𒂶 5th Feb 2024 - What Do You Do When You Are Stuck With A Pre-Construction Home Or Condo?

💥 Monday 5th February 2024 💥 11 Home Inspection Pitfalls - FREE Report! GTA Real Estate Dive: Daily Sizzlers! "Empowering Your Home Experience: Comprehensive Reports & Desirable Listings!" "GTA Real Estate Dive: Daily Sizzlers" is your daily plunge into the most sizzling and impactful updates in the Greater Toronto Area real estate market. Each day, we present you with a curated selection of updates that make a splash, 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 "Daily Sizzlers" series covers a wide range of topics, from diving into market dynamics to exploring investment opportunities and expert analysis. Dive into the excitement and make well-informed decisions with "GTA Real Estate Dive: Daily Sizzlers" as your trusted resource for navigating the dynamic GTA real estate landscape. How Can Homebuyers Identify Red Flags in a Home Inspection Report that Inspectors Might Miss? Identifying red flags in a home inspection report is crucial for homebuyers to make informed decisions about a property. While professional home inspectors are trained to catch many issues, there are areas that might be overlooked or downplayed. Here are some strategies for homebuyers to identify potential red flags: Conduct Your Own Inspection: Before the official home inspection, tour the property yourself. Look for signs of water damage, structural issues, and any visible problems. Research the Inspector: Choose a reputable and experienced home inspector. Check reviews, ask for referrals, and ensure the inspector is licensed and adheres to industry standards. Attend the Inspection: Attend the inspection in person. This allows you to ask questions, seek clarification on issues, and get a firsthand look at potential concerns. Review the Report Thoroughly: Take the time to read the entire inspection report. Pay attention to any flagged issues, even if they are described as minor. Look for consistency in the descriptions. Ask for Clarification: If something in the report is unclear, ask the inspector for clarification. A good inspector should be willing to explain findings in a way you can understand. Verify Repairs: If the seller agrees to address certain issues found in the inspection, verify that the repairs have been completed before proceeding with the purchase. Specialist Inspection: For specific concerns (e.g., foundation issues or roof problems), consider hiring a specialist for a more in-depth analysis. Look for Patterns: Identify patterns of issues. If multiple areas of the home show signs of similar problems, it could indicate a more significant underlying issue. Check Local Regulations: Be aware of local building codes and regulations. Some issues might be grandfathered in, but they could still pose risks. Consider the Age of the Property: Older homes may have issues related to aging systems and materials. Ensure the inspection addresses the specific challenges associated with the property's age. Hidden Issues: Be aware that some issues may not be visible during a standard inspection, such as hidden plumbing problems or electrical issues behind walls. Consider additional assessments if needed. Review Past Inspection Reports: If available, review any past inspection reports. This can reveal recurring issues that might have been addressed but resurfaced. Remember, the goal is not to find a perfect home (as almost every home has some issues) but to be aware of the scope and severity of potential problems. A thorough understanding of the inspection report empowers you to negotiate repairs with the seller or make an informed decision on whether to proceed with the purchase. If in doubt, consult with professionals, such as contractors or structural engineers, for a more in-depth analysis. What do you do when you are stuck with a pre-construction home or condo? Home-buyers face prospect of being unable to raise cash to close, while higher interest rates drive occupancy fees up thespec.com Read Now ... Quebecers take to the streets to defend lease transfers Protestors took to the streets of Montreal's Rosemont-Petite-Patrie borough on Saturday in defence of tenants' rights to use lease transfer to limit rent increases. montreal.ctvnews.ca Read Now ... Edmonton condo sales increase, raising hopes for market comeback | CBC News The benchmark price for apartment-style condominiums in Edmonton was up at the end of 2023 — the first increase to close out the year since 2014. cbc.ca Read Now ... Vancouver home sales rise in January as demand outpaces newly listed properties It was still 20.2 per cent below the 10-year seasonal average of 1,788 for the month westerlynews.ca Read Now ... This $2.5M home outside of Toronto will make you want to leave the city Nestled on a hillside above the Pine River, just outside of Toronto, sits a truly remarkable property. 605094 River Rd. looks like an unassuming lo... blogto.com Read Now ... FIRST PERSON | My 18-year-old son pays us rent, and I couldn't be more proud of him | CBC News Helena Wiest wishes her son could maintain his carefree childhood for longer, but as uncomfortable as it was to talk about money, she’s glad that she did. cbc.ca Read Now ... This Week’s Top Stories: Canadian GDP May Delay Rate Cuts & Record Unsold Condos - Better Dwelling Time for your cheat sheet on this week’s top stories.  Canadian Real Estate Vancouver Laundering Model That Inflated Home Prices Moves To Toronto   Greater Toronto is increasingly showing signs a money laundering technique known as the “Vancouver Model” has moved there. A casino was hit with an $80k anti-money laundering fine after a patron flagged […] betterdwelling.com Read Now ... Province wants three Vancouver properties forfeited The B.C. government wants three Vancouver properties forfeited because the tenants were using them to produce drugs and launder cash. timescolonist.com Read Now ... Muskoka Lakes hosting public meeting on Short Term Rentals - South Muskoka Doppler From the Township of Muskoka Lakes: As you may be aware, Planning Committee for The Corporation […] southmuskoka.doppleronline.ca Read Now ... Protesters take to Montreal's streets to oppose Quebec housing bill Protesters gathered in the Montreal neighbourhood of La Petite-Patrie on Saturday afternoon to voice their opposition to Quebec's Bill 31 and the province's housing minister. If adopted, the housing bill would allow landlords to reject any request for a lease transfer — which some tenants see as a way of limiting rent increases — without specifying why, and then cancel the lease. "Tenants in Quebec are suffocating," said Cédric Dussault, spokesperson for Regroupement des comités logement et asso ca.news.yahoo.com Read Now ... Unregistered B.C. mortgage broker who ignored 'cease and desist' order fined $50K A B.C. man who operated as an unregistered mortgage broker for more than two years has been fined $50,000 by a provincial regulator. bc.ctvnews.ca Read Now ... Ottawa to extend foreign home buyer ban another two years | Globalnews.ca Finance Minister Chrystia Freeland said the federal government is extending its ban on foreign homebuyers for another two years as part of efforts to ease Canada's housing crisis. globalnews.ca Read Now ... How Government Bond Yields Relate to Mortgage Rates Government bonds impact mortgage rates, shaping the housing sector and household budgets, playing a crucial role in the economic landscape. blog.remax.ca Read Now ... Fixed mortgage rates in Canada resume decline amid economic volatility - Mortgage Rates & Mortgage Broker News in Canada After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. canadianmortgagetrends.com Read Now ... Questions to ask when renewing your mortgage - Mortgage Matters Approximately half of all mortgages in Canada are set to renew in 2025 or 2026, due in part to the real estate frenzy that transpired over the course of the COVID-19 pandemic when there were record low interest rates. castanet.net Read Now ... Vancouver home sales rise in January as demand outpaces newly listed properties The Real Estate Board of Greater Vancouver says home sales got off to a strong start in the first month of 2024 but the pace of newly listed properties did not keep up with demand. bc.ctvnews.ca Read Now ... Legal battle over real estate commissions goes national with second class-action claim GTA real estate commission lawsuit expands into a nationwide legal battle countyweeklynews.ca Read Now ... How concerned is the Bank of Canada about the mortgage market? Economists on how the central bank is viewing the outlook for the sector mpamag.com Read Now ... Saskatoon woman fears homelessness as she navigates difficult housing market A Saskatoon woman is fearing homelessness as she navigates the difficult housing market. saskatoon.ctvnews.ca Read Now ... Supply shortage, not interest rates, causing housing crisis – Macklem Central bank governor calls for renewed government focus on boosting inventory mpamag.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 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

🏗️ 1st Feb 2024 - Borrowed Money Led To A Boom In Pre-Construction Sales. It Could Become A Problem!

💥 Thursday 1st February 2024 💥 Thank-You For Visiting My Website! GTA Real Estate Heatwave: Daily Sizzle! "Maximize Your Move: Free Reports & the Latest Listings!" "GTA Real Estate Heatwave: Daily Sizzle" is your daily immersion into the sizzling and hottest updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of updates that ride the heatwave, 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 "Daily Sizzle" series covers a wide range of topics, from surfing market dynamics to sizzling investment opportunities and expert analysis. Dive into the heatwave and make well-informed decisions with "GTA Real Estate Heatwave: Daily Sizzle" as your trusted resource for navigating the dynamic GTA real estate landscape. Your Trusted Resource For Greater Toronto Area Real Estate: Uncover The Inside Story! Welcome to your trusted resource for Greater Toronto Area (GTA) real estate, where we uncover the inside story to guide you through your property journey! Whether you're a first-time homebuyer, a seasoned investor, or looking to sell your property, we are here to provide you with the expertise and insights you need. Our team of dedicated real estate professionals is committed to keeping you informed about the latest market trends, hot property listings, and valuable tips for buying or selling in the dynamic GTA real estate landscape. From exclusive neighborhood spotlights to in-depth analyses of market dynamics, we've got you covered. Navigate the intricacies of the Toronto real estate market with confidence. Discover hidden gems, stay ahead of market trends, and make informed decisions that align with your goals. We believe in transparency, expertise, and personalized service, ensuring that you have the tools and knowledge to make the best choices for your real estate endeavors. Whether you're exploring the vibrant cityscape of Toronto, the family-friendly neighborhoods in the surrounding areas, or the exciting investment opportunities across the GTA, our mission is to be your go-to resource. Real estate is more than transactions; it's about finding a place to call home, making strategic investments, and building your future. Join us on this exciting journey through Toronto's real estate landscape. Uncover the inside story, gain valuable insights, and make well-informed decisions. Your dream property in the GTA is just a step away, and we are here to guide you every step of the way. Welcome to your trusted resource for Greater Toronto Area real estate! Toronto Gets Closer To New 10% ‘Speculation Tax’ On Foreign Home Buyers Toronto's Executive Committee has moved to adopt a new tax that could help shrink the presence of foreign investors in the housing market. The committee voted in favour of the proposed Municipal Non-Resident Speculation Tax (MNRST) when they met on Tuesday. This ensures that the item will be tabled ... storeys.com READ MORE > You have to be ‘wealthy or lucky’ to buy a home in this housing market, says top economist Ali Wolf “In the past, if you were middle class, it was almost assumed you would become a homeowner. Today, the aspiration is still there, but it is a lot more difficult.” ca.finance.yahoo.com READ MORE > Canada's economy grows more than expected, easing pressure on Bank of Canada to cut rates Heating up of the Canadian economy may push expectations for a first rate cut further down the line ca.finance.yahoo.com READ MORE > THE HOT TAKE: Here’s how all of Niagara can fix its Airbnb problem Stuffing short-term rentals back into Pandora’s Box tough but not impossible, writes James Culic thoroldtoday.ca READ MORE > High-End Home Prices Set For Slump From Hong Kong to New York (Bloomberg) -- Hong Kong, New York and San Francisco are among at least a dozen major cities heading for a decline in residential property values this year.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyByron Allen’s Latest Takeover Attempt: Paramount for $14 BillionNovo Nordisk Smashes Past $500 Billion Value on Wegovy Frenzy Microsoft Sales Top Estimates; Cloud Growth Disap ca.finance.yahoo.com READ MORE > Borrowed money led to a boom in pre-construction sales. It could become a problem Low pandemic-era interest rates sparked a real estate boom across Canada, but in the pre-construction market there's trouble on the horizon. An insolvency trustee explains the "double whammy" that's coming. ctvnews.ca READ MORE > Before and After: How a reno transformed a drab Wychwood craftsman into a glittering home Goodbye cavernous rooms, dusty shutters and cluttered cabinets. Hello floral lounges, fabric curtains and one stunning wine cellar torontolife.com READ MORE > Apartment listing seeks girl to share a bed with a boy, do cooking | Urbanized A Brampton apartment listing starts with a huge red flag, informing applicants that the bedroom is for a "girl" to share with a "boy." dailyhive.com READ MORE > Posthaste: Blame Toronto for driving housing prices up 178% in this city Toronto and Vancouver aren't the worst culprits when it comes to housing price increases over the last decade, a new survey found. Read on. thewhig.com READ MORE > Borrowed money led to a boom in pre-construction sales. It could become a problem Low pandemic-era interest rates sparked a real estate boom across Canada, but in the pre-construction market there's trouble on the horizon. An insolvency trustee explains the "double whammy" that's coming. ctvnews.ca READ MORE > Here are the 5 Canadian cities with the fewest low-cost rental units: report Rental vacancy rates are the lowest in the country leaving renters in some Canadians cities priced out. Here's the least affordable places to rent. ctvnews.ca READ MORE > Property taxes in major Canadian markets: Changes over the past decade and where they’re at now - REM With increases across the board, Winnipeg has the highest property tax rate and Calgary and Vancouver are on opposing paths realestatemagazine.ca READ MORE > 85-offer bidding war comes to an end with Mississauga house sold A three-bedroom house in Mississauga sold for just under $1 million on Monday after receiving 85 offers. toronto.ctvnews.ca READ MORE > Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC - Mortgage Rates & Mortgage Broker News in Canada The Canada Mortgage and Housing Corp. says rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since it began tracking that data in 1988. canadianmortgagetrends.com READ MORE > Vancouver rentals most expensive in Canada: CMHC Vancouver remains the most expensive place to rent in Canada. The CMHC says the average monthly rent for a 2-bedroom was $2,181 in 2023. vancouver.citynews.ca READ MORE > B.C. continues to lead the country in high rental prices and low vacancies, CMHC data shows cbc.ca READ MORE > 'On the edge': Average Calgary rent for two-bedroom apartment hits nearly $1,700 as vacancy plummets Calgary rents soared last year at the fastest pace in nearly two decades while the vacancy rate hit lows not seen since 2014 according to Canada Mortgage and Housing Corp.’s (CMHC) annual rental market report. Those conditions were boosted by the province’s major population gains , says the report, published Wednesday morning. Affordable options are a particularly scarce commodity, too — the vacancy rate for less expensive rental units in... msn.com READ MORE > Year-in-review and what lies ahead for Canadian real estate in 2024 - REM “We believe in the long-term health of Canada’s housing market. To protect it, we need to address the housing supply shortage across the country” realestatemagazine.ca READ MORE > Stability coming to Canada's housing market in 2024: BMO Analysts share their insights into the projected trends and dynamics of the housing market mpamag.com READ MORE > This $1 million Toronto home is the epitome of 'Boomer Special' This is the first time 20 Murmouth Rd. has ever been on the market.  The same owners have been there ever since this place was built back in likely... blogto.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