com READ MORE ... Canadians still confident in housing as best investment; 0.5% price jump expected next year: Re/Max - REM "The slower market we've been experiencing across the country this fall could be an early indicator of an active 2024" realestatemagazine.ca READ MORE ... Canada rental prices in November| CityNews Vancouver A report says the average asking price for a rental unit in Canada in November was relatively flat from October, but 8.4 per cent more year-over-year. vancouver.citynews.ca READ MORE ... Interest rate hikes impact rental housing construction and supply Our analysis reveals that developers are adapting to the financial conditions challenging purpose-built rental housing projects — learn more. cmhc-schl.gc.ca READ MORE ... Canadian Real Estate Sellers Rush For The Exit, Softest Month Since 2008 - Better Dwelling Canadian real estate just put an end to any doubt the bubble still has a little life in it. Canadian Real Estate Association (CREA) data shows home prices fell further in November. Soft sales and rising inventory continue to apply downward pressure on values. Owners rushing to sell at an unusual time helped drive the […] betterdwelling.com READ MORE ... Canadian Housing Affordability 2nd Worst In History, Recession To Follow: BMO - Better Dwelling Canadian real estate is rarely this out of reach, and it’s always followed by recession. That was the take from BMO, noting further erosion in the Bank of Canada (BoC) Housing Affordability Index (HAI) in Q3 2023. Higher rates are finally slowing down the pace at which it worsens, but it hasn’t been this bad […] betterdwelling.com READ MORE ... The 10 Most Expensive Celebrity Real Estate Transactions of 2023 The top spot goes to a musical power couple who nabbed the most expensive home ever sold in California this year ca.finance.yahoo.com READ MORE ... 6 dreamy lofts for sale in Toronto right now If you're looking for your next dream home in the city, you’ll want to see these six spectacular lofts for sale right now in Toronto.   streetsoftoronto.com READ MORE ... Here’s How Much Inventory Grew Across the GTA in 2023 | Zoocasa Blog Inventory issues persisted throughout much of 2023 for the Greater Toronto Area, however now that the market has become more balanced new listings are catching up with demand. See where active listings have increased the most in Toronto in this in-depth market report. zoocasa.com READ MORE ... Canadian “Systemic Risk” Due To CLP Mortgages Is Bigger Than You Think - Better Dwelling Canada’s problems with a little-known risky mortgage product are more significant than expected. OSFI, the country’s bank regulator, has targeted combined loan plans (CLPs) for the past few years. CLPs enable interest-only payments, allowing borrowers to carry mortgage debt perpetually. The regulator called these a “systemic risk” that inflates home prices, so it’s clearly a […] betterdwelling.com READ MORE ... Annual rent in Vancouver rises to $3,171 in November Rent across region up 0.7% from the same month one year ago biv.com READ MORE ... The silver lining of Canada’s real estate market recession - REM Supply is no longer outpacing demand — sellers aren’t flooding the market with supply against decreasing prices and sales volume realestatemagazine.ca READ MORE ... Annual rent increases slowing as average asking price reaches $2,174 in November A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year. ctvnews.ca READ MORE ... Rent increases slowing in Canada. Here’s where price hikes are cooling most - National | Globalnews.ca The average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year, a report says. globalnews.ca READ MORE ... More than numbers: Exploring mortgage delinquencies and their impact on homeowners and realtors - REM It’s not always easy, but borrowers could sell to access equity, rent, make pre-payments when possible and start long-term financial planning realestatemagazine.ca READ MORE ... Things to remember if planning to seek a mortgage - The Mortgage Gal As we move into the busiest part of the holiday season, mortgages are the last thing on most peoples’ minds. castanet.net READ MORE ... Can Canadian homeowners stay on top of mortgage payments in 2024? TD economist says despite rising costs, most people are riding the waves wealthprofessional.ca READ MORE ... 13,000 CIBC mortgage clients have come out of negative amortization - Mortgage Rates & Mortgage Broker News in Canada Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization. canadianmortgagetrends.com READ MORE ... Amid little short-term rental enforcement, Toronto community group books room for evidence Frustrated about the lack of enforcement of apparently illegal short-term rental units operating in Toronto’s Kensington Market neighbourhood, a community group took matters into their own hands – and appears to have gotten results. toronto.ctvnews.ca READ MORE ... Rents are rising faster in Quebec than in the rest of the country: report The average posted price for a housing rental rose at an annual rate of over 10 per cent in November in Quebec, higher than the Canadian average. montreal.ctvnews.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 • Blog • Pinterest • Tumblr 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