🚧 29th Jan 2024 - Buying Pre-Construction: What If Your Home Is Worth Less Than You Paid?

💥 Monday 29th January 2024 💥 Questions Agents Hate! Toronto's Daily Real Estate Thrive! "Elevate Your Home Journey: Expert Reports & Exclusive Listings Await!" "Toronto's Daily Real Estate Thrive" is your daily guide to thriving in the dynamic landscape of the Toronto real estate market. Each day, we deliver a curated selection of insights, trends, and critical updates directly to your inbox, providing you with the tools and knowledge to navigate the thriving real estate scene. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our daily updates cover a wide range of topics, from emerging market dynamics to thriving investment opportunities and expert analysis. Stay ahead of the curve and make well-informed decisions with "Toronto's Daily Real Estate Thrive" as your trusted companion for navigating the bustling Toronto real estate landscape. Are There Any Specific Strategies Or Marketing Techniques That Your Real Estate Agents Employ To Help Clients In The Competitive Toronto Market? In a competitive real estate market like Toronto, employing effective strategies and marketing techniques is crucial for success. Here are some strategies that real estate agents often use to help clients in the competitive Toronto market: Early Access to Listings: Well-connected real estate agents often have access to listings before they hit the broader market. This gives their clients a competitive advantage by allowing them to view and make offers on properties before others. Networking: Building strong networks within the real estate community is vital. Agents often collaborate, share information, and leverage their connections to find suitable properties for their clients. Digital Marketing: Utilizing digital marketing strategies is essential in today's real estate landscape. This includes promoting listings on popular real estate websites, social media platforms, and through email campaigns to reach a wider audience. Professional Photography and Staging: High-quality photos and well-staged homes can significantly enhance a property's appeal. Agents work with professional photographers and stagers to showcase homes in the best possible light. Knowledge of Local Market Trends: A deep understanding of local market trends allows agents to provide clients with valuable insights. This knowledge helps clients make informed decisions regarding pricing, negotiations, and market conditions. Competitive Pricing Strategies: Agents analyze comparable sales and market conditions to help clients set competitive yet realistic prices for their properties. Strategic pricing can attract more buyers and generate multiple offers. Negotiation Expertise: Negotiation skills are crucial in a competitive market. Experienced agents can negotiate effectively on behalf of their clients to secure the best possible terms, whether buying or selling. Targeted Advertising: Agents use targeted advertising to reach specific demographics or individuals looking for properties in a particular area. This ensures that listings are seen by the most relevant audience. Open Houses and Virtual Tours: Hosting open houses and providing virtual tours are effective ways to showcase properties. This allows potential buyers to get a feel for the home and can generate more interest. Preparation of Strong Offers: In a competitive market, agents work closely with clients to prepare strong and compelling offers. This may include offering a quick closing, flexibility with terms, or providing a larger deposit. Market Updates: Keeping clients informed about market updates, new listings, and recent sales helps them stay ahead of the competition. Agents provide timely information to ensure clients are well-informed. Client Education: Educating clients about the current market conditions and helping them set realistic expectations is crucial. This ensures that buyers and sellers are well-prepared for the competitive nature of the market. By employing these strategies, real estate agents aim to give their clients a competitive edge in the dynamic Toronto real estate market. Each client's situation is unique, so agents tailor their approach to meet individual needs and goals. Buying pre-construction: What if your home is worth less than you paid? - MoneySense Due to rising mortgage rates and falling home prices, some pre-construction home buyers are facing financing issues. Let’s look at their options. moneysense.ca READ MORE ... New B.C. resident stands to lose $82K in developer pre-sale ‘David and Goliath’ fight - BC | Globalnews.ca Sudip Sehgall put almost $82,000 down on a presale townhouse in Surrey in December 2021, which was being built by Streetside Developments. globalnews.ca READ MORE ... Interest rates may have peaked – is it time to jump into the housing market? - National | Globalnews.ca The Bank of Canada's shift in tone on future interest rate decisions could have some would-be homebuyers taking a look at the spring housing market, experts say. globalnews.ca READ MORE ... House of the week: Mississauga home comes with a basement unit | insauga Mississauga house of the week. insauga.com READ MORE ... Home staging companies forced to adapt as sellers pull back in slow housing market TORONTO — One walk through a home tells Rachael Stafford what adjustments are needed to pique the interest of potential buyers. For Stafford, the founder and creative director of organizing and staging company Order in the House, changes can range from decluttering rooms to services like painting and repairs, or even bringing in furniture rentals. […] toronto.citynews.ca READ MORE ... Halton House of the Week: Spectacular views from this custom-built home in Milton - inHalton | Local Online News This Place: Two-acres of country living just outside Milton Price: $2,788,000 Address: 10662 First Line, Milton Bedrooms: 3 Baths: 7 Lot Dimensions: 163.06 x 496.33 feet Taxes: $8,678 Features: Unparalleled luxury with this exquisite, custom-built bungalow. Sprawling two-acre lot with more than 5,000 sq.-ft. of living space. Sun-drenched living room is adorned with coffered, 10-foot […] inhalton.com READ MORE ... What renters and landlords should know about 'cash for keys' deals A backlog of cases at landlord and tenant boards in Canada is allowing tenants to misuse the system, causing expensive issues for landlords who attempt to buy them out, according to a real estate expert. ctvnews.ca READ MORE ... This $2 million sustainable Toronto designer home is magazine-worthy "Born from the chrestomathic school of design, enter into rarified air," starts the listing for 143 Drayton Ave.  For those who don't kno... blogto.com READ MORE ... BREAKING NEWS: New lawsuit hits Canadian real estate industry - REM New lawsuit hits Canadian real estate industry with similar claims to the Sunderland case - stay tuned for more details next week realestatemagazine.ca READ MORE ... Interest rates may have peaked – is it time to jump into the housing market? The Bank of Canada's shift in tone on future interest rate decisions could have some would-be homebuyers taking a look at the spring housing market, experts say. msn.com READ MORE ... Property severance backlog costing time and money, applicants say | CBC News A serious backlog of property severance applications at Ottawa city hall has some landowners waiting in limbo, and they say the holdup is costing them time and money. cbc.ca READ MORE ... B.C. senior wins injunction allowing her to sell Sunshine Coast home A B.C. senior who has spent more than $3.4 million on the construction of a home on the Sunshine Coast has been granted an injunction against the former co-owners of the property, who have contributed only $115,000 to the project. bc.ctvnews.ca READ MORE ... Toronto's ultra-luxury market thriving In Toronto, a total of 8,120 residential homes priced from $1 million to $3.99 million sold last year compared to 9,410 in 2022 Despite high interest rates, inflation, wars and a foreign buyer ban, Toronto’s ultra-luxury real estate market “thrived” last year, Engel & Völkers reports. According to its 2023 Year-End Luxury Real Estate Market Report – which offers insights drawn from data on homes priced from $1 million to $3.99 million and those... msn.com READ MORE ... This Week’s Top Stories: Canada Already In Recession & Limits On Foreign Students - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Do Canada’s Immigrants Stay? Fewer Continue To File Taxes Canada manages to attract a lot of immigrants, but how many are actually staying? Taxfiler data reveals 91% of immigrants that arrived in 2019 filed taxes for that year, but that same group […] betterdwelling.com READ MORE ... This Toronto landmark is on sale for $12 million If walls could talk, "Horsman Hall" would surely have captivating tales to share. Named after its first owner, Harry Horsman, this archit... blogto.com READ MORE ... Kelowna realtor foresees legal action against Province over short-term rental regulations British Columbia’s new short-term rental regulations will go into effect on May 1, 2024, but there may be some noise on the matter before then. kelownanow.com READ MORE ... Will Ontario see any home price relief this year? The province's housing market remains one of Canada’s priciest mpamag.com READ MORE ... N.B. homeowner sees more than 50 per cent increase in property value in three years A homeowner in rural New Brunswick is questioning a big increase in his property assessment. atlantic.ctvnews.ca READ MORE ... This $2 million Toronto triplex has some seriously strange ceilings Nestled on the quiet and enchanting street of Tennis Cres. is this exceptional detached home, which is actually three separate apartments.  Spread ... blogto.com READ MORE ... Toronto Real Estate Dropping as Listings Surge? The Toronto real estate has been at a standstill: price growth has been modest, sales activity solid, and number listings have been mixed blog.remax.ca READ MORE ... This 23-year-old impulsively bought a house on Amazon for $26K. Here’s why he isn't the first and won’t be the last  - NOW Toronto TikTok user @hittaa_jeff shared that he purchased the home for a total of $26,280 in a video that has garnered millions of views nowtoronto.com READ MORE ... 28-year-old first-time homebuyer says ‘it’s a little bit of a crash course’ going from having roommates to being a landlord "I walked into this house that I wound up buying, and within five minutes, I was like, I have to put an offer on it," Leif Jonasson told Fortune. ca.finance.yahoo.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 GTA 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

🛡️ 26th Jan 2024 - Which Insurance Policies Do I Absolutely Need, And Which Are Nice-To-Haves?

💥 Friday 26th January 2024 💥 Toronto GTA Power Of Sale FREE Listings! Daily GTA Real Estate Roar! "Transforming Your Home Journey: Expert Reports & the Latest Listings!" "Daily GTA Real Estate Roar" is your daily source of the loudest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of updates that make the market roar, featuring the hottest trends, market insights, and critical updates delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Roar" series covers a wide range of topics, from amplifying market dynamics to roaring investment opportunities and expert analysis. Stay tuned and make well-informed decisions with "Daily GTA Real Estate Roar" as your trusted resource for navigating the dynamic GTA real estate landscape. How Can I Protect Myself As A Buyer When Purchasing A Power-Of-Sale Property? Purchasing a power-of-sale property can offer opportunities for buyers, but it also comes with unique challenges. Here are some tips to help protect yourself as a buyer when dealing with power-of-sale properties: Understand the Power-of-Sale Process: Educate yourself on how the power-of-sale process works in your jurisdiction. Different regions may have variations in the process, and understanding the legal aspects is crucial. Obtain Legal Advice: Consult with a real estate lawyer who is experienced in power-of-sale transactions. They can review the terms of the sale, identify potential risks, and ensure that your interests are protected. Conduct Due Diligence: Thoroughly research the property. Obtain a title search to check for any outstanding liens, mortgages, or legal issues. This will help you understand the property's history and potential complications. Home Inspection: Despite the property being sold as-is, conducting a home inspection is crucial. It can uncover potential issues that may affect the property's value or your decision to proceed with the purchase. Review Property Taxes and Utility Bills: Ensure that property taxes and utility bills are up to date. Unpaid taxes or utility bills could become your responsibility as the new owner. Get Pre-Approved for Financing: Before making an offer, obtain pre-approval for a mortgage. This not only helps you understand your budget but also demonstrates to the seller that you are a serious and qualified buyer. Negotiate Terms and Conditions: Work with your real estate agent and lawyer to negotiate favorable terms and conditions. Address issues such as the closing date, any repairs that need to be made, and the inclusion or exclusion of certain fixtures. Attend the Court Hearing (if applicable): In some jurisdictions, a court process may be involved in the power-of-sale. If so, attend the court hearing to ensure you are informed about the proceedings and any potential changes to the sale. Have a Financing Plan: Be prepared with a solid financing plan. Delays in securing financing can lead to additional costs or even the loss of the property. Be Wary of "As-Is" Sales: Understand that power-of-sale properties are often sold "as-is," meaning the seller may not be responsible for repairs. Factor potential repair costs into your budget. Include Escape Clauses in the Offer: Work with your real estate agent to include specific clauses in your offer that allow you to exit the deal if certain conditions are not met or if issues arise during the closing process. Monitor the Timeline: Power-of-sale transactions often have strict timelines. Stay informed about key dates and deadlines to ensure a smooth process. By taking these precautions and seeking professional advice, you can navigate the power-of-sale process with greater confidence and protect your interests as a buyer. Which insurance policies do I absolutely need, and which are nice-to-haves? With an overwhelming number of insurance types to choose from, it can be difficult to differentiate between the crucial and the nice-to-haves. In his financial advice column for CTVNews.ca, Christopher Liew provides an overview of some of the most popular types of policies and what they cover. ctvnews.ca READ MORE ... Your cottage appraisal came in lower than the purchase price. Now what?  Bankruptcy specialists in Toronto have seen an uptick in homebuyers unable to close on pre-construction properties due to low appraisals. cottagelife.com READ MORE ... Mortgage rates expected to ease, further heating Calgary market Calgary’s already hot real estate resale market could heat up even more as interest rates are forecast to fall by year’s end. “It’s great news,” says Chase Belair, co-founder and principal broker at Nesto. The online mortgage brokerage recently published its 2024 mortgage forecast, pointing to the Bank of Canada possibly cutting its overnight rate in the second half of the year. The central bank’s policy rate generally determines the direction... msn.com READ MORE ... Rent in Mississauga second-most expensive in Ontario in 2023, beating Toronto: report | insauga Apartment rent in Mississauga is now one of the most expensive in Ontario, even outpacing Toronto. insauga.com READ MORE ... Canadian Mortgage Borrowers Will Have To Wait For Rate Relief: BMO - Better Dwelling Canadian real estate markets have been warming up with dreams of cheaper mortgages. Despite the Bank of Canada (BoC) making no changes yesterday, they may have changed expectations. In a note to investors, BMO explained the central bank’s messaging demonstrates cuts are a long way off, potentially backstopping progress made on fixed rates. The bank […] betterdwelling.com READ MORE ... Real estate industry left playing the waiting game after Bank of Canada hold Resurgence in the housing market could bring back interest rate hikes ca.finance.yahoo.com READ MORE ... Under-35 households lead the way in reducing mortgage debt, StatCan reports - Mortgage Rates & Mortgage Broker News in Canada Canada's youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. canadianmortgagetrends.com READ MORE ... The shock of higher mortgage payments could be just around the corner Many homeowner may face higher mortgage payments in the next two years, writes Peter Watson. yorkregion.com READ MORE ... Rental of the Week: $5,200 for a detached in Lawrence Park South with a backyard bench swing The 2,200-square-foot home comes with three bedrooms, a sparkling kitchen, an original oak staircase and a large finished basement torontolife.com READ MORE ... Someone in Brampton is renting out a single bed in the middle of a kitchen | Urbanized The latest "horror rental" spotted in the region is a room being advertised in Brampton for the very low price of $350. dailyhive.com READ MORE ... ANALYSIS | Why the central bank won't circle a date for interest rate cuts | CBC News Canadian households, clobbered by rising interest rates, are desperate for word from the Bank of Canada on when they may start to fall. But central bank governor Tiff Macklem refuses to give them a "false sense of precision." cbc.ca READ MORE ... Viral video of cheap rent prices in Texas has people in Toronto vowing to move A viral TikTok highlighting some of the cheap rent prices in Texas has people second-guessing their commitment to renting in the Greater Toronto Ar... blogto.com READ MORE ... This eccentric $1.7 million house outside Toronto is available for the first time in decades When it comes to real estate in Ontario there's a lot of builder basic homes that are the housing equivalent to a yawn.  This is especially true wh... blogto.com READ MORE ... Canada house price drop risks pushing $46 billion in loans under water New report sheds light on massive issue mpamag.com READ MORE ... Bank of Canada done on rate hikes – but April cut unlikely, says CIBC's Tal Central bank unlikely to start cutting rates before June or July, according to top economist mpamag.com READ MORE ... 9 Things That Can Get Your Home Insurance Canceled Insurers may not want to cover your home for these reasons, but you usually have options. moneytalksnews.com READ MORE ... Toronto could implement new speculation tax on foreign homebuyers starting next year Foreign buyers who want to a purchase a home in Toronto could soon face an even steeper price tag if city council approves a new municipal tax that aims to curb real estate speculation. cp24.com READ MORE ... Foreign homebuyers in Toronto could face a new speculation tax next year Foreign buyers who want to a purchase a home in Toronto could soon face an even steeper price tag if city council approves a new municipal tax that aims to curb real estate speculation. toronto.ctvnews.ca READ MORE ... House of the Week: $2.2 million for a Beaches standout with an eccentric brick façade The 2,200-square-foot property also comes with heated floors, a big red oven, shiplap ceilings and a backyard with garden suite potential torontolife.com READ MORE ... Canadians hoping for mortgage relief disappointed after Bank of Canada keeps interest rate at 5% Canadians are reacting to news that the Bank of Canada will be holding its benchmark interest rate at five per cent. nowtoronto.com READ MORE ... Bank of Canada Drops Threats of Hikes, Shifts Discussion To Cuts - Better Dwelling Canada’s central bank held rates as widely expected, but still surprised. Bank of Canada (BoC) announced they’ll continue to hold the overnight rate at 5.0%, along with continued quantitative tightening (QT). It was believed the central bank would be hawkish, hoping to avoid a repeat of last year that sent inflation (and rates) even higher. […] betterdwelling.com READ MORE ... Bank of Canada holds interest rate, says future talks could revolve around when to begin cuts The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank's decision to hold its key rate at five per cent. cp24.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 GTA 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